SOURCE: Speedteq-Ti, Inc.

July 27, 2005 08:30 ET

Speedteq-Ti Receives Financing Agreement

PHOENIX, AZ -- (MARKET WIRE) -- July 27, 2005 -- Speedteq-Ti, Inc. (OTC: SDTQ), a manufacturer of high-strength, affordable Titanium fasteners for the motorcycle, automotive and marine after-market, announced today that Elco Bank and Trust has initiated its first round of financing for Speedteq-Ti. The terms of the financing call for a unit consisting of one restricted share of common stock priced at $.50 and one common stock purchase warrant exercisable at $0.75 for a period of two years. The minimum investment is 20,000 shares and the private placement is on a best efforts basis. Elco Bank & Trust is offering the financing to its clients. Elco Bank & Trust is located at Loyalist Plaza, Don Machey Boulevard, Marsh Harbour Abaco, Bahamas.

"The initiation of this financing is a major step forward for Speedteq as it will allow us to purchase more Titanium and expand our manufacturing capabilities to better meet our increasing customer demands," said Eric Hutton, CFO of Speedteq-Ti, Inc. "We look forward to a continuing relationship with Elco Bank & Trust.

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.

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