SOURCE: Media Holdings International

August 11, 2008 09:06 ET

Media Holdings International Inc. (MDHG): Wholly Owned Subsidiary, AeroQuest Technologies, Announces That It Has Signed a Non-Disclosure Agreement

SALT LAKE CITY, UT--(Marketwire - August 11, 2008) - (PINKSHEETS: MDHG) -- AeroQuest Technologies is pleased to announce that it has signed a non-disclosure agreement with one of the United States major manufacturers of truck and delivery van bodies as a precursor to a prototyping project with the goal of producing light-weight composite van bodies for its customers. AeroQuest is considered the prime candidate for the manufacturing contract as it is the only company in the field to offer not only thermo-plastic composite van bodies in kit form but engineering and prototyping capabilities as well, and whose products are recyclable; a major component of the contract. The manufacturing contract when realized will consist of approximately 2,000 units in the first year with a value of nearly $10,000,000 to AeroQuest.

AeroQuest's technology consists of the ability to produce strong, ultra-light fiber-reinforced thermoplastic composite sandwich panels, that when combined with AeroQuest's Chassis-less Transportation Vehicle patent allow all types of transportation vehicles to be produced without a chassis or frame resulting in vehicles that are 30%-50% lighter than those made from current materials and technology.

Commercial trailers, truck and van bodies, motor homes, travel trailers, 5th wheel trailers, folding trailers, sport utility trailers, livestock trailers and utility trailers greatly benefit from AeroQuest's patented and patent pending, light-weight technology. As fuel prices continue to escalate, the markets served by the AeroQuest technology and patents will benefit greatly as the ultra-lightweight products will significantly reduce fuel consumption for the consumer.

As a result of this exciting new technology, AeroQuest won the prestigious "2007 Utah Innovations Award for Outstanding New Technology." The company's patented products will now be offered to various market segments that are in excess of three billion dollars annually. This new and exciting technology will be "Shaping the Future."

For complete information on the Company including financial information please go to our web site: www.aeroquesttechnologies.com. To purchase shares in Media Holdings, have your Broker contact our Market Maker, symbol "HILL."

Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the company's actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings and other risks.

Contact Information

  • Contacts:
    Investor Relations
    801-560-6680

    Jack Halperin
    Sec. & Corporate Securities Attorney
    212-695-3240