Diversified Thermal Solutions, Inc.

February 28, 2005 09:30 ET

Refractory and Industrial Supply Group, Inc., a Subsidiary of Diversified Thermal Solutions, Announces the Acquisition of Freeport Brick Company, Kittanning Brick Company and Free MaDie Company


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: DIVERSIFIED THERMAL SOLUTIONS, INC.

OTC Bulletin Board SYMBOL: DVTS

FEBRUARY 28, 2005 - 09:30 ET

Refractory and Industrial Supply Group, Inc., a
Subsidiary of Diversified Thermal Solutions, Announces
the Acquisition of Freeport Brick Company, Kittanning
Brick Company and Free MaDie Company

MEMPHIS, Tenn.--(CCNMatthews - Feb 28, 2005) -

Diversified Thermal Solutions announced today completion of the
acquisition effective January 31, 2005, of two refractory brick
manufacturing facilities and a state of the art machine and die
operation located in Pennsylvania. The purchase price was undisclosed
and secured through traditional bank financing. Each of the three
separate facilities are located a short distance from Pittsburgh, in the
towns of Freeport and Kittanning.

John Curry of Diversified Thermal Solutions had this to say, "We are
excited to complete this strategically important acquisition, which
furthers our goal of becoming a service driven provider of quality
refractory brick. The refractory manufacturing facilities will provide
Refractory and Industrial Supply Group, Inc. (RISG) with a complete line
of clay and high alumina brick used in the aluminum, cement and lime,
iron and steel and all other pyro-processing industries. Consisting of
over 250,000 square feet, the combination of Freeport and Kittanning
Brick Companies will give us one of the largest production capacities in
North America. We will initially focus on improving plant efficiencies,
quality, and brand awareness as we work to secure private labeling
opportunities and expand our distribution network."

Free MaDie Company (FMC) is a modern, full service machine and die shop
that designs, engineers, manufactures and repairs the dies required for
the pressing of refractory shapes. FMC shop capabilities include
machining, fabricating, precision grinding, Blanchard grinding,
precision engraving, small hole drilling, and heat treating. In addition
to producing all mold and die requirements for Freeport and Kittanning
Companies, FMC produces and markets a line of ultrasonic testing blocks
used to calibrate processes by a number of industries, including
electronics and communications. FMC has begun offering subcontract
machining services to the growing optoelectronics industry in the
immediate area of the facility.

Curry further states, "In our opinion, the combination of Freeport,
Kittanning, and Free MaDie Companies along with our previous acquisition
of RIS Precast creates a full service capability to compete with all
current suppliers of clay and high alumina refractory shapes in the U.S.
market."

For more information on the company, visit
www.diversifiedthermalsolutions.com, www.kittanningbrick.com,
www.freeportbrick.com, www.free-madie.com.

Safe Harbor Statement

These statements constitute forward-looking statements (within the
meaning Private Securities Litigation Reform Act of 1995), which involve
significant risk and uncertainties. A variety of factors could cause
actual results and experience to differ materially from the anticipated
results or other expressed in such forward-looking statements.

DVTS does not assume any obligation to update these forward-looking
statements. Factors that could cause such a difference include, but are
not limited to general economic and market conditions, the business
opportunities (or lack thereof) that may be present to and pursued by
the Company, changes in laws or regulations affecting the Company, and
other factors, most of which are beyond the control of the Company.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Diversified Thermal Solutions Inc., Memphis
    B. Grant Hunter, 901-365-6632