RPM TECHNOLOGIES, INC (OTCBB: RPMM)

Editor's Note: 

As always, StockUpTicks pursues the better mousetrap stories from the publicly traded world, those companies who endeavor to improve upon existing concepts and products. And occasionally, we find these compelling plans amid the masses. It is with far less frequency, however, that we find a story such as this with an environmental aspect.

Now, dear reader, we know that industrial pallets aren't "sexy". They may carry sexy or exciting items in their utilitarian travels but at base they are the yeoman of the transport industry. And for years, this industry has been reliant on wood pallets to conduct their business. They break, they're heavy, they require the destruction of trees and worse yet, they can cause injuries to the labor force via nails and splintered edges.

Enter a plastic solution; stronger, impervious to extreme temperature, insects and more. And they're recyclable.

We've taken the time to outline some important aspects of RPM Technologies, the producer of these innovative plastics. It is also our belief that Darwin was right and eventually the stronger "species" prevails.

Perhaps, in the end that may be more important than "sexy."

Please take the time to read this profile.
 

RPM Technologies Inc. develops, produces and markets plastic pallets used to facilitate the storage or transport of a wide variety of goods via by forklift within a warehouse operation or via truck, freight train or other cargo carrier.  RPM has developed what it believes to be a proprietary processing system of producing stronger, environmentally-superior, cost effective, plastic pallets using mostly recycled raw materials. 

Since the pallets are made from recycled plastic they overcome many of the drawbacks associated with wood pallets including: durability, weight, environmental concerns and the potential for injuries caused by puncture wounds from nails and splinters. 

RPM launched its marketing efforts in 2000 and began direct sales of its plastic pallet products. The Company's time and efforts have been devoted to market and product research, product design and development, preparation of marketing plans and strategies, and obtaining the financing necessary to expand operations. 

The plastic pallet industry began in the 1980's in response to the need for lighter-weight pallets that met new environmental regulations and concerns.  Plastic pallets are strong, can withstand extreme temperatures and are impervious to insects and water.  The Company sells its plastic pallets and accessories through a network of wood and plastic pallet distributors strategically located in the U.S., Canada, and Central and South America. 

Pallets are used in virtually all industries in which products are broadly distributed, including, but not limited to, automotive, chemical, consumer products, grocery, produce and food production, paper and forest products, retail, steel and metals industries.  Forklifts, pallet trucks and pallet jacks are used to move loaded pallets, reducing the need for costly hand loading and unloading at distribution centers and warehouses. 

Wood pallets currently comprise the vast majority of the entire pallet industry.  Based upon the company's review of industry documentation and an internal telephone survey of 25 plastic pallet manufacturers, RPM estimates that plastic pallets constitute approximately 6% of the total pallets used in the U.S. 

Approximately 90 countries have mandated the discontinuance of soft wood packaging materials for the importation of goods into their countries. With $30 billion spent each year on packaging materials and $10 billion of that in pallets, RPM plans to capture a significant share in the profitable, export market.  The company's target market consists of grocers, bottlers, distributors, and packaged goods manufacturers that have traditionally used wood pallets. The estimated annual sales volume for all of the products featured on the RPM website can be estimated at $50 billion.

An expanding distribution network and technologically-advanced product line provide RPM with the competitive edge to meet pent-up demand for wood pallet alternatives over the next five years. 

A pallet is a portable platform designed to accommodate the storing or moving of cargo or freight. Pallets have been used for decades as an efficient method for handling many different types of materials. Until recently, pallets have primarily been manufactured from wood. 

RPM plastic pallets are a mix of recyclable plastic materials that enhances economy and structural integrity. The blends used consist of HDPE, PPO, Polypropylene and PET in a proprietary formulation. A thermoplastic additive, developed by RPM in conjunction with Endex Polymer Additives, Inc., enables the amalgamation of chemically incompatible polymers. This permits a significant reduction in raw material and processing costs while producing an end product of superior strength and durability. 

The additive provides efficient integration of commingled dissimilar polymers, which would normally have little or no affinity for each other. It reduces melt viscosity and acts as a wetting agent for inorganic substances. Tests performed under strict laboratory conditions have clearly indicated a marked improvement in bonding. This additive also enables polymers to be molded at lower processing temperatures. Additionally, it serves as a filler or extender to thermoplastics, lowering the cost of the end product. 

RPM pallets weigh considerably less than a wood pallet of comparable size. RPM's recycled plastic pallets can be made to specification and color too. Special features include a non-slide, sure-grip surface and bottom texture to eliminate sliding  pallets and shifting loads. An inter-locking, nesting feature saves space and facilitates easier shipping and storage. Strategically placed drainage holes enable easy cleaning. Undesirable characteristics such as leeching, color-transfer and odor retention have been eliminated. 

Pallet Enterprise magazine, conducted a survey in 1997 that investigated the use of substitute materials for wood pallets. Plastic came out on the very top. The three most important considerations stated by shippers were: 

• 1) Cost per use  
• 2) Durability  
• 3) Employee handling, safety and quality 

Plastic Pallets:
Rackable Pallets, Nestable Pallets, USDA/FDA Pallets, Steel Pallets, Aluminum Pallets, Stackable Pallets, Custom Pallets, Export Pallets, Fire Retardant Pallets and Wire Mesh Pallets. 

Pallet Containers 
Wire Pallet Containers, Steel Pallet Containers, Rigid Fixed Wall, Sleeved Pallet Containers, Attached Lid Containers, Rigid Wire Mesh Containers, Collapsible Pallet Containers and FDA Pallet Containers.

Pallet Rack and Stack Racks 
Pallet Rack, Pallet Rack Accessories, Stack Racks and Stack Rack Accessories.

Shelving
Steel Shelving, Wire Shelving, Record Storage Shelving File Storage Shelving and Bulk Shelving.

Lockers
Standard Lockers, School Hall Lockers, Personnel Lockers, Sports Lockers, Country Club/Recreational Center Lockers, Locker-room Lockers, Plastic Lockers and Professional Athletic Facility Lockers 

WARRANTY 
RPM pallets have a 3-year warranty against defects in  materials and workmanship on all its products. 

FLEXIBLE TERMS 
Compare contract purchasing with leasing. As an alternative to buying, RPM offers options for financing or leasing its products. 

BUY-BACK PROGRAM 
Since RPM pallets are made of 100% recyclable material, RPM will buy back and recycle your non-serviceable pallets in truckload quantities. The Buy-Back Program not only offers environmental benefits but also decreases your initial purchase costs. 

CUSTOMER SERVICE AND SUPPORT 
Your RPM representative is your primary source for service and support, available during business hours to assist you with all matters relating to RPM products/programs. A Company "hotline" is also available for back up if a service need arises. 
 

*** Selected Financial And Shareholder Information ***

RPM Technologies, Inc. 
Auditor: S.W. Hatfield, Dallas , TX 
Transfer Agent: Securities Transfer Corp. 

Authorized Shares Outstanding: 
Preferred $0.001 par 50,000,000 
Common $0.001 par 250,000,000 
Float: 
ShareHolders:  555 (03/28/02) 
Long term debt: None 

HISTORICAL BUSINESS INFORMATION: RPM Technologies Inc., formerly known as Mann Enterprise, Inc. was incorporated in the state of Delaware on April 10, 1996. On January 4, 1999, the Company executed an Asset Purchase Agreement by which it formalized the acquisition of rights to the designs, engineering, production and sales of the plastic pallets of Savoia Corporation, a Delaware corporation. However, the transaction was consummated on August 20, 1998 when the Company issued 4,086,957 shares of the Company's Common Stock in consideration for Savoia's assets. The Company did not conduct material operations until March 17, 2000, when it acquired RPM Technologies, Inc., a Colorado corporation (RPMC). RPMC became a subsidiary of the Company according to a stock-for-stock exchange. On April 17, 2000, the Company collapsed the RPMC subsidiary when RPMC was merged into the Company, and the Company adopted the name, RPM Technologies, Inc. Until the first quarter of 2001, the Company had no substantial operations or substantial assets and was considered to be in the development stage. During the second quarter of 2001, the Company began direct sales of its plastic pallet products.  On November 9, 2001, shareholders owning approximately 9,963,786 shares, or 61% of the outstanding Common Stock, voted to amend the Company's certificate of incorporation to increase the number of shares of the Company's common stock authorized for issuance from twenty million (20,000,000) to two hundred fifty million (250,000,000)and to effect the one-for-five (1-for-5) Reverse Stock Split. 

To review RPM SEC filings, Click Here
 

*** CONTACT ***

RPM Technologies Inc. 

Company Contact: 
Charles Foerg 
21061 West Braxton 
Plainfield, IL 60654 US 

Fax: 815-407-0731 
Phone: 815-293-1190 
Company Web site: 

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