SOURCE: ILI Technologies (2002) Corp.

April 21, 2008 11:30 ET

ILI Technologies Receives Exclusive Distribution Rights in China for Thermoflex Tubing

CALGARY, AB--(Marketwire - April 21, 2008) - ILI Technologies (TSX-V: ILI) is pleased to announce that it has received exclusive distribution rights for Thermoflex Tubing and associated connectors in China. This is a major development for ILI as it opens up a very large new sales region in a country that is experiencing increased oil and gas activity to meet growing demand for energy. The signing of this distribution agreement will allow ILI to capitalize on its office opened up in Shanghai, China last year.

Thermoflex Tubing is currently being used to replace old flowlines which are in need of replacement or repair as well as by companies looking for longer-lasting and more efficient methods of flowlining new wells. The product has been proven to be quick and easy to install and can withstand pressure and corrosion better than standard piping methods.

In Mexico, ILI Technologies has also recently incorporated a new Mexican subsidiary. Many sales opportunities in Mexico are only available to Mexican registered companies and this new subsidiary will enable the company to bid on these projects. ILI is presently negotiating on several large potential contracts in the Mexico region.

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. ILI Technologies (2002) Corp. is also in the process of developing other new product lines to add to its suite of existing products.

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
    President
    ILI Technologies (2002) Corp.
    Phone: (403) 543-0060
    Fax: (403) 543-0069
    E-mail: Email Contact
    Website: http://www.ilitech.com