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Global Technovations Receives Purchase Order From Daimler-Chrysler

9 November 2000

Global Technovations Receives Purchase Order From Daimler-Chrysler; MotorCheck OSA-II To Be Utilized In NASCAR Series Race Support Vehicle

    PALM BEACH GARDENS, Fla.--Nov. 9, 2000--Global Technovations, Inc. announced that it received a purchase order from Daimler -Chrysler, Inc. for its patented MotorCheck(TM) instrument. Daimler-Chrysler will use the OSA-II instrument in its hi-technology race support vehicles, the Viper and Super Truck, for the NASCAR series' Super Truck Race Team.
    The Daimler-Chrysler Super Truck Race Team now joins other previously announced MotorCheck(TM) installations along with Toyota's CART development team and the Bill Davis NASCAR Race Team. The Bill Davis Racing Team continues to endorse the OSA-II by commenting, "Our engines are expensive and time consuming to build. Being able to save just one in a season would be a big help. But as the competition tightens up in the points race and the purses get bigger, the cost of the engine could be the small end of what is saved. Consistent finishes are required to keep sponsors. Driver's safety would come into play too."
    Will Willis, the Company's CEO and Chairman, stated, "We are pleased with the rapid OSA-II progress we are making in the racing market segment. The MotorCheck(TM) OSA-II instrument purchased by Daimler-Chrysler has been modified with air shocks and automatic lock-down devices to meet the racing teams' transportable needs for moving from racetrack to racetrack. This modification will also serve us well in other OSA-II markets and applications."
    In related news, GTI also announced it has entered into a distributor agreement with ARSA (Analitica Representaciones, SA DE C.V.), an OSA-II sales and support distributor headquartered in Guadalajara, Mexico, with regional offices in Monterey, Veracruz, and Mexico City. Currently, GTI has two MotorCheck(TM) installations in Mexico at Mexlube, a Mexican lubricant company and an affiliate of Petroleous Mexocanos, the largest oil company in Mexico.