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ThermoElastic Technologies, Inc. Announces Expansion Into the Middle East and Japan and Progress On FDA

TORONTO--(BUSINESS WIRE)--July 9, 2001--ThermoElastic Technologies, Inc. (OTCBB:TMRO) is pleased to announce the expansion of the distribution and sale of its BITEM Dental Products into Israel and Japan.

The Company has appointed FLEX-DENT L.T.D. of Netanya as its exclusive Distributor/Dealer of BITEM Dental Products for Israel. FLEX-DENT L.T.D. is the Company`s first Distributor/Dealer to be appointed in the Middle East. The Company has received its first order from FLEX-DENT for BITEM Dental Products and will begin shipping product to FLEX-DENT in July, 2001.

The Company is also pleased to announce that it has entered into negotiations with J. MORITA CORPORATION of Japan for the appointment of J. Morita Corporation as the Company`s exclusive Distributor/Dealer for Japan. As part of these negotiations, BITEM Dental Product has been shipped to Morita for its independent testing which will be completed by September 18, 2001. Upon successful completion of testing J. Morita Corporation will become the Company`s exclusive Distributor/Dealer of BITEM Dental Products in Japan and will take steps necessary to obtain all appropriate approvals of BITEM from Japan`s regulatory authorities.

J. Morita Corporation is one of the world`s largest suppliers of Dental Products with manufacturing and distribution centres throughout the world and is particularly active throughout Asia, including Japan, Korea, Singapore and Taiwan. For more information on J. Morita Corporation please go to its website at www.morita.com.

The Company is also pleased to announce that the physical testing required to complete the FDA Application for BITEM Dental Products in the United States will be completed by the last week in July, 2001 and the Company`s 510K Submission to the FDA in respect of its BITEM Dental Products will be filed by the end of July, 2001 with final FDA approval expected within 90 days of the date of filing.

(This news release includes statements that may constitute forward-looking statements under the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are necessary estimates reflecting the best judgement of the party making such statements based upon current information and involve a number of risks and uncertainties. Forward-looking statements contained in this press release or in other public statements of ThermoElastic Technologies, Inc should be considered in light of those factors. Although ThermoElastic Technologies, Inc. believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be met.)

For more information on ThermoElastic Technologies, Inc., BITEM (BIOCOMPATIBLE INTRAORAL THERMOELASTIC MATERIAL), DISIFIN HARD SURFACE DISIFECTING PRODUCTS AND OIL CLEAN 2000 OIL DECONTAMINATION AGENT, please visit the Company`s website at www.thermoelastictech.com, and e mail the Company by clicking on the link info@thermoelastic.com or contact Investor Relations at 888 910 2323 or call George Osterbauer at ThermoElastic, 416-934-9734.
 
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Autor (Datum des Eintrages): BII-Aktionär  (09.07.01 14:58:29)
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