AUSTIN, TX -- (MARKET WIRE) -- 04/09/08 -- NexTech Solutions, Inc. (PINKSHEETS: NXSL) andFAS Holdings Group, LLC, jointly doing business as "NexTechFAS," arepleased to announce that the company has signed an exclusive sales andmarketing representation agreement with the John P. Kummer Group("Kummer"), a specialized equipment marketing representative in Europe forsemiconductor and other industries. Kummer, with offices in Germany, theUK, and France will actively promote and market NexTechFAS technology andproducts throughout the European Union, creating a strategic opportunityfor the company within the European-dominated photovoltaic (solar) market as well as OLED, flexibledisplay and semiconductor applications.
With over 30 years in business, Kummer has marketed and distributedsemiconductor equipment and tools to the European MicroelectronicsCommunity for many large industry leaders such as Orbot Instruments, JordanValley, Lasertec, KLA-Tencor and many others. Through this agreement,Kummer will extend NexTechFAS's technologically advanced extrusioncoating and automatedoptical inspection solutions to the fast emerging photovoltaic,flexible electronics and OLED markets in Europe.
"We believe NexTechFAS's technology could have a significant impact inreducing the current cost of developing solar panels and potentially play arole in improving the overall economics of producing photovoltaic energy.Given that last year the European Union accounted for more thanthree-quarters of the world's total photovoltaic market, Kummer'srepresentation is key to our company's marketing strategy for thisindustry," stated Miguel Friedrich, vice president of marketing forNexTechFAS.
Europe is a very significant market to NexTechFAS because of its currentleading production volume in the photovoltaic market. Industry analystsexpect the solar market to grow to over $30 billion by 2012, according toBCC Research. Kummer is expected to play a significant role inNexTechFAS's growth in this heavily European-based market. Kummer willalso be key to post-sale customer support and servicing of NexTechFASequipment in Europe.
About the John P. Kummer Group
With sales offices in France, Germany and the United Kingdom, the John P. Kummer Group(www.jpkummer.com) is one of the most well known distributors in Europe. Asmall team of very experienced administrators handles all sales andmarketing activities. The JPK group invests heavily in business systems andtechnology to maintain the highest level of reliability in record keepingand communications.
About NFJV, LLC
NFJV, LLC, doing business as"NexTechFAS" is the operating company of NexTech Solutions, Inc. (StockSymbol: NXSL) and FAS Technologies, LLC, a result of a pending mergertransaction between the two companies. NexTech Solutions currently ownsapproximately 52 percent of NexTechFAS and will own 100 percent uponcompletion of the final step of the merger transaction. NexTechFAS is aDelaware limited liability company with facilities in Austin and Dallas,Texas. The company is widely recognized in the industry for thedevelopment of digital fluid dispensing and a patented extrusion coating(spinless coating) technology known as "FAS-Coat," which has become thede-facto standard in the coating processes used in the manufacture of flat paneldisplays (FPDs). The company also delivers advanced metrology andautomation solutions, and is the first to deliver a turn-key solution formanufacturing lines in the FPD, photovoltaic and semiconductor industries.NexTechFAS's stock is quoted on the Pink Sheets under the symbol NXSL. Formore information, visit: http://www.nextechfas.com.
Forward-Looking Statements
This release may include forward-looking statements that involve risks anduncertainties. Any forward-looking statements and all other statements thatmay be made in this news release that are not historical facts are subjectto a number of risks and uncertainties, and actual results may differmaterially. Specific risks include delays in new product development,product performance and quality issues and the acceptance of our currentand new products by the FPD and semiconductor markets.
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