RONKONKOMA, N.Y., March 29, 2004 (PRIMEZONE) -- Perma-Tune Electronics, Inc., a wholly-owned subsidiary of Trans Max Technologies, Inc. (OTCBB:TMXT), today announced the signing of a Letter of Intent with a Major Motorcycle Aftermarket Vendor to distribute Plasmatronics' (a division of Perma-Tune Electronics, Inc.) Plasma Drive Ignition System. The Letter of Intent will be converted to an order within approximately 45 days. The Letter of Intent is for a minimum of 2,000 units and represents sales of approximately $2,000,000.
The Motorcycle Aftermarket Vendor will be purchasing specially configured and manufactured Plasma Drive Ignition Systems. The Plasma Drive Ignition system is a new kind of ignition that can either be used by Original Equipment Manufacturers (OEM) or aftermarket vendors. Tests show significant increases in fuel mileage and an increase in horsepower and reducing harmful emissions. This product is currently in production.
Said Lonnie Lenarduzzi, President and Chief Scientist for Plasmatronics, a division of Perma-Tune Electronics, Inc., "To understand what we've done with the Plasma Drive Ignition, you must throw out everything you knew about motorcycle ignition. This revolutionary compact motorcycle ignition system is a completely new way of achieving incredibly efficient combustion. Using never-before exploited principles of physics, the PDI produces a cleaner burn than ever before possible, converting nearly all available fuel, whatever it may be, to torque. This process results in a thrilling, measurable increase in performance, dramatically better fuel economy and as a result, reduced emissions."
Trans Max Technologies, Inc. and its wholly-owned subsidiary Perma-Tune Electronics, Inc. through its Plasmatronics division is a developmental Company engaged in the automotive and marine electronics industry and has several cutting-edge products that were recently introduced at the Miami International Boat Show. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "will," "anticipated," or "may," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward-looking statements that involve a number of risks and uncertainties. It is possible that the assumptions made by management are not necessarily the most likely and may not materialize. In addition, other important factors that could cause actual results to differ materially include the following: business conditions and the amount of growth in the company's industry and general economy; competitive factors; ability to attract and retain personnel; the price of the Company's stock; and the risk factors set forth from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-KSB; its quarterly reports on Forms 10-QSB; and any reports on Form 8-K. Trans Max Technologies Inc. takes no obligation to update or correct forward-looking statements and also takes no obligation to update or correct information prepared by third parties which is not paid for by the Company.