SARASOTA, Fla.--(BUSINESS WIRE)--April 30, 2004--United Companies
Corporation, (OTCBB:UCPJ) announced today that its Brownies Unit has
signed a new Brownie dealer in the Adirondack Mountain region.
The new Brownie dealer will be supplying a state contracted agency
with (8) Brownie's Third Lung CTD390X commercial Hookah systems. In
the heart of the Adirondack Mountain region, a majestic summer tourist
destination for families from across the world lays Saranac Lake. This
lake contains 30 miles of shore line and is the home of thick, fast
growing kelp like weed that fastens itself to the bottom of the lakes
coastline in about 10' of water making it difficult for boats to dock
and people to enter any part of the lake.
The state agency will be charged with the task of removing this
weed from the coastline using the Brownies gear. It is estimated that
once the ice melts on the lake it will take 1 full diving season for
the divers to go around the lake one time. The systems will be mounted
on floating platforms enabling them to easily move about the lake with
supplies. The divers will be working in the water approximately 8
hours a day in wetsuits utilizing Brownie's Power Inflator Kits.
United recently acquired 100% of Trebor Industries, Inc. the
manufacturer of all the Brownies line of products. In the most recent
fiscal year, the Brownies line totaled approximately two and a half
million ($2,500,000) in annual sales.
Brownie's Third Lung is a vertically integrated manufacturer with
complete in-house resources and design capabilities focused on several
emerging and synergistic marine industry markets.
Brownie's is a world leader in recreational hookah diving, and
yacht based Scuba Air Compressors, Oxygen, and Nitrox Generation
Systems. Brownie's designs, tests, manufactures and distributes
products at its factory in Ft. Lauderdale
Brownie's also designs, develops and produces an exclusive line of
Scuba and Water Safety products targeted at the Public Safety Diver
and Recreational Boating markets. Brownie's has been creating family
adventures for over twenty years.
Information about our products can be found at
http://www.browniedive.com.
Forward Looking Statements:
Statements about the company's future expectations, including
revenues and earnings and all other statements in this press release
other than historical facts are "forward looking statements" within
the meaning of section 27A of the Securities Act of 1933, section 21E
of the Securities Exchange act of 1934, and as the term defined in the
Private Litigation Reform Act of 1995. The Company's actual results
could differ materially from expected results. The company undertakes
no obligation to update forward looking statements to reflect
subsequently occurring events or circumstances. Should events occur
which materially affect any comments made within this release company
will appropriately inform the public.
For investor relations please contact United Companies
Corporation.