Airtech Debuts At European Auto Show
28 September 1999
Airtech Debuts At European Auto Show
DALLAS--Sept. 28, 1999--Airtech International Group, Inc., (OTC BB:AIRG) announced today that its new Airsopure Model S-999 Auto Air Purification System was officially introduced in Europe at the International Automobile Association show in Frankfurt, Germany.Airtech was invited by the American Consulate General and the US Foreign Commercial Service and exhibited its new product from September 16 through the 26th. The Company received tremendous response from numerous suitors wanting to procure exclusive marketing rights to the new Model S-999. The IAA Trade show is positioned to attract the top automobile dealers and after-market wholesale distributors. The event drew in excess of one million visitors.
According to Paul Warren Smith, the Consulate General of the US Department of Commerce in Frankfurt, "Airsopure's Model S-999 is a unique product and comes at a favorable time for the European auto community." Mr. Smith has specialized in working with US companies and international partners within the automotive industry for over 21 years. "This product should prove to be a real winner in Europe. I am looking forward to continuing to assist Airsopure in the selection of potential distributors throughout the European market from the vast leads generated at the show."
One of the strongest contacts identified by the US Department of Commerce is CARAT Uniternehmensgruppe. Carat recently completed a merger which positioned the company as a dominant force in the auto after-market field with 226 distributors and a combined turnover of $2.3 billion. According to Mr. Ronald Taffner, Purchasing Manager for CARAT, "We will be conducting a two month marketing research project on the S-999 to determine the size and scale of the market for this product. Based on an anticipated positive report, CARAT could become a large volume distributor for the Airsopure Model S-999 product."
In addition to CARAT, the show generated leads and caused negotiations to begin with many other automotive distributions groups in countries such as Germany, Sweden, India, Holland, Turkey, Italy, England and Canada.
Airtech CEO C.J. Comu stated, "The European auto market is exploding at a record pace. Europeans are somewhat more proactive than Americans in addressing solutions for air contamination both inside and outside. It wouldn't surprise me to see this continent set the standard for automobile purification equipment and create the wave of demand heading toward the U.S."
Over 16,000,000 new cars and 20,000,000 used cars are sold every year in the United States. It is estimated that the U.S. has over 100,000,000 cars on the road while Europe reports numbers in excess of 150,000,000. Airtech will continue to focus on high profile motor vehicle markets which include auto dealers, wholesale distributors, auto rental companies, auto supply stores, law enforcement agencies and the leisure travel market. Comu added, "This is the only product of its kind and the market is rapidly recognizing the need for 'clean air' in their automobiles."
Airtech first achieved market recognition with its air purification technology by providing a simple solution that allows smokers and non-smokers to co-exist in restaurants and bars. Its corporate customers include: Denny's, Bennigan's, Del Frisco's Double Eagle Steakhouses, Sullivan's, Host Marriott Services and hundreds of other food and beverage related companies. Today, the Company's primary focus is on schools, hotels, office complexes, casinos and medical facilities. Airsopure (www.airsopure.com) & (www.airsopure.net) is a wholly owned subsidiary of Airtech International Group (www.airtechgroup.com), a publicly traded company under the symbol (OTC BB: AIRG). Investors may obtain more information by contacting C.J. Comu, CEO, at 972/960-9400/ Fax: 972/960-9395 or the Company's IR firm, Demonte & Associates, at 212/473-3700.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements contained in this document which are not historical fact are forward-looking statements based upon management's current expectations that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward looking statements. These risks are described in the Company's Form 10-KSB for the fiscal year ending May 31, 1999 filed with the Securities Exchange Commission.