December 11, 2008  
           

ENVIROCOAT TECHNOLOGIES' MIDDLE EAST DISTRIBUTOR ENTECH COATINGS

FINALIZES SUPPLY AGREEMENT WITH KING ABDULLAH ECONOMIC CITY

IN SAUDI ARABIA

 

Pursuant to the News Release of October 22, 2008, Prima Developments Ltd. ("The Company") management is pleased to announce that its' Middle East distributor Entech Coatings is specified on King Abdullah Economic City (KAEC) in Saudi Arabia.

 

The President of Entech states, "This mega undertaking will take approximately 20 years to complete and the amount of coatings required for an entire city is staggering."

 

KAEC will include residential areas, seaport, sea resorts, industrial areas, business district and educational zones.

 

The President of Prima states, "The magnitude of a project of this size is tremendous and the notoriety of having our coatings being chosen and applied to all the buildings in the city is truly exciting."

 

About Prima (PID)

 

Prima's subsidiary, ENVIROCOAT TECHNOLOGIES, manufactures and distributes the proprietary specialty Envirosmart coatings, known as Ceramic Insulcoat with Cerylium, throughout Canada and internationally, including the U.S.A. Years of successful R&D has produced a unique product which provides over 30 features and benefits including super adhesion, water and moisture management, heat penetration resistance, saving wasted energy.   Prima's model is designed to expand its share of this $85 billion global market through acquisition and association with strategically positioned distribution outlets located in over 70 countries.   Prima and its new partners are positioned for global distribution to the global multi-billion dollar market.

 

On Behalf of the Board,

 

Roland Langset

 

 

 

This press release may include forward-looking statements; including statements relating to the Company's manufacturing capability, marketing strategy, future sales growth, profitability and competitive position.   The words "plan", "expect", "believe", "intend", "anticipate", "forecast", "target", "estimate", and similar expressions identify forward-looking statements.   Forward-looking statements are based on assumptions made by and information currently available to the Company.   Investors are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected.   The Company does not undertake to review or update these forward-looking statements.

 

The TSX Venture Exchange has not reviewed and does not a ccept responsibility for the adequacy or accuracy of this release.


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