Message #6 From:
NewsBot Date: August 21, 2006 10:13:00 AM
IMTG News Hammonds Water Treatment Systems, Inc., a Wholly Owned Subsidiary of International American Technologies, Inc. Announces New Business Development
KEMAH, Texas--(BUSINESS WIRE)--Aug. 21, 2006--International American Technologies, Inc. (OTCBB:IMTG)
Mr. Carl Hammonds, President of Hammonds Water Treatment Systems, Inc. ("HWTS"), has announced receipt of an order for calcium hypochlorite for $764,500. The order reflects continued growth in demand for solid disinfection used in the food processing, waste treatment and potable water treating industries. This particular order will supply product to the poultry processing industry, through the end of 2006 and is consumed by systems that include Hammonds' proprietary tablet feeders. "We expect this part of our business to continue to grow with chemical sales projected in excess of $2,000,000 for 2006. The equipment portion of the business will continue to generate demand for solid chemical disinfection as we roll out new models of our tablet and granulated feeders," said Mr. Hammonds. HWTS markets tableted and granulated calcium hypochlorite for use with its line of patented feeders. Solid disinfection as an alternative to dangerous gaseous chlorine and bleach has always been in demand, but has been limited by the availability of feed equipment that can transform the solid chemical into consistent solutions used in the disinfection process. "Hammonds holds multiple patents that continue to open new markets for our equipment and chemicals. We will be announcing new granulated systems at the upcoming WEFTEC convention in October," said Mr. Hammonds. WEFTEC is an international conference, held in Orlando that focuses on waste water treatment and is typically used by Hammonds to announce new products to its distribution and the industry at large.
Hammonds is comprised of three different subsidiaries all 100% owned by International American Technologies, Inc. ("IMTG"). The three companies are, (1) Hammonds Technical Services, Inc., (2) Hammonds Water Treatment Systems, Inc. and (3) Hammonds Fuels, Inc. Mr. Carl Hammonds is the President of all three subsidiaries.
American International Industries, Inc. (OTCBB:AMIN) owns the majority shares of IMTG.
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 value of our real estate portfolio, the strength of the real estate market in Houston, Texas as a whole, 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 potential 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.