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InAmerica Outsources Manufacture of ExoGear Unit’s Product Lines


Dallas, TX  - November 18, 1999 - InAmerica Corporation (NASDAQ BB: INAO), a buyout specialty firm, announced today that it has entered into an Master Supply Agreement that effectively outsources the manufacture of its ExoGear remediation equipment.  The move follows the acquisition of the business and product lines of Ameri Environmental, Inc., a privately held manufacturer of environmental equipment last month. ExoGear will  operate as a marketer of remediation products. ExoGear was formed in August when the Company acquired Dynamic Process Industries, a manufacturer of water-related environmental equipment. The transaction was treated as an asset purchase for accounting purposes."Ameri Environmental’s product lines of belt skimmer and reclamation devices, substantially broadened ExoGear’s position as a leading environmental specialty manufacturer," said C. Gus Cristo, President and CEO of InAmerica.


"By outsourcing all manufacturing for the combined entity, merging of the distributor networks and the construction of a comprehensive information and sales website at www.exogear.com, ExoGear is now positioned as an excellent candidate for a strategic acquisition by a major company seeking to enter or expand its position in the water-pollution industry." said Cristo.


InAmerica is a diversified holding company that specializes in developing leading edge innovative technologies and the acquisition, reorganization and turnaround of distressed businesses that retain dramatic potential once a recovery is completed.  The company typically seeks to divest itself of the revived businesses through spin-off or outright sale to a company with a strategic need and fit.


This announcement contains forward-looking statements based upon the Company's intentions or beliefs that reflect the current views of the Company and its management about future events and are subject to certain risks, uncertainties and assumptions. The Company's actual results could differ materially from those projected in such forward-looking statements as a result of a number of factors including competitive factors and pricing pressures.


Press Contact:

C. Gus Cristo,

CEO

InAmerica

  1. (918)622-3300