SOURCE: HERC Products Incorporated

March 13, 2007 09:53 ET

HERC Products Incorporated Announces Acquisition of Herchemistry de Mexico, S.A. de C.V.

PORTSMOUTH, VA -- (MARKET WIRE) -- March 13, 2007 -- HERC Products Incorporated (PINKSHEETS: HERC) announced today the acquisition of Herchemistry de Mexico, S.A. de C.V. a United States of Mexico Corporation located in the Federal District of Mexico.

Herchemistry de Mexico S.A. de C.V. (HdM) was established to operate as a distributor for HERC's products and services throughout Latin America and the Caribbean. HdM will be run as a wholly owned subsidiary. Mr. Armando R. Rainier has been appointed President and C.E.O. of the Company.

Mr. Rainier, who is also a member of the Board of Directors for I.C.A of Grupo A. Rainier, S.A. de C.V., has strong ties to the government and has developed the foundation of several revenue streams.

HERC's Chairman and C.E.O., Mr. S. Steven Carl, adds that "This acquisition gives a good footprint in the Mexican Republic (United States of Mexico) and Latin America from which to develop water and wastewater system projects in many major Latin American markets. HdM also has excellent relationships with CFE, PEMEX, AHMSA, (Altos Hornos de Mexico, S.A. de C.V.) Grupo Penoles, S.A. de C.V., CEMEX (Cementos Mexicanos, S.A. de C.V.), Grupo CARSO, S.A. de C.V., I.Q.C. (Industrias Quimicas de Cobre S.A. de C.V.), DuPont de Mexico S.A. de C.V., PETROBRAS, Petroleos de Venezuela in addition to other important companies that we expect to add to the list of customers that use our products and services."

The terms of the deal were a stock for stock exchange with 200,000 shares priced at $0.40 per share of HERC Products Restricted Common stock being given for 100% of the stock of Herchemistry, S.A. de C.V.

This press release contains forward-looking information. Readers are cautioned not to place undue reliance on any such forward-looking statements, each of which speaks only as of the date made. Such statements are subject to certain risks and uncertainties, which are disclosed in the Company's previously, filed SEC reports.

HERC Products Incorporated provides water and waste water system rehabilitation and renewal services, environmental tank cleaning and other corrosion control services utilizing its proprietary and patented chemistry and processes. HERC's patented chemistry and processes are currently used in cleaning, preservation and rehabilitation of marine, fire protection, potable water, industrial, wastewater treatment and other systems.

Contact Information