Ikona Gear International, Inc.
OTC Bulletin Board : IKGI

October 12, 2006 09:00 ET

Ikona to Exhibit New Gearing Products at Permian Basin International Oil Show

COQUITLAM, BC--(CCNMatthews - October 12, 2006) - Ikona Gear International, Inc. (OTCBB: IKGI) ("Ikona"), an innovator in compact, lightweight, gearing systems solutions, announced today that it will be exhibiting its new gearing products for the oil industry at the upcoming 2006 Permian Basin International Oil Show.

Billed as "The World's Largest Inland Petroleum Exposition," the show will be held at the Ector County Coliseum Complex in Odessa, Texas on October 17, 18 and 19, 2006. Ikona will be located at booth E 23 and will exhibit dedicated oil & gas field machinery product designs for mud pump drives and drawworks.

Ikona COO George Stefan will attend the Odessa show with Ikona's Vice President of Business Development, Vladimir Scekic. Visitors to the Ikona booth at the Odessa show are invited to talk with Ikona's senior management team, access printed materials, and watch animated presentations of Ikona products.

"Our compact and lightweight products offer reduced maintenance requirements, competitive prices, and the best warranty in the industry -- six months longer than the competition," said Stefan. "This helps drilling companies with reducing their capital investments, operating costs, and rig relocation costs.

"As a direct result of the contacts established at the Global Petroleum Show in Calgary, AB, June 13-15, 2006, we received our first oil & gas orders, which currently are either delivered or in process of manufacturing for delivery in December 2006 and January 2007. We have successfully delivered two complete prototype gearboxes within 9 weeks from receipt of the order against an industry standard of 12 to 14 weeks delivery, thus demonstrating Ikona's superior time-to-market abilities and the strength of our supply chain."

About the Permian Basin Show

The Permian Basin International Oil Show, Inc. brings together people from every phase of the petroleum industry. Oil & Gas Leaders come to Odessa, Texas from every corner of the world to learn about the latest technology, the newest equipment, and to transact business and renew friendships. For more information go to www.pbioilshow.org.

About Ikona Gear International, Inc.

Ikona Gear is a knowledge-based company 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/.

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