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Bullhide Expects to Form Up to $40 Million Strategic Alliance

13 July 1999

Bullhide Expects to Form Up to $40 Million Strategic Alliance With Mexican Developer

    DEERFIELD BEACH, Fla.--July 13, 1999--The Bullhide Liner Corporation (OTC BB:BULH) announced today that it is in negotiations with Mexico's largest real estate development and construction company to form a strategic alliance in which the Mexican developer would purchase $18.5 million worth of Bullhide products.
    With operations in Central and South America, the Mexican developer would use the Bullhide products for industrial applications in roofing systems and industrial flooring. Additionally, the two companies are discussing the development of a network of master distributors and dealers throughout Mexico, Central and South America. This would increase the projected revenues from the deal to $40 million if consummated.
    According to W. Gordon Freeman, Chief Executive Officer of Bullhide, "This strategic alliance would greatly enhance our focus on the use of Bullhide products for industrial applications, as well as work to expand our international operations. Our exposure to the Mexican market is further being developed by Mr. Pierson's participation in Governor Jeb Bush's trade mission in Mexico City this week." H. Logan Pierson is the Bullhide Master Distributor in Florida, as well as Central and South America.
    The Bullhide Liner Corporation has a revolutionary patent pending polyurethane-based material initially targeted for the pick-up truck bedliner market. With its superior strength, toughness, anti-skid properties and excellent chemical resistance, Bullhide has expanded into the industrial flooring market. Additionally, when spray molded onto metal, wood, fiberglass or concrete, this product provides: superior protection from corrosion and deterioration; chemical containment; sound dampening; waterproofing; and, equipment protection. For more information, visit Bullhide's web site at www.bullhide.com.

    This material was prepared by Strategic Investors Group (SIG) for the Company discussed herein, based upon Company supplied information or other sources believed to be reliable. The information is not guaranteed by SIG for accuracy or to be all-inclusive. The foregoing discussion contains forward-looking statements that involve risks and uncertainties. Actual results could differ from those discussed in this release. This material is for informational purposes only and is not an offer or solicitation to buy or sell securities. SIG, its affiliates, and/or its officer, directors and employees may from time to time have a position in these securities.