DATE: March 16, 1999
Trading Symbol: IHI (VSE) IHITF (IHITF.OB for Yahoo) (OTCBB)
CIBC Investment Banking to Assist the Company in Raising Debt and Equity Financing
Mr. Roger A. Rached, President of International Hi-Tech Industries Inc. ("the Company") is pleased to announce that the Company has engaged CIBC Investment Banking to assist the Company in raising debt and equity financing to fund equipment requirements and to fund IHI's commercialization program. CIBC is Canada's second largest bank with over 280 billion dollars in assets and conducts business in every major business center around the world. CIBC Investment Banking provides mid market business financing and mergers & acquisitions services to clients across Canada. The web site for CIBC is www.cibc.com 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
SECURITIES. THE OFFERING IS MADE ONLY BY THE PROSPECTUS.
COPIES OF THE PROSPECTUS MAY BE OBTAINED IN ANY STATE OR JURISDICTION
IN WHICH THIS ANNOUNCEMENT IS CIRCULATED FROM ONLY SUCH OF THE AFOREMENTIONED
UNDERWRITERS OR OTHER DEALERS OR BROKERS AS MAY LAWFULLY OFFER THESE
SECURITIES IN SUCH STATE OR JURISDICTION.