TineLok to Revolutionize the Motorsports Industry

The results? This year, TineLok fasteners performed as designed, never once letting go throughout the entire race. We believe this success is a victory for TineLok, the SCORE Baja 1000 Challenge and motorsports safety.

We believe our products performance may lead to TineLok becoming a standard fastener in motorsports vehicles of all kinds in the future, although we can provide you no assurance our products performance will lead to our product being accepted as a standard fastener, or any sales, revenues or profit.

"This is revolutionary, I can't wait to see what the future holds for this amazing new fastener," says Ryan F. Hill, General Manager of Hillco Fastener Warehouse ofGarden Grove, California, a major supplier of fasteners worldwide. "TineLok fasteners were installed as shock-mount bolts in the recent Baja 1000 race. The bolts were exposed to a brutal beating, bouncing and pounding through the rugged desert terrain."

"Drivers were all highly impressed by the durability of TineLok -- they never broke, never loosened and never failed. Installation, removal and replacement was a snap too, which came in handy for roadside repairs. One team made a quick shock absorber switch -- with no special tools -- then got the car back on the road to continue racing. If the racers we talked to are any indication, Permanent Technologies has a real winner here," said Hill. Although Mr. Hill's comments are satisfying to us, you should not place undue reliance on these statements, and these statements should not be construed as an indication of our products market viability or acceptance.

"We are really thrilled with the way TineLok performed in the conditions of off-road desert racing in the Baja Challenge. We believe there may be many applications that demand the safety, reliability and security that we believe TineLok delivers in high-vibration situations," said Permanent Technologies CEO, Loren Ball.

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 http://www.TineLok.com.

Forward Looking Statements:

This press release contains certain "forward-looking" statements, as defined inthe 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.

SOURCE Permanent Technologies, Inc.

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