To: bottomfish who wrote (13581 ) 11/8/1999 11:11:00 AM From: myturn Read Replies (1) | Respond to of 150070
RTEK, Check this out folks! It just came off of its 52 week low last week. They are saying that from their research that recycled rubber is more economical and safer thatn wood chips or sand! An easy double from these levels! Monday November 8, 9:15 am Eastern Time Company Press Release Rubber Technology Announces Playground Material Contract LOS ANGELES, Calif.--(BUSINESS WIRE)--Nov. 8, 1999--Rubber Technology International Inc. (OTCBB:RTEK - news) announced today that the company has secured another major contract with The Alpine School District of American Fork, Utah, for 1 million pounds of Rubberized Playground Fill. Their research and experience has shown that Rubberized Playground Fill is safer and more cost-effective than previously used material such as wood shavings or sand. Negotiations with other school districts are currently under way both in Utah and California for the use of Rubberized Playground Fill. It is expected that as the news spreads about the use of Rubberized Playground Fill (from recycled tires), many more such contracts will be forthcoming. Rubber Technology International is a leader in the tire recycling industry. The Los Angeles-based company is paid to receive scrap tires that are then ground into crumb rubber, which is in ever-increasing demand for molded goods, horse arenas, playgrounds and in rubberized asphalt. Special Note Regarding Forward-Looking Statements: Certain statements contained in this news release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the applicable statements. These risks and uncertainties include, but are not limited to: entry in the market by new competitors, the company's dependence on key personnel, the possible impact of competitive products and pricing, general business conditions in the economy, the actions of customers of the company's products, managing growth and other risks, all or any of which, may have a material adverse impact on the company, its business, business products and financial condition. Contact: Rubber Technology International, Inc., Los Angeles Barbara Young, 323/268-6842 (Investor Relations) Internet: www.RubberTechnology.com