Off Topic but interesting: BTWay we have some Vol Today and a higher ASK, po MCUL: NEWS ON PR BLURB: ROTARY POWER has PWCL as a MAJOR ( 4th Qu 01 ) per SEC file: of them: also see my favorite BOAT company at MMFS and my WORK at a TANK Company at MCUL: MY SEC Disclosure:
chuckapublicrelations.com
Subj: I2INews - 7/15/02 - RPIN Rotary Power International, Inc. and SAFE Boats International, LLC - Kloock
Date: 7/15/02 9:28:20 AM Eastern Daylight Time
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_____________________________________________________________________
Dear Investor to Investor Reader,
I am pleased to present to I2I Readers that Rotary Power International, Inc. (OTC:BB RPIN) has released today that Mr. Ronald G. McKeown, President and CEO of Rotary Power International, Inc. (“RPI”) and William Hansen, President and CEO of SAFE Boats International, LLC (“SAFE Boats”) jointly announced today the successful demonstration of RPI’s first prototype Series 70 250 HP Rotary Diesel Fueled Marine Engine.
In the press release attached, there is a lot more indicated. On November 20, 2001, Rotary Power International, Inc. announced the first of three prototype engines was delivered to SAFE Boats International, LLC. That press release further states: “Assuming successful demonstration of the three engines, Safeboats has agreed in the letter of intent to purchase up to 150 of RPI’s 70 Series marine rotary engines for delivery within 18 to 24 months thereafter.”
Today’s press release indicates the testing of the second engine was an unqualified success. Mr. Hansen of SAFE Boats states: “ SAFE Boats wants to be the first boat manufacturer to purchase RPI’s initial production engines next year. Our commitment is to provide our customers with the choice of one of the best marine diesel applications in the market place.” Previous to this quote, Mr. Hansen states that SAFE Boats “has expanded its production capabilities to accommodate annual requirements for as many as 200 diesel engines per year valued at up to $4,500,000.”
Also stated is that another prototype engine will be demonstrated in a boat provided by a major shareholder in New Jersey in a few weeks. Then the boat will be shipped to Florida for further demonstration and testing. After which, it will be displayed in the boat show in Florida in October.
Under development is the 1000 HP Series 580 2 rotor diesel fueled engine. This large engine is being developed for both the marine industry and power generation market. Testing will commence this fall.
The profile of Rotary Power International, Inc. is scheduled to be on the Investor to Investor website on Monday, July 15th. I have included basic company stats for your use until our webmaster brings the profile live. Keep an eye on this link for the full profile:
investortoinvestor.com
The full profile will be e-mailed on Tuesday, July 16th.
Rotary Power International, Inc.
One Passaic Street
P.O. Box 128
Wood-Ridge, NJ 07075
CEO: Ron McKeown
(905) 888-0500
london.derry@sympatico.ca
Website:
rotarypowerinternational.com
Their website is very well constructed, offering a tremendous amount of information for both the novice and the expert. They keep their financials up to date on the website.
Share Structure:
Outstanding: 22.8 million shares
Float: 2.5 million shares
Regards,
Kent Kloock
kloock@investortoinvestor.com
Rotary Power International, Inc. and SAFE Boats International, LLC Announce Successful Demonstration of the First Rotary Diesel Marine Engine
Wood-Ridge, New Jersey, Monday, July 15, 2002 – Mr. Ronald G. McKeown, President and CEO of Rotary Power International, Inc. (“RPI”) and William Hansen, President and CEO of SAFE Boats International, LLC (“SAFE Boats”) jointly announced today the successful demonstration of RPI’s first prototype Series 70 250 HP Rotary Diesel Fueled Marine Engine.
Mr. McKeown stated “The initial sea testing of the world’s only 250 horsepower (HP) marine diesel fueled rotary engine was deemed an unqualified success by both RPI and SAFE Boats reaching speeds of over 40 miles per hour in a 32 foot prototype boat hull being tested for the U.S. Coast Guard.
The Series 70 250 HP marinized diesel fueled rotary engine was first delivered to SAFE Boats in November, 2001 and it received a great deal of attention at the Seattle Boat Show held this year in January. The sea test results are being watched very closely by the marine industry worldwide. The small size, low vibration, light weight to horsepower diesel fueled rotary engine can bring about a new trend in boat manufacturing”.
Mr. Hansen stated that, “This could be the technology of the future. Our boats have proven to be the overwhelming choice of agencies such as the U.S. Coast Guard, Navy and other law enforcement agencies for their fleets. As a result of increased purchase orders, SAFE Boats International has expanded its production capabilities to accommodate annual requirements for as many as 200 diesel engines per year valued at
up to $4,500,000. The benefit of SAFE Boats and other vessel manufacturers utilizing diesel engines is the power to weight ratio of the rotary engine.
SAFE Boats wants to be the first boat manufacturer to purchase RPI’s initial production engines next year. Our commitment is to provide our customers with the choice of one of the best marine diesel applications in the market place.”
Gary LaBouff, RPI’s Vice President of Engineering and former Engineering Manager of John Deere Technologies’ Rotary Engine Division stated, “This creates many new boat hull design options and may enable boat builders to exceed the size and speed restrictions of existing technology. The engine’s simplicity and few moving parts will allow for reduced maintenance and higher reliability. This prototype engine is the culmination of many years work at RPI and its predecessor John Deere, and is superior to any engine of this size produced in the past.
RPI’s plans are to deliver an upgraded Series 70 two (2) rotor production engine to SAFE Boats this coming fall for further testing in a 17 foot jet drive boat. Production of the Series 70 250 HP engines could occur as early as next year. RPI intends to begin field testing of the Series 70 four (4) rotor 500 HP version of the engine in the spring of 2003”.
Gary LaBouff further stated, “Within the next few weeks RPI will be demonstrating a prototype engine in a 24 foot boat in New Jersey, provided by one of our major shareholders. At the completion of this demonstration, the engine will be sent to Fort Lauderdale for demonstration and further testing prior to being placed on display in the October boat show in Florida.”
Also, underway in New Jersey is the development of a Series 580 two (2) rotor 1000 HP diesel fueled prototype development engine. This effort to provide a 1000 HP diesel fueled rotary engine for the marine and power generation markets is being led by John Mack, RPI’s Vice President and Chief Engineer. Plans call for the testing of this engine early this fall.
SAFE Boats is known worldwide for its exclusive 11 to 50 foot long full-sided foam stabilized hydrodynamic hulled watercraft. More information can be found on its website at:
safeboats.com.
Safe Harbor Statement
This press release contains “forward-looking statements” based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. These risks and uncertainties include price and product competition, dependence on new product development, RPI’s ability to obtain sufficient funding to be successful, reliance on major customers, customer demand for our products, control of costs and expenses, general industry conditions and interest rate and currency exchange rate fluctuations. For a further list and description of such risks and uncertainties, see the public filings made by RPI with the Securities and Exchange Commission. RPI disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
ROTARY POWER INTERNATIONAL, INC.
One Passaic Street, P.O. Box 128
Wood-Ridge, NJ 07075-5595
OTCBB symbol: RPIN
rotarypowerinternational.com
FOR MORE INFORMATION CONTACT:
Ronald G. McKeown, President and Chief Executive Officer, Rotary Power
International, Inc. at (905) 888-0500, e-mail:
london.derry@sympatico.ca
The discussion forums can be accessed at:
investortoinvestor.com
Investor to Investor newsletter encourages its readers to read the investor information available at the web site of the Securities and Exchange Commission ("SEC") at sec.gov . It is a good practice to check the SEC filings of public companies for pertinent information and never invest solely on the information provided by this newsletter or any other parties without first verifying the information given. It is also strongly recommended that you read the SEC advisory to investors concerning Internet Stock Fraud at: sec.gov . The National Association of Securities Dealers ("NASD") has also published information on how to invest carefully at its web site which can be accessed at: nasd.com .
Disclaimer for Kent Kloock: I am not nor do I claim to be a licensed stockbroker, analyst or financial advisor. My efforts are set up strictly to provide research information. This is not an offer to buy or sell securities. Information and/or opinions expressed are presented solely for information purposes, and are not intended nor should they be construed as investment advice. All investments in the stock market carry an element of risk, and in particular OTC companies carry a much higher investment risk; readers should carefully review the companies with their registered investment advisor. All research information is obtained from sources believed to be reliable. I take no responsibility for decisions made by investors based upon information provided. All research is provided for informational purposes only. If, in the course of contact with said company(s), I should be instrumental in providing services to help said company(s), it is not beyond the realm of possibility that payment for those particular services might be received. In that event full disclosure will be made. I may on occasion trade shares of stock of the companies that I write about and am under no obligation to announce all of those trades. However, if a sale of a position should take place due to adverse conditions, I will inform investors through proper channels available to me of that adverse condition(s) so that they may make their own decisions.
NOTE: Investor to Investor has signed an agreement with Rotary Power International, Inc. as a market information support consultant for which 100,000 restricted shares of Rotary Power International, Inc. common stock (governed under Rule 144) will be issued in four quarterly installments of 25,000 shares each on June 15, 2002, September 15, 2002, December 15, 2002 and March 15, 2003. The agreement is for a period of one year ending June 15, 2003. These shares will be apportioned 1/3 to Investor to Investor and 2/3 to Kent Kloock.
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Subsequently, effective January 1, 2002, Rotary Power Enterprise, Inc. wasdissolved as an operating entity. The assets of Rotary Power Enterprise weretransfer into Power Sources, Inc. acquired in December 2001 to support theCompany's "Power" business operations.Rotary Power Enterprise, Inc. was formed in September 1998 as a new PowerColdentity to acquire the Natural Gas Business from Rotary Power International, Inc.PowerCold is also a major shareholder of Rotary Power International, Inc.(OTCC:RPIN). The agreement included: the business assets including intellectualproperty, inventory and packaging capability; North American rights to the small65 series Mazda natural gas engine block, subject to a new Mazda Agreement; anda Distributor Agreement for the Rotary Power 580 series engines form RotaryPower International, Inc. In August 2000 Rotary Power Enterprise signed anon-exclusive manufacturing license agreement for the 580 series natural gasengine with Rotary Power International.Subsequently, effective January 1, 2002, Channel Freeze Technologies, Inc. wasdissolved as an operating entity. The Company is negotiating with the previousowners for the technology. Channel Freeze Technologies, Inc. was formed inSeptember 1998, as a PowerCold subsidiary, to acquire certain assets of ChannelIce Technologies. The technology includes a proprietary patent for an economicalmulti-purpose freezing system. The company is allocating all its resources intoits current product line, therefore, management decided there was no synergy forthe Channel Freeze technology and does not vision the product in the Company'sfuture business plans.Ultimate Comfort Systems, Inc. - On December 1, 2000, the Company acquired thetechnology rights, patent rights, and license agreement for integrated pipingtechnology for a heating and air conditioning system. This technology wastransferred into the newly formed wholly owned subsidiary of the Company,Ultimate Comfort Systems, Inc. This acquisition gave the Company exclusive,non-transferable United States transfer rights to the technology and all relatedassets.TRADEMARKS: The Company filed application for registration of atrademark/service mark for the following products:Nauticon: manufacturing and packaging of evaporative condensers, fluid coolers;commercial and industrial refrigeration system components, liquid recirculatingpackages and custom refrigeration products for commercial and industrial use.EV-Chill: water chillers, namely, water chilling and refrigeration systemsutilizing water evaporative condensers for commercial and industrial use.EV-Cool: air conditioning units utilizing evaporative condensers for commercialand industrial use.EV-Dry: dehumidification system utilizing evaporative fluid coolers to cool warmdry air for commercial and industrial use.EV-Frig: refrigeration condensing units utilizing evaporative condensers forcommercial and industrial use.EpowerRX.net: providing consulting and engineering services in the field ofdistributed power generation, electrical load management, air conditioning andrefrigeration systems, namely, promoting and providing information on and linksto the resources of others pertaining to distributed power generation,electrical load management of commercial and industrial refrigeration, airconditioning and dehumidification systems for commercial and industrial use bymeans of a global computer networkAFFILIATE - In December 1996 the Company agreed in principal to merge/acquireRotary Power International, Inc. The Company initially acquired a 30% equityinterest in RPI (2M shares of common stock for $1M), and proposed a merger ofthe companies in a stock for stock transaction, whereby RPI would become awholly owned subsidiary of the Company. A Plan of Agreement and Merger wassigned with Rotary Power International, Inc. ("RPI") on March 21, 1997 subjectto RPI shareholder approval. Each shareholder of RPI was to receive .363 sharesof the Company's common stock (1.56M shares) upon shareholder approval.On July 21, 1997, the Company and Rotary Power International, Inc. agreed toamend Section 1.2 - The Closing by extending the Agreement an additionalforty-five (45) days. The First Amendment to the Plan and Agreement of Merger,the extension on the Plan and Agreement of Merger between the Company and RotaryPower International, Inc., expired on September 5, 1997, accordingly, the Planand Agreement of Merger is no longer in effect. The Company wrote off theoriginal investment in Rotary Power, and currently owns 1,940,000 shares ofRotary Power International, Inc. (OTCC-RPIN)
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