China Plant Will Operate Ahead Of Schedule.ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). Projects Deliveries in Asia During 2007 TORRANCE, Calif. -- Rhino Outdoor International, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : RHOI), a business development company that consolidates and operates outdoor activity based companies is pleased to announce that Rhino Off-Road Industries, Inc., its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. and the manufacturer of the Rhino RTV RTV Room Temperature Vulcanizing (elastomer sealant) RTV Radio Television (educational major) RTV ReplayTV (digital video recorder brand) RTV Real-Time Video RTV Return To Vendor ([R]) anticipates the facility being built to produce the next generation of its RTV's will be ready in just over a month, which is two months ahead of the planned date. The facility, which will be largely self contained is housed in a building operated by The TUOMA group, the largest domestic supplier of refrigerated re·frig·er·ate tr.v. re·frig·er·at·ed, re·frig·er·at·ing, re·frig·er·ates 1. To cool or chill (a substance). 2. To preserve (food) by chilling. truck bodies in China. While TUOMA will supply the labor Rhino Off-Road will provide the training and product development. "I'm not surprised they're ahead of schedule," Stated Howard Pearl of Rhino Off-Road Industries Inc. "This is a very sophisticated manufacturing group with years of experience and success. They continue to surpass our expectation in the development of this facility. I'm looking forward to the expansion of what appears to be a dynamic relationship. The facility is critical to our ability to grow here in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and overseas, or fill larger institutional and government business we may receive. Until now the company has had to be judicious in its approach to distribution, selling everything the plant in Henderson, Nevada could produce. While the company will keep the Henderson plant it is expected that by the second half of next year most RTV production frames will be bent and welded in the Handan, China plant under American supervision." "This will insure we deliver the first RTV's on our Asian order in the first quarter of the coming year," added Howard Pearl. In June the company completed acquisition of Rhino Off-Road Industries, Inc., the manufacturer of the Rhino Off-Road RTV([R].) Visit www.rhino-offroad.com for more information about the innovative line of off-road vehicles. The company also retains distribution rights in North America for the XBoard, a jet-powered surfboard manufactured by Aqua Xtremes. For more information on XBoard, visit www.newrhoi.com. ROI is focused on delivering high quality, proven products to the fast growing, cross-generational outdoor lifestyle marketplace. The company is striving to consolidate manufacturers of products such as the Rhino Off-Road RTV, and the unique RV's manufactured by GWV GWV Gulf War Veterans , and to build effective sales channels for distribution. For more information on ROI, visit www.RhinoBrands.com. Cautionary Statement for the Purpose of the 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 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: Forward-looking statements in this news release are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Certain important factors could cause results to differ materially from those anticipated by the forward-looking statements, including the impact of changed economic or business conditions, the impact of competition, the success of existing and new product releases, the management of our growth, other risk factors inherent in the outdoor recreation, internet, and media industries and other factors discussed from time to time in reports filed by the company with the Securities and Exchange Commission. |
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