SOURCE: Permanent Technologies, Inc.

Permanent Technologies, Inc.

May 04, 2011 08:00 ET

Permanent Technologies Assesses Market Potential for TineLok Through Licensing and Royalty Agreements With Established and Proven Channels of Distribution

Permanent Technologies, Inc. (PERT) Is Evaluating Established Fastener Distributors Across the United States to Commercialize the TineLok Vibration Proof Fastening System

HUNTINGTON, NY--(Marketwire - May 4, 2011) - Permanent Technologies (PINKSHEETS: PERT) announced that it is pursuing a sales and marketing strategy of non-exclusive licensing of TineLok to domestic fastener distributors as a means of faster and more efficient commercialization of its products.

Patrick Tremblay, Permanent Technologies, Inc. CEO said, "TineLok is an innovative product that has the potential for broad acceptance in the vibration proof fastener market and which we believe to be superior to any other similar product in the market today. Our goal in leveraging our partners' expertise, existing customer base and well established channels of distribution is to commercialize our products and earn returns for our investors faster than we could by ourselves."

"Permanent Technologies holds numerous domestic and international patents for TineLok's innovative vibration proof fastener technology. Our plan is to capture a portion of the 55 billion dollar global industrial fastener market as quickly and as effectively as we can."

About Permanent Technologies, Inc.

Permanent Technologies is the inventor and manufacturer of the award winning TineLok Fastening System -- a family of fasteners that are designed to hold tight in the most demanding, extreme and harshest conditions, environments and applications.

The TineLok Fastening System's vibration‐proof, self‐locking technology is an affordable alternative to traditional fasteners when increased safety, reliability, operating life and reduced maintenance is desired or required.

The Company has been granted numerous patents both in the U.S. and internationally for the TineLok technology. For more information please visit www.TineLok.com.

Forward Looking Statements:

This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward‐looking public statements concerning its expected future operations, performance and other developments. Such forward‐looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such

Forward-looking statements. It is impossible to identify all such factors, factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete an acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company's public announcements.

This press release is provided for information purposes only and is not intended to constitute an offer to sell or a solicitation of an offer to buy securities.

Contact Information

  • Contact Information:
    Permanent Technologies, Inc.
    Patrick Tremblay
    email: Email Contact
    phone: (917) 692-9080