Cash Can Incorporated Sees Bonanza in Argentina; Sends CEO Arthur Juhl to Beef up Production.SAN FRANCISCO--(BUSINESS WIRE)--March 17, 1997--The Board of Directors of Cash Can Inc. (NASDAQ:CSHC CSHC - California Streets and Highway Code), who presently have a 180-unit order from GEO CAN in Argentina, have asked company President Arthur E. Juhl to expedite production and take advantage of a burgeoning market in environmentally conscious Argentina, Brazil and Chile. Juhl, who has an extensive engineering background, will oversee production of the patented Cash Can reverse vending machine, in which aluminum beverage cans are deposited while the user receives coins or coupons in return. He will be headquartered in Buenos Aires commencing April 20. Juhl will also contract with targeted companies who have initiated interest in the Cash Can and will expand on the company's 180-unit order. "We have a tremendous opportunity to fill a need in South America, and I have to fine-tune the production in Buenos Aires to keep up with the demand," said Juhl. In addition, the Board of Directors has appointed member Robert McCurn to the office of President to oversee daily operations. Furthermore, Tony Oei, president of Coast Pacific Financial Corp., and a licensed manufacturer of Cash Cans, was appointed to the Cash Can Inc. Board of Directors. Arthur Juhl will remain CEO and Chairman of the Board. CONTACT: Cash Can Inc. Philip M. Fox, 310/273-7776 |
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