Ginsite Materials Inc. Targets Increased Marketshare With Joint Venture Partnership Agreement.FORT LAUDERDALE Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. , Fla.--(BUSINESS WIRE)--Feb. 17, 1999--Ginsite Materials Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:GSIT), of Fort Lauderdale announced the structuring of a joint venture partnership agreement with Vancouver-based Millennium 3 Concepts Inc. The primary purpose of this strategic partnership is for Millennium, an affiliate of a multi-million-dollar construction management company, to use Ginsite as an exterior finish to the wall panels within Millennium's popular, light-weight structural system and for Millennium to market the complete system to large scale commercial, residential and institutional markets throughout 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. , Central America Central America, narrow, southernmost region (c.202,200 sq mi/523,698 sq km) of North America, linked to South America at Colombia. It separates the Caribbean from the Pacific. and the Caribbean. "It will be easy to integrate the Ginsite coating product into our currently established business and I think using Ginsite will help open the doors to even more business," said Barry Moen, president of Millennium. "We are already looking at coating the brick facade of a 36-story condominium condominium In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common. in Canada with Ginsite." Murray Ginsberg, founder of Ginsite Materials Inc. and inventor of Ginsite's products, said that this partnership presents strong opportunities for both companies. "Barry has been on the cutting edge of this industry for years, so it is exciting to me that he sees the real value and strength in our product. This is just the beginning of a very successful, long-term business relationship," he said. Ginsite Materials Inc. has created the material formulation to solve a critical worldwide environmental and housing need. Inspired by the goals of ending deforestation deforestation Process of clearing forests. Rates of deforestation are particularly high in the tropics, where the poor quality of the soil has led to the practice of routine clear-cutting to make new soil available for agricultural use. and providing shelter to families in third-world countries, the company has manufactured a high-quality, affordable coating material coating material, n a biologically acceptable, usually porous nonmetal applied over the surface of a metallic implant with the expectation that tissue ingrowth will occur in the pores. Often a carbon polymer or ceramic substance. for the building and marine industries. The Ginsite formulation is four times stronger and four times lighter than concrete blocks and is considered friendly to all environments. Its versatility and adaptability have immediately opened doors to countless lucrative opportunities in the construction, roofing and marine industries. Specific uses for Ginsite include enhancing concrete and wood products such as driveways, pools, boats and more. No stock exchange has approved or disapproved the information contained herein. |
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