SOURCE: NexTech FAS

January 31, 2008 08:01 ET

NexTech FAS Provides Corporate Update to the Financial Community

AUSTIN, TX--(Marketwire - January 31, 2008) - NexTech Solutions, Inc. and FAS Holdings Group, LLC, doing business jointly as "NexTech FAS" (PINKSHEETS: NXSL), are pleased to provide this corporate update which outlines the recent acceleration in the company's current business trends, with comments from NexTech FAS president and CEO, Tony DiNapoli.

Some highlights from the last two quarters of 2007:

--  5 (five) Advantage II Extrusion Coating systems were delivered to a
    large Chinese manufacturer of Flat Panel Displays for use in their LCD
    production line (http://www.fas.com);
--  Announced that Hakuto Co. Ltd. (TSE#7433), one of the most highly
    respected distributors and manufacturers in the electronics industries,
    made a $1M investment in the company
    (http://www.hakuto.co.jp/english/irinfo/stocks/);
--  Plastic electronics leader, Plastic Logic Limited
    (http://www.plasticlogic.com), placed a multimillion dollar product order
    for the company's Advantage IV Extrusion Coater Line;
--  The company received multiple orders from a leading organic light-
    emitting diode (OLED) process development company for its Advantage II
    Extrusion Coating system; and
--  The company engaged Mercom Capital Group to spearhead its investor
    relations initiatives.
    

Since the new year, the company has:

--  Completed a joint venture, the first step and a major milestone in the
    merger transaction between the two companies;
--  Announced a ticker symbol change to NXSL as a result of a reassignment
    by NASDAQ;
--  Announced a follow-up order from Plastic Logic Limited for
    NexTStar™, a stand-alone automated optical inspection system (AOI) to be
    incorporated into Plastic Logic's manufacturing line of flexible organic
    active matrix displays; and
--  Appointed Dean J. Childers to the management team as the new chief
    financial officer (CFO).
    

NexTech FAS president and CEO, Tony DiNapoli, stated, "Recent trends within the company's orders have shown a marked acceleration over the past few months. We are generating significant interest in the marketplace for our products on both the coater and AOI side." DiNapoli added, "As a result of recent developments, we anticipate that 2008 will be a milestone year for the company and its shareholders. We also very much appreciate the continued support we have been receiving from our shareholders and stakeholders during our joint-venture process, and look forward to translating our successes into shareholder value."

About NexTech FAS and NFJV, LLC

NFJV, LLC, doing business as "NexTech FAS," is the operating company of NexTech Solutions, Inc. (http://www.nxts.com) and FAS Holdings Group, LLC (http://www.fas.com). NexTech FAS is a Delaware limited liability company, headquartered in Austin, Texas, with facilities in Dallas and Tokyo. The company is widely recognized in the industry for the development of digital fluid dispensing and a patented extrusion coating (spinless coating) technology known as "FAS-Coat," which has become the de-facto standard in the coating processes used in the manufacture of FPDs. The company also delivers advanced metrology and automation solutions, and is the first to deliver a turn-key solution for manufacturing lines in both the semiconductor and FPD industries. NexTech FAS' stock is quoted on the Pink Sheets under the symbol NXSL. For more information, visit: http://www.nextechfas.com.

Forward-Looking Statements

This release may include forward-looking statements that involve risks and uncertainties. Any forward-looking statements and all other statements that may be made in this news release that are not historical facts are subject to a number of risks and uncertainties, and actual results may differ materially. Specific risks include delays in new product development, product performance and quality issues and the acceptance of our current and new products by the FPD and semiconductor markets.

Contact Information

  • Investor and Public Relations Contact:
    Mercom Capital Group, llc
    1-512-215-4452
    Email Contact