Cash Can Mission Statement, June 10, 1996.SAN FRANCISCO--(BUSINESS WIRE)--July 1, 1996--The following is a mission statement by Cash Can Inc.: -0- Cash Can Inc. is a Delaware Corporation A Delaware corporation is a corporation chartered in the U.S. state of Delaware. Delaware is well known as a corporate haven, and thus, over 50% of US publicly-traded corporations and 58% of the Fortune 500 companies are incorporated in the state. that is engaged in recycling recycling, the process of recovering and reusing waste products—from household use, manufacturing, agriculture, and business—and thereby reducing their burden on the environment. aluminum cans on a domestic and international level. On May 8, 1996, the company raised working capital through a Reg. S reg. abbr. 1. regent 2. regiment 3. region 4. registered 5. registrar 6. registry 7. regular Private Placement with a long term institutional investor Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. to restart To resume computer operation after a planned or unplanned termination. See boot, warm boot and checkpoint/restart. the company under its new management. Six million shares were sold at approximately 60% of the prior 10 days Trading Average. The corporation strategy is to bring a quality collection product to the market place and make recycling an international "household" word. In addition to the collection of aluminum, the unit itself is a medium for advertisers. The corporation product is called Cash Can, which is a patented reverse vending machine A reverse vending machine is a device that accepts used (empty) beverage containers and returns money to the user (the reverse of the typical vending cycle). The machines are popular in places that have mandatory recycling laws or container deposit legislation. . The unit accepts aluminum beverage cans A beverage can is most often an aluminium can manufactured to hold a single serving of a beverage. Overview The early metal beverage can was made out of steel (similar to a tin can) and had no pull-tab. and returns cash or coupons to the consumer on a per can basis. It is a high volume, large capacity system which is computer controlled and operates 24 hours a day, seven days a week. To take economic advantage of its continual interaction, the Cash Can unit has been designed as an effective promotional vehicle. It looks like a huge beverage can, 15 feet high and eight feet in diameter. When placed in high traffic areas, it becomes ideal for outdoor advertisers because of the convenient locations for the consumer. The unit will produce a large number of transactions, and is an ideal conduit through which the product manufacturers and local merchants can contact consumers with their targeted messages. The unit will allow for the transfer of the messages through coupons which are dispensed dis·pense v. dis·pensed, dis·pens·ing, dis·pens·es v.tr. 1. To deal out in parts or portions; distribute. See Synonyms at distribute. 2. To prepare and give out (medicines). 3. along with the coins. The corporation has developed a Joint Venture Program with investors. The investors will purchase the unit and share the revenues from recycling and advertising with the corporation. This will create positive cash flow and an asset base for the corporation. At the present time, management is pursuing a broad marketing campaign which will target potential investors for the unit, as well as advertisers. We are working with professional area developers to expand our domestic market. The New Generation Cash Can is built out of fiberglass, and will meet all the criteria of the metal unit. We were able to enlist en·list v. en·list·ed, en·list·ing, en·lists v.tr. 1. To engage (persons or a person) for service in the armed forces. 2. To engage the support or cooperation of. v. Pacific Atlantic Group Inc. to make the units for us both domestically, and internationally on a letter of credit basis, thus conserving working capital. The units can be mass produced to keep up with large orders. Also, our shipping and assembly costs will be greatly reduced due to the lesser weight, the nesting ability of the sections, and less man hours for erection erection /erec·tion/ (e-rek´shun) the condition of being rigid and elevated, as erectile tissue when filled with blood. e·rec·tion n. 1. . The first New Generation Cash Can Units will be in Atlanta just in time for the Olympics. We will have six units there and should be able to get excellent exposure from the press and visitors, due to the uniqueness of our container unit. The corporation, on the domestic side, is planning further expansion of its New Generation Units in Arkansas, Utah, Minnesota, Montana, Florida, and Texas. These states already have Cash Can Units in operation. An area developer in Colorado, with connections to a major food chain and beverage company is exploring an order. Management has had inquiries from California, Ohio California, Ohio is a small neighborhood in the city of Cincinnati. It is located on the banks of the Ohio River. Because of this, many of its historical homes have water damage. It is not uncommon to see a home with two or three stories only being inhabited on the uppermost story. , and Arizona regarding the New Generation Units. Our Southern area developer is awaiting the prototypes for Atlanta, and has additional interest from advertisers. On the International arena, the corporation has received a minimum 100 unit order from Argentina. The New Generation Units overseas will be smaller for transport purposes. The Pacific Atlantic Group Inc. has formed an alliance with Geo Recycling of Argentina to fill the first order, and produce thereafter for South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. . We will be expanding into Venezuela, where there are older Cash Cans, and have an entree into Brazil and Chile. These contacts should enhance our revenue base in the Southern Hemisphere. The future market possibilities for our Cash Can is virtually unlimited throughout the entire world. A group in Malaysia is in discussion with us for a Joint Venture, as is another group of investors in the Philippines, and one for Europe. Recycling is needed throughout the world, not only to conserve energy, but resources as well. The amount of energy required to produce one small beverage can could run a TV set for three hours. The company, in its present form, now has the motivation and financial ability to move forward to a new and profitable plateau. Everyone here at Cash Can is dedicated to developing sound business practices, and a plan to carry forth the unique idea of Cash Can into a very functional and profitable company. CONTACT: Cash Can Inc., San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden Arthur E. Juhl, 415/564-4770 |
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