TLWN-HERE IS YOUR FIRST ONE BEN..
(COMTEX) B: TRIM-A-LAWN CORPORATION TO INTRODUCE PATENTED, ENVIRONMEN
B: TRIM-A-LAWN CORPORATION TO INTRODUCE PATENTED, ENVIRONMENTALLY FRIENDLY
DROP-LOAD BATTERY SYSTEM FOR ITS LAWN TRIMMER/MOWER ANNUAL MARKET OF $25
Million Seen
UTICA, N.Y., Feb 22, 2000 /PRNewswire via COMTEX/ -- Trim-A-Lawn
Corporation (OTC Bulletin Board: TLWN) announced today that it will
introduce its drop-load battery system for use on its wheeled
walk-behind trimmer/mower models in model year 2001. A patent has been
issued to Trim-A-Lawn for the concept of its unique battery system,
which permits virtually continuous operator use because of its
quick-change battery pack (drop-load) feature. This enhancement is in
addition to the principal consumer benefits of a cordless
trimmer/mower, which are the reduced noise level and elimination of
exhaust, in comparison to gas-powered models.
The Environmental Protection Agency estimates that 5 % of the smog in
the U.S. is produced by lawn and garden equipment. Mr. Dallas W. Jones,
President/CEO of Trim-A-Lawn, commented: "Several states, including
populous California and Florida, have issued mandates to reduce
pollution and noise levels from the use of gardening equipment. These
regulations will require use of the best available technology, which we
expect to boost demand for our drop-load battery system, after its
introduction."
The lawn and garden industry has annual sales of about $30 billion, of
which approximately $10 billion is in the outdoor power equipment
category. Within this outdoor power equipment market, the walk-behind
trimmer/mower is the fastest growing segment. By Trim-A-Lawn's
estimates, annual unit sales of walk-behind trimmer/mowers were
approximately 50,000 in 1996 and 275,000 in 1999, and are projected to
rise to some 1,000,000 by 2004. Trim-A-Lawn President Dallas Jones
added: "It is advantageous, but no accident, that Trim-A-Lawn's
walk-behind trimmer/mower is in the fastest growing category in its
market, and we project that future demand for our patented, drop-load
battery system product should exceed $25 million annually. We expect
Trim-A-Lawn's sales of drop-load products to grow rapidly because of
its exclusive, competitively superior features; its value pricing; and
its growing regulatory -- mandated use. This product will be offered to
Trim-A-Lawn's existing marketing channels of mass merchandisers
(including Menards, TrueValue Hardware, Ace Hardware, Meijers, Wal-Mart
and others) as well as outdoor power equipment dealers, foreign markets
and customer direct."
Trim-A-Lawn Corporation is an industry leader in walk-behind trimmers
and accessories. Trim-A-Lawn is a publicly traded company located in
Utica, New York, which manufactures successful and unique walk-behind
trimmers.
(COMTEX) B: TRIM-A-LAWN CORPORATION TO INTRODUCE PATENTED, ENVIRONMEN
B: TRIM-A-LAWN CORPORATION TO INTRODUCE PATENTED, ENVIRONMENTALLY FRIENDLY
DROP-LOAD BATTERY SYSTEM FOR ITS LAWN TRIMMER/MOWER ANNUAL MARKET OF $25
Million Seen
UTICA, N.Y., Feb 22, 2000 /PRNewswire via COMTEX/ -- Trim-A-Lawn
Corporation (OTC Bulletin Board: TLWN) announced today that it will
introduce its drop-load battery system for use on its wheeled
walk-behind trimmer/mower models in model year 2001. A patent has been
issued to Trim-A-Lawn for the concept of its unique battery system,
which permits virtually continuous operator use because of its
quick-change battery pack (drop-load) feature. This enhancement is in
addition to the principal consumer benefits of a cordless
trimmer/mower, which are the reduced noise level and elimination of
exhaust, in comparison to gas-powered models.
The Environmental Protection Agency estimates that 5 % of the smog in
the U.S. is produced by lawn and garden equipment. Mr. Dallas W. Jones,
President/CEO of Trim-A-Lawn, commented: "Several states, including
populous California and Florida, have issued mandates to reduce
pollution and noise levels from the use of gardening equipment. These
regulations will require use of the best available technology, which we
expect to boost demand for our drop-load battery system, after its
introduction."
The lawn and garden industry has annual sales of about $30 billion, of
which approximately $10 billion is in the outdoor power equipment
category. Within this outdoor power equipment market, the walk-behind
trimmer/mower is the fastest growing segment. By Trim-A-Lawn's
estimates, annual unit sales of walk-behind trimmer/mowers were
approximately 50,000 in 1996 and 275,000 in 1999, and are projected to
rise to some 1,000,000 by 2004. Trim-A-Lawn President Dallas Jones
added: "It is advantageous, but no accident, that Trim-A-Lawn's
walk-behind trimmer/mower is in the fastest growing category in its
market, and we project that future demand for our patented, drop-load
battery system product should exceed $25 million annually. We expect
Trim-A-Lawn's sales of drop-load products to grow rapidly because of
its exclusive, competitively superior features; its value pricing; and
its growing regulatory -- mandated use. This product will be offered to
Trim-A-Lawn's existing marketing channels of mass merchandisers
(including Menards, TrueValue Hardware, Ace Hardware, Meijers, Wal-Mart
and others) as well as outdoor power equipment dealers, foreign markets
and customer direct."
Trim-A-Lawn Corporation is an industry leader in walk-behind trimmers
and accessories. Trim-A-Lawn is a publicly traded company located in
Utica, New York, which manufactures successful and unique walk-behind
trimmers.
This announcement contains forward-looking statements that involve
risks and uncertainties that include, among others, Trim-A-Lawn's
limited operating history, unpredictability of future revenues and
events, potential fluctuations of quarterly operating results,
seasonality, consumer trends, competition, management of potential
growth, and risks of new business areas, national and international
expansion, business combinations and strategic alliances.
SOURCE Trim-A-Lawn Corporation
(C) 2000 PR Newswire. All rights reserved.
prnewswire.com
-0-
CONTACT: Steve Frost of Trim-A-Lawn, 800-721-4852
WEB PAGE: trimalawn.com
GEOGRAPHY: New York
INDUSTRY CODE: REA
HOU
SUBJECT CODE: PDT
OTC
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