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To: kbert who wrote (5312)	3/30/1999 9:22:00 AM
From: Auricman	Respond to of 13776

Home - Yahoo! - Help -------------------------------------------------------------------------------- Click here for Multex [ Business \| US Market \| By Industry \| IPO \| AP \| S&P \| International \| PRNews \| BizWire ] -------------------------------------------------------------------------------- Related Quotes RTEK 0.000000 +0.000000 delayed 20 mins - disclaimer Tuesday March 30, 9:00 am Eastern Time Company Press Release Company Announces Stepped-Up Production LOS ANGELES--(BUSINESS WIRE)--March 30, 1999--Rubber Technology International Inc. (OTC BB:RTEK - news) Tuesday announced that, because of the overwhelming increase in demand for the company's rubber products, the company is purchasing additional equipment that will significantly increase production and efficiency. With faster production, considerable savings in operation costs and increased sales of crumb rubber and new molded products, the company is looking forward to significant increases in revenues and future expansion of its operations. The new equipment will efficiently reduce the primary tire shred to smaller-sized crumb with at least 96 percent of the steel removed. The company will realize significant savings in several ways: first, the throughput on production of the crumb-rubber system will be increased. Secondly, the steel from the used tires will now be removed in such a clean condition that it can be sold, and lastly, the cost for disposing of the previously unusable waste material will be eliminated. Additionally, a 2000-ton press is being purchased, which will allow the company to increase its molded products line to include much larger products such as truck-bed liners, horse mats, speed bumps and other products that require a press of this size. Additional contracts for these products are expected to be announced in the near future. 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 form 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 Investor/Shareholder Relations, 800/661-6664 RTEK Intl@aol.com -------------------------------------------------------------------------------- More Quotes and News: Rubber Technology International Inc (OTC BB:RTEK - news) Related News Categories: chemicals, construction, environmental -------------------------------------------------------------------------------- Help -------------------------------------------------------------------------------- Copyright © 1999 Business Wire. All rights reserved. All the news releases provided by Business Wire are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving ina public database, redistributing via a computer network or in a printed form. See our Important Disclaimers and Legal Information. Questions or Comments?