SOURCE: JER Envirotech International Corp.

January 09, 2008 18:32 ET

JER Forms Exclusive Material Supply Partnership With Sprig Toys

VANCOUVER, BC--(Marketwire - January 9, 2008) - JER Envirotech International Corp. (TSX-V: JER) (FRANKFURT: KFTB) is pleased to announce a long-term supply partnership with Sprig Toys of Fort Collins, Colorado.

Sprig Toys is a developer of environmentally friendly, "kid-powered" electronic vehicles and accessories. The company recently released its Sprig Adventure Series, which features interchangeable figurine characters with LED-based headlamps and a range of vehicles that engage children with audio adventures told in a "storybook voice." Designed for preschoolers, all vehicle and character bodies are molded using Sprigwood®, a durable, child-safe thermoplastic biocomposite compound developed in partnership with JER. Interestingly, these toys also utilize innovative battery-free electronics which encourage ongoing active play from the child to activate their sound and illumination.

Under the terms of the supply agreement, JER becomes the exclusive supplier of thermoplastic biocomposite compounds to Sprig Toys in exchange for exclusivity in certain market segments and ongoing access to JER's formulation expertise. JER will also provide preferential pricing tied to pre-determined volume commitments, starting with a minimum of 400,000 pounds of JER's compounds in 2008.

"It has been a true pleasure working with the team at Sprig Toys and we are proud of our efforts in the development of Sprigwood®," states Edward Trueman, JER's CEO. "Their operating philosophy is very much in line with our own in that they have chosen to develop products that are innovative and responsibly crafted. Given the growing concern regarding many overseas toy manufacturers, Sprig Toys is at the forefront of an enormous emerging market opportunity in the toy industry."

"In addition to their excellent performance and eco-friendly inputs, JER's thermoplastic biocomposite compounds provide our products with an organic feel, color and wood smell that adds significantly to the Sprigwood® experience," states Craig Story, CEO of Sprig Toys. "In our experience, JER possesses technical expertise and compounds that are unmatched in their industry."

Both companies intend to continue to develop additional eco-friendly compounds to support future Sprigwood® product releases. As the exclusive raw material supplier, Sprig Toys has also agreed to provide JER with secondary recognition and branding on its products and packaging.

Sprig Toys will roll out its Sprig Adventure Series at the American International Toy Fair in New York, February 17-20, 2008 (booth #5680). The line will be available at mass and specialty toy stores in North America and Europe by fall 2008.

CEO Edward Trueman Appearing on the Business News Network Television

JER's CEO, Edward Trueman, will be interviewed on CTV's "Business News Network" (BNN) on Thursday, January 10, 2007. He will be a guest on BNN's Power Breakfast segment, airing live at 8:50 a.m. ET / 5:50am PST and repeated at 10:50 a.m. ET/ 7:50am PST. "Climate change is one of the largest issues affecting our world today, and I look forward to presenting an overview of our organization, the range of environmentally friendly products we offer, as well as some of our current sales initiatives and opportunities," states Mr. Trueman.

About JER Envirotech International Corporation

JER is a global manufacturer of thermoplastic biocomposite compounds and sheeting. The Company's patented technology utilizes waste or by-product materials, such as wood fibre or rice hulls, to produce environmentally friendly alternative products for applications in a range of industries. The Company currently has a line of biocomposite formulations which it developed in collaboration with the National Research Council -- Industrial Materials Institute of Canada.

JER currently has manufacturing operations in Canada, Malaysia and the Philippines. The Company is publicly traded on the TSX Venture Exchange (TSX) under the symbol "JER" and on the Frankfurt Stock Exchange under the symbol "KFTB."

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. This news release contains certain forward-looking statements that reflect the current views and/or expectations of JER Envirotech International Corp. with respect to its performance, business and future events. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, those relating to changes in the market, potential downturns in economic conditions, foreign exchange fluctuations, demand for thermoplastic biocomposites, competition and our ability to implement our business plans and strategies in a timely manner or at all. These risks, as well as others, could cause actual results and events to vary significantly. JER Envirotech International Corp. does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements.

(2008-01 #01)

Contact Information

  • For more information, please visit www.jerenvirotech.com or contact:

    JER ENVIROTECH INTERNATIONAL CORPORATION

    "Ji Yoon"
    Mr. Ji Yoon
    Chief Financial Officer
    International: +1 (604) 940-9262
    Email Contact

    Investor Relations:

    Mr. Mark Komonoski
    VP Corporate Communications
    Toll-Free: 1-877-255-8483
    International: +1 (403) 470-8483
    Email Contact