SNCG - SNCG : S I N C L A R E GROUP INC (OTC) All Headlines
Hightec, Inc. Agrees to Buy U.S. Cement Company
LAS VEGAS, Aug. 30 /PRNewswire/ -- Larry Stockett, President of Hightec, Inc., (OTC Bulletin Board: HTEH), announced today that Hightec, Inc. agreed to purchase U.S. Cement Company giving Stockett 60% ownership and Stockett's venture capital company (OTC Emerging Growth Fund) approximately 20% ownership of Hightec. Hightec also owns 20% ownership of Sinclare Group Inc. Stockett also announced in a separate press release today that he had vended his 90% ownership of Primm Valley Transit Authority and Market Street Square into Sinclare Group, Inc.
The U.S. Cement business plan includes acquiring a local ready mix company (closing in September) with nearly $11 million in sales and building a freight train station in Las Vegas to unload Portland cement in 12 ton bags. U.S. Cement plans to take advantage of $20 per ton cement prices in Indonesia and $80 per ton cement prices in Las Vegas to meet the phenomenal construction needs of America's fastest growing city. Stockett says it will cost about $20 per ton to back haul the cement on coal boats returning empty to Los Angeles, and empty coal train cars returning from Los Angeles to Wyoming through Las Vegas.
With Las Vegas consuming over 2 million tons of cement per year, Stockett claims it is possible for his company to capture 50% market share of the Las Vegas market within two to three years. As detailed in the Business Plan, it is also possible for the company to capture 50% of the entire 4.2 billion U.S. cement industry within five years using its unique transportation strategies. Stockett says his company has an exclusive patented waterproof bag that holds 12 tons of cement, serves as its own storage silo and can be loaded and unloaded from boats and trains five times faster than conventional bulk pneumatic cement discharging systems. A $20 - $40 per ton competitive advantage in the U.S. cement industry represents the opportunity to completely transform the distribution channels of the industry.
Hightec was trading at $.25 per share prior to the acquisition. Stockett believes that Hightec has the potential to achieve rapid price appreciation as shareholders realize that Stockett has agreed to transfer millions of dollars of his personal assets, valuable new cement industry contracts, and a significant ready mix company acquisition into the public company which has been dormant for the past two years. According to Stockett, "The only direction my cement business can take Hightec Inc. is up."
Stockett's credentials and his entire U.S. Cement Company strategy can be seen on the Internet at uscement.com. Hightec, Inc. owns 8 million shares of Sinclare Group, Inc. Information on Stockett's Casino Trains announced recently by Sinclare Group, Inc. (OTC Bulletin Board: SNCG) can be seen at uscement.com.
For more information contact the company at (702) 369-2126.
This press release contains certain forward looking statements, which are presented under the SEC "Safe Harbor" rules. There can be no assurances that such future plans or projections will be completed, or that if completed will generate the results anticipated.
--------------------------------------------------------------------------------
SOURCE: Hightec, Inc.
CONTACT: Larry Stockett of Hightec, Inc., 702-369-2126
|
