Hi Tod,
What ever happened to Michael Puhr?
I always thought it was odd that Michael P. Weber knew him quite well.
Message 1143260
( BW)(ROCKY-MOUNTAIN-INTRNATL)(OVIS) Rocky Mountain International
Ltd. - Formerly Olympus Ventures Inc. - Announces Reorganization
Business Editors
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Oct. 3, 1997--Rocky
Mountain International Ltd. Friday announced that a change
in management and directors has occurred: Michael A. Puhr,
president and director; Lorinda Liang, vice president, secretary and
director; and Wen Jen Allen Lan, director.
As of Oct. 6, 1997, the company's transfer agent will be American
Stock Transfer, 40 Wall Street, New York, NY 10005.
Rocky Mountain International Ltd. consists of two divisions that
provide for cross marketing in sports wear and bottled water.
Olympus Mills/Hialeah, Fla. is the headquarters for the garment
division as well as sales, knitting and cutting facility. Depending
on the type of garment, that 21,000 square foot cutting plant is
capable of producing from 7,000 to 20,000 dozen pieces per week.
The knitting facility is equipped with 18 circular and five flat
knitting machines. The production capabilities of the circular
machines alone are as much as 1,000 lbs. per day of body width
fabric used in the manufacturing of T-shirts.
The Hialeah facility also handles the design of Olympus Mills
U.S.A.'s own branded labels, Olympus USA and Olympus Kid's line of
clothing. The sales and marketing of all Olympus Mills U.S.A.
products are handled out of the Hialeah office. All contract and
full package business for all three factories is booked from this
facility.
Olympus Mills/San Cristobal, Dominican Republic is the location
of an 18,000 square foot factory equipped to manufacture knit and
woven garments as well as T-shirts. The facility boasts
160 machines and 170 employees.
The production capabilities are 2,500 dozen pieces per week
during five 10 hour shifts. Although all T-shirts are silk screened
domestically, the San Cristobal facility offers embroidering, after
sewn garment dyeing, applications and tie dyeing.
Olympus Mills/Managua Nicaragua is the location of the
30,000 square foot facility that houses 450 machines for the
production of denim and flannel garments. The factory features an
additional 1,200 square feet of office space and a 3,000 square foot
cafeteria equipped to feed the 520 employees.
The factory is the largest of the three facilities and is
capable of producing as much as 12,000 pairs of five pocket jeans
and 16,000 flannel shirts per week. Denim garments can be
manufactured with a variety of finishes including sand, stone and
acid washing, as well as antiquing.
Rocky Mountain Crystal Water has a 99 year exclusive contract to
commercially sell artesian water on a domestic and international
basis. This water exceeds the European Economic Community Natural
Mineral Water Standards and meets all applicable standards for
natural artesian water set by the United States Government and the
State of Wyoming.
The merger provides the financial strength to complete the fully
automated expansion of the bottled water facility on schedule. This
expansion is mandatory to increase the facility's bottled water
production to meet Rocky Mountain Crystal Water's increasing demand,
with distribution of its bottled water products in the United States,
Asia and Mexico.
Puhr, president of RMIL, stated, "We are pleased to
announce that Gary R. Morgan and Roland Breton will remain an
integral part of the public company. The company's management,
operations and marketing teams have all the necessary expertise to
meet the future expectations of the company.
"The bottled water industry is the fastest growing segment of
the beverage industry and according to Information Research Inc. of
Chicago, has experienced a 16.5 percent increase in sales over the
previous year ending May 1997. The company has positioned itself
to
capitalize on this opportunity."
Forward looking statements in this release are made pursuant to
the "safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995.
Investors are cautioned that such forward looking statements
involve risks and uncertainties, including, without limitation,
continued acceptance of the company's products, increased levels of
competition for the company, new products and technological changes,
the company's dependence upon third-party suppliers, intellectual
property rights and other risks detailed from time to time in the
company's periodic reports filed with the Securities and Exchange
Commission.
--30--jbm/ix*
CONTACT: Rocky Mountain International Ltd., Fort Lauderdale
Roland Breton, 954/565-9292
E-mail: ovisusa@aol.com
KEYWORD: FLORIDA
INDUSTRY KEYWORD: FOODS/BEVERAGES RETAIL APPAREL/TEXTILES
MANAGEMENT CHANGES MERGERS/ACQ
URL: olympusventures.com |
