BAT's Subsidiary SuperBAT Successfully Launches a Third Product Line in the First Quarter of 2002
SAN DIEGO--April 18, 2002--SuperBAT Inc., a subsidiary of BAT International Inc. (OTC:BAAT), successfully launched a new industrial biodegradable machine cutting oil product line in the first quarter of 2002.This is the third new product launched by a BAT subsidiary this year (refer to press releases 2/27/2002 and 3/5/2002). The industrial cutting oil has rapidly gained a loyal customer base as a result of impressive on-site demonstrations, "word-of-mouth" advertising and a growing distribution network.
Dolphin ACI, a partially owned subsidiary of BAT International, has been working together with other lubrication experts to develop a lubricant formula that is biodegradable and contains no metals, chlorine or Teflon in the formula. Machine shops and the fabrication industry in the United States and Europe have been searching for a new generation of cutting fluids since sulfur base lubrication was banned several years ago. The new biodegradable and non-toxic super-lubricant formula could revolutionize the cutting oil industry. Dolphin ACI has contracted with SuperBAT to market this product along with its other super-lubricant products.
SuperBAT has now signed agreements with distribution companies in three states: California, Arizona and Utah. Their achievements are as follows:
-- In Southern California, Dyell Machine Shops is marketing
SuperBAT's cutting oil product under the private label
"FastCut" (http://www.dyellmachine.com or call 760/244-3333).
Dyell Machine Shops performs machining services on large
generators and equipment parts. They are well known throughout
Southern California and have an excellent reputation, having
been in the machining business for 35 years.
Dyell has tested the product under some of the most severe
conditions encountered by machinists. One of the hardest and
toughest materials to cut or drill is titanium. A military
grade of 1/2-inch titanium (6A1-4V) is so hard that when
drilling with normal cutting oil, drill bits fail with 10 or
less holes and the drill time is 20 seconds or more. Using the
same 1/2-inch plate and SuperBAT cutting oil time to drill a
1/8-inch hole was reduced to 12-14 seconds and over 80 holes
were drilled in the titanium plate with no failure of the
drill bit. This type of demonstration attracts attention even
from the most "cynical old timers" of the machining industry.
A video has been completed on this test that can be ordered
for $15 (to cover duplication, shipping and handling costs).
| -- | Distributors in Arizona and Utah are marketing the SuperBAT labeled product under the brand name "Super TVT Cutting Oil." Distributors are marketing the product to select leaders of the machining industry where response has been very positive. |
| -- | SuperBAT also recently signed an agreement with Beltec Industries Inc., to distribute the TVT Cutting Oil in the country of Japan (714/558-0990). |
SuperBAT has already recorded its first profitable month in 2002 (see press release 3/5/2002) from its other TVT product (Total Vehicle Treatment Anti-Friction Automobile Lubricant Additive). Management believes its cutting oil products will further add to second quarter profits.
SuperBAT management expects earnings of approximately 3 cents per share for the year 2002 based on past sales history and current sales activities. New customers are expected from field-testing and marketing efforts as well as increased sales from existing customers, which could contribute to additional earnings. SuperBAT presently has 8,000,000 shares issued with BAT International holding approximately 75 percent of these shares. If you would like to order product or require more information please visit our Web site http://www.superbat.com or call 619/409-8977 or email info@superbat.com.
BAT International is organized as a holding company with major ownership positions in a set of subsidiary companies now commercializing advanced automotive and energy technology products. For more information, see BAT's Web site at http://www.baat.com or call Investor Relations 619/409-8977, or email info@baat.com. Information about trading prices and volume can be obtained at several Internet sites including http://www.bloomberg.com under the ticker symbol "BAAT."
Forward-looking statements in the release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic filings with the Securities and Exchange Commission.