Creative Recycling Technologies, Inc. Makes Announcement.ATLANTA--(BUSINESS WIRE)--July 17, 1998--Creative Recycling Technologies Recycling technology Methods for reducing solid waste by reusing discarded materials to make new products. The three integral phases of recycling are the collection of recyclable materials, manufacture or reprocessing of these materials into new products, and , Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). symbol : CRTZ CRTZ chemoreceptor trigger zone. ) today announced that CRT (1) (C RunTime) See runtime library. (2) (Cathode Ray Tube) A vacuum tube used as a display screen in a computer monitor or TV. The viewing end of the tube is coated with phosphors, which emit light when struck by electrons. has been contacted by several foreign countries about the tire recycling Tire recycling is the process of recycling vehicles tires (or tyres) that are no longer suitable for use on vehicles due to wear or irreparable damage (such as punctures). process. In a statement made today by Mr. Frank Pringle, 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. of Creative Recycling Technologies, Inc., said that he had been contacted through various representatives regarding international licensing of the CRT Inc. Tire Recycling Process. Mr. Pringle stated in his announcement, "We have been contacted through domestic representatives, individuals in Saudi Arabia Saudi Arabia (sä  `dē ərā`bēə, sou`–, sô–), officially Kingdom of Saudi Arabia, kingdom (2005 est. pop. , India, Belgium, and Finland about licensing the tire recycling process". Mr. Pringle continued by stating, " This is an extremely exciting opportunity for us because at this time we have made no effort to contact anyone outside the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The interest for the tire process reconfirms to us that the tire problem is in fact a global issue. It also reconfirms that the company to come up with the solution will in fact provide an exceptional return to its investors and to the entire world with an environmental solution to a major problem. We at CRT, Inc. feel confident that we are the company with the process to accomplish this objective, and as a result have begun to explore the creation of contracts to license the process on an international basis". The Company has indicated that the licensing of the tire process was in the overall long-term plans, but because of the strong interest generated, it is rethinking the timing of the execution of that phase of the project. The original plans were to build several of the planned 13 plants, each which should process 20 million tires annually with the 13 plants being able to consume the number of scrap tires generated in the U.S. yearly. The strong interest, however, should cause the company to move forward and discuss the potential with the parties that have initiated contact. Mr. Pringle also stated," We are proceeding to work on the opportunity and will report back to the investment community about the progress achieved in the next several weeks". The balance of Mr. Pringle's statement reconfirmed the excitement that the company has for this opportunity and for the value that it brings to CRT, Inc. and it's shareholders. CRT, Inc. is a company that uses and develops technology for the recycling of reusable materials and is currently pursuing acquisitions in other high technology companies. For further information , please contact Frank Pringle at 609-654-5145. CONTACT: Creative Recycling Technologies, Inc. Frank Pringle, 609-654-5145 |
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