1.5 Million Pound Crumb Rubber Contract With School District.Business Editors LOS ANGELES--(BUSINESS WIRE)--Feb. 22, 2000 Rubber Technology International, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :RTEK) announced today that the company has secured a major school district contract for crumb rubber Crumb rubber is generally manufactured from automotive and truck scrap tires. During the manufacturing process steel and fluff is removed leaving tire rubber with a granular consistency. . This new order is in excess of 1.5 million pounds of Rubberized Playground Fill which is produced from recycled scrap tires. With the current factory capacity it is projected that production and shipment of this contract will take less than two months. The school district's experience with using crumb rubber has shown that Rubberized Playground Fill is safer and more cost-effective than previously used material such as wood shavings or sand. The advantages of using crumb rubber are that it retains its resiliency indefinitely, thus offering a good landing material for safety while not requiring replacement like wood chips. Also, in rainy weather the water drains right through the rubber material thereby allowing the children to use the playground shortly after the rain. Rubber Technology International, Inc. is a leader in the tire recycling Tire recycling is the process of recycling vehicles tires (or tyres) that are no longer suitable for use on vehicles due to wear or irreparable damage (such as punctures). 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, topping for horse arenas, safety material for playgrounds and as an ingredient in rubberized asphalt Rubberized asphalt is pavement material that consists of regular asphalt concrete mixed with crumb rubber -- ground, used tires that would otherwise be discarded or take up space in landfills. . This release may contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 that involve risks and uncertainties including, without limitation, continued acceptance of the company's products, legislative and marketplace changes, and governmental regulations affecting the company's operations. |
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