Napier Environmental Technologies Inc.
TSX : NIR

Napier Environmental Technologies Inc.

August 26, 2005 18:52 ET

Napier Environmental Technologies Inc.: The Company Reports Second Quarter 2005 Results

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 26, 2005) - Napier Environmental Technologies Inc. (TSX:NIR) is reporting its financial results for the six months ended June 30, 2005. The six months unaudited consolidated financial statements along with Management's Discussion and Analysis as at and for the six months ended June 30, 2005 were filed today. Interested parties may access these documents at www.sedar.com or the company's website at www.napiere.com under "investor info/financial reports".

The company is primarily engaged in the development, manufacture and distribution of environmentally advantaged paint removal products and wood restoration products for both the industrial/commercial market and the consumer/retail market.

Steve Balmer, President

This release and referenced materials contain forward-looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Such factors include, among others, risks related to the going concern status of the company, historical losses and cash flow, the future need for capital and the uncertainty of additional financing being available, the current cease trade orders imposed on the company, the possible de-listing from the Toronto Stock Exchange, the potential dilution to shareholders, the volatility of the market price of the common shares, the historical lack of dividend payments, competition, dependence on key personnel, dependence on key customers, weather, seasonality and economic cycles, the availability of raw materials, the retail industry and the influence of economic conditions and consumer behaviour, exchange rate fluctuations and conflicts of interest. For further details regarding such risk factors, see the section entitled "Description of the Business - Risk Factors" in the company's annual information form dated August 26, 2005 and filed with the British Columbia and Ontario securities commissions and the Toronto Stock Exchange which can be found on SEDAR at www.sedar.com. Although the company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.


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