PEAR Industries Introduces of New Resin

12 August 1998

PEAR Industries Will Ship $17 Million With Introduction of New Resin

    GREENVILLE, S.C.--Aug. 12, 1998--Valdor Corporation announces that PEAR Industries(R), a wholly owned subsidiary has received commitments by many industry leaders in various market segments who recognize the enormous potential of PEAR's(TM) (PolyEther Amide Resin) performance characteristics.
    Over 30 orders have been received from companies engaged in manufacture of aerospace, automotive, electrical, electronic, transportation and marine applications. Allied Signal, BF Goodrich, Rolls Royce (Engines), Daimler Benz Engineering, ABB, Crane Paper, Norton, Attwater Group and Nordic AS have ordered PEAR 6365 (Hot Melt) and 6372 (Solvent).
    PEAR Industries announces that its new Resin's PEAR 6365 & PEAR 6372 are now commercially available in solvent, hot melt and low melt versions. PEAR(TM) offers benefits that are unmatched by other state-of-the-art polymers. Superior strength; toughness; lightweight; resistance to heat, fire, and chemicals; and ease of fabrication make PEAR(TM) the preferred new material technology in various industries.
    Significant applications include aircraft adhesives, engine and structural components (in both civil and defense sectors), automotive under the hood components, electrical insulation and power generator components, electronic applications such as circuit boards and semi-conductors as well as for offshore oil pipeline development.
    Currently nearly 55% of current orders are derived from the electrical and electronics sectors. PEAR Industries will ship a minimum of 900,000 pounds of PEAR 6365 and 6372 resin orders, over the next 12 to 18 or approximately $17.2 Million.
    PEAR Industries(R) designs, develops and manufactures the next generation of advanced resins. Based on over 10 years and $10 million in development of the PEAR technology, it is advancing materials technology and replacing traditional materials such as steel, aluminum and toxic resins. PEAR sets the new standard for strength, weight and safety while offering unmatched price/performance advantage over competitive materials.
    This press release contains forward-looking statements that are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Expression of future goals and similar expressions reflecting something other than historical fact involve a number of risks and uncertainties, including timely development and market acceptance of certain products and services, the ability to secure additional financing and the ability to operate within the framework of available resources. The actual results the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties.

For more information contact:

Kerry Moody, President Valdor Corporation 104 Hickory Hill Lane Greenville, South Carolina 29609 (864) 292-3303 phone (864) 292-3797 fax