United States Navy Tests Permanent Technologies' TineLok Fastening System

HAUPPAUGE, N.Y., Feb. 4 /PRNewswire-FirstCall/ -- Permanent Technologies, Inc. (PinkSheets: PERT) announced that the United States Navy is currently testing their TineLok Vibration-Proof Fastening System in their newest Hovercraft, the Landing Craft, Air Cushion (LCAC).

The LCAC is a high-speed, over-the-beach, fully amphibious landing craft, used to transport heavy payloads of equipment (up to 75 tons), cargo and personnel from ship to shore for the Marine Air-Ground Task Force. The TineLok fasteners have been installed on the Hovercraft for almost a year and according to feedback from the Navy the fasteners have worked flawlessly to date.

"We are confident that the TineLok will perform to the U.S. Navy's exacting high-vibration requirements for this strategic project," stated Loren Ball, President and CEO of Permanent Technologies, Inc. "In addition to the performance requirements, we believe TineLok also gives the Navy the ability to make repairs, adjustments and service the components in the field without any special tools -- a major feature of the TineLok System."

About Permanent Technologies, Inc.

Permanent Technologies is the inventor and manufacturer of the award winning TineLok Fastening System -- a family of fasteners that are designed to hold tight in the most demanding, extreme and harshest conditions, environments and applications.

The TineLok Fastening System's vibration-proof, self-locking technology is an affordable alternative to traditional fasteners when increased safety, reliability, operating life and reduced maintenance is desired or required.

The Company has been granted numerous patents both in the U.S. and internationally for the TineLok technology. For more information please visit www.TineLok.com.

Forward Looking Statements:

This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors, factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete an acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company's public announcements.

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