About Coattec Industries, Inc.

Coattec Industries, Inc. has an exclusive license to manufacture and market EETC Ltd.'s technology and products in North America. The technology consists of a number of proprietary formulas for polyurethane and polyacrylit based coatings in an environmentally safe and friendly manner. The technology allows for application of a multi use chemical materials with characteristics combining resistance to fire and ultra violet rays, flexibility and pliability as well as abilities to hold color and finishes for long periods of time. The material is used as both a coating product and process that is capable of hosting important additives such as coloration, antibacterial materials, electric conductive materials, as well as a raw material used in manufacturing products such as vapor barriers for housing which are effective substitutes for tar-lined paper and alike products with greater elasticity and equal or superior performance characteristics and generally improved cost economies.

This press release includes forward-looking statements and projections, made in reliance on the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The company has made every reasonable effort to ensure that the information and assumptions on which these statements and projections are based are current, reasonable, and complete. However, a variety of factors could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this release. For a brief discussion of the risks and uncertainties that may affect our business and future operating results. Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated or expected, or described pursuant to similar expressions.

SOURCE: Coattec Industries, Inc.

Coattec Industries, Inc.
Bernd Meinecke, 425-646-8500

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BELLEVUE, Wash., Nov 8, 2004 (BUSINESS WIRE) -- Coattec Industries, Inc. (Pink Sheets: CTCX) is pleased to announce plans for entering the roofing foil and house-wrap production and marketing in the United States based on the know-how obtained through the recently signed license agreement with European Environmental Technology Corporation (EETC), Ltd.

Coattec-CTCX plans to immediately commence a market and geographic study for their US site to manufacture and distribute their line of roofing foils and house-wrap under their brand name DIFFLEX. Coattec-CTCX anticipates commencement of North American operations by the first quarter 2005. The market in North America for Coattec's DIFFLEX products is estimated at over a billion dollars. The current US market is dominated by Dupont (NYSE D) and its Tyvek brand in the house wrap and roofing foil products; Coattec believes their products offer a superior alternative to this product. The DIFFLEX product is based on a coated PP textile foil with better properties in regard to tear and noise, both very important factors in the building industry. As well DIFFLEX technology has a significant antibacterial component; in reaction with air humidity it forms a Ph value on the surface of the foil of 12 to 14! Because of these benefits Coattec is extremely confident in the US market.

In addition to the housing markets Coattec coatings have multiple consumer and industrial applications to be exploited at a later stage, for example for filtration products that have under gone significant testing in the UK and Japan, (98%-99.5% effective elimination of bacterial properties).

Coattec potential clients in the USA are:

-- Home Depot (NYSE:HD)

-- Allied Building Products

-- Lowe's (NYSE:LOW)

-- 84 identified Lumber Company

-- Lumber Building Centers

-- Other regional wholesalers and construction companies.

Coattec is in the process of implementing an effective communication structure for investors and customers. Additional information will be forthcoming in the very near future.

About Coattec Industries, Inc.

Coattec Industries, Inc. has an exclusive license to manufacture and market EETC Ltd.'s technology and products in North America. The technology consists of a number of proprietary formulas for polyurethane and polyacrylit based coatings in an environmentally safe and friendly manner. The technology allows for application of a multi use chemical materials with characteristics combining resistance to fire and ultra violet rays, flexibility and pliability as well as abilities to hold color and finishes for long periods of time. The material is used as both a coating product and process that is capable of hosting important additives such as coloration, antibacterial materials, electric conductive materials, as well as a raw material used in manufacturing products such as vapor barriers for housing which are effective substitutes for tar-lined paper and alike products with greater elasticity and equal or superior performance characteristics and generally improved cost economies.

KEY LINE

quote:

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Originally posted by Waveslider:
Coattec is in the process of implementing an effective communication structure for investors and customers. Additional information will be forthcoming in the very near future.

KEY LINE

NEWS WILL BE SOON

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quote:

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Originally posted by Waveslider:
Coattec is in the process of implementing an effective communication structure for investors and customers. Additional information will be forthcoming in the very near future.

KEY LINE

NEWS WILL BE SOON

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I always buy for the 100% to 200% percent range.

and it all really counts on what the company has to say in a pr.

but they do have a means for income.