Elite Technical Inc.
TSX VENTURE : ET

Elite Technical Inc.

July 14, 2005 18:51 ET

Elite Technical Announces Railpower Contract

CALGARY, ALBERTA--(CCNMatthews - July 14, 2005) - Elite Technical Inc. (Elite) (TSX VENTURE:ET) today announces that it has been selected to provide cable assemblies for Railpower's hybrid powered shunting engines "Elite has developed an excellent reputation for its alternative fuel harnesses and has product in many challenging environments including Iran, Australia and Finland, moving into rail equipment is a logical step for us." said Peter Fenton, President and C.E.O., Elite Technical Inc. "RailPower Technologies Corp. is the world leader in hybrid yard locomotive technology and I am very pleased that Elite was selected.

About Elite

Elite is a Calgary-based manufacturer of high-quality, high-reliability cable assemblies and connection solutions for use in a broad range of engineered, commercial and industrial products, and electrical systems. Elite is listed for trading on the TSX Venture Exchange under the symbol "ET." More information on Elite is available on SEDAR at www.sedar.com and on Elite's website at www.etechi.com.

Note Regarding Forward-looking Statements

Certain information regarding Elite Technical Inc. set forth in this document, including management's assessment of the Company's plans and future operations, contains forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the Company's control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, environmental risks, the lack of availability of qualified personnel or management, stock market volatility and ability to access capital from internal and external sources. The Company's actual results, performance, or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive there from. The Company undertakes no responsibility to update the information provided herein. More detailed information about potential factors that could affect Elite Technical Inc.'s financial results is included in the documents the Company files from time to time with the Canadian Regulatory Authorities and the TSX Venture Exchange which are available on SEDAR.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.

Contact Information