PERT Permanent Technologies Inc (CE)

Permanent Technologies, Inc. (PERT.PINK) announced plans to make TineLok Vibration-Proof Fasteners available in plastic and other materials. Plastics and composites give Permanent Technologies the ability to supply TineLok products to meet an unlimited number of strength, weight and environmental requirements. Furthermore the Company estimates plastic products could weigh about seventy-five percent less than comparable steel products � with similar or better strength characteristics. Fuel saving and performance related issues associated with reduced weight is one reason the U.S. Navy is especially interested in plastic versions of TineLok. Plastics also offer protection from Ultraviolet radiation and corrosion from exposure to salt and caustic chemicals. �Plastics open up a world of opportunity for TineLok. We expect third party manufactures will want to integrate TineLok right into products designs. Logical uses for our plastic products exist in automotive, marine and aerospace applications,� said Loren Ball, President and CEO of Permanent Technologies. About Permanent Technologies, Inc. Permanent Technologies is the inventor and manufacturer of the award winning TineLok Fastening System � a family of fasteners that are designed to hold tight in the most demanding, extreme and harshest conditions, environments and applications. The TineLok Fastening System�s vibration-proof, self-locking technology is an affordable alternative to traditional fasteners when increased safety, reliability, operating life and reduced maintenance is desired or required. The Company has been granted numerous patents both in the U.S. and internationally for the TineLok technology. For more information please visit www.TineLok.com. Forward Looking Statements: This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors, factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete an acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company's public announcements. This press release is provided for information purposes only and is not intended to constitute an offer to sell or a solicitation of an offer to buy securities.