CRTZ - Here's DD. Starting to go. Gapper in the works. DD from another site.
CRTZ - Completion of negotations
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CRTZ - May have completed their negotations announced a couple of months ago. This will be to install another plant that will produce millions of revenues. Further studies show that they have other means of furthering the uses of their products. Read these PRs are check today's action.
Independent Laboratory Test Concludes CRTZ Pyrolysis Carbon Black Can Be
Upgraded To Commercial Quality
BRONXVILLE, N.Y. (April 29) BUSINESS WIRE -April 29, 1999--Stephen H.A.
LaSala, President and CEO of Creative Recycling Technologies, Inc.
(OTCBB:CRTZ) announced another development in the company's program of
increasing the quality of its by-products. Carbon black, is the primary
element recoverable from a scrap tire, both in terms of weight and
potential economic value from resale. Given this importance, a sample
of carbon black from one of CRTZ's tests last week was sent to an tire
and carbon black authority--for laboratory testing. Based on the
sample, the report has concluded that the CRTZ pyrolysis carbon black
can be upgraded to commercial quality. This assessment came as a result
of a) laboratory testing of the raw by-product and b) laboratory
testing of rubber made with upgraded CRTZ carbon black. The
by-product's previous testing by a toner manufacturer indicated its
acceptability to the toner marketplace(see press release dated April 8,
1999). Today's announcement is a further important indication of CRTZ's
economic potential to sell its carbon black byproduct on commercially
attractive terms.
The carbon black market is generally considered to total approximately
15 billion pounds annually on a worldwide basis, of which 3.5 billion
pounds are in the U.S. About 90% of total demand is consumed by the
rubber industry. Carbon black adds strength to rubber and, thus, tires
account for almost two-thirds of total demand. The remaining 10% of
carbon black demand is for non-rubber end uses, principally plastics
and printing ink. The rapid growth in computer sales along with
printers, has spurred the demand for toner, which contains carbon
black. The price of carbon black has been in the $0.30-$0.35 per pound
range over the past couple of years. The price of toner ranges from
$0.60-$5.00 per pound, depending upon specific properties.
CRTZ is a development - stage company possessing a proprietary
technology which can recycle scrap tires by pyrolysis. This process
cracks the tires, thereby causing them to thermally decompose into
their principal elements: carbon black, oils, gases, and steel. This
process is now proven--technically, economically, and ecologically--at
the bench scale, and awaits successful commercial scale-up. CRTZ's
state - of - the - art technology offers the attractive prospects of
simultaneously: (1) eliminating the environmental problems associated
with scrap tires stockpiles(fire, disease, maintenance cost, landfill
aggravation, and eye sore) while (2) recovering byproducts with
substantial economic values.
Between 2000 - 2004, CRTZ plans to construct approximately 10
facilities, each capable of processing 10 million scrap tires per
annum. Even 5 plants, each built one year apart, could collectively
recycle 150 million scrap tires on a cumulative basis over 5 years.
Assuming recoverable by-product values of approximately $2.00+/tire and
full plant utilization, cumulative revenues would exceed $300,000,000
at the operating plant level. CRTZ, as licensor of the process, would
receive a portion of these revenues in the form of development fees,
management fees, and a share of plant profits.
Creative Recycling Technologies, Inc. Makes Announcement
ATLANTA--(BUSINESS WIRE)--May 7, 1998--Creative Recycling Technologies, Inc.
(OTCBB Symbol: CRTZ) today announced that it has signed a Letter of Intent
with Brown and Lampe LTD. to help finance the Company's new business plan.
Brown and Lampe plans to raise up to $3,500,000.00 during the first phase of
the project. If successful the second phase could generate up to
$12,250,000.00 of additional financing for the Company giving us a grand
total of $15,750,000.00.
Bernard Brown, President of Brown and Lampe, indicated that in approximately
90 days, he feels comfortable that the first phase of financing, consisting
of $3,500,000.00, will be raised through his corporate efforts for Creative
Recycling Technologies. Mr. Brown says, " Austria is one of the most
progressive recycling countries in the world. When this project becomes a
success, the people of Austria will take great pride in their investment and
assistance in their total effort."
Frank Pringle, CEO of Creative Recycling Technologies, having had a
successful relationship with Brown and Lampe over the last three years while
raising several million dollars for his former company, feels quite
confident that Brown and Lampe shall perform equally as well for this
exciting new recycling project. Due to the nature of this recycling project,
Mr. Pringle was assured by Mr. Brown that every effort would be given to
this project.
Brown and Lampe is a leading investment banking firm in Austria based in
Vienna's First District. (Tel: 011-431-535-1480,Fax: 011-431-535-1487,
email: brown@office.at)
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