Industry News

Prima Announces 2.5 Million Sales Agreement

Published on 2005-12-01. Author : SpecialChem

VANCOUVER, British Columbia -- Prima (TSX VENTURE:PID - News; FWB:PDV) management is pleased to announce the signing of a five year 2.5 million dollar sales agreement with N.C. Insulators Inc. an international distributor of energy saving products. This agreement is for the purchase of $500,000.00 of private labeled coating product per year for five years with extension rights. N.C. Insulators Inc. is a marketing company with market penetration in Mexico and the Middle East.

Prima President Roland Langset says, "This agreement is very good for PID as the Ceramic Insulcoat product line is extremely effective in the warmer climates delivering substantial energy savings and this agreement will level the Canadian sales volume which fluctuates due to seasonal influences."

NCI President says, "He is thrilled to be associated and to have a long term agreement with Envirocoatings." Following substantial evaluation, he says, "He considers Envirocoatings to be the finest product available."

About Prima

Prima Developments, a developer of Envirosmart Building Products and Systems, through its wholly-owned subsidiary Envirocoat Technologies Inc. (ETI), who is the global owner, producer and distributor of the high performance Ceramic InsulCoat R:E Paint & Coatings Systems. Envirocoatings markets its proprietary Ceramic InsulCoat product line through ICI Glidden, one of the largest paint and coatings companies with sales in over 50 countries globally. This system is a high quality, long lasting surface finish, which adds a thermal enhancement to all substrates thereby saving energy in addition to protecting and beautifying. ETI is a leader in the development of ceramic filled paints and coatings and has been manufacturing since 1960.

On behalf of the Board,

Roland Langset, President

This press release may include forward-looking statements; including statements relating to the Company's manufacturing capability, marketing strategy, future sales growth, profitability and competitive position. The words "plan", "expect", "believe", "intend", "anticipate", "forecast", "target", "estimate", and similar expressions identify forward-looking statements. Forward-looking statements are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. The Company does not undertake to review or update these forward-looking statements.

The TSX Venture Exchange has not reviewed and does not accept resp onsibility for the adequacy or accuracy of this release. Prima Developments Ltd. (TSX VENTURE:PID - News; FRANKFURT:PDV - News)

Source: Prima Developments Ltd.

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