News Release

I.C.T.C. announces acquisition of Highland Laboratories; supporting commentary
March 31, 2005

The HERO Products Group, a division of I.C.T.C. Holdings of Vancouver British Columbia, has agreed to acquire the assets of Highland’s paint products; HERO had been distributing Highland products in Canada since 1993. This longstanding agreement was forged on a handshake and continued favourably for both parties during the past 13 years. During that time, HERO created a large installed base of Highland produced products, and experienced only very minor service issues. This relationship spawned many longstanding business relationships with several major paint companies and retailers in Canada and abroad.

In my view, says Steve Balmer, President of I.C.T.C., the Highland products speak volumes about quality, simplicity and address many current paint store requirements. Highland has a strong following of dealers and their products are very complementary to the HERO Products Group’s current offering of paint equipment. Highland has an installed base of well in excess of 10,000 pieces of equipment, many of which have been in service for decades. The product range consists of manual colorant dispensing machines, semi-automatic colorant dispensers and automatic colorant dispensers, mixers, shakers and industrial mixing devices. This line blends well into the HERO line of manuals, automatics, mixers and shakers, placing I.C.T.C. Holdings as a leader with respect to sales and product range depth domestically. The Highland products will be marketed under the “Highland by HERO” identification, and will continue to be produced in Ashland, Massachusetts. I.C.T.C. Holdings Corporation is on an aggressive expansion plan to form a comprehensive line of paint equipment products for the global paint industry.
Steve Balmer
President & COO
Corporate Headquarters
2719 Lake City Way
Vancouver, BC Canada V5A 2Z6
1 (604) 420-6543


HERO an I.C.T.C. company

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