Press Release: NexTech Announces Merger between NXTS and FAS

NexTech Announces Merger between NXTS and FAS

AUSTIN, Texas, May 15, 2007 (BUSINESS WIRE) -- NexTech Solutions, Inc. (PINK SHEETS:NXSN) and FAS Technologies, LLC, Dallas, Texas, have announced the signing of a binding agreement to merge the two companies into a single legal entity. The merger is expected to close by the end of the current calendar quarter. The combined company will broaden NexTech’s range of advanced metrology and automation solutions for the global semiconductor, flat panel display, solar and medical equipment markets and will open diverse sales channels to FAS. NexTech offers products for automated calibration, inspection and handling of advanced substrates for microelectronics applications. FAS is the pioneer of the extrusion coating technology (also known as spinless coating, slot die coating or slit coating) for a broad range of applications including liquid polymer films applied to glass used in flat panel display production, as well as silicon wafers and other substrates. With a strong portfolio of over 40 patents, patents pending and rights to over 100 additional patents, FAS’ technology is highly complementary to that of NexTech. “For manufacturers of semiconductors, flat panel displays, solar panels and medical equipment, efficient handling, coating and inspection is critical to ensure maximum surface integrity, reduced costs and higher yields,” said NexTech President and CEO Tony DiNapoli. “The addition of FAS’s expertise, patented products and market-proven technologies will enable NexTech to expand its global customer base, address large, fast-growing markets and offer more productive processing solutions for current and next-generation products.” Ted Snodgrass, President and CEO of FAS, commented, “This merger is strategic and beneficial for both companies. We serve the same markets, have synergies in sales and marketing and, by combining product development, have the opportunity to offer exciting new solutions to customers.”

Forward-Looking Statements:
This release includes forward-looking statements that are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, readers and listeners are cautioned that such forward-looking statements represent management's opinion. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. The company's operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ are set forth in the company's periodic filings with Pink Sheets at http://www.pinksheets.com/quote/finance.jsp?symbol=NXSN.

SOURCE: NexTech Solutions, Inc.

About NexTech Solutions
NexTech Solutions delivers advanced metrology and automation solutions for global semiconductor, flat panel display (FPD), medical and solar industries. NexTech’s mission is to create greater shareholder value through advanced technology development and marketing of productive solutions targeted at large and fast-growing markets. The company is headquartered in Austin, Texas, with facilities in San Mateo, California. NexTech is publicly held, with shares traded under the symbol NXSN. For more information, see http://www.nxts.com.

About FAS Technologies
FAS Technologies, LLC is a Texas Limited Liability Company with offices in Dallas, Texas and Tokyo, Japan. FAS Technologies is a pioneering company widely recognized in the industry for the development of digital fluid dispensing and a patented spinless coating technology known as “FAS-Coat,” which has become the de-facto standard in the coating process of FPD substrates during manufacture. The Company is engaged in the design, development, manufacture, integration, sale and servicing of advanced, high-precision coating systems for the microelectronics industry. You can visit the FAS Technologies, LLC homepage at www.fas.com.

Contacts

NexTech Solutions, Inc.
Tony DiNapoli
Ph. 512-833-0740
tonydinapoli@nxts.com

FAS Technologies
Ted Snodgrass
Ph. 214-343-5300
tedsnodgrass@fas.com

NexTech Solutions, Inc. and FAS Holdings Group, LLC have entered into a joint venture and have consolidated operations into the Delaware company, NFJV, Inc., doing business as “NexTech FAS”