SOURCE: Hitor Group

March 19, 2013 11:36 ET

Hitor Group, Inc. Executes Licensing Agreement in Russia

KIRKLAND, WA--(Marketwire - Mar 19, 2013) - Hitor Group, Inc. (OTCQB: HITR) (BERLIN: HTO) -- Hitor Group Inc. is pleased to announce it has executed an agreement with Vida Nova LLC. Ltd. for the Hitor technologies including the Patented Nano Tire Recycling Technology (wood replacement, tire crumbing), Structural Steel Systems™ and other Hitor technologies.

"It makes good business sense to selectively form strategic partnerships with companies in regions that we feel it would take several years to create the same inroads with local governments and familiarize ourselves with regional markets. We provide these partners with the technology to become competitive and in return receive a one-time technology license fee, annual residual license fees, a Royalty on gross sales, consulting fees and material orders. We also receive the opportunity to participate in a potential Housing Development Projects. These technologies represent the future of home building and will take their place in the market by virtue of economic viability and quality. Additionally we help people of the world achieve a better life style, and give them a home." Ken Martin

About Hitor Group
Hitor Group is an industry leading Environmental Technology Accelerator that delivers best-in-class 'green' technology solutions for a better world. Hitor applies capital and best-in-class business practices to integrate green technologies, expand distribution channels, and catalyze rapid and profitable growth. Synergistic and proprietary technologies that can provide viable economic solutions to serve commercial markets along with developing communities are sourced worldwide. The global demand for solutions to these challenges has never been greater and at the same time innovations in technologies for solutions have arrived. Our goal is to bring these applications to this growing market segment and create shareholder value. To learn more about The Hitor Group, please visit our website at www.hitorgroup.com

Forward-Looking Statements
Any statements that are not based on historical fact are forward-looking statements. Although such statements are based on management's current estimates and expectations, and currently available competitive, financial, and economic data, forward-looking statements are inherently uncertain. We, therefore, caution the reader that there are a variety of factors that could cause business conditions and results to differ materially from what is contained in our forward-looking statements. For a description of some of the factors which may occur that could cause actual results to differ from our forward-looking statements please refer to our most recent Form 10-K, and in particular the discussions contained under Items 1 - Business, 1A - Risk Factors, 3 - Legal Proceedings, and 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations.

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