American Insulock Inc.

American Insulock Inc.

May 24, 2006 11:04 ET

Insulock Receives Letter of Intent from Chief Jimmy Gboyega Delano

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 24, 2006) - American Insulock Inc. (the "Company") (CNQ:AIKI.U) is pleased to announce that the Company has received a letter of intent from Chief Jimmy Gboyega Delano to enter into a distributorship agreement that will cover the continent of Africa.

Chief Gboyega Delano is the Bagbimo of Ake Abeokuta, a title he has held for 13 years (honour given at a very young age). This was an honour bestowed by his Royal Highness, The Alaka of Egbaland for his tremendous contribution to Nigerian business and international business. He is fondly known as 'Chief Jimmy'.

Chief Delano was born and educated in Western Nigeria. He attended Government College Ibadan where he excelled in education and sports. He participated in athletics, hockey and cricket for the Western Region. He proceeded to the United Kingdom where he was educated at several colleges and universities, including the London School of Accountancy, University of South Bank. He also attended Oxford University in order to study Theology and learn more about God. He holds an MBA in International Business (Marketing) and an MA degree in Finance and Investment.

He has been an accountant for over 20 years and belongs to several professional bodies in the United Kingdom including the chartered Institute of Marketing and the institute of Directors and several accountancy bodies.

For 15 years he was the brain behind business development for Gillette and Polaroid Companies in Africa. For 10 years he was Vice-President for Soft Sheen's entire International market (Africa, Middle East, Europe, South Africa, Caricom and Non Caricom markets). Chief Delano spent 20 years working at senior levels for multinational companies.

He is currently the President and CEO of Beauty Aid Global Inc., the manufacturer of IIora L' Original beauty products, which were launched in 2002, and already very successful in many countries. In an interview by CNN he was described as an expert in international business.

The launch and success of IIora beauty products is a testament to his talent, his perseverance and intellect. Chief Delano is known for his success in international arenas, a major achiever, a role model in the industry for honesty, integrity and professionalism.

Chief Delano recognizes the need for the Insulock block in Africa. Insulock looks forward to many business opportunities in Africa while working with Chief Jimmy Delano.

The Company's core business is the manufacture and distribution of its brand of insulating concrete forms (known as Insulock Blocks), together with the equipment that is used to manufacture these blocks. Insulock Blocks are made of polyurethane rather than polystyrene (i.e., Styrofoam®), which is the material that is used by virtually every other manufacturer of insulating concrete forms. Insulock Blocks are much stronger than polystyrene blocks and can be used to construct soundwalls and buildings that are highly effective at absorbing sound and that have an R-30 or R-38 heat insulating value.

On Behalf of the Board of Directors,

American Insulock Inc.

Enna Keller, Chief Executive Officer and Director

Canadian Trading and Quotation Systems Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

Contact Information

  • American Insulock Inc.
    Mrs. Enna Keller
    Chief Executive Officer
    (604) 420-1428
    (604) 420-1422 (FAX)
    American Insulock Inc.
    Mr. Howard Milne
    (604) 377-8994