Message #2 From:
NewsBot Date: June 28, 2006 10:56:00 AM
IMTG News International American Technologies, Inc., Begins Trading on the OTCBB: Symbol: ''IMTG''
HOUSTON--(BUSINESS WIRE)--June 28, 2006--International American Technologies, Inc., a public and reporting company under the Exchange Act and a majority-owned subsidiary of American International Industries, Inc. (OTCBB:AMIN), is pleased to announced that its shares of common stock are now subject to quotation on the OTC Bulletin Board, Symbol: (OTCBB:IMTG), as of today.
IMTG is the majority shareholder of Hammonds Technical Services, Inc. ("Hammonds Companies"), based in Houston, Texas, and founded by Carl Hammonds in 1982. The Hammonds Companies have long been synonymous with a quality line of fuel additives, fluid powered technology, fuel treatment products, hydrostatic testing equipment, and water chlorination systems.
In 1991, Hammonds Fuel Additives was launched with the purchase of Biobor JF(R), a fuel biocide for diesel and jet fuels. Since 1991, Hammonds has introduced several new fuel additives and fuel quality products, serving such industries such as aviation, marine, trucking, the oil and gas industry, and off-road equipment. Hammonds also offers FIZZY(TM), a fuel system ice inhibitor that has now become the aviation industry standard in anti-icing additives.
Hammonds Technical Services is the engineering and equipment component of Hammonds' business. The U.S. Military was an early and remains an important customer and Hammonds Technical Services has quickly developed a strong reputation as an innovator and leader in the manufacture of fluid powered additive injection systems. Through the years, Hammonds Technical Services has continued to lead the way in technically innovative approaches to the development of equipment to serve their increasing customer base. For additional information please visit Hammonds' web site at www.hammondscos.com.
The matters discussed in this release contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended that involve risks and uncertainties. All statements other than statements of historical information provided herein may be deemed to be forward-looking statements. Without limiting the foregoing, the words "believes", "anticipates", "plans", "expects" and similar expressions are intended to identify forward-looking statements. Factors that could cause actual results to differ materially from those that we may anticipate in each of our segments reflected by our subsidiaries' operations include without limitations, continued acceptance of the Company's products and services, increased levels of competition, new products and technology changes, the dependence upon financing, third party suppliers and intellectual property rights, the rules of regulatory authorities and risks associated with any acquisitions. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis, judgment, belief or expectation only as of the date hereof.
