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RPM
TECHNOLOGIES, INC (OTCBB: RPMM) |
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Editor's
Note:
We have previously featured RPM
Technologies, Inc., (OTCBB: RPMM) the producer of innovative
plastic pallets used to move material and products within a manufacturing
plant and for the transportation of goods. RPM has just completed
a $2.5 million funding that will be used to establish a new
40,000 sq. ft. manufacturing and processing facility, providing
a new profit center for the company. RPM expects to generate
$2 - $3 million in incremental sales of resin from recycled
plastic - above and beyond resin that will be used to manufacture
RPM’s proprietary line of pallets! READ THE FULL STORY
BELOW
To review our complete profile
on RPM Click
Here
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Today's
*Breaking News* From RPMM |
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Press Release
Source: RPM Technologies
Inc.
Wednesday July
14, 12:39 pm ET
RPM
TECHNOLOGIES, INC. COMPLETES $2.5 MILLION FINANCING WITH LAURUS
FUNDS FOR
EXPANSION OF
MANUFACTURING FACILITIES
PLAINFIELD, Ill.--(BUSINESS
WIRE)--July 14, 2004--RPM Technologies Inc.(OTCBB:RPMM - News)
management signed convertible debt agreements with Laurus Master
Fund, Ltd. (“Laurus Funds”) pursuant to which Laurus Funds will
provide $2.5 million for capital investments in manufacturing machines
and equipment. The majority of these funds will be used to
establish a manufacturing and processing facility in Illinois that
will produce plastic pallets and recycle discarded post-consumer
and post-industrial plastic material.
To date, RPM has contracted for
the manufacture of its plastic pallets. The new 40,000 sq. ft. facility,
which is expected to be fully operational in September 2004, will
produce plastic pallets, plastic lumber and process and grind recyclable
plastic material. Agreements with local sources of plastic
scrap indicate that an adequate supply of resin will be available
to produce RPM’s products and also offer recycled plastic resin
to other molders.
The new facility is expected to
create an additional profit center for the company. Management
anticipates $2 - $3 million in annual resin sales above and beyond
resin that will be used to manufacture RPM’s proprietary line of
pallets. Having an RPM grinding operation as a part of RPM
is expected to generate profits on a regular basis once operations
are fully implemented. This is expected to enable lower selling
prices for RPM’s popular export pallets and for its custom plastic
pallet components. Management expects savings and increased
operating efficiency to accrue immediately following implementation
of its new manufacturing facility.
Laurus Funds received 1,125,000
warrants to purchase RPM Technologies’ common stock in connection
with the aforementioned financing.
RPM estimates sales will continue
to accelerate to the $3 to $4 million level this year and higher
in 2005. RPM trades on the OTCBB. Its trading symbol is RPMM.
Visit the RPM website at www.rpmplasticpallets.com.
Important Note: Certain business
and financial information given herein contains forward-looking
statements and therefore may involve known and unknown risks and
uncertainties that may cause the actual results, performance and
achievements of RPM Technologies, Inc. to be materially different
from those expressed or implied by such forward-looking statements.
Many of the forward-looking statements herein are indicated by the
words “expect”, “anticipate” and “estimate” and include statements
regarding the new facility, the adequacy of future resin supply,
expected sales, profits and prices. Some of the factors that
may cause such material differences are delays encountered in establishing
the facility, unexpected loss of business, change in market conditions
and/or other unforeseen events.
Contact:
RPM Technologies Inc., Plainfield
Charles Foerg, 815-293-1190
Source: RPM Technologies
Inc.
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ABOUT
RPM TECHNOLOGIES, INC. |
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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.
THE MARKET
"The pallet market in
US alone is approximately a $10 billion
a year market. Currently, 90% of
the market is wood pallets and 10% is plastic. However,
the pallet market is shifting from wood to plastic at the rate
of 3% to 5% per year. At this rate plastic pallets should
account for 50% of the market within the next 5 years."
RPM PRODUCT FEATURES
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
  
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RPM PALETS
·
Super-Strong, Lightweight, Easy-to-Handle,
and Maintenance-Free.
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Safe, Sanitary, and east to Sterilize.
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Will Not Rot, Warp, Dent, Shrink, Change Weight or Splinter.
·
Impervious to Water, Chemicals, Liquids, Gases, Infestation,
Mold and Mildew.
·
Safely Stored Outdoors.
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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.
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***
Selected Financial Information *** |
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Shares Outstanding: 14,409,156 as of 2004-03-15
Estimated Market Cap: $3.314M as of 2004-07-09
Hi /Lo Share Price: $0.16 - $0.70 (52 wks)
Average Daily Volume: 13,761 (3 mo.)
Auditor: S.W. Hatfield, Dallas , TX
Transfer Agent: Securities Transfer Corp.
To review SEC filings for RPM Technologies Click
Here
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CONTACT ***
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Charles Foerg, Secretary / Treasurer
RPM Technologies Inc.
21061 West Braxton
Plainfield, IL 60654 US
Fax: 815-407-0731
Phone: 815-293-1190
Company Web site: http://www.rpmplasticpallets.com/
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including those pertaining to estimates and related plans, potential
mergers and acquisitions, estimates, growth, establishing new markets,
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of historical fact, are forward-looking statements subject to a number
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This report is a paid advertisement and is for information purposes
only and should not be used as the basis for any investment decision.
MP has been compensated fifteen thousand dollars by RPMM for preparation
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