Mar 30, 1998 Eutro Press Release - Laron
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Monday March 30, 9:55 am Eastern Time
Company Press Release
SOURCE: Eutro Group Holding, Inc.
Eutro Group Holding, Inc. To Handle Financial And
Marketing Consulting For Reddi-Form, Inc.
JUPITER, Fla., March 30 /PRNewswire/ -- EUTRO GROUP HOLDING, INC. (OTC Bulletin
Board: EUTO - news) is pleased to announce that it has signed an Agreement appointing it financial
and marketing consultant to Reddi-Form, Inc. (R-F). Eutro will place its new client in a proper
posture to raise capital through an SEC offering. The consulting firm expects R-F to be listed on the
Electronic Bulletin Board, and will be a reporting company.
R-F was founded in 1990, and incorporated in Pennsylvania in the same year, by Ron Ardres, its
current President and CEO. Its purpose was to produce and market the patented product
developed by Mr. Ardres. This product is an insulated concrete wall system that is an expanded
polystyrene stay-in- place concrete form used to build insulated poured concrete foundations and
walls. By interlocking the forms, one can build any type of wall imaginable, and even entire houses,
at a cost comparable with conventional methods. It is suitable for residential and commercial
multi-story structures.
The advantages to developers and contractors include significant labor savings, waste reduced to as
low as 2%, all weather construction capability, minimized bracing requirements, wind and
earthquake resistance, and will accept any finish to provide superior aesthetics and manufacturing
locations throughout the U.S.
The advantages to homeowners include insulation for savings on heating and cooling bills, low sound
transmission for quieter interior spaces, finishing versatility for superior aesthetics, reduced
construction costs resulting in reduced mortgages and rebates from local power companies.
Some of the more recent product orders for R-F are 4 motels and 40 homes in south Texas, and
they currently have an agreement for 1300 homes in North Carolina. They are also finalizing the
negotiations on 125 units for the Air Force Base in Montana.
Interest in the R-F system has been evidenced by several countries that include China, Canada,
Spain and the Philippines.
Eutro will have an on-going involvement with R-F in the consulting and marketing area. The
Contract will contribute to Eutro's assets and revenues over $600,000.
Additional information on R-F can be obtained at Eutro's website: eutro.com. For more
information, contact: Investor Relations Department, 561-575-3520.
Information herein was derived from sources seeming to be reliable. No Assurance can be made
that the information is accurate, or that projected results will be achieved.
SOURCE: Eutro Group Holding, Inc. |
