Mr. Bruce Rowlands reports

EUROCONTROL ENTERS INTO LOI WITH SICPA FOR SALE OF SUBSIDIARY GLOBAL FLUIDS INTERNATIONAL S.A.

Eurocontrol Technics Group Inc. has entered into a non-binding letter of intent (LOI) with SICPA Security Solutions SA, a private Swiss company that is a global provider of secured identification, traceability and authentication solutions and services, for the sale of Eurocontrol's 100-per-cent-owned subsidiary, Global Fluids International SA (GFI). GFI's Petromark, a unique and proprietary liquid authentication system is the world's leading solution for fully integrated oil marking, mixing and detection.

Among other terms, the LOI provides for a non-refundable deposit of $250,000 coincident with the signing of the LOI, an initial payment of $16-million to be received on the closing of the sale transaction and a 5-per-cent royalty payment on all future GFI contracts, inclusive of both marker and logistics, for a period of six years with contracts signed during the fourth through sixth years being paid until the third anniversary of such contracts with a minimum guarantee of $1.5-million per year for six years.

It is intended that that parties will negotiate and enter into a definitive purchase and sale agreement within 30 days of the date of the LOI and that Eurocontrol will then call a special meeting of shareholders to approve the transaction. Closing of the transaction is subject to a number of conditions including for Eurocontrol, obtaining shareholder and TSX Venture Exchange approval of the transaction.

The company has organized a conference call for interested parties to obtain more detailed information on the transaction and on SICPA and its plans at 9 a.m. Toronto time. Participating in the call will be Gilles Leraille, executive vice-president, business development, of SICPA, Bruce Rowlands, chairman and chief executive officer of Eurocontrol, Andres Tinajero, chief financial officer of Eurocontrol, and Paul Wood, director and chairman of the special committee of the board of Eurocontrol. Interested parties are encouraged to call in advance of the 9 a.m. commencement time utilizing the following dial-in numbers:

Conference access code:  7204577

North American toll-free dial-in number:  855-223-7309

International dial-in number:   647-788-4929

Bruce Rowlands, chairman and chief executive officer, stated: "After a productive and successful due-diligence process thus far, we are very pleased with the terms that we have been able to negotiate with SICPA on behalf of Eurocontrol shareholders. The GFI brand becoming part of the SICPA global group of companies will allow GFI to flourish and we believe will result in more contracts, more quickly due to SICPA's breadth of contacts and market penetration. It is a classic case of better together than apart -- the combination of the logistics of operating these fuel marking projects with the underlying technology provider will provide a complete integrated Petromark offering. Our royalty will be calculated on the combined business as compared to our current revenue which is based solely on the provision of the technology. Eurocontrol also looks forward to supporting the new SICPA/GFI operations through our subsidiary Xenemetrix which will remain the supplier of the ED-XRF analyzers used in the Petromark solution."

"The basis of this transaction is the good synergy between SICPA and GFI which both offer comprehensive solutions in their respective fields for the authentication and monitoring of key tax-carrying goods and items. Both companies work exclusively with governmental authorities in different countries where SICPA already has sizable operations and therefore where the introduction of GFI will be facilitated. Equally, both organizations are used to providing top-of-the-range, latest technology-based solutions, pledging at the same time to provide uncontaminated and robust data to state institutions," stated Gilles Leraille, executive vice-president, business development, of SICPA. He added: "Another unique characteristic of this transaction is the partnership type of agreement that is envisaged for a noticeable period of time, instead of the typical seller-buyer relationship. In this way, the two parties' teams can be harnessed to maximize the chances of success and the realization of a promising upside for both Eurocontrol and the SICPA group."