Americlean, Inc. Announces $5 Million Bond Inducement.REPEATING AND REPLACING PREVIOUS TRANSMISSION Charlotte, N.C.--(BUSINESS WIRE)--May 12, 1999-- Americlean is pleased to announce the Company has received a bond inducement resolution from Mayor Woodrow Stanley and the City of Flint, Michigan Flint is a city in the U.S. state of Michigan and is located along the Flint River, 66 miles (106 km) northwest of Detroit. As of the 2000 census, the city had a population of 124,943, making it the fifth largest city in Michigan. It is the county seat of Genesee County6. . The inducement and intent to issue revenue bonds is for the development of a new $5 million regional manufacturing and distribution plant, which is expected to create 150 jobs within three years. Americlean, Inc., a leading manufacturer and distributor of dry-cleaning and commercial laundry supplies, as well as a service provider for both North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. and international markets, plans to construct a facility which will be located in the St. John Industrial Park in the City of Flint. Mayor Stanley emphasized the importance of this project because it directly meets the administration's goals of creating new employment opportunities for Flint's residents and diversifies Flint's industrial base. "I am very pleased that Americlean, Inc. has chosen Flint as the location for its new plant," said Stanley. "Americlean is making a major investment here and we are happy to welcome this new industry to Flint." The proposed project would require construction of approximately 75,000 square feet of light industrial space on an approximate four-acre parcel in St. John Industrial Park. Americlean, Inc. expects to create up to 75 full-time positions within the first year of operations, and up to 150 people within three years at the Flint facility. The Company, which is headquartered in Charlotte, NC, has offices in Florida, North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. , Illinois, Indiana and California. "Flint's labor supply, its immediate access to regional and interstate highway systems, reasonable land costs, and the City's cooperative and supportive economic development team, impressed Americlean and its investors which lead to selection of the Flint location," said Brett Walker, Americlean Vice President and Director. The new Flint facility will allow the company to consolidate some of its smaller facilities into a single, centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. plant, Walker said. AMERICLEAN INC. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : AMCX) services the North American dry-cleaning industry, a seven billion dollar annual market which has consistently grown an average rate of 10% each year. The Company has combined the manufacture and supply of dry-cleaning products with hazardous waste Hazardous waste Any solid, liquid, or gaseous waste materials that, if improperly managed or disposed of, may pose substantial hazards to human health and the environment. Every industrial country in the world has had problems with managing hazardous wastes. services utilizing its proprietary recycling technology Recycling technology Methods for reducing solid waste by reusing discarded materials to make new products. The three integral phases of recycling are the collection of recyclable materials, manufacture or reprocessing of these materials into new products, and . As previously announced, Americlean recently acquired Boggs & Co., adding $14 million in annual revenues. Americlean's strategy is focused at consolidating this fragmented industry by supplying its products and services directly to the consumer. Americlean is approved for the Standard & Poor's Corporate Records listing. Forward-looking statements and comments herein are made pursuant to safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Securities Exchange Act of 1934. Such statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc , among other things, the prospects for the company to complete proposed transactions and enhance operating results, are necessarily subject to risks and uncertainties, some of which are significant in scope and nature. |
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