Kik Technology International Inc. Exhibits Products at the Med Trade Show in New Orleans
OCEANSIDE, Calif.--Nov. 5, 2001--Kik Technology International, Inc. (OTCBB:KKTI), manufacturer of micro-cellular urethane products, re-emphasized and exhibited its products at the Med Trade Show in New Orleans, October 22 - 25, 2001, where the newly developed products were well received.KKTI's micro-cellular products are used as standard equipment on most brands of medical mobility products, manual and power wheels and power scooters in the assisted living products category.
KKTI expects its revenues in the medical product line to increase by 20 to 30% as a result of this show. The total medical market for these tires exceeds 10,000,000 units per year.
In addition to the Company's current medical product line, KKTI has begun development on a new and exciting program to foam fill traditional pneumatic rubber tires. This development to foam fill tires will utilize existing manufacturing capability.
This is a significant and lower cost product enhancement with a considerable cost saving for the existing medical mobility pneumatic tire market.
Mr. William M. Knooihuizen, KKTI President, stated, "KKTI is currently negotiating with a world class tire manufacturer of small off highway medical / industrial tires for the new foam filled products."
About KIK Technology International, Inc.
KKTI is the leading provider of flat-proof, micro-cellular urethane products to the multi-billion dollar off-road tire industry. KKTI's proprietary manufacturing process produces over 150 products to replace conventional off-highway rubber tires. The Company sells its products and wheel assemblies to the following markets: wheelchair & medical equipment, lawn & garden equipment, industrial, recreational and sports equipment. For further product information, please call 1-888-KIK-TIRE or visit the website at: http://www.kiktire.com. Investors are invited to call 1-800-288-7499 and visit the corporate web-site at http://www.kiktech.com.
This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.