ICS Penetron Announces the Opening of their Subsidiary Office in Greece

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ICS Penetron International Ltd. announces the November 2006 launch of its Greek subsidiary Penetron Hellas.

ICS Penetron International Ltd., a leading manufacturer of integral crystalline waterproofing products, proudly announces the November 2006 launch of its Greek subsidiary Penetron Hellas.

Based on Long Island, New York, ICS Penetron International Ltd. holds a leading position in over 60 countries with its Penetron crystalline waterproofing and protection systems, Peneseal liquid waterproofing and hardening chemicals and Penebar water-sensitive expanding waterstops.

During the October 2006 SAIE Exhibition in Bologna, Italy, an agreement was signed between Mr. Robert Revera, CEO/Managing Partner of ICS Penetron International Ltd. and Mr. Theodor Mentzikofakis. Also in witness was Mr. Jozef Van Beeck, International Sales & Marketing Director for ICS Penetron International Ltd. Penetron Hellas will not only serve as a distribution point for Penetron products but will also establish relationships with members of the construction industry at all levels and facilitate the continued expansion, education and awareness of the Penetron brand.

Mr. Mentzikofakis, General Director/Managing Partner of Penetron Hellas comes with a long history of experience rooted in both large scale construction and construction chemical manufacturing companies. He also brings an extensive working presence that covers Greece and well into other areas of Southeastern

Europe.

Mr. Revera, CEO/Managing Partner stated that "we are very enthusiastic about the opportunities that our Greek office will facilitate. Having a base in Greece under the talented direction of Mr. Mentzikofakis will allow Penetron to further service the local market to the high standard that has been associated with our name."

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