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FRT Fortsum Business Solutions I

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Share Name Share Symbol Market Type
Fortsum Business Solutions I TSXV:FRT TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Engineered Plastics Purchases ICI Construction Panels to Be Utilized in a Flagship Mercedes Benz Dealership

10/02/2010 9:41pm

Marketwired Canada


Innovative Composites International Inc. (TSX VENTURE:IC) ("ICI" the "Company"),
is pleased to announce that it has received a purchase order for commercial
construction panels from Engineered Plastics Incorporated ("EPI"), a privately
held Canadian specialty composite products manufacturer that serves the
infrastructure/construction, mass transit and corrections industries.


EPI is in the process of completing the construction of a flagship Mercedes Benz
dealership in Hamilton, Ontario and will utilize ICI's Fiber Reinforced
Thermoplastic ("FRT") panels for the construction of several wall sections. ICI
and EPI have entered into a three year exclusive Distribution Agreement whereby
ICI's proprietary panels will be purchased by EPI for application in
construction of commercial buildings: including wall and roof systems, hurricane
shutters, mass transit platforms, pedestrian walkway systems, and construction
of correctional facilities. Design and engineering will be a joint effort with
EPI providing application engineering and ICI providing product engineering.


Mr. Ken Szekely, President of EPI commented, "I am excited about the opportunity
of combining EPI's expertise of engineering composite products and our extensive
distribution channels with ICI's products which I believe provide a superior
performance with competitive market pricing. EPI is confident that through this
strategic alliance ICI will have the opportunity to fast track the
implementation of its unique technology into the commercial construction
marketplace."


Terry Ball, ICI's Chief Executive Officer said, "Having an absolute composite
expert such as EPI sign up to distribute our FRT panels gives us additional
confidence in the superiority of our products in terms of attributes and
pricing. We consider EPI to be an absolute leader in their industry and are
excited to have opened up a new market for our structural FRT panels."


About Engineered Plastics Inc.

EPI was founded by its owner and CEO Ken Szekely 35 years ago. The company is a
leading designer, engineer and manufacturer of specialty composite products that
serves the infrastructure/construction, mass transit and corrections industries.
EPI has offices in Canada, the United States, Europe, and, China, as well as
manufacturing facilities in Buffalo N.Y. and China.


About Innovative Composites International Inc.

Headquartered in Toronto, Canada, ICI is a high-tech engineering and
manufacturing company established in 2007 by a group of entrepreneurs with a
successful track record in commercializing advanced materials.


The Company is currently focused in two areas: Fibre Reinforced Thermoplastic
panels, a unique line of application-ready structural composite panels and Hero
451, an environmentally friendly fire inhibitor and suppressant. ICI's goal is
to deliver products that exceed industry standards with greater durability,
strength, flexibility and safety.


ICI is partnering directly with leaders in its target industries as it considers
it to be the fastest way to bring products to market. ICI's customized solutions
are intended to provide partners with competitive advantages over their
competitors.


To find out more about Innovative Composites International Inc. (IC: TSX-V),
please visit our website at http://www.innovativecompositesinc.com


"Statements made in this press release include forward-looking statements that
involve a number of risks and uncertainties. These statements relate to future
events or future performance and reflect management's current expectations and
assumptions. A number of factors could cause actual events, performance or
results to differ materially from the events, performance and results discussed
in the forward-looking statements, such as the economy, generally, competition
in its target markets, the demand for ICI's products and the availability of
funding. These forward-looking statements are made as of the date hereof and ICI
does not assume any obligation to update or revise them to reflect new events or
circumstances. Actual events or results could differ materially from ICI's
expectations and projections."


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