Friday August 21, 11:35 am Eastern Time
Company Press Release
SOURCE: Treasury International, Inc.
Subsidiary of Treasury International Successfully
Secures Lucrative Contract
TORONTO, Aug. 21 /PRNewswire/ -- Treasury International, Inc. (OTC Bulletin Board: TREY - news) announced today
that its wholly owned subsidiary, Mega Blow Moulding Limited of Toronto, Ontario has won a minimum $9 million contract to
supply Lander Co., Inc. of Englewood, New Jersey with HDPE and PVC plastic bottles. The contract extends over a minimum
three year period.
Lander ranks as one of the largest cosmetics organizations in North America.
James Hal, president and chief executive officer of Treasury International, Inc. stated, ''The fact that a customer as large as
Lander has selected Mega Blow Moulding to satisfy its bottle needs demonstrates our ability to produce an exceptional quality
product. This substantial contract is truly indicative of the confidence customers place in our leading-edge technology.''
Treasury International has just signed an agreement to sell its common shares of Mega Blow Moulding for a total purchase price
of US$5.1 million. Closing is anticipated to occur on or about September 30, 1998. Completion of this transaction is subject to
shareholder and other regulatory approvals.
Treasury International continues its commitment to enhancing shareholder value.
SOURCE: Treasury International, Inc. |
