SOURCE: ILI Technologies (2002) Corp.

April 25, 2007 12:50 ET

ILI Technologies Acquires New Facility and Expands to China

CALGARY, AB -- (MARKET WIRE) -- April 25, 2007 -- ILI Technologies (TSX-V: ILI) is pleased to announce that the company has acquired a newly constructed 7,200 sq ft facility in Gillette, Wyoming. Due to recent sales growth and increasing demands on inventory, manufacturing, and testing requirements, ILI outgrew its previous facilities in Gillette. This new facility will consolidate the company's operations under one roof rather than two separate buildings, thus allowing for better inventory control and improved performance and efficiencies. The new facility is about 2,000 sq ft larger than ILI's current facilities and includes 1.6 acres of land for future expansion needs. The new building also improves the visibility, look and credibility of ILI's subsidiary CBM Pumps and Services Inc. There is no significant direct impact to costs or savings with the new facility.

ILI Technologies is also pleased to announce that the company has opened a Rep office in Shanghai, China and has hired a procurement manager. This office will assist ILI in facilitating delivery of product from China on a more regular schedule and will save the company in carrying costs and space.

ILI Technologies (2002) Corp. is a high technology company, whose principal business is to develop, manufacture and market oil and gas industry Information Technology (IT) and Operational solutions that improve business performance. ILI's business development efforts have shown excellent results, with the addition of a number of new customers from our CBM Pumps and Services Inc. acquisition and the addition of new sales, management and service teams in our offices in Alberta, Texas and Wyoming.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • For further information, please contact:
    Serge Bonnet
    ILI Technologies (2002) Corp.
    Phone: (403) 543-0060
    Fax: (403) 543-0069
    E-mail: Email Contact