Lumonall, Inc.
OTC Bulletin Board : MLIC

April 12, 2007 11:32 ET

Lumonall and Prolink Enter Into Agreement

TORONTO, ONTARIO--(CCNMatthews - April 12, 2007) - Lumonall, Inc. (OTCBB:MLIC) (formerly Midland International Corp.) announced today that it has entered into an agreement with Prolink Holdings AS in Norway to acquire thirty (30) percent of the intellectual property rights for its specially-produced photoluminescent foil, used exclusively in the production of Lumonall products.

Lumonall has issued twenty (20) million shares of Lumonall, Inc. for the interest in the newly formed entity, Prolink Property Rights, a Norway-based organization controlled by Prolink International AS.

The twenty (20) million shares issued from treasury makes Prolink Holdings the largest single shareholder of Lumonall.

Prolink International's Frank Hoyen, Managing Director and Bjorn Pedersen, Sales and Development Manager, will join the Lumonall, Inc. Board of Directors as part of this transaction.

Frank Hoyen, Managing Director, has both law and economics degrees from the University of Oslo in Norway, and lectured on Public Economics for three years at BI, a private university in Norway. Mr. Hoyen was a consultant for the Norwegian Regional Development Fund in Oslo for five years, spent 11 years as the financial and city manager of Mo I Rana, a small city in northern Norway, as well as five years as the general manager of the Hospital in the same location.

He has also held various board positions during his career, in addition to currently residing on the boards of Prolink International, Prolink Holdings, Prolink Property Rights, and Chairman of the Board for Meglerhuset Mo AS, a real estate organization in Norway.

Bjorn Pedersen, Sales and Development Manager, has a strong background in fire safety. He has an engineering degree, as well as training as a Fire Consultant, Fire Fighter and Smoke Diver. Mr. Pedersen was a fire fighter for 12 years before joining Prolink, three years as a building/construction advisor, 10 years as a fire consultant, and one year as a Fire Marshall. He spent two years as Prolink's Managing Director, and has been its Sales and Development Manager for two years.

Mr. Pedersen has held various board positions, including Chairman of Rana Bygg og Betongservice, a building developer, H.O.K Eiendom AS, a real estate company, and Betongteknikk, a demolition company. He currently resides on the boards of Prolink International, Prolink Holdings and Prolink Property Rights, as well as sitting as the Chairman of the Board for a real estate organization, H.O.K Eiendom AS.

John Simmonds, Chairman and CEO of Lumonall, Inc., stated: "We are extremely pleased to have Frank and Bjorn join our Board, and look forward to their involvement in our North American business."

In addition, John Simmonds will join the Board of Prolink Property Rights in Norway.

About Lumonall, Inc.

Lumonall, Inc. is a global supplier of innovative photoluminescent (PLM) products, with a current concentration on Exit Signs and Safety Way Guidance Systems (SWGS). A supplier of "green" products and solutions, Lumonall concentrates first and foremost on Safety, Environmental issues and Cost savings.

The company leverages nearly 20 years of innovation and development in manufacturing, photoluminescent technology, and safety products. Using the company's proprietary PLM formulation, Lumonall intends to internationally market low cost, high performance photo luminescent Exit Signs and Safety Way Guidance Systems. The company's core strategy involves strategic alliances with those wishing to purchase licenses for Territories, Fabrication and New Product Development. The company's PLM formulation meets all current building code standards.

This press release contains forward-looking statements relating to future events and results that are based on Lumonall's current expectations. These statements involve risks and uncertainties including, without limitation, Lumonall's ability to successfully develop and market its business, consumer acceptance of its business and products, competitive pressures relating to price reductions, competition from other entertainment forms and overall market conditions. Consequently, actual events and results in future periods may differ materially from those currently expected.

Contact Information

  • Lumonall, Inc.
    John Simmonds
    President and CEO
    (905) 833-9845
    (905) 833-9847 (FAX)