SOURCE: Ikona Gear International

September 11, 2008 09:45 ET

Ikona Executes Second North American Distribution Agreement

COQUITLAM, BC--(Marketwire - September 11, 2008) - Ikona Gear International, Inc. (OTCBB: IKGI) ("Ikona"), an innovator in compact, lightweight, gearing systems solutions, today announced that it entered into a distribution agreement with The Land Rig Clearinghouse, LLC, based in Frisco, Texas.

Under the terms of the agreement, Land Rig Clearinghouse will distribute Ikona's oil and gas field products, including the innovative Ikona Drawworks. Land Rig has significant industry expertise in business development and as a provider of new technology to prospective purchasers of new drilling rigs and rig components manufactured and sold by companies in the U.S., Canada and other world markets.

"We are pleased to introduce Ikona Gear International, Inc. to members of the oil and gas world marketplace," commented Land Rig's President, Jon Snowgren. "Ikona has already designed and is now building the next generation of drawworks, a compact, u-shaped design featuring an AC drive. The new drawworks is well suited for drilling application that require 'quick-move-rigs' as a lightweight product with a small footprint increases the mobility required in many areas of the expanding oil and gas markets," added Snowgren.

"We are confident Jon and his organization will do an outstanding job of introducing our products to oil and gas drilling companies and to rig integrators," said Ikona President Laith Nosh. "Land Rig has an excellent reputation and a strong presence within the domestic and international oil and gas sector, which will assist us with our internal sales and marketing goals."

The Land Rig Clearinghouse, LLC is a private company founded in 2005 as a result of a significant increase in demand for drilling rigs. The Land Rig website, www.landrigclearinghouse.com, is visited by companies in more than 60 countries worldwide and will provide Ikona Gear with an excellent platform to present its products to the global market.

About Ikona Gear International, Inc.

Ikona Gear is a focused on the design and manufacture of innovative and patented solutions for gearing and power transmission applications, a $100 billion market. The Ikona gear system is better, stronger, more precise and generally superior to standard gearing systems. The company's unique, patented technology is ideally suited for deep ratio, weight and size constrained applications where often it is the only solution. The Ikona gear technology is the only technology that enables internal gear-sets with only one tooth difference, resulting in a much higher meshing of gears, and significantly higher gear ratios -- very important factors, especially in plastic gearing solutions. Ikona trades on the Over the Counter market under the symbol "IKGI" and on the Frankfurt Exchange under the symbol "IG2." For more information on Ikona, please visit www.ikona.ca/.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.

Contact Information

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    Scott Rose
    Ikona Gear International
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