Anticipated California Market for Trim-A-Lawn's New Drop-Load Battery System Could Reach Over $30 Million
03/09 12:59
UTICA, N.Y., March 9 /PRNewswire/ -- Trim-A-Lawn Corporation (OTC Bulletin Board: TLWN) announced today it is negotiating with investor groups to introduce its patented drop-load battery system wheeled walk-behind trimmer/mower to California as its first consumer market.
Two venture capital firms contemplating investments into Trim-A-Lawn requested the patented system's introduction into California's mandated noise and pollution reduction environment. They feel Trim-A-Lawn's California market could be in excess of $30 million.
Within the industry for lawn and garden equipment the walk-behind trimmer/mower is the fastest growing segment. Mr. Dallas Jones, President of Trim-A-Lawn commented, "We want to capture the lion's share of the California market for noiseless and environmentally friendly walk-behind garden equipment being the first to introduce these products into this market."
The company also announced the addition of two new members to the Board of Directors, Jack W. Moore and Stephen B. Frost.
Mr. Moore, recently hired as National Sales Manager, has an extensive corporate and national sales management background. His career includes management positions with Crosman Airguns, Coleman Industries, American Airgun Association, and Utica Duxbak Corp. where he also served as a Director. Most recently he was the active owner of a small retail chain which he sold in 1998 having doubled the number of outlets.
Mr. Frost has been with Trim-A-Lawn since 1995 as Marketing Director. He was the active owner of a third generation outdoor lawn and garden equipment distribution and marketing business with sales of $25 million. He was instrumental in forming a national distributor association which represented many of the manufacturers in today's market with whom Trim-A-Lawn both competes and seeks alliances.
Mr. Dallas Jones added, "We will seek the addition of two more qualified members to our Board of Directors from outside the company and industry in the near future."
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. |
