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American Innovations Forms Two Divisions; Will Phase Out
Bass-Trigon Name

AUSTIN, TX – June 24, 2005: American Innovations, Ltd. (AI) announced that it has formed two divisions and intends to gradually phase out the Bass-Trigon name. The Field Data Division (FDD), headquartered in Austin, includes the Bullhorn® Remote Monitoring System, Pipeline Compliance System (PCS), Allegro Field Computer™ and MicroMax™ GPS synchronized current interrupter products. The Integrity Management Division (IMD) includes all integrity management products and services and is headquartered in Littleton, Colorado. These moves reflect changes in name only; no employees will be displaced, moved or reorganized as a result of these actions. While effective immediately, these actions reflect organizational changes that were implemented in October 2003 and the phase out of the Bass-Trigon name is expected to be accomplished over the next three to six months.

Since the 1996 merger of Bass Software with Trigon Software, the Bass-Trigon name has been associated with the leading products for corrosion and integrity compliance. Following its acquisition from Corrpro Companies in March 2003, Bass-Trigon Software was operated as a wholly-owned subsidiary of AI. In October 2003, management of the PCS and Allegro Field Computer products was moved to Austin to better balance resources and alignment with customer contacts.

“The Bullhorn, PCS and Allegro product lines are all sold to the same customers. While the Integrity Management Division sells to the same companies, its sales contacts within those companies are almost always different,” explained Rich Smalling, President of American Innovations. “Combining the Bullhorn, PCS and Allegro products aligned our development and sales efforts with customer needs. It also freed up IMD to focus completely on meeting the incredible demand for its products and services.”

AI retained the Bass-Trigon name following the October 2003 realignment in order to maintain continuity within the industry and foster an orderly transition of the product lines. Since the assets of Envirosense were acquired and combined with the Bullhorn, PCS and Allegro products in November 2004, it has become increasingly apparent that the Bass-Trigon name is creating confusion within the industry and within the AI organization.

“American Innovations has established its own presence in the corrosion industry as a company whose products work reliably and offer good value. With the addition of the Bullhorn i-series ICP and MicroMax GPS synchronized current interrupters, the Field Data Division of American Innovations provides one stop shopping for the corrosion professional that needs best-in-class tools to accomplish corrosion surveys and manage survey data,” explained Lee Blankenstein, Vice President of Sales and Marketing for the Field Data Division. “We will continue to improve our solutions for collecting, managing and assessing field data both through internal development and by seeking to acquire other leading product lines.”

“Obviously, at least for Jim Bass and myself, the Bass-Trigon name will always have a special place in our hearts. The business has grown to more than ten times what it was when we merged in 1996,” said Mike Gloven, President of the Integrity Management Division. “The realignment of products in October 2003 allowed IMD to focus completely on satisfying the demand for our integrity management solutions. Effectively labeling these divisions helps communicate this focus to our clients. IMD will expand its solutions for integrity management both by continuing to develop innovative new solutions in-house as well as seeking strategic acquisitions.”

The Bass-Trigon name will gradually be replaced by American Innovations’ Field Data Division and Integrity Management Division as appropriate. American Innovations is also taking this opportunity to consolidate the websites of Bass-Trigon and American Innovations into one website. For more information, please see our web site (www.amerinnovations.com) or call 800-229-3404.

About American Innovations: Based in Austin, Texas, American Innovations is a fast growing provider of products and services for the oil and gas market, as well as other industrial markets. Its Field Data Division, headquartered in Austin, includes Bullhorn® web-based remote monitoring, MicroMax™ GPS synchronized current interrupters, Allegro Field Computers and the Pipeline Compliance System (PCS) software. Its Integrity Management Division, headquartered in Littleton, Colorado, includes the IAP, IMP and FMP software systems, RiskCat HCA identification and engineering services aimed at helping oil and gas companies comply with integrity regulations.

 

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