PEI Worldwide Holdings, Inc. Completes Sales Trip to Market Thura-Block

Oct 12, 2010, 07:30 ET from PEI Worldwide Holdings, Inc.

PLANO, Texas, Oct. 12 /PRNewswire/ -- PEI Worldwide Holdings, Inc. (Pink Sheets: PEIW) announced today that the company has just completed a 4495-mile sales trip to market Thura-Block, its flagship product.  Beginning on September 8th 2010, Gifford Ludwigsen, CEO of PEI Worldwide Holdings, Inc., began an 11-state, 17-city, east coast road trip to introduce Thura-Block, with full size samples, (including competitor's products) to architects, specifiers, builders, developers, as well as skeptics.

The results of 18 meetings were:

  • Wide acceptance of the Thura-Block product and its capabilities
  • Two (2) contracts to purchase a Thura-Block plant were presented
  • Five distribution centers offered to resell all PEI products

Gifford Ludwigsen, CEO of PEI Worldwide Holdings Inc., states, "Construction related companies as well as the general public are searching for new construction materials other than the 2" x 4" wood construction.  I believe PEI has the products to lead us out of the prehistoric age into the LEEDS certified, energy efficient cost comparable building products provided by PEI Worldwide Holdings, Inc.  I am totally convinced that the industry says YES to Thura-Block.  

"During a stop in New York, I was introduced to a group of investors plus a major building products manufacturer.  I will be holding additional meetings in New York on October 12-16th and we look forward to discussing our company in additional detail.

"I will be traveling to Toronto Canada in the coming weeks to finally complete the agreed upon exclusivity contract with our Canadian partner.  In addition to the Thura-Block plants he will also be installing Insul-Lite panel plants in Toronto for use with commercial and residential interior wall construction."  

About PEI Worldwide Holdings, Inc.

PEI Worldwide Holdings, Inc., an innovative construction product development company, brings a proprietary, high profit margin, light weight, insulating building block technology to the only growing segment in the construction industry, the $36 billion "green" building marketplace.  These extremely high R value insulating building products are so cost competitive that they will be one of the only LEED certified "green" products that can effectively compete with traditional building methods such as wood frame and concrete.

Forward-Looking Statements Disclosure

This press release may contain "forward-looking statements" within the meaning of the federal securities laws. In this context, forward-looking statements may address the Company's expected future business and financial performance, and often contain words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "seeks," "will," and other terms with similar meaning. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can provide no assurances that these assumptions will prove to be correct. All forward-looking statements in this press release are expressly qualified by such cautionary statements, risks, and uncertainties, and by reference to the underlying assumptions.

Contact:

Gifford Ludwigsen, President & CEO

PEI Worldwide Holdings, Inc., 1-254-214-5523

SOURCE PEI Worldwide Holdings, Inc.