Permanent Technology TineLok Vibration-Proof Fastening System Withstands Harsh and Treacherous Mexican Desert Conditions to Keep Baja Challenge Cars on Track HAUPPAUGE, N.Y., May 12
HAUPPAUGE, N.Y., May 12 /PRNewswire-FirstCall/ -- Permanent Technologies,
Inc. (Pink Sheets: PERT) TineLok Vibration-proof Fastening System was
installed on off-road vehicles in the most recent SCORE Baja 1000 Challenge
desert race through the Mexican Desert. We believe this harsh and extreme
environment can make normal fasteners shake loose -- potentially losing races,
and perhaps causing damage to cars and harm to drivers.
The results? This year, TineLok fasteners performed as designed, never
once letting go throughout the entire race. We believe this success is a
victory for TineLok, the SCORE Baja 1000 Challenge and motorsports safety.
We believe our products performance may lead to TineLok becoming a
standard fastener in motorsports vehicles of all kinds in the future, although
we can provide you no assurance our products performance will lead to our
product being accepted as a standard fastener, or any sales, revenues or
profit.
"This is revolutionary, I can't wait to see what the future holds for this
amazing new fastener," says Ryan F. Hill, General Manager of Hillco Fastener
Warehouse of Garden Grove, California, a major supplier of fasteners
worldwide. "TineLok fasteners were installed as shock-mount bolts in the
recent Baja 1000 race. The bolts were exposed to a brutal beating, bouncing
and pounding through the rugged desert terrain."
"Drivers were all highly impressed by the durability of TineLok -- they
never broke, never loosened and never failed. Installation, removal and
replacement was a snap too, which came in handy for roadside repairs. One team
made a quick shock absorber switch -- with no special tools -- then got the
car back on the road to continue racing. If the racers we talked to are any
indication, Permanent Technologies has a real winner here," said Hill.
Although Mr. Hill's comments are satisfying to us, you should not place undue
reliance on these statements, and these statements should not be construed as
an indication of our products market viability or acceptance.
"We are really thrilled with the way TineLok performed in the conditions
of off-road desert racing in the Baja Challenge. We believe there may be many
applications that demand the safety, reliability and security that we believe
TineLok delivers in high-vibration situations," said Permanent Technologies
CEO, Loren Ball.
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
http://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.
SOURCE Permanent Technologies, Inc.
