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December 23, 2004
Thomas Equipment, Inc. Completes Definitive Agreement to Acquire Pneutech Inc.
Pneutech Inc. to Become Wholly Owned Subsidiary of Thomas Equipment, Inc.
Milwaukee, WI (PRWEB) December 23, 2004 -- Frank P. Crivello, Managing Member, Crivello Group, LLC, announced that Thomas Equipment, Inc., www.thomasequipment.net ("Thomas") (OTC BB: TEQI) reached and executed a definitive agreement with Pneutech Inc. ("Pneutech") to acquire one hundred percent of its outstanding stock in a stock for stock tax free acquisition. Execution of a definitive agreement was approved by Thomas' Board of Directors; shareholders representing one hundred percent of Pneutech have approved the transaction.
Thomas, www.thomasloaders.com, is a leading global manufacturer of a full line of skid steer and mini skid steer loaders as well as attachments, mobile screening plants and six models of mini excavators. Thomas distributes its products through a worldwide network of distributors and wholesalers. In addition to its industrial and construction products it manufactures a complete line of potato harvesting and handling equipment.
Pneutech, www.pneutech.ca, is a manufacturer of hydraulic systems and is a strategic supplier to Thomas. In the fiscal year ending October 31, 2004, Pneutech had revenue of approximately C$65,000,000. In addition, the current directors of Thomas will assume similar positions with Pneutech. The definitive agreement is subject to usual and customary commercial conditions including the approval of TEQI's lenders.
"The Pneutech acquisition is a key element in my overall strategy of building synergistic businesses with revolutionary technology," said Clifford Rhee, President and Director of Thomas. "We are now poised for continued expansion, both through acquisitions and via organic growth. Our mission is to make Thomas a leading international manufacturer in all of its product lines." Mr. Rhee and Mr. Kent own approximately 78 percent of the common shares of Pneutech.
TEQI Chairman David M. Marks stated: "This acquisition is integral to our overall acquisition strategy in this space. Cliff and I are confident that we will create tremendous shareholder value, as we continue to build the Thomas business." Thomas' counsel, Sichenzia Ross Friedman Ference LLP, http://www.srff.com/, represented it in the transaction.
CG Managing Member Frank Crivello stated: "We were pleased to assist TEQI in negotiating this acquisition. We continue to provide TEQI with strategic consulting services; as well, our principals are equity investors in TEQI."
About Crivello Group, LLC www.crivello.com: CG is a strategic advisors and partners to distressed and emerging companies. CG’s solutions for distressed or emerging companies include:
• Stabilization
• Capital & Debt Alternatives
• Staff, Boards, and Professionals
• Divestiture & Dissolution
• Plan of Restructuring or Reorganization
Safe Harbor Statement Under the Private Securities Litigation Act of 1995 - With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of CG could differ significantly from those statements. Factors that could cause or contribute to such differences include, but are not limited to assumptions relating to the marine market and that there will be no unanticipated material adverse change in CG's operations or business.
Contact:
New-School Communications, LLC
Blois Olson, 651-221-1999
www.new-school.com
Posted by Industrial at 02:57 PM | Comments (0)
December 20, 2004
Safer Military Vehicles Goal for Louisiana Manufacturer
Starting with little more than a concept, Louisiana chemist Tom Leaverton is producing an exclusive line of products to stop corrosion, prevent leaks, eliminate odors and reduce cooling costs. With a client list including heavy-hitters like the Pentagon, he hopes a “Big Cat” will help him get the word out he can also improve the safety of military vehicles and provide strong, low-cost refugee shelters.
Monroe, LA (PRWEB) December 20, 2004 -- Atlanta sales rep Jay Maddox hopes the holiday focus on goodwill will help him find the right connection to make military vehicles safer and provide low-cost housing for refugees.
“A serendipitous conversation with my sister-in-law introduced me to Pro Set, Inc., a Louisiana manufacturer of pure polyurea,” explains Maddox. “The original product, manufactured by Texaco about 20 years ago, was rigid with few applications. Our chemist and CEO, Tom Leaverton spent three additional years perfecting a more elasticized version, which has since been applied to such high profile projects as the roof of a Pentagon building.”
Leaverton adds, “After I finalized the formula, even I have been surprised by the versatility of the product. Recently, a United Nations delegate asked us to develop inexpensive refugee housing. We used the improved polyurea to design a strong, waterproof shelter to house 6-8 people for less than $700 each. We could manufacture these units all day long to be shipped all over the world, if only we could get the word out to the right folks.”
One person who helps preach the good news is former professional football legend and Leaverton’s longtime friend, Ernie “Big Cat” Ladd, now the company’s marketing director.
“Pro Set is a lot like the AFL in its early years,“ Ladd explains. “Despite its life-and-death struggle against the well-financed NFL, the quality of the AFL ultimately prevailed. They proved that quality-in produces quality-out. Not so long ago, hardly anybody ever heard of Pro-Set or polyurea. Now, architects and engineers are writing our products into their specifications as preferred applications to stop corrosion, prevent leaks, eliminate odors and reduce cooling costs.”
Mike Roberts, Director of Sales, says security concerns have helped to create even more new markets for pure polyurea coatings.
“Since 9-11, all federal buildings require a 250-foot buffer zone,” he explains. “Apply a 1/8” coating of our products as a bomb-proofing agent to the inside and outside walls reduces the buffer requirement to 125 feet. In some cases, federal agencies which may have been forced to relocate because they couldn’t maintain an adequate buffer in their current location can now stay where they are, saving taxpayers thousands of dollars.”
Pro Set officials are also touting the product as an effective, low-cost add-on to improve the safety of military vehicles in Iraq.
“This is the time of year everybody likes to feel good about what they’re doing,” Maddox concludes. “We want to help save lives by applying Poly Pro to the interior of our military vehicles. We’re also working with federal building operators to comply with FEMA regulations to reduce energy costs 30 percent by 2010. We apply a reflective coating, which meets energy conservation requirements and virtually pays for itself in lower cooling costs. Besides that, from the air, it looks like snow. That ought to make Santa happy!”
Posted by Industrial at 02:17 AM | Comments (0)
December 17, 2004
Stop the Shakin’ with Lovejoy/ROSTA®
Increase Equipment Lifespan and Improve Operation Efficiencies
(PRWEB) December 17, 2004 -- With a shaker screen thirty feet off the ground, it’s hard to tell the difference in component product quality . . . until the system fails. Then, the welds are cracking and the stairs are shaking enough to jar your teeth not to mention the impact on production when crushers and screens come to a halt because of failure. For the manager pushing his equipment to the limits, or a bit beyond during a heavy production cycle, Lovejoy® ROSTA® demonstrates the solution. Visit the company’s corner booth S-14016 in the IFPE section of CONEXPO-CON/AGG 2005, March 15-19, Las Vegas, Nevada
Lovejoy® ROSTA® features the latest technological advancements and most durable choices for the aggregate and mining industries with its line of tensioners, damping and vibration-limiting parts and equipment. Of particular interest, considering the international nature of the show is Lovejoy’s presence and sterling reputation in more than 55 countries around the world.
Superior Quality
A side-by-side comparison of Lovejoy® ROSTA® oscillating mounts with any competitive product illustrates a clearly visible difference in quality of construction. The Lovejoy ROSTA oscillating mounts contain precisely fit elastomeric elements. These parts generally perform for a minimum of seven years under the most rigorous, demanding punishment an aggregate operation can devise. And, only Lovejoy ® ROSTA® products are designed and constructed exclusively to serve the aggregate and mining industries. The expertise, materials and in-field testing clearly demonstrate a superior product package with Lovejoy® ROSTA®.
Several different demonstrations at the booth help visualize for attendees the superior engineered quality, durability and performance capabilities of the Lovejoy® ROSTA® products. In one demonstration AB oscillating mounts on a shaker screen show how quickly and smoothly the technology performs in start-ups and shut-downs. Another demonstration is actual stairs visitors can climb to feel the degree of vibration isolation offered by the AB and AB-D family of oscillating mounts.
Every plant manager appreciates a product that helps extend the life of other equipment parts to help spare maintenance, labor and replacement expenses. A demonstration of the belt tensioner with SE elements and motorbase shows how this product helps extend belt life.
For the toughest equipment to meet the rigors of your aggregate/construction operation, visit the Lovejoy® ROSTA® booth S-14016 in the IFPE section of ConExpo-Con/Agg 2005, March 15-19 in Las Vegas, Nevada.
ROSTA products are based on rubber suspension elements. Patented in 1941, ROSTA products continue to provide best-in-class performance and are used around the world, in millions of applications, replacing metal springs and spring and bearing combinations, reducing component and assembly cost, while improving product reliability and performance. With no metal-to-metal contact, ROSTA elements eliminate the need for lubrication, avoid failures caused by moisture and rust, diminish audible noise associated with moving metal parts, and are absolutely maintenance free.
The Lovejoy /ROSTA® line for the construction/aggregate industries is only part of the many solution-engineered products from Lovejoy. Founded in 1900, Lovejoy enjoys an international reputation as the leading company specializing in flexible coupling design and development. Lovejoy products are available worldwide through distributors in North America and 55 other countries, supported by Lovejoy offices and support staff in Canada, Europe and the USA. Lovejoy, Inc. is certified under the ISO-9001:2000 International Standards for Quality Management.
For more information, visit Lovejoy’s Web site at www.lovejoy-inc.com, or contact Lovejoy, Inc., corporate offices at 2655 Wisconsin Ave., Downers Grove, IL, 60515, USA. Phone 630-852-0500; fax 630-852-2120; e-mail inquiries e-mail protected from spam bots.
Posted by Industrial at 02:42 PM | Comments (0)
December 16, 2004
Bakery & Food Processing Equipment Experts Move Facilities to Orlando, Fl.
C & H Machine Shop clients boast brands such as Cheerios, Chex, Total, Wheeties, Betty Crocker, Bisquick, Yoplait and many other household names. Their clients include top food processors such as General Mills, General Foods, Kraft, Pillsbury, and Entenmann’s Bakery, but the average consumer knows nothing about them.
(PRWEB) December 16, 2004 -- C & H Machine Shop clients boast brands such as Cheerios, Chex, Total, Wheeties, Betty Crocker, Bisquick, Yoplait and many other household names. Their clients include top food processors such as General Mills, General Foods, Kraft, Pillsbury, and Entenmann’s Bakery, but the average consumer knows nothing about them.
“We build and maintain food processing or baking equipment for some of the largest companies in the world”, says CEO Errol Chung. “However, we’re not a consumer based organization”, Chung continued. “Our clients produce the top consumer brands in the food and baking industry and we help by making sure that their equipment is always in top form. Our clients can rely on the fact that we are able to minimize their down time or build new machines as they need them for their facilities”
C & H Machine Shop moved their facilities from Miami to Orlando in early 2004. Experts agree that C & H Machine Shop new strategic plan will be good for business, clients and the Orlando economy. “Orlando has a need for a top quality food processing and bakery service organization,” says Rohan Hall, veteran business consultant and author of Stop Working. “C & H Machine Shop is positioned to leverage its experience with Fortune 500 clients and mid-size businesses by providing quality services to the Central Florida market.”
“I am not aware of any other organization in the area with the experience and expertise that C & H Machine Shop has in the food processing and baking services industry,” Hall concluded.
Free analysis of your equipment: C & H Machine Shop offers its corporate clients a free evaluation of their baking and food processing machines & equipment. A specialist will provide an analysis of the equipment and a quotation of the cost of repairing or rebuilding it.
Contact:
Errol Chung
C & H Machine Shop
Tel: 863-439-0088
e-mail protected from spam bots
www.chmachineshop.com
Posted by Industrial at 01:23 PM | Comments (0)