Ikona Gear expands operations for the future
VANCOUVER, Aug. 24, 2004 -- Ikona Gear International, Inc. ("Ikona"), (OTC BB: IKGI and FSE: IG2) an innovator and developer of a proprietary patented gearing technology, is pleased to announce that Ikona has moved into new facilities in the metro Vancouver area.
New Office Location
Ikona is pleased to announce that we are now operating from its new 7,000 square foot facility located at Unit No. 1, 1850 Hartley Avenue, Coquitlam, British Columbia, Canada - a suburb of the greater Vancouver metropolitan area. We have succeeded in merging the corporate executive office and the engineering gear design laboratory into one location to better coordinate the efforts of the Company, its engineers, and its corporate and administrative staff. We were previously operating from two separate locations, in downtown Vancouver and Port Kells, BC, using a combined 4,600 square feet of accommodation. We have now moved into a significantly larger 7,000 square foot facility to provide additional capacity for our anticipated growth over the next three years.
Ikona will be hosting an open house via invitation for its investors and clients on Wednesday, September 22nd, 2004. Please contact us to arrange to drop by for a view of our new premises, and for demonstrations and presentations of our patented gearing technology.
Our new coordinates are as follows: (maps and directions will be available on our web site)
Ikona Gear International, Inc. 1850 Hartley Avenue, Unit No. 1 Coquitlam, British Columbia, Canada, V3K 7B1 Telephone 604-523-5500 Facsimile 604-520-5965 Web www.ikonagear.com About Ikona Gear
Ikona continues to grow in the automotive sector through its relationship with Magna Advanced Technologies, a division of Magna International Inc., and in orthopedic devices through its relationship with Aircast Inc. The recent financing and the move to the new consolidated office allows Ikona to better service these clients. Ikona is also now better positioned to introduce its technology to multiple industries within the multi-billion dollar gearing industry, with an initial focus on the automotive, industrial, alternative power sources, robotics, winches, cranes, aircraft and military sectors.
Ikona is traded over the counter on the NASD Bulletin Board, under the symbol "IKGI", and on the Frankfurt Exchange under the symbol "IG2". Ikona's patented intellectual property involves a unique gear tooth form that provides very high gear reduction, very high gear tooth contact, and rolling rather than sliding contact between gear teeth. Our technology affords significant advantages i.e.; very high torque, size and weight reductions, zero backlash, accurate back-and-forth actuation, low wear, superior efficiency, and low noise.
For additional information, Contact: Ikona Gear International, Inc. 1850 Hartley Avenue, Unit No. 1 Coquitlam, British Columbia Canada, V3K 7B1 Telephone (604) 523-5500 Facsimile (604) 520-5965 Web www.ikonagear.com On Behalf of the Board Ikona Gear International, Inc. "Laith Nosh" Laith I. Nosh, President and CEO
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.