Bullhide Closes Private Placement of Approximately $500,000.DEERFIELD BEACH Deerfield Beach, town (1990 pop. 46,325), Broward co., SE Fla., on the Atlantic coast; inc. 1925. The development of high-technology industry and commerce expanded the town and more than doubled its population between 1970 and 1990. , Fla.--(BUSINESS WIRE)--June 24, 1999-- The Bullhide Liner Corporation (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:BULH) announced today that it has closed a private placement of approximately $500,000 in equity funding Equity funding An investment consisting of a life insurance policy and a mutual fund. The insurance policy is paid by the collateral value of fund shares, giving the investor the advantages of insurance protection with the growth potential of a mutual fund. with a major shareholder of Bullhide. The $500,000 in equity funding will be used primarily to implement Bullhide's marketing plan for its Quarra 2000 products, which are primarily sold in the commercial and industrial flooring markets. Quarra 2000 is a rubbery tough coating (up to 1/4") with extreme abrasion abrasion /abra·sion/ (ah-bra´zhun) 1. a rubbing or scraping off through unusual or abnormal action; see also planing. 2. a rubbed or scraped area on skin or mucous membrane. and impact resistance, stretchability and anti-slip properties. Applications include parking decks, warehouse floors, shipping docks, secondary chemical and waste water containment as well as waterproofing and more. W. Gordon Freeman Gordon Freeman, Ph.D., is the fictitious silent protagonist of the Half-Life series of first-person shooter computer games (amongst other names, Gordon Freeman was originally intended to be called Dyson Poincaré.[1]). , Chief Executive Officer of Bullhide, stated: "Bullhide has clearly brought the costs associated with its rapid growth and the development of its Quarra 2000 products under control. While we expect the growth to continue unabated un·a·bat·ed adj. Sustaining an original intensity or maintaining full force with no decrease: an unabated windstorm; a battle fought with unabated violence. , this funding will allow us to assist current distributors and dealers, on a national basis, with the marketing of the Quarra 2000 product. We fully expect this marketing effort to result in substantial earnings for the distributors, dealers, and Bullhide itself." The Bullhide Liner Corporation has a revolutionary patent pending polyurethane-based material initially targeted for the pick-up truck bedliner Truck bedliners are coverings that protect the inner-side of a truck bed from damage and also prevent the utensils inside the truck bed from cascading throughout the bed. Traditional bedliners are of the plastic drop-in type but "spray on" bedliners are also popular. market. With its superior strength, toughness, anti-skid properties and excellent chemical resistance, Bullhide has expanded into the industrial flooring market. Additionally, when spray molded onto metal, wood, fiberglass or concrete, this product provides: superior protection from corrosion and deterioration; chemical containment; sound dampening; waterproofing; and, equipment protection. For more information, visit Bullhide's web site at www.bullhide.com. This material was prepared by Strategic Investors Group (SIG) for the Company discussed herein, based upon Company supplied information or other sources believed to be reliable. The information is not guaranteed by SIG for accuracy or to be all-inclusive. The foregoing discussion contains 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. that involve risks and uncertainties. Actual results could differ from those discussed in this release. This material is for informational purposes only and is not an offer or solicitation to buy or sell securities. SIG, its affiliates, and/or its officer, directors and employees may from time to time have a position in these securities. |
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