Thermacell Technologies Opens Daytona Production
Facility
DAYTONA BEACH, Fla., Oct. 27 /PRNewswire/ -- Thermacell Technologies, Inc. (Nasdaq: VCLL - news, VCLLW -news) announced today that its manufacturing plant located at 440 Fentress Blvd, Daytona Beach, FL 32115 will be online and operational November 1, 1999. The facility will be capable of producing Vaxcells, as well as microspheres using Dr. Day's techniques (see PR News release, Oct 14, 1999). Essential stones as well as other consumer items, to be announced within the
next few days, will also be manufactured at this plant. Initial capacity will vary by product but the plant can produce approximately 8 tons (16,000 lbs.) of Vaxcells daily, which will meet or exceed Keystone Industries first year requirements.The Company is making arrangements to purchase additional equipment to expand its production to include Essential Stones as well as other consumer goods.
The company uses Vaxcells as an additive in paints and coatings to reduce heat and act as a sealant, and can be used in other industries and products to enhance performance as well as reduce costs in: chemicals, cosmetics, fragrances, construction, pharmaceuticals, aerospace and others. Keystone Ind., (PR News release, Aug. 24) agreement calls for 4 to 6 million pounds over the next two years, utilizing the Vaxcells as a sensitizing agent in emulsion explosives for surface mining.
John Pidorenko, President and CEO said, ''I'm delighted to see (hurricane) Irene didn't slow down our opening. This plant will change our company forever and will insure profitability for now and the future. The millennium is looking good for the company and its stockholders.''
Forward-Looking Statement: This news release contains certain ''forward-looking'' statements within the meaning of the Private Securities Litigation Reform Act of 1995, which provides a new ''safe harbor'' for these statements. To the extent statements in this news release involve, without limitation, product development and introduction plans, the company's expectations for growth, estimates of future revenues, expenses, profit, cash flow, balance sheet items, sell-through or backlog, forecasts of demand or market trends for the company's product categories and for the industries in which the company operates, or any other guidance on future periods, these statements are forward looking statements. The company assumes no obligation to update forward-looking statements.
Company contact: Tony Quinones @ 800-363-9928
E-mail: jquin48895@aol.com
or
John Carney 352-394-7930
E-mail: pride8143@earthlink.net
SOURCE: Thermacell Technologies, Inc. |
