RPM TECHNOLOGIES, INC (OTCBB: RPMM)

Editor's Note: 

You will recall our recent feature on RPM Technologies, Inc., the producer of innovative plastic pallets used to move material and products within a manufacturing plant and for the transportation of goods.  Today's Breaking News from RPMM announces that they have created a new pallet design that is  gaining great acceptance within the automotive industry.  Please read on!
 

Today's *Breaking News* From RPMM

Press Release
Source: RPM Technologies Inc.
Tuesday October 21, 8:05 am ET 

"The problem was damage to parts, such as doors, as they moved through the assembly process," said Randy Zych, CEO of RPM Technologies. "We designed a rubber-impregnated plastic pallet that keeps metal from directly contacting a hard surface such as plastic or wood, which can cause scratches and abrasions requiring repair or refinishing. Rubber strips were molded into the pallet's surface, enabling a half-inch rise, which prevented damage and saved the manufacturer time and money." 

The automaker evaluated the product and its effectiveness for several months as RPM helped with refinements and testing. "With the success of this pallet design we expectthe resulting product to find acceptance within a myriad of other manufacturing environments as well," said Zych. 

RPM Technologies manufactures plastic pallets and other material-handling products featured on its Web site www.rpmplasticpallets.com. The company has positioned itself as a material-handling specialist, poised to find solutions for its many customers'material-handling problems. RPM has many Fortune 500 customers, providing them
with superior products at competitive prices. 

In addition to the automotive industry, RPM sells its products to food manufacturers, distribution centers, steel companies and a variety of shippers in the United States, Canada and South America. 

Statements in this press release about the company's future expectations, including the rate of growth of the plastic pallet market, and all other statements in this release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21 E of the Securities Exchange Act of 1934,
and as that term is defined in the Private Securities Litigation Reform Act of 1995. It is important to note that actual results and ultimate corporate actions could differ materially from those in such forward-looking statements based on such factors as changes in consumer demand, satisfaction or desire for our products for a variety of reasons. Such "forward-looking statements" are subject to risks and uncertainties set forth from time to time in the company's reports filed with the SEC including its report on Form 10-KSB for the year ended Dec. 31, 2002 and Form 10-QSB for the quarter ending June 30, 2003 and others. 

Contact: 
RPM Technologies Inc., Plainfield
Charles Foerg, 815-293-1190

Source: RPM Technologies Inc.
 

ABOUT RPM TECHNOLOGIES, INC.

An RPM plastic pallet that costs $11 will last at least 75 trips, or $0.15 per trip A grade A wood pallet that costs $8 will last about 7 trips, or $1.14 per trip

• 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 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 

RPM PALETS · Super-Strong, Lightweight, Easy-to-Handle, and Maintenance-Free.  · Safe, Sanitary, and east to Sterilize.  · Will Not Rot, Warp, Dent, Shrink, Change Weight or Splinter.  · Impervious to Water, Chemicals, Liquids, Gases, Infestation, Mold and Mildew.  · Safely Stored Outdoors.  · 30% - 50% More Weight Support Than Wood.  · Environmentally Friendly -  Reduction in Forest Product Usage.  · Stackable Strength: RPM's 16 leg design distributes weigh and won't tip over. · RPM Pallets have drain holes eliminating problems with water drainage.

*** Selected Financial Information ***

Auditor: S.W. Hatfield, Dallas , TX 
Transfer Agent: Securities Transfer Corp. 
Shares Outstanding: 10,003,013 (as of 8/14/03)
Revenues: $184,500 (3 mo. ending 6/30/03)
Gross Profit: $84,213 (3 mo. ending 6/30/03)
ShareHolders:  555 (03/28/02) 

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 SEC filings for RPM Technologies Click Here
 

*** CONTACT ***

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