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Biotech / Medical : Rockwell Medical Technologies (RMTI, RMTIW)

RMTI 1.090

-2.2%

Oct 29 3:59 PM EDT

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From: scott_jiminez	3/1/2005 2:06:43 PM
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RMTI establishes presence in SE US. ======================= Press Release Source: Rockwell Medical Technologies, Inc. Rockwell Medical Technologies, Inc. Adds Manufacturing and Distribution Operation in the Southeast U.S. Thursday February 24, 8:07 am ET WIXOM, Mich., Feb. 24 /PRNewswire-FirstCall/ -- Rockwell Medical Technologies Inc. (Nasdaq: RMTI - News), a leading, innovative hemodialysis concentrate manufacturer in the healthcare industry, announced today that it has leased a turn-key concentrate manufacturing facility in South Carolina. This is the Company's third regional production facility which now includes the Midwest (MI), Southwest (TX) and Southeast (SC). ADVERTISEMENT Located in Hodges, South Carolina the 61,000 square foot facility is expected to be fully operational by the end of the first quarter and will service both existing and new customers in the region. The Company anticipates shifting existing Southeast business currently serviced from its Michigan and Texas plants to the South Carolina plant. The Company believes a Southeast facility will reduce distribution costs in the Southeast region. This leased manufacturing facility provides the Company with an interim Southeastern presence while it evaluates the potential to establish a long- term Southeastern regional facility. <abridged> ======================= biz.yahoo.com One perspective on this move: finance.messages.yahoo.com

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