Struthers, Inc. New Boar Stud Facility is Projected to Generate $14 Million in Gross Revenues.CHARLESTON, S.C.--(BUSINESS WIRE)--Dec. 16, 1999-- Struthers, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: STRU STRU Structure ), announced that construction has begun on a new stud boar facility located in Fairbault County, Minnesota. Struthers, Inc. has contracted with Tolzmann Construction, S&R Manufacturing, Inc. and Courtland Industries to construct the facility to be completed in the first quarter of 2000. The buildings will house the Legred Struthers Genetics Pureline(TM) elite boar studs and a third adjoining building will house state-of-the-art automated semen collection Semen collection refers to the process of obtaining semen from domestic animals or humans with the use of various methods, for the purposes of insemination, or medical study (usually in fertility clinics). and packaging laboratory and embryo collection operating room operating room n. Abbr. OR A room equipped for performing surgical operations. . When fully operational, the boar stud facility will produce over 1,800,000 units of genetically superior semen per year. Gross revenue in the first year of operation is projected to exceed $14,000,000. The new facility, along with the recently acquired subsidiary Legred Struthers Genetics, Inc., will propel the growth of Struthers to one of the largest commercial boar stud operations and suppliers of superior genetics 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. . Struthers, Inc. plans to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the growth and technical innovations in the artificial insemination artificial insemination, technique involving the artificial injection of sperm-containing semen from a male into a female to cause pregnancy. Artificial insemination is often used in animals to multiply the possible offspring of a prized animal and for the breeding industry through its superior line of genetics and expand its profitable market share in semen sales with the new and existing Boar Stud Facility. Current breeding, through Artificial Insemination in North America, accounted for 50% of swine production. Forecasts from The IV International Conference on Boar Semen Preservation (August 98) predict Artificial Insemination usage to increase, over natural breeding, to greater than 80% by the year 2001. For further information on the Company visit their web site at http://www.struthersinc.com . This Press Release contains forward-looking statements within the meaning 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. Such statements include, among other things, statements relating to future expansion, anticipated sales growth, and business development activities. Forward-looking statements involve the expectations and estimates of the Company's management and are subject to a variety of uncertainties. Actual events or results could differ materially from those projected in the forward-looking statements due to a variety of factors, including domestics and global economics and market competitive factors. This is not a solicitation to buy securities and does not purport to be a complete analysis of Struthers, Inc. Investing in securities is highly speculative and carries a high degree of risk. Past performance does not guarantee future results. |
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