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NEWS RELEASE
FOR IMMEDIATE RELEASE
APRIL PROGRESS REPORT Patent Announcements The President of International Hi-Tech Industries, Inc. ("the Company"), Mr. Roger A. Rached, is pleased to announce that Patent No. 6159 has been issued by Colombia and Patent No. 177816 has been granted by Poland for the Company's new building system technology. Patents have been allowed by Indonesia, Israel, Turkmenistan and another Patent has also been allowed for Poland. Factory Progress All electrical and mechanical work has been completed for the offices and the Company has tendered the balance of architectural finishings. Office furnishings have also been purchased. The offices will be opened Aug 1, 2000. The Company has received a B.C. Hydro Power Smart rebate for the installation of energy efficient lighting in the facility. Two concrete mixers have arrived on site, each with a capacity of approximately three cubic meter per minute. Dynamic densification and piling is underway on the site. Once this work is completed, the batching plant will be erected and the robotic equipment announced in the Company's news release of March 12, 2000 will be installed by October, 2000. The Company is pleased to announce that it is in late stage negotiations regarding further leasing and debt financing to acquire additional production equipment. (The Company expects to disclose the details in its next monthly progress report). Hi-Tech System Featured in Trade Fairs Globe 2000 is an international conference and trade fair intended to showcase new technologies in the environmental sector, provide a forum to highlight corporate environmental achievements, forge new partnerships, and encourage trade, investment, and overall business development within a new and changing competitive arena. As announced in the Company's news release dated March 8, 2000 IHI participated in this year's Trade Fair, held in Vancouver March 22-24, in its booth made from the Hi-Tech System. Thousands of delegates from over 70 countries attended the conference and great interest was shown in the Company's exhibit. The module featured a combination of finishings including fine concrete, marble and zinc cladding. Frameless tempered glass was used extensively in the unit which was assembled and fully finished at the Company's factory in Delta, British Columbia then shipped to the trade fair. The fact that the unit was moved without any relative deflection or micro-cracking demonstrates the superior dynamic stability of the Hi-Tech System. IHI will also showcase the Hi-Tech System booth in the Chinese Investment Forum 2000 � the largest and most comprehensive Chinese/English bilingual investment and financial exhibition and conference in North America. The Forum will be held in Vancouver at the Plaza of Nations April 29-30. Photos from both Globe 2000 and the Chinese Investment Forum 2000 will be displayed on the Company's website by May 1, 2000. By mid May the Company will add an �Ask the President" forum to the website's Investment section. Shareholders and friends are invited to visit the site and post their questions for response by Mr. Rached. �The Company will be entering into other international exhibitions using the Hi-Tech System booth module. We believe that by using our own product in our exhibit we are better able to display the superiority of our technology as well as the flexibility of our product in accepting high-end finishing details. Through these events we will increase the awareness of our product with both the construction and financial markets," said Mr. Rached. Specialist Consultant Retained David A. Laundy & Associates has been retained by the Company to prepare communications strategies for the Company and supervise their implementation. Dave Laundy is an experienced and respected B.C. communications executive whose experience includes work as a journalist for daily newspapers in British Columbia and senior positions with The Royal Bank of Canada, The Government of B.C., The Vancouver Stock Exchange and The Loewen Group Inc. He has also worked as a public relations consultant. Immediate Priorities "Prior to entering into commercial production, we will focus on acquiring
the balance of the secondary production equipment, obtaining code approvals
(Underwriters Laboratories Inc. and Underwriters' Laboratories of Canada
fire certification labels and European certification) and finalizing the
schedules for the delivery of the first few IHI factories to our joint
venture partners," said Mr. Rached.
International Hi-Tech Industries Inc. is a company whose principal business is the development and commercialization of a new building system in Canada, and internationally through its subsidiary, IHI-International Holdings Ltd. This release contains forward-looking statements. These statements
are subject to certain risks and uncertainties that could cause actual
results to differ materially from those anticipated in the forward looking
statements. Readers should not place undue reliance on the forward-looking
statements, which reflect the management's view only as of the date hereof.
The Company undertakes no obligations to publicly revise these forward-looking
statements to reflect subsequent events or circumstances.
ON BEHALF OF THE BOARD OF DIRECTORS "Roger A. Rached"
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