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Bullhide Closes Private Placement of Approximately $500,000

24 June 1999

Bullhide Closes Private Placement of Approximately $500,000

    DEERFIELD BEACH, Fla.--June 24, 1999--The Bullhide Liner Corporation (OTC BB:BULH) announced today that it has closed a private placement of approximately $500,000 in equity funding with a major shareholder of Bullhide.
    The $500,000 in equity funding will be used primarily to implement Bullhide's marketing plan for its Quarra 2000 products, which are primarily sold in the commercial and industrial flooring markets. Quarra 2000 is a rubbery tough coating (up to 1/4") with extreme abrasion and impact resistance, stretchability and anti-slip properties. Applications include parking decks, warehouse floors, shipping docks, secondary chemical and waste water containment as well as waterproofing and more.
    W. Gordon Freeman, Chief Executive Officer of Bullhide, stated: "Bullhide has clearly brought the costs associated with its rapid growth and the development of its Quarra 2000 products under control. While we expect the growth to continue unabated, this funding will allow us to assist current distributors and dealers, on a national basis, with the marketing of the Quarra 2000 product. We fully expect this marketing effort to result in substantial earnings for the distributors, dealers, and Bullhide itself."
    The Bullhide Liner Corporation has a revolutionary patent pending polyurethane-based material initially targeted for the pick-up truck bedliner market. With its superior strength, toughness, anti-skid properties and excellent chemical resistance, Bullhide has expanded into the industrial flooring market. Additionally, when spray molded onto metal, wood, fiberglass or concrete, this product provides: superior protection from corrosion and deterioration; chemical containment; sound dampening; waterproofing; and, equipment protection. For more information, visit Bullhide's web site at www.bullhide.com.

    This material was prepared by Strategic Investors Group (SIG) for the Company discussed herein, based upon Company supplied information or other sources believed to be reliable. The information is not guaranteed by SIG for accuracy or to be all-inclusive. The foregoing discussion contains forward-looking statements that involve risks and uncertainties. Actual results could differ from those discussed in this release. This material is for informational purposes only and is not an offer or solicitation to buy or sell securities. SIG, its affiliates, and/or its officer, directors and employees may from time to time have a position in these securities.