November 24, 2008  
           

ENVIROCOAT TECHNOLOGIES' MIDDLE EAST DISTRIBUTOR

IS IN NEGOTIATIONS WITH A MASSIVE DEVELOPMENT

 

Prima Developments Ltd. (the "Company") is pleased to report that its Middle East distributor, Entech Coatings has entered negotiations with "The Pearl" in Qatar which is located in the Persian Gulf.

 

The President of Entech states, "This massive development which comprises nearly one thousand acres will have luxury condos, elegant townhomes, beach front villas, hotels, marinas, retail stores and restaurants."

 

"The Pearl" (www.thepearlqatar.com) is the country's first international urban development venture and when completed will be like no other destination in the Middle East.

 

If Entech Coatings is successful in acquiring specification on this project they will be available to every structure in the development and the product will be perfectly suited for the climate conditions in the Middle East.

 

This project will require millions of gallons of coating material.

 

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, President                      

   

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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