To: Stock Watcher who wrote (19444 ) 11/19/1999 3:58:00 PM From: sainte-beuve Read Replies (1) | Respond to of 52051
SW: Some more "pink meat" information. There latest PR. Dirk STRU Struthers, Inc. Begins Construction of New Boar Stud Facility in Minnesota Charleston, SC., November 18, 1999 - - Struthers, Inc. (OTC BB: STRU) began construction on a new stud boar facility located in Wells, Minnesota. Struthers, Inc. has contracted with the building firms of Tolzmann Construction and Courtland Industries of Minnesota to construct the 1500 stud boar facility. Construction will be completed in the first quarter of 2000. The facility will include two buildings, each housing Struthers? elite boars, state of the art automated semen collection equipment, packaging laboratory and sterile operating rooms. When fully operational the boar stud unit will produce over 1,800,000 doses of genetically superior semen per year. This is enough semen to inseminate 450,000 sows twice per year. Stud boars are now ready to enter the unit and semen production will begin immediately upon completion. Gross revenue projections within the first year of full operation from semen sales alone will approach $14,000,000. Struthers, Inc. is capitalizing on the growth and technical innovations in Artificial Insemination and through its superior line of genetics will expand its market share worldwide in semen sales. Artificial Insemination in the United States, Canada, and Mexico is currently at 48.5%. Industry analysis at the 4th International Conference on Boar Semen Preservation (Beltsville, MD. August 1999) reported that Artificial Insemination use would increase over natural breeding to 80 to 85% by the year 2001. * To see an overview of the Company visit our Web Site at: www.struthersinc.com * Compiled from information reported by National Pork Producers Council, USDA, Canadian Pork Council, and Statistics Canada. The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by Struthers, Inc.) contains statements that are forward-looking, such as, statements relating to the future anticipated direction of the porcine industry, future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made on behalf of Struthers, Inc. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existi! ng management, financial activities, domestic and global economic conditions, changes in federal or state tax laws and market competition factors. *This is not a solicitation to buy securities and does not purport to be a complete analysis of Struthers, Inc. Investing in securities is highly speculative and carries a high degree of risk. Past performance does not guarantee future results. Contact: Struthers, Inc. Investor Relations 888-400-8810 Friday, November 19, 1999 at 13:46:50