September 27, 2007 06:00 ET

UTEC Inc. (UTEI on the PINK SHEETS) Quarterly Shareholder Address and Corporate Update

FOX ISLAND, WA--(Marketwire - September 27, 2007) - UTEC Inc. (PINKSHEETS: UTEI) releases its 2nd Quarter Financial Results and Management's Report. The management team, headed by Dr. Fortunato Villamagna, Ph.D., CEO of UTEC Inc. (formerly Lyon Capital Ventures), trading symbol, UTEI.PK, is pleased to announce to its Shareholders, Friends and the Market that the company has posted profits for its first two quarters of 2007. The UTEC 2nd Quarter Financials are available on the Pink Sheets website at

September 27th, 2007 Shareholder Address and Corporate Update

From the Desk of
Dr. Fortunato Villamagna, Ph.D.,
CEO of UTEC Inc.

Welcome and please allow me the privilege of introducing you to UTEI.PK with the operating entity known as UTEC Inc. Over the past 50 years, the UTEC Laboratory has been involved in the research and development of successful commercial explosive products for use by the worldwide mining industry. These efforts have revolved around commercializing these explosive products for their production and marketing by affiliated domestic explosive companies as well as licensees in a number of foreign countries. The Laboratory has obtained 17 U.S. and foreign patents to cover its explosive technology. In the past ten years, many of the Lab's efforts have been devoted to developing effective methods for recycling surplus military energetic materials into successful commercial blasting agents.

UTEC's services have been used by the Department of Defense, Department of Transportation, the Bureau of Alcohol Tobacco and Firearms and other government agencies. UTEC's customers also include multinational automotive air bag manufacturers, and UTEC has been a subcontractor on a number of demilitarization programs. UTEC's customers include the top multinational and U.S. commercial explosives producers.

UTEC operates a destructive test-site, conducting detonation characterization tests on various types of both commercial and military explosive products and initiation systems, and has the only underwater energy test facility in the country. The UTEC Laboratory has the capabilities of conducting a number of the hazards classification tests, which are described in the UN "Recommendations on the Transport of Dangerous Goods Manual of Tests and Criteria" and the DOD Mil-Std 1751A. These tests are normally conducted for eventual regulatory classification of explosive materials and products as well as energetic assemblies used in the automobile safety device industry.

Over the past five decades, UTEC's high standards and reliability have allowed the company to develop a premier status with all of its customers, and strong long-term commercial relationships as a result of its focus on dependability and excellence. In some instances UTEC has even been sub-contracted by competitors due to its expertise in a number of key and proprietary areas. UTEC's cost structures are also lower than those of its largest competitors, allowing the company to provide excellent value to its customers.

Regarding specific operations:

On March 23rd, 2007, we announced contracts of over 2 million in future sales for our Energetic materials Group, which included a 5-year $1.8 million contractual agreement with ORICA to provide Energetic Material technical services through September of 2011. On June 13th, 2007, UTEC Inc. announced new contracts of $506,000 for its newly formed Chemical Sales Group with North American and International clients. I believe UTEC's Chemical Sales Group is on track to meet our target for 2007, with our confirmed contracts of $506,000 and our additional pending submissions. The pending submissions are future forecasts we are currently negotiating with repeat customers for delivery in 2007.

As we move forward, we will be releasing more information on exciting developments regarding UTEC. These developments will have significant impact, and we invite you to find out more about UTEC by contacting Capital Pros Network or by visiting the company's website.

"Safe Harbor" Statement: Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.

Compensation Disclaimer: Capital Pros Network CPN has been compensated the equivalent of $46,750 for UTEI.PK. Certain oral statements made by management from time to time and certain statements contained in press releases and periodic reports issued by UTEI (the "Company"), as well as those contained herein, that are not historical facts are "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934 and, because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.

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