Permanent Technology Signs Key Executive with Tier One U.S. Government OEM Leadership Experience as Senior Advisor

Permanent Technologies (PINKSHEETS: PERT) announced that Patrick Tremblay, a senior executive, with experience in risk management, finance and strategic consulting has agreed to join the company as Senior Advisor.

"I'm truly excited about joining Permanent Technologies," said Patrick Tremblay. "The TineLok vibration proof fastener is an incredible product that I believe will make a massive positive impact on the reliability, maintainability and overall cost of manufactured goods."

"Of course we'll focus on military applications first, leveraging our existing relationship with the U.S. Navy Hovercraft project. And my expectation is we'll see TineLok in many, many other military and commercial applications soon."

Mr. Tremblay previously held positions at Bombardier, a Tier One U.S. Government OEM and General Contractor. He also held senior finance and consulting management positions at Deloitte Consulting, KPMG, and McGladrey.

"I have two main objectives at Permanent Technologies. First, I plan to help TineLok realize its market potential by introducing its unique capabilities and cost benefits to major heavy equipment and military manufacturers, general contractors and OEM's."

"Secondly, I'll work closely with Loren Ball to search for the right individual to assume the CEO position of the Company. In the meantime Mr. Ball will take over as President, replacing Pierre Dionne, who is no longer with the Company. And I look forward to working alongside Mr. Ball and the new CEO once hired.”

Loren Ball, Chairman and Co-founder of Permanent Technologies added, "With Patrick on our team I feel confident we'll make real headway in the acceptance of the TineLok Vibration Proof Fastening System. The U.S. Navy recognizes the potential for TineLok to significantly lower overall maintenance costs and the ease of replacing the product in the field."

"Now it's time for us to introduce TineLok to other branches of the Military and to other industries, like automotive, utilities, aeronautics and heavy machinery manufactures. And I believe Patrick Tremblay is the ideal person to lead Permanent Technologies in that direction."

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.

This press release is provided for information purposes only and is not intended to constitute an offer to sell or a solicitation of an offer to buy securities.