Once in a while, a new technology comes around that reinvents a product that has not been changed much for over a century. Take for example the incandescent light bulb and the latest fluorescent adaptation. It is a “green” product, therefore with the higher cost of energy, the newer light source will soon replace the outdated and inefficient incandescent. This is what is known as a paradigm shift.

A similar change is happening in the world of fasteners. Yes, the seemingly boring bolts and nuts industry. The standard product as we all know it has changed little for over a hundred years. Its uses and applications are ubiquitous; almost taken for granted.

One company is out to capture a share of this huge market with their revolutionary self-locking and vibration proof fastener system. Permanent Technologies Inc. (PERT.PK) holds multi issued and pending patents in the U.S. and internationally for its TineLock Fastening System.

“PermanentechTM Technology fasteners feature an advanced, lock-in bolt channel design which engages the nut at predetermined intervals. The nut incorporates exclusive lock-in tines which eliminate vibration, help make products safer, lower warranty costs and guard against vehicular rattles.”

The applications are endless when it comes to fasteners. This includes automotive, marine, aerospace and avionics, off-road equipment, industrial machinery, defense, road, bridge and highway construction, steel construction, railway, medical instruments and electronics.

Recent news of collapses in aging bridges and fastener failures in the infamous Boston’s “Big Dig” tunnel means that Permanent Technologies has come out with a winning product at the right time. Global demands for industrial fasteners are projected to grow nearly 5% per year through 2010.

Permanent Technologies Inc. is in a good position to receive its fair share of the $50B dollar a year industrial fastener demand.

It took over ten years to develop the breakthrough technology. Permanent Technologies Inc. came out of the development stages and went public late last year through a reverse merger on the pink sheets. All their required filings can be found on pinksheets.com.

At its current share price of .16 per share, we believe that PERT is a good buy for long term speculative holdings. Their success now will be dependent on marketing and licensing. A positive outcome from the U.S. Navy’s testing of the product may result in a near term share price appreciation and set a tempo for future licensing agreements.

It should be noted that the company may be a victim of manipulative stock email spamming in which they have publicly denied any involvement with. This is just one of the obstacles that small upstart companies face when they decide to go public on a venue like the pink sheets or OTC.

Fundamentally, the company is sound with a real product that is revolutionary and superior to existing fasteners on the market. They would not have wasted years of development and have 21 issued and pending patents applications just so they can manipulate their stocks. It will take time to make sales and licensing.

To find out more about Permanent Technologies Inc., visit http://www.tinelok.com.

Permanent Technologies, Inc.
1393 Veterans Memorial Highway
Suite 412N
Hauppauge, NY 11788
1-866-TINELOK
info@tinelok.com

As of September 30, 2007
Shares Authorized: 500M
Shares Outstanding: 244,451,578
Public Float: 20M

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