ILI Receives Purchase Order for 2 New Pipeline Projects

CALGARY, ALBERTA--(Marketwire - Aug. 16, 2011) - ILI Technologies (2002) Corp. (TSX VENTURE:ILI) is pleased to announce that its 100% wholly owned Mexican subsidiary Cdn Oilfield Technologies & Solutions S. de R.L de C.V. ("COTS") has received a new purchase order for the supply and installation of 2 new pipeline projects in Mexico. The previous pipeline project for the sale and installation of 1.863 km is complete and tested to Pemex specifications, once again exceeding expectations of the state owned oil and gas producer.

The new projects are for the supply and installation of Flexsteel™ Pipeline Products 3" Ansi 600 flexible pipe and connectors representing 320 meters and 998 meters, totalling 1.318 km in length. The projects form part of an installation program adopted by Pemex and are to commence immediately with completion in approximately 2 to 3 weeks.

Phil D'Angelo states, "COTS continues to build a strong presence in Mexico with new projects being awarded and implemented on an increasing basis. We are excited about forward looking prospects that will change the dynamics of the company. We accept new challenges and take on projects that cannot be considered for traditional steel pipe. We install pipe over mountains, through swamps and often go where no other pipe has gone before. A lot of hard work and dedication has gone into earning the respect of our clients and we look forward to continued success".

Reader Advisory

Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, forward-looking information in this press release includes, but is not limited to, anticipated sales of the company and completion of installation projects. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and Mexico and globally; industry conditions, governmental regulation, including environmental regulation; unanticipated operating events or performance; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; competition for, among other things, capital, skilled personnel and supplies; changes in tax laws; and the other industry and geographic specific risk factors. Investors are cautioned that this list of risk factors should not be construed as exhaustive.

The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Investors are cautioned not to place undue reliance on forward-looking information.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state of the United States or any other jurisdiction outside of Canada in which such offer, solicitation or sale would be unlawful. The securities have not been registered under the U.S. Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act of 1933 and applicable state securities laws.