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Car Show and Drag Race Highlight April 6th Festivities in North Carolina
nCoat, Inc. (OTCBB: NCOA) ("nCoat" or the "Company"), a nanotechnology coatings company and High Performance Coatings, Inc. ("HPC") will hold their official grand opening at their new headquarters plant in Whitsett, North Carolina on April 6th, 2007. HPC is a wholly owned subsidiary of nCoat, Inc., a 25-year-old Oklahoma company that was founded on the sales of thermal barrier, corrosion resistant, lubritic and appearance high performance coatings for the motor sports industry. nCoat has expanded HPC's market-base to include manufacturers of commercial trucks, RVs, defense applications, motorcycles, aerospace components, aviation parts, oil and gas industry suppliers, energy producers and other sophisticated users, while continuing to provide coatings and services to the after-market customer.
On August 14, 2006, nCoat announced plans to open their new plant strategically located just off I-40 midway between Charlotte, NC and Richmond, VA. Public officials from the state of North Carolina joined nCoat executives at this announcement to introduce the North Carolina Nanotechnology Roadmap for nanotech growth.
Since that announcement, Management has worked diligently to execute the speedy transition into the new nCoat and HPC joint corporate headquarters where HPC has already begun daily manufacturing and production. Over 70 people are currently employed at the new plant and Management expects to hire many more people as the company continues its rapid growth. Just east of exit #138 and already a landmark of sorts, the large blue and yellow sign proudly announces HPC's presence to our new North Carolina neighbors and freeway travelers.
"North Carolina has proven to be a superb place to do business for both nCoat and HPC," said Paul Clayson, Chairman and CEO of nCoat. "With our new anchor firmly set, we now have the opportunity in a small way to say thanks to the government officials, business leaders and members of the community for their warm welcome."
In celebration of the move, the Company is pleased to announce the 2007 Cruize "N" HPC Grand Opening, a celebration designed to bring the community and racing industry together for two great events. On April 5th, the Piedmont Dragway (located 10 miles from the HPC plant) plans to celebrate their 50th Anniversary with their annual signature event, recently re-christened as the "HPC Big Dog Shootout." Management is delighted to sponsor this great pro-street racing tradition in the Greensboro area, and look forward to a truly fantastic day.
The following day, nCoat has invited the public to HPC corporate headquarters from 10am-3pm, for the official grand opening of the facility and help the company celebrate the High Performance Coatings world of cars. HPC will feature racecars, classic cars, street rods, import cars, leisure, and other specialty vehicles from a number of clubs and organizations including OTR trucking, recreational vehicles, motorcycles and more.
nCoat and HPC invite all who wish to join the celebration for both events. Find out more about how HPC is making a difference in North Carolina at http://www.hpcoatings.com and visit our friends at the Piedmont Dragway at http://www.piedmontdragway.com or call nCoat at (336-447-2000).
About nCoat, Inc.
Formed in 2004, nCoat, Inc. is an emerging nanotechnology company with new nano-formulated and traditional coatings that make it an international leader in the development and marketing of coatings applied to metal, ceramics, fabric and other materials. The company specializes in nanotechnology research, commercialization, licensing and distribution, and through its subsidiary companies develops and distributes commercially viable proprietary nanotechnology and traditional coatings products.
About HPC, Inc.
High Performance Coatings, Inc. has been an integral part of the automotive motorsport industry since 1982. The company has coated parts for multiple Motorsport Hall of Fame inductees and land and air speed world record holders. This rich racing heritage has led HPC to be nicknamed 'The Choice of World Champions.' HPC develops, manufactures and applies coating (surface treatment) solutions for thermal management, anti-corrosion, friction reduction, bond strength and appearance. HPC is a particular market leader in internal and external engine parts coatings in automotive and diesel engines. At HPC, there IS a difference... and the difference is superior performance.
Except for statements of historical fact, the information presented herein may contain forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which nCoat, Inc. has little or no control.
ON BEHALF OF THE BOARD
Paul S Clayson, Chief Executive Officer
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