SOLANA BEACH, CA, June 23 /PRNewswire-FirstCall/ - Armor Enterprises Inc.
(OTCBB: ARME).
Armor Enterprises Inc. announced today the negotiations between a
Strategic Partner of Armor and a USA company to provide the technology to
develop a new high-powered electric water pump to adapt to the power drive
systems of a wide variety of watercraft.
With the successful completion of an agreement between these two
companies, Armor will receive the rights from the Strategic Partner to adapt
the new advanced pump to Armor's electric propulsion system. This will allow
Armor to proceed with the significant Joint Venture between the Company and
Nova Communications announced June 17, 2004 and to aggressively proceed to
provide this new, high-powered, high-thrust, electric powered water pump
propulsion system for a wide variety of watercraft products worldwide.
"This new technology will allow Armor to move quickly in developing the
new electric water pump as part of its JV with Nova Communications," said
Merrill Moses, President of Armor Enterprises Inc. "By bringing this
technology together with the electronic propulsion system now available to
Armor we intend to provide the most efficient and powerful thrust systems
available for watercraft vehicles." About Armor Enterprises Inc.
Armor Enterprises Inc. is a leader in the design, manufacturer, and
distribution of electric battery power drive systems for land and water
vehicles.
To learn more about Armor Enterprises Inc. please visit us at www.armorelectric.com.
This media release may contain forward-looking statements regarding, but
not limited to, management, market potential, distributor success, market
size, international sales, marketing, future events and performance of the
Company which involve risks and uncertainties that could materially affect
actual results. Investors should refer to documents that the Company intends
to file with the SEC for a description of certain factors that could cause
actual results to vary from current expectations and the forward-looking
statements contained in this media release.
SOURCE Armor Enterprises Inc.
-0- 06/23/2004
/CONTACT: Investor Relations, e. acg01@cablelan.net/
(ARME)
CO: Armor Enterprises Inc.
ST: California
IN: AUT
SU: PDT
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Due Da Due......But Be Quick About It!!!!!
DaDog
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