Sealant Solutions Acquires International Transportation Corporation
MIDDLEBORO, Mass.--Aug. 24, 2001--On August 22, Sealant Solutions, Inc. (OTCBB:SSLU) (the "Company") purchased all of the issued and outstanding securities of International Transportation Corporation ("ITC"), a Florida corporation, headquartered in Ft. Lauderdale, Florida.ITC has the exclusive rights to sell, distribute, and market products manufactured by Cyclone Motorbike Company ("Cyclone") in the Bahamas, the Caribbean Islands, and Belize with the right of first refusal in Latin and Central America. Some of the major revenue products include Cyclone Cruiser II Motorbicycle(R), The Wizard(R) electric bicycle, The City Cruiser(R), The Whirlwind Classic(R) Motor Scooter, The Cyclone Storm(R) ATV, Cyclone Powerstation(R) generators and accessories.
ITC plans to establish its distribution center in Belize to be managed by Michael Donnelly, known for his expertise in establishing distribution centers for Toyota. Mr. Donnelly's knowledge and experience will serve as a key asset to the Company's growth of these products throughout the Western Hemisphere. Additionally, Mr. Michael Fasci, President and CEO, shall serve as a Director of ITC.
Cyclone has recently launched its three-wheel car and the Company believes this will be extremely popular.
Michael Fasci stated: "This is SSLU's second major step to enhance shareholder value with the first being the previously announced Universal Sealant acquisition." With both the Sealant and Cyclone products being sold from the same distribution center, the Company anticipates the combined net profits may exceed $1,000,000 in the first year.
THE PRODUCTS
The Universal Sealant "ROOF SHIELD" product is one of the most advanced roof maintenance and repair technologies on the market today. ROOF SHIELD AP502 is a roofing sealant paint that encompasses a special mix of fine crumb rubber from used tires. AP502 is engineered for application to corrugated/prefab metal shingles (composition, asphalt, asbestos & fiberglass), granulated rolled roofing and torch-down systems. ROOF SHIELD is a thick elastomeric coating comprised of plastic & rubber, that not only waterproofs, but also repairs and extends the life of old roofs while cosmetically imparting a renewed color. AP502 comes in 10 different colors. When properly applied and cured AP502 creates a totally seamless membrane over you existing roof. As it dries, after application, it cross-links chemically and stretches with the roof to bond to the old surface which helps save and renew the old roof. This product can be easily applied with a roller or done by hand with a brush, which makes it the perfect choice for the do-it-yourselfer.
The Cyclone Cruiser II MotorBicycle(R), The Wizard E(R) electric bicycle, The City Cruiser(R) (two stroke engine), The Whirlwind Classic(R) Motor Scooter, The Cyclone Storm(R) ATV are some of the most cost-efficient means of transportation in the industry today. Each item has its durable strength frame, high performance brakes, and versatile steering all in multiple colors to meet most every consumer's desire.
The Cyclone Agro Series(R) (diesel engine), and Cyclone PowerStation(R) generators offer a cost effective means of dependable back-up electric power to a region subject to unpredictable electric service and weather related interruptions.