ZCL Composites Inc. announces major supply agreement

Business Wire, Sept 17, 1996

EDMONTON, Alberta--(BUSINESS WIRE)--Sept. 17, 1996--ZCL Composites Inc. is pleased to announce that it has concluded an agreement to supply E-Z Deck composite decking products to Ace Hardware Corporation of Oak Brook, Illinois for sale in the Ace network of Lumber and Building Materials stores.

Ace Hardware Corporation is a co-op of 5,000 dealers located throughout the USA. The E-Z Deck product line will be promoted and available for sale through the entire Ace dealer network. The companies will cooperate on a product introduction program and commence E-Z Deck product training across the Ace Hardware system immediately.

"This agreement opens the door to the market for our E-Z Deck line" says Ven Cote, President & CEO of ZCL Composites Inc. "The Ace Hardware network offers us exceptional exposure to building materials consumers all across the continent. The retail market for decking is estimated at over $5 billion per year. Before today, E-Z Deck has been carried by only a select few stores, but customer satisfaction has been very high. This agreement is the key to make E-Z Deck widely available to consumers and to get our share of this market."

ZCL is a leading Canadian manufacturer and distributor of petroleum storage and handling equipment to the industrial and commercial sectors. The Company is the largest manufacturer and distributor of FRP underground tanks which it markets under the GREENTANK and PREZERVER brand name. ZCL is also the manufacturer of E-Z Deck - a composite decking product that serves as an attractive alternative to wood and other decking products.

CONTACT: ZCL Composites Inc.

Ven Cote, (403) 466-6648

Robert Day, (403) 466-6648