Caltrans Commitment Causes Surge in Demand for Asphalt Rubber.Business Editors LOS ANGELES--(BUSINESS WIRE)--Oct. 24, 2000 Rubber Technology International Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :RTEK) President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Trevor Webb, stated, "We have increased our capacity for 10 mesh Crumb Rubber which is used as a component in the manufacturing of 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. and are seeing an exceptional surge in the demand for our product for use in the asphalt industry." The need for crumb rubber is growing in California. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Donna Carlson of the Rubber Pavements Association, Caltrans has several huge projects planned. Since Gray Davis became governor, California's commitment to asphalt rubber has increased significantly. Carlson worries that the six California processors that make the crumb rubber for hot mix will be unable to keep up with the surge in demand from projects undertaken by Caltrans and local governments. Rubber Technology International Inc. is one of the six crumb rubber processors in California. "We are meeting the needs of Caltrans in their efforts to make use of recycled tires as they increase the number of highways that are made of, or repaired using, rubberized asphalt. Among the other benefits of crumb rubber in the asphalt is that the highways are longer lasting and quieter," stated Webb. "Talk of being in the right place at the right time," read the OTCNN article by Jack Burney, on RTEK at http.//www.otcnn./com/articles.html?id=972311640 The Company is paid to receive scrap tires and offers an environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1] method of turning recalled and used tires into useful products. Rubber Technology International Inc., located in the industrial section of Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , is a leader in the tire recycling industry. They manufacture crumb rubber, which is in ever-increasing demand for molded goods such as traffic delineator bases, topping for horse arenas, playground safety material and as an ingredient in rubberized asphalt. This release may contain forward-looking statements 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. For further information see our Web site: www.RubberTechnology.com |
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