Pro Roads Systems Announces Argentina Road Project
ABBOTSFORD, British Columbia--Feb. 21, 2001--Pro Roads Systems, Inc. (Pink Sheets:PRRO) ("Pro Roads"), a company founded to foster the development, marketing and manufacturing of innovative products, technologies and services to various infrastructure markets worldwide, wishes to announce the Company has implemented the engineering phase of a major road construction project in the Province of Mendoza, Argentina, utilizing the road base stabilization product B.C. Stabilizer(TM).Bill Sadar, President & Chief Executive officer of Pro Roads explains that successful trials in the region, conducted by the Company's distributor, Caminos Naturales S.A. (CNSA) have led to general product acceptance. The road up-grade project, described by CNSA's President, Sr. Norberto de la Pena, is approximately 390,000 m(2) in the grape producing region of Mendoza Province. Funding for the project, estimated at US $6,000,000, will be provided in part by local government and agricultural producers. The current estimate for the B.C. Stabilizer(TM) technology and product is approximately US $1,300,000. Project completion is currently targeted for the first quarter of 2002.
Further, Sr. Pena has explained that based on the positive experience and performance B.C. Stabilizer(TM), CNSA will be exercising a renewal option of their distributorship agreement with and has expressed an additional request to pursue business and distributorship opportunities in the Country of Paraguay. Pro Roads President Bill Sadar has stated that the Company is extremely pleased with the relationship with Caminos Naturales and will be working closely with their organization to bring all current and future projects to fruition in Argentina and project potentials Paraguay. Sadar further explains that the Caminos Naturales' example of engineering and construction expertise provides the proper blend of innovative and hands-on experience to implement new, low cost and high performance technologies that will be the way of the future for road construction throughout the world.
Pro Roads Systems, Inc. is the exclusive worldwide manufacturer and distributor of B.C. Stabilizer(TM), a unique road base stabilization chemical developed by the Province of B.C. Ministry of Transportation and Highways and patented by the Province of British Columbia. B.C. Stabilizer(TM), in use over the past sixteen years by the Province and other government agencies, is an economical, high performance and environmentally friendly engineered product that reduces road construction and maintenance costs by up to 80%.
ON BEHALF OF THE BOARD OF DIRECTORS,
Bill Sadar, President and CEO
Pro Roads Systems, Inc.
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current management expectations that involve risks and uncertainties that may result in such expectations not being realized. Potential risks and uncertainties include, but are not limited to, the risks described in filings with the Securities and Exchange Commission.