Rhino Off-Road RTV Facility in China Readies Production Line.
Asian Launch Planned for International Exhibition - iOffroad Asia 2007
HENDERSON, Nev. -- Rhino Outdoor International, Inc. (OTCBB OTCBB
See OTC Bulletin Board (OTCBB). : RHOI), which operates outdoor activity based businesses, including wholly owned subsidiary Wholly Owned Subsidiary
A subsidiary whose parent company owns 100% of its common stock.
In other words, the parent company owns the company outright and there are no minority owners. Rhino Off-Road Industries, Inc., reported today that equipment is being installed and materials and parts are being ordered to begin assembly of the Rhino Off-Road 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 at facilities in China. The company previously announced an agreement with Hebei Sida SIDA Syndrome d'immunodeficience acquise, French for AIDS, see there Industry Group Co, LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability (HSIG HSIG Hermetically Sealed Integrating Gyroscope ) in China for production of the innovative off-road vehicle.
Representatives from Rhino Off-Road Industries are traveling to China to coordinate set-up of the production line and to work with counterparts at HSIG to place initial orders for materials and components for the assembly of the vehicles. Design and engineering plans are in place and a template vehicle was delivered to the facility last month. HSIG has placed an order for 1000 vehicles to be delivered over the next three years as part of the agreement between the companies.
"We plan to introduce the Rhino Off-Road RTV to the Chinese market at iOffroad Asia in December of this year," stated Howard Pearl, 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. & President of Rhino Outdoor International, parent company of Rhino Off-Road Industries. "The market for off-road vehicles in China has quadrupled over the past 5 years and is growing at over 18% per year. Experts predict that China will be the world's largest auto market within the next decade." iOffroad Asia is an international exhibition of off-road vehicles which will be held at the China World Trade Center in Beijing, December 5 - 8th 2007. For information on the show visit www.ioffroadasia.cn.
HSIG has a 100,000 square foot facility, which is large enough to produce 5000 RTVs per year. The first phase will include two product lines housed in 30,000 square feet with annual production of up to 1000 RTVs. In order to meet production demand, the facility will feature in-house tube-bending, laser cutting and a large powder-coating facility. Additionally an on-site off-road testing area will be built.
About Rhino Off-Road Industries
Rhino Off-Road Industries is the manufacturer of the innovative Rhino Off-Road Rough Terrain Vehicle (RTV). The RTV was designed for active, outdoor oriented families and individuals wanting to experience off-road adventure in virtually any off-road terrain. The Rhino RTV has added a new dimension to wilderness adventure tours and created a new category in the growing off-road rental industry. The dependable and affordable Rhino Off-Road RTV is manufactured in Henderson, NV. For more information please visit the 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). website at www.RhinoBrands.com.
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