Eurocontrol Technics Inc.

Eurocontrol Technics Inc.

September 13, 2007 07:00 ET

Eurocontrol Retains GWEST, LLC in West Africa

-Strategically Important Oil Producing Region-

TORONTO, ONTARIO--(Marketwire - Sept. 13, 2007) - Eurocontrol Technics Inc. (TSX VENTURE:EUO), a Canadian public company specializing in the acquisition, development and commercialization of innovative authentication, verification and energy security technologies, through its wholly owned subsidiary Global Fluids International S.A. (GFI), today announced the company has retained GWEST, LLC (WWW.GWEST.NET), a Washington based consultancy specializing in global geopolitical energy policy and analysis, to assist Eurocontrol in the Gulf of Guinea region of West Africa.

GWEST (Global Water & Energy Strategy Team) is a leading advisor to sovereign nations, integrated oil and gas exploration, production and services companies, construction companies and financial institutions on the politics of the global energy markets. GWEST's partners, associates and related professionals utilize their combined expertise in the areas of political and financial analysis, market research, and risk management to provide cutting-edge, value-added strategies for clients whose business is focused on global energy markets.

"We are extremely pleased that GWEST has agreed to work with Eurocontrol in West Africa, an increasingly important and strategic energy producing region of the world," stated Bruce Rowlands, President and Chief Executive Officer, Eurocontrol Technics. "Our industry leading Petromark™ technology will be of great value to those countries and companies wishing to implement best practices in their fuel distribution systems," added Mr. Rowlands.

Since 2003, GWEST has collaborated with Calgary based FirstEnergy Capital Corporation, a leading Canadian investment bank focused on serving the energy market, to produce a quarterly report, FirstInsight, which looks at the geopolitical conditions that impact oil producers and consumers globally. FirstInsight examines the impact of geopolitics on the world natural resources markets as well as the influence of geopolitics on the economic, military, and energy security policies of the U.S. and other world governments.

"GWEST is pleased to be entering this relationship to provide our unique brand of Unconventional Energy Intelligence on global energy security policy and business development issues to Eurocontrol," said Frederick Cedoz, GWEST's Vice President for Operations based in Washington, DC.

"We pride ourselves on our integrity, independence and the quality of our relationships and look forward to working closely with Eurocontrol's management team. GWEST's emphasis on public policy approaches to energy security issues makes it different from the conventional lobbying and consulting firms operating in Washington. We take the unconventional approach of seeking to raise the profile of broader policy issues -such as the benefits to developing nations of a petroleum/fuel authentication initiative like Petromark™- that, when implemented, augments the ability of energy companies to operate in areas of greater geopolitical stability," added Mr. Cedoz.

Eurocontrol's innovative Petromark™ marking 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.

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 2007 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 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. In particular, past success or achievement does not guarantee future success. 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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