Aerofoam Metals Announcement

Pinnacle Group (PGPU) is pleased to announce that Aerofoam Metals Inc. has made the following announcement; Aerofoam Metals Inc. announced today that they have reached an agreement in principle with Alcoa as their exclusive supplier of a unique blend of raw materials as required for the production of "Aerometal". Alcoa, the world's leading producer of primary aluminum powder products, can now confidently provide to Aerofoam the highest quality materials without limitations of capacity. With this assurance of productions capability, from two major Alcoa plants providing for the high quality and stable supply of raw material. Aerofoam Metals Inc. is now poised to move forward toward the realization of dramatic growth in a variety of ongoing projects. Working together to constantly improve and develop unique new products, Alcoa and Aerofoam stand committed to the unlimited development of the foamed aluminum industry. Paul Colacci, President and CEO of Aerofoam Metals Inc. said: "Our goal at the start of our relationship was to develop a product that could be supplied in significant quantitites at a marketable price while maintaining Aerofoam's strict specifications. With Alcoa, that highly specialized product is now available. The unique blend of materials developed in such a quick timeline, demonstrates to me the dedication and commitment both parties bring to this project". Joe Chan, president of Alcoa Specialty Metals Division, said; "We are especially pleased to be partnering with Aerofoam Metals in this exciting endeavor. We are confident in the development of this opportunity into a new marketplace with significant growth for both Alcoa and Aerofoam products".