Surface Tech Inc. Enters Into Negotiations with HKI Inc.
IRVINE, Calif.--Feb. 1, 20047, 2004--Surface Tech Inc. (OTC:SFCI) has issued HKI Inc. a letter of intent to negotiate the purchase of its corporation. HKI brings to Surface Tech and its shareholders the finest metal care products available on the market. Unique formulas clean, polish, and add a protective coating to sterling, silver plate, brass, copper, chrome, zinc, nickel and all other fine metals.Since 1981, HKI has been manufacturing the finest line of metal care products available on the market. With corporate offices and manufacturing facilities located in Delray Beach, Fla., HKI provides worldwide sales and distribution to many of the leading industrial distributors, hotels, restaurants, and cruise lines, where optimum quality is required.
With HKI's flagship product, Nu Silver(R), Pure Silver Plate, HKI launched a complete line of metal care products to include Brass Plus(R), Copper Plus and Chrome Plus. Each product undergoes strict quality control testing from manufacturing to packaging and offers a 100 percent money-back guarantee. Chris Pittman, chairman of SFCI, commented: "We see a great opportunity in combining HKI's existing product line and marketplace with the new proprietary chrome repair solution that will be marketed exclusively by SFCI. After months of working with HKI Inc., we are very happy with the level of performance this new product can add to our repair services. We are confident that SFCI will be able to satisfy a large part of the demand that has been growing in the automotive industry for a cost-effective repair of curb damaged chrome wheels."
"These technologies will enable Surface Tech to broaden its current revenue chain into other automotive and non-automotive markets that require surface refinishing. This opportunity should bring great returns to our shareholders," said SFCI President Jeremy Preston.
Surface Tech is the only company that has a patented method to resurface alloy wheels without removing them from the car. The company's licensed technicians provide low-cost solutions to high-priced problems for over 4,000 automobile dealerships, auto auctions and car rental agencies through licensed technicians in 35 states.
Statements in this press release that are not historical facts are forward-looking statements within the meaning of the Securities Act of 1933, as amended. Those statements include statements regarding the intent, belief or current expectations of the Company and its management. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward- looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing and access funds from our existing financing arrangements that will allow us to continue our current and future operations. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events.