DATE: September 9, 1999
Trading Symbol: IHI (VSE) IHITF (IHITF.OB for Yahoo) (OTCBB)
All AGM Resolutions Passed and Essential Equipment Purchased
Mr. Roger A. Rached, President of INTERNATIONAL HI-TECH INDUSTRIES INC. (the "Company") is pleased to announce that the Annual General Meeting was held and attended or represented by approximately 70% of the shareholders votes. All resolutions were passed with over 99% approval. It is with great pleasure that Roger A. Rached announces that a state of the art concrete batching plant has been purchased. The equipment is financed by CIBC Equipment Finance. The plant is fully computerized and calibrated and will produce a high quality homogenized mixed conrete. The batching
plant will be able to produce 60 cubic meters of concrete per hour. This will acommodate future expansion and will reduce the company's cost of concrete by at least half. The concrete batching plant will be operational in January 2000. " It's a great step forward towards our commerical production", said Mr. Rached. International Hi-Tech Industries will be announcing a detailed progress report very soon. 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.
ON BEHALF OF THE BOARD OF DIRECTORS
THE VANCOUVER STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
"ROGER A. RACHED"
ROGER A. RACHED, PRESIDENT
The company's head office: phone (604) 733-5400
Or USA call 1-800-838-8090
E-Mail: info@ihiintl.com
THIS ANNOUNCEMENT IS UNDER NO CIRCUMSTANCES TO BE CONSTRUED AS AN
OFFER TO SELL OR AS A SOLICITATION OF AN OFFER TO BUY ANY OF THESE
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UNDERWRITERS OR OTHER DEALERS OR BROKERS AS MAY LAWFULLY OFFER THESE
SECURITIES IN SUCH STATE OR JURISDICTION.