TUCSON, Ariz., Oct. 29, 2003 (PRIMEZONE) -- Environmental Technologies Inc. (Pink Sheets:EMTI) is pleased to announce that it is commencing a pilot-production program for the manufacture of its GADGET FINDER and KINDER FINDER security devices. This pilot-production phase will provide multiple units for beta testing and will also facilitate the engineering data that is final stage and prerequisite to establishing mass production of these units.
John Hedges, President of Environmental Technologies stated: "This is a very exciting time for the company with the incredible pent up demand for our Gadget and Kinder Finder technologies, as witnessed by the overwhelming response expressed by distributors and consumers across the globe, we are now nearing mass production to meet this demand."
Gadget Finder -- represents an inexpensive way to prevent the loss or theft of portable electronic gadgets such as cell phones, PDAs, laptops, CD players, etc. Misplaced or stolen cell phones and other electronic valuables number in the millions every year in the US and that figure continues to rise.
Kinder Finder -- is a two-way voice and directional system that allows parents to quickly locate a child that has wandered off, or otherwise become separated from its parents, in a crowded public place such as a shopping mall, amusement park or wherever. If parent and child become separated, the parent's unit, or "medallion," shows the direction and approximate distance to the child and also allows voice communication between the parent and the child. With kidnappings and reports of missing children having risen to an all-time high in the U.S., Kinder Finder addresses an urgent societal need that is vital to every parent or guardian.
Environmental Technologies' products currently being developed for specific market applications include short and long-range detection devices that can be hidden in clothing, or on valuables, and that will emit signals to loved ones or owners of articles. The technology provides a capability that is ideal for families living in fear of their children being kidnapped, or of having elderly family members, suffering from dementia or any other form of memory loss, wander off aimlessly without their loved one's knowledge. Alarmingly, kidnapping in North America has risen to an all-time high of over 800 persons per day! "Find-A-Shipment," enabling real-time shipment tracking is another promising application under development, and the introduction of a device that will be embedded in credit cards, passports, etc, to thwart theft and quickly located lost cards is expected to follow. We believe that our product range admirably addresses these growing security needs, and that the marketplace will enthusiastically receive them as they are introduced.
The statements made in this press release, which are not historical facts, contains forward-looking statements concerning potential developments affecting the business, prospects, financial conditions and other aspects of the company to which this release pertains. The actual results of the specific items described in the release, and the company's operations generally, may differ materially from what is projected in such forward- looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward- looking statement.