Beluga Composites Corp. Announces Alliance with Premier Funding and Financial Marketing Services of Phoenix, Arizona


PHOENIX, Dec. 13, 2005 (PRIMEZONE) -- Beluga Composites Corp. (Pink Sheets:BGCC) announced today that it has established an alliance with Premier Funding and Financial Marketing Services of Phoenix, Arizona. Premier Funding will focus on Corporate Imaging and Retail Market awareness for the existing and new shareholder base.

Dean Panofsky, Chairman said, "We are pleased to be associated with a high-powered financial company with the caliber of Premier. We believe Premier will help bring investor awareness to our stock and brand awareness for our products to the financial community. We believe Premier will aggressively and successfully introduce our unique company to the public markets, broker dealer associations, financial services sector and institutional investors of public companies while enhancing our brand name awareness."

Kelly Black, President and CEO, said, "We are proud to work with Beluga Composites Corp. in incorporating the advertising services of various media outlets exposing our portfolio companies to the public markets. We are impressed with the high quality standards and unique market opportunities the company is able to achieve through their disciplined growth strategies."

About Beluga Composites Corporation (BGCC.pk)

Beluga is a manufacturer of UST, related accessories and oil/water separators. Member of the Petroleum Equipment Institute, Panox has the technology and holds the Underwriters Laboratories UL 1316 and ULC-615-S certifications for fiber glass reinforced plastic (FRP) underground storage tanks for petroleum products. We are one of the only companies in the world which presently holds both the UL 1316 and the ULC-615-S.

Beluga manufactures single wall and double wall FRP UST that are of higher quality and environmentally safer than steel tanks, being 100% corrosion resistant. Moreover, Beluga's tanks are produced using the next generation FRP UST technology, FILAMENT WINDING, and as such, they are mechanically and structurally superior to FRP tanks produced by the competition which still uses the first generation FRP UST technology, SPRAY UP, which depends on a structural type of back fill during installation. Beluga's technology produces a structurally autonomous UST with fully integrated, physical characteristics independent of any consideration for the type of backfill to be used. The key advantages of the Beluga manufacturing process are: efficient and computerized filament wound technology, consistent high quality controlled modularly designed products and competitive pricing.

The Beluga Composites Corporation logo is available at: http://www.primezone.com/newsroom/prs/?pkgid=1604

About Premier Funding

Premier Funding and Financial Marketing Services is the liaison to the investment community, finding the right financial support and solutions for the capital needs of publicly traded companies. Premier also is focused upon providing corporate imaging, public relations, financial marketing, and sales support.

Forward-Looking Statements

This release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We use words such as "anticipate," "believe," "expect," "future," "intend," "plan," and similar expressions to identify forward-looking statements. Forward-looking statements include, without limitation, our ability to increase income streams, to grow revenue and earnings, and to obtain additional Indian gaming and other projects. These statements are only predictions and are subject to certain risks, uncertainties and assumptions, which are identified and described in the Company's public filings with the Securities and Exchange Commission.



            

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