RPMM .51 up .11...i will post more on this in a little bit but right now it is moving higher on 43,000 vol...note last para ref $10m rev for this year...last year was $1.5m rev:
RPM Technologies, Inc. Develops Innovative New Pallet Design
Tuesday March 30, 1:14 pm ET
PLAINFIELD, Ill., March 30, 2004 (PRIMEZONE) -- The following information is being issued by RPM Technologies, Inc. (OTC BB:RPMM.OB - News):
ADVERTISEMENT
Industry demand for plastic pallets continues to escalate as major US shippers switch from wood to plastic. Exporters are leading the changeover due to restrictions made by 90 foreign countries banning the use of untreated wood packaging and shipping materials. Higher cost of plastic versus wood is now offset by the cost to treat or coat a wood pallet.
RPM's export pallet, made from recycled resins, is actually less expensive than a wood pallet that has to be treated. Plastic is easier to store and transport; and, worker injuries due to splintering and gouging are virtually eliminated. Unlike wood, plastic is easy to clean. It's impervious to contamination and is consistent in weight and size.
One of the major complaints about plastic pallets, however, is that they're slippery. Boxes can slide causing load imbalance and possible product damage. Some plastic pallet manufacturers have provided varieties of surface textures to retard slippage. Unfortunately, they haven't worked to the satisfaction of most shippers. Even when a plastic pallet's surface has been scuffed or abraded, loads will slide and shift.
That was before RPM's innovative new pallet technology was developed. The new pallet will go into production until 3rd quarter 2004 and its creators have guaranteed that it will eliminate virtually any kind of slippage. The soon-to-be patented process entails the use of alternative materials imbued into selected surface areas. These non-slip pallets will be available in several sizes and configurations. The Company plans to make industry-wide announcements of the pallet's features and low cost this summer.
While the shipper's primary concern is function and price, it's also nice to know that buying plastic pallets aids the environment. Wood pallets are an environmental menace. They consume 40% of US hardwood supply and accelerate landfill volume. They deplete forests and present a serious disposal problem for many communities. Additionally, wood pallets have been identified as harboring vermin, bacteria and insects.
The company estimates sales will continue to accelerate to the $10 million level this year and higher in 2005. RPM trades on the OTCBB. Their trading symbol is RPMM. Visit the Company's website at ``http://www.rpmplasticpallets.com''. |
