SPT Sulphur Polymer Technologies Inc. announced that it has entered into a letter of intent with Mr. Wlodzimierz Myslowski of Poland to acquire all rights to the patents, patent applications, know-how, and other intellectual property pertaining to the manufacture and distribution of the Sulstar and Sulconcrete technology for waste sulphur conversion into useful sulphur polymers. Upon closing of the definitive agreement and the transactions contemplated therein, Mr. Wlodzimierz Myslowski of Poland will be appointed as a director and Chairman of the Board and Mr. Grzegorz Myslowski of Poland will be appointed as a director, President, and CEO of the Company. Mr. Grzegorz Myslowski ‘s appointment to the Board will occur at the next shareholders' meeting.

Messrs. Myslowski are established businessmen in Poland.