SOURCE: QuadTech International, Inc.

May 02, 2006 09:00 ET

QuadTech in Advanced Negotiations to Sign 3-Year Exclusive Worldwide Sales and Marketing Agreement for Mine-Safety Technologies

VANCOUVER, BC -- (MARKET WIRE) -- May 2, 2006 -- QuadTech International, Inc. ("QuadTech") (OTC BB: QTII) announced today that it is in advanced negotiations to sign a 3-year exclusive worldwide sales and marketing agreement for mine-safety technologies.

Under the terms of the proposed agreement, QuadTech would acquire all proceeds generated from the sale of the mine-safety technology and services for the next 3 years. QuadTech would pay a one-time non-refundable license fee for the exclusivity, and non-refundable pre-payments on future sales for the mine-safety licenses and professional services. The agreement is automatically renewable for another 3-year term. The mine-safety intellectual property owner will be responsible for product manufacturing, research and development, customer support, and system installation and deployment. QuadTech would also honor all of the mine-safety technology current and in-progress distribution agreements.

"QuadTech seeks to expand into emerging technologies, and is very excited about the conclusion of this agreement," said John Meier, president and CEO of QuadTech.

About QuadTech International, Inc.

QuadTech International is a global provider of mine-safety solutions. The company is comprised of professionals, engineers, and developers dedicated to providing a safer work environment for the mining industry around the world. For more information, please visit

Legal Notice Regarding Forward-Looking Statements: Forward-looking statements in this news release are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. Investors are cautioned that statements in this news release that are not strictly historical statements, including without limitation, management's plans and objectives for future operations and management's assessment of market factors, and statements regarding the strategy and plans of the company and its strategic partners, constitute forward-looking statements. These forward-looking statements are not guarantees of the company's future performance and are subject to a number of risks and uncertainties that could cause the company's actual future results to differ materially from those set forth in these forward-looking statements.

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