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NexTechFAS Signs Exclusive Representation Agreement With the John P. Kummer Group to Expand the Commercialization of Products Throughout the European UnionNexTechFAS Continues to Place Emphasis on the Solar MarketAUSTIN, Texas - Apr. 9, 2008 - NexTech Solutions, Inc. (Pink Sheets: NXSL) and FAS Holdings Group, LLC, jointly doing business as "NexTechFAS," are pleased to announce that the company has signed an exclusive sales and marketing representation agreement with the John P. Kummer Group ("Kummer"), a specialized equipment marketing representative in Europe for semiconductor and other industries. Kummer, with offices in Germany, the UK, and France will actively promote and market NexTechFAS technology and products throughout the European Union, creating a strategic opportunity for the company within the European-dominated photovoltaic (solar) market as well as OLED, flexible display and semiconductor applications. With over 30 years in business, Kummer has marketed and distributed semiconductor equipment and tools to the European Microelectronics Community for many large industry leaders such as Orbot Instruments, Jordan Valley, Lasertec, KLA-Tencor and many others. Through this agreement, Kummer will extend NexTechFAS's technologically advanced extrusion coating and automated optical inspection solutions to the fast emerging photovoltaic, flexible electronics and OLED markets in Europe. "We believe NexTechFAS's technology could have a significant impact in reducing the current cost of developing solar panels and potentially play a role in improving the overall economics of producing photovoltaic energy. Given that last year the European Union accounted for more than three-quarters of the world's total photovoltaic market, Kummer's representation is key to our company's marketing strategy for this industry," stated Miguel Friedrich, vice president of marketing for NexTechFAS. Europe is a very significant market to NexTechFAS because of its current leading production volume in the photovoltaic market. Industry analysts expect the solar market to grow to over $30 billion by 2012, according to BCC Research. Kummer is expected to play a significant role in NexTechFAS's growth in this heavily European-based market. Kummer will also be key to post-sale customer support and servicing of NexTechFAS equipment in Europe. About the John P. Kummer Group About NFJV, LLC Forward-Looking Statements |
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 NexTechFAS. |