RTEK, Check this out folks! It just came off of its 52 week low last week. They are saying that from their research that recycled rubber is more economical and safer thatn wood chips or sand!
An easy double from these levels!
Monday November 8, 9:15 am Eastern Time
Company Press Release
Rubber Technology Announces Playground Material Contract
LOS ANGELES, Calif.--(BUSINESS WIRE)--Nov. 8, 1999--Rubber Technology International Inc.
(OTCBB:RTEK - news) announced today that the company has secured another major contract with The
Alpine School District of American Fork, Utah, for 1 million pounds of Rubberized Playground Fill.
Their research and experience has shown that Rubberized Playground Fill is safer and more cost-effective than previously used material such as wood
shavings or sand.
Negotiations with other school districts are currently under way both in Utah and California for the use of Rubberized Playground Fill. It is expected that
as the news spreads about the use of Rubberized Playground Fill (from recycled tires), many more such contracts will be forthcoming.
Rubber Technology International is a leader in the tire recycling industry. The Los Angeles-based company is paid to receive scrap tires that are then
ground into crumb rubber, which is in ever-increasing demand for molded goods, horse arenas, playgrounds and in rubberized asphalt.
Special Note Regarding Forward-Looking Statements: Certain statements contained in this news release are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties that could cause actual results to differ materially
from those expressed or implied in the applicable statements. These risks and uncertainties include, but are not limited to: entry in the market by new
competitors, the company's dependence on key personnel, the possible impact of competitive products and pricing, general business conditions in the
economy, the actions of customers of the company's products, managing growth and other risks, all or any of which, may have a material adverse
impact on the company, its business, business products and financial condition.
Contact:
Rubber Technology International, Inc., Los Angeles
Barbara Young, 323/268-6842 (Investor Relations)
Internet: www.RubberTechnology.com |
