Puget Technologies (OTCBB:PUGE), an emerging 3D printer and software company for the consumer market, today provided the following comments from its President and CEO Ron Leyland regarding recent 3D market analysis and events.

Keith Kmetz, Vice President at International Data Corporation (IDC), the premier global provider of market intelligence, reported, "While traditional print technologies are facing maturity, 3D printers will see worldwide unit shipments grow by 10 times over the forecast period, and worldwide hardware value will more than double in the short term." IDC's forecast period is between now and 2017.

In 2013, the 3D printing market experienced consolidation and acquisition by the major players. This past year also saw unique business models and subsequent competitors like Puget emerge. Coupled with the fact that a number of patents controlling the process of laser sintering are set to expire in 2014, fresh opportunities for the new home 3D printer are on the horizon for this year.

Commenting on developments, President and CEO of Puget Technologies Ron Leyland said, "We expect Puget could become more aggressive on joint venture and partner opportunities to shore up its strategic position, which could negatively pressure competitor's momentum in the space. In our opinion, there are a number of new market entrants in the 3D software and consumables technologies market that make consolidation less of a play in 2014."

Puget's 3D printing division, along with Stratasys (SSYS), 3D Systems (DDD), and ExOne (XONE), is expected to benefit from investors' expectations of solid announcements coming out of the Consumer Electronics Show next week in Las Vegas, Nevada.

Details about Puget's 3D printer division can be found at http://www.pugettechinc.com.

About Puget Technologies (PUGE)

Puget Technologies is a publicly traded company on the OTCBB Market stock exchange under the ticker symbol PUGE. Headquartered in Ft. Lauderdale, Florida, Puget Technologies acquires, develops and sells leading edge consumer oriented products ready for rapid commercialization. Much of its resources are dedicated to research and development in order to provide consumers with quality options while meeting the expectations of its investors.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange act of 1934, as amended, including statements that include the words "believes," "expects," "anticipates," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release only speaks as of the date of its distribution.

Puget Technologies
Ron Leyland, 954-332-2471