Eurocontrol Technics Inc.

Eurocontrol Technics Inc.

November 27, 2007 07:00 ET

Eurocontrol Signs Four Year Contract

-Program to Mark Gasoline, Kerosene and Diesel-

TORONTO, ONTARIO--(Marketwire - Nov. 27, 2007) - Eurocontrol Technics Inc. (TSX VENTURE:EUO), a Canadian public company specializing in the acquisition, development and commercialization of innovative authentication and verification technologies, through its wholly owned subsidiary Global Fluids International S.A. (GFI), today announced the company has signed a contract with the Ugandan Ministry of Energy and Mineral Development for the deployment of Petromark® for the marking of their gasoline, kerosene and diesel supplies.

The marking program is expected to begin later this year. This is a four year agreement that is expected to generate approximately $1 million annually in revenue to the company.

"We look forward to implementing our industry leading Petromark® technology in
Uganda this year," stated Bruce Rowlands, President and Chief Executive Officer of Eurocontrol Technics Inc. "The Ugandan Ministry has considerable experience with fuel marking technologies and their selection of Petromark® through a recent tender underscores the excellent opportunity for Eurocontrol as an innovative industry solution provider," added Mr. Rowlands.

Eurocontrol's Petromark™ solution addresses two major problems in the oil industry - combating the trade in illicit fuels and providing brand protection for large oil companies. As the price of oil has increased substantially, such problems have become a higher priority for government and corporate officials to address.

"Uganda is proud to be using the best technology available to reduce fuel adulteration and smuggling in our country," stated Mr. Disam Kiguli, Fuel Marking Project Manager, Ugandan Ministry of Energy and Mineral Development.

About Eurocontrol Technics Inc.

Eurocontrol Technics Inc. through its wholly owned subsidiary Global Fluids International S.A. ("GFI") is one of the world's pioneers in developing and implementing innovative molecular marking systems for the oil industry. Through its proprietary Petromark™ integral system, GFI has developed a 4-part solution consisting of a molecular marker, injection, monitoring and control components. Such oil industry cost realities along with GFI's 5-year R&D efforts to create its industry-leading marking solutions, along with access to capital provided by Eurocontrol Technics Inc. allows management to pursue numerous anticipated oil marking opportunities in fiscal 2008 and in years to come.

Cautionary Note Regarding Forward-looking Information

Except for statements of historical fact contained herein, the information in this press release constitutes "forward-looking information" within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as "plans", "proposes", "estimates", "intends", "expects", "believes", "may", "will" and include without limitation, statements regarding the future operating and financial performance of the Company, the implementation and the impact of this agreement on the performance of the Company. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially, include, among others, competition risks, execution risks, country risks, and lack of a history of profitability. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.


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