NORCROSS, Ga. -- Light Management Group Inc.(LMG), (NASD-OTC/BB: LMGR), developer of new applications in optical and light technologies, today announced that it has signed a definitive agreement to acquire controlling interest in Equitech Int'l Corporation(Equitech) and its subsidiaries. Equitech Int'l is headquartered in Aiken, South Carolina. Equitech is a developer of a next generation fiber-optic product line which includes: the Equispec (TM) Film Thickness Analyzer, Color Analyzer and Chemical Process Analyzer; the Millennium 3 Spectrometer; and a complete line of fiber-optic probes. The Equitech Int'l product line will serve strategically to complement the proprietary acousto-optic product line developed by Light Management Group. "Equitech Int'l Corporation is pleased to have reached an acquisition agreement with Light Management Group," said Ronald L. Floyd, CEO, Equitech Int'l Corporation. "Equitech has many market opportunities and is currently selling to Fortune 500 companies in the fiber-optic chemical and pharmaceutical industries. Our partnership with Light Management Group will enhance our ability to better service the needs of these industry leaders. It will also enable us to penetrate markets faster and in higher volumes than was possible on our own." Light Management Group Inc.