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Technology Stocks : ENVK - Envirokare Tech Inc.

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To: jmhollen who started this subject	1/11/2001 11:07:57 PM
From: jmhollen	Read Replies (1) of 19

quote.com Canadian Market News from Market News Publishing, 01/3/2001 08:37 ENVIROKARE TECH INC - Revenues Projected to Double in 2001 [72] ENVIROKARE TECH INC is a development stage company that markets innovated products manufactured from recycled materials. Envirokare is a fully reporting company incorporated in the State of Nevada with common shares traded publicly under the symbol ENVK. Envirokare has developed a superior pallet. Major corporations purchase millions of pallets every year in North America surpassing $6 billion in sales. Over $1.3 billion of these pallets are destroyed or damaged and sent to land fills in their first year of service. Also, an additional $2 billion in product damage occurs due to poor construction or failing pallets. Our pallet provides a solution that greatly reduces customer product damage and replacement cost problems. Envirokare intends to capture a large portion of the replacement market. The Envirokare Pallet is produced from a state-of-the-art patented mixture and manufacturing process. Our pallet is very strong, has no fasteners, and features a long in-use life. Raw material used in constructing our products is obtained from recycled plastics. By utilizing the waste materials in the production of our high-end products, we contribute to solving numerous environmental problems that, till now, have been persistent and very troublesome. An experienced management team has been assembled at Envirokare. The team is aggressively implementing early phases of the corporate business plan. The company is poised to capture significant key account business and expects to meet production demands and lead-times tied to initial growth projections. In-use product testing began during first quarter of 2001. Program purchase commitments will be procured early in the year 2001. Currently projections anticipate capturing a substantial North American market share. Revenues are expected to double for each of the first three years of operation and dramatically increase in following years. Realization of these projections will generate tens of millions of dollars in revenue streams for Envirokare. This rapid growth rate will most likely lead to the company entering into arrangements that will vertically integrate current operations. This will be accomplished through the development and/or acquisition of additional finished products and raw material production facilities. The Envirokare team is focused on the challenge of developing solutions to environmental concerns that face us all. The corporate mission will be achieved by reducing the amount of waste material that abounds in the environment while providing quality products and services to customers and a solid rate of return to shareholders. Envirokare has tremendous growth potential with its unique Environmental Product Line. Envirokare's ultimate goal is to become an icon it the global pallet manufacture industry. Our research has discovered the pallet industry is under great pressure to make changes to compete in the 21st century. Pressure from governments; foreign and domestic, pressure from business; large and small and pressure from environmental groups. TEL: 888-799-5599 Envirokare Tech Inc., Mr. Debeer INET : envirokare.com Email: enviro@anv.net .

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