SOURCE: IO Circuit

July 03, 2007 06:35 ET

Investment News Alerts Announces nCoat (OTC BB: NCOA) Has Completed Acquisition of Metallic Ceramic Coatings, Inc., Known as JET-HOT®

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO Circuit.

LAKE HARMONY, PA--(Marketwire - July 3, 2007) - nCoat, Inc. (OTCBB: NCOA) announced this week that it has successfully completed the acquisition of Metallic Ceramic Coatings, also known under the brand of JET-HOT® Coatings. nCoat is an emerging nanotechnology company focused on development and marketing of coatings applied to metal, ceramics, fabric, and other materials. JET-HOT® is a market leader in header coatings applications, offering thermal barrier, lubritic and corrosion resistance for all types of vehicles. This acquisition adds JET-HOT® to other nCoat holdings that include nTech, Inc. and High Performance Coatings, Inc. (HPC). "This business combination strengthens the market position of both companies in the transaction," said Paul Clayson, CEO of nCoat. "When integrated with our first acquisition, HPC, we expect to see benefits to shareholders for both companies including integration of nCoat nano-formulas into product lines, consolidated expenses, cross selling to each company's different customers, up-selling the world-class products of each company, and establishing the best practices identified in each separate company as standard operating procedure."

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