MRPS NEWS: $5M+ contract with distributor who has VOLVO, RYDER TRUCKS, etc as clients. And guaranteed income each month at very high margins to MRPS.
(COMTEX) B: Microphonics -- OTC BB: MRPS -- Announces New Contract
B: Microphonics -- OTC BB: MRPS -- Announces New Contract
NASHVILLE, TENN. (April 13) BUSINESS WIRE -April 13, 1999--Microphonics
(OTC BB:MRPS) announces that it has entered into a contractual
agreement with Day & Associates, Inc. to serve as the distributor for
the trucking, truck rental and leasing industries.
Ed Day, founder and president of Day & Associates, has over 30 years
of experience in transportation and distribution. The major service of
Day & Associates is to help reduce their overall distribution costs.
"We are very excited about this opportunity. Microphonics ultrasonic
diagnostic and preventive maintenance tool will soon be considered
indispensable in transportation equipment, maintenance, most
particularly in the areas of:
-- Locating air, fluid or pressure leaks
-- Identifying worn or defective parts
-- Diagnosing certain electrical problems
We look forward to our customers realizing tremendous savings in
maintenance time and costs with Microphonics' equipment," Day said.
Day & Associates, Inc. are associated with such companies as:
-- Ryder Truck Rental
-- Penske Truck Leasing
-- J.B. Hunt, Inc.
-- Mack Trucking, Inc.
-- Volvo Trucks of North America
-- Navastar International
-- Rollins Truck Leasing
-- Ruan Truck Leasing
-- Schneider Trucking
Microphonics has secured a two years exclusive contract covering the
heavy duty industry with Day & Associates. Microphonics is guaranteed
3500 111RCK units over 24 months beginning June 1, 1999. The units are
delivered and invoiced at the rate of 146 units per month. This
contract brings Microphonics in excess of 5 million dollars in 24
months at the rate of over $211 thousand per month.
"We expect these numbers to be the bare minimum," states Ed Day,
president of Day & Associates, Inc.
Jimmy Gayle, CEO of Microphonics says, "We are very excited about our
association with an organization of the caliber of Day & Associates,
Inc. Their expertise in the trucking industry only adds to the bright
and prosperous future of Microphonics, Inc."
-0- AR/na*
CONTACT: Microphonics, Nashville
James Gayle or Myles Izikoff, 615/871-4000 |
