tirex.com
June 5, 2003
Tirex' primary objective continues to be to sell our patented cryogenic tire recycling system, the TCS, to our first commercial customer. In the meantime, our manufacturing partner Simpro S.p.A., is building a commercial facility in Italy to demonstrate the TCS technology.
Prospects are many, yet customer financing is the primary hurdle. Return on investment, even without government subsidies ( i.e. tipping fees) is very attractive and remains one of our stronger selling points. Further, we continue to see a need in the industry for new technology. With Simpro's ability to offer our first customers a performance bond, we believe it will insure the investors of the viability of our customers new tire recycling business.
Efforts are being made to restore us to the Bulletin Board and once reinstated we'll be in a more advantageous position to announce our relationship with Simpro (Dec'03,8K; see the Simpro profile posted on this web site under strategic alliances). This will also put Tirex and Simpro in a better position to exploit our technology.
Tirex management welcomes investors interested in investing in and/or joint venturing with companies wishing to purchase the TCS system from our manufacturing partner, Simpro, and thus engage in the recycling of tires and the production of marketable products with recycled content.
To our shareholders we say," hang in there"; and to new investors we welcome you as the market improves and Tirex moves forward.
John L. Threshie Jr.
President
. |
