SOURCE: Speedteq-Ti, Inc.

June 29, 2005 06:30 ET

Speedteq-Ti Increasing Its Titanium Supply

PHOENIX, AZ -- (MARKET WIRE) -- June 29, 2005 -- Speedteq-Ti, Inc., a publicly traded company (OTC: SDTQ) and manufacturer of high-strength, affordable titanium fasteners for the motorcycle, automotive and marine after-market, has been sharply increasing new inventory of its new Ti200 High Strength Titanium Alloy. Advisory Board Member, Dr. Paul Bania, the Managing Member of Ti-Pro LLC. (Affiliate of "Timet" Titanium Metals Corporation) and an authority and leading expert of Titanium manufacture and the Titanium markets, is quoted saying: "Material supply is very tight and prices have gone up substantially in the past twelve months. Currently, much of the Titanium sold by mill producers is under "PIE" terms (price in effect, at time of shipment)."

Bradley Miller, CEO of Speedteq-Ti, stated, "We will enjoy improved margins, since our good timing in procuring material has off-set much of the price increases experienced over these past several months. We also see this as a considerable advantage over any potential competitor due not only to our supplier agreements, but also the broad range of available stock that will soon be on-hand."

About Speedteq-Ti

Speedteq-Ti is a manufacturer of high-strength, affordable titanium fasteners. Speedteq-Ti's fasteners, which include bolts, nuts, socket caps, studs and washers, are made in America. The company has offices and a manufacturing facility in the metropolitan Phoenix, Arizona area. For more information on Speedteq products and services, visit their website: www.speedteq.com

Special Note 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.

Contact Information

  • For more information on Speedteq-Ti, please contact:

    Investor Relations
    Andrew Wilcox
    1.888.646.5677
    Email Contact
    speedteq.com