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January 13, 2010

Raj Mehta, President, announces an important change in ownership of Crest Foam Industries Inc.

Crest Foam was jointly owned by The Vita Group, UK (80%) and Inoac Corporation, Japan(20%) Effective today, Inoac USA Inc. has acquired 100% shares of Crest Foam Industries. Inoac had been the minority shareholder since 1997 and is quite familiar with the operations, personnel and business of Crest Foam and, as such, the acquisition indicates a strong confidence in Crest's business and growth prospects.

Inoac Corporation is a 60 year old, family-owned, diversified polymer chemistry company and a global technology leader in the fields of automotive, eletrical/electronics, industrial and housing/construction industries among others with annual group sales exceeding $2.5 billion. Inoac was among the first companies to introduce polyurethane technology and manufacturing in Asia in the 1950's and is recognized as a leader in polyurethane technologies. Inoac has a superb long-term record of developing its' group companies to become global leaders in their respective product technologies.

We at Crest are very excited about the new ownership as it will significantly broaden our product portfolio and create new opportunities to serve our customers' needs globally. Crest will continue to operate as a stand-alone entity with the same management team and staff and will, as always, continue to be responsive to our customers' needs. We are confident that with Inoac's expertise in technology and product development, Crest will be able to serve your future needs in a large variety of applications and geographic markets.

I wish to thank our valued customers for their continued support and business with Crest Foam. If there are any questions, please do not hesitate to call me or members of our sales team. We look forward to supporting your business needs in the future and growing our mutul business.