Business
Resin Systems Announces Start of Commercial Production
Resin Systems Announces Start of Commercial Production.
About this update from Real Estate Split Corp Class A
[{"type":"text","content":"\n\n\n\nCALGARY, Aug. 27 /CNW/ - Resin Systems Inc. ("RS") (RS - TSX/RSSYF -\nOTCBB), a developer of innovative advanced material products, today announced\nthat its contract manufacturer, Global Composite Manufacturing, Inc., has\nbegun commercial production of RStandard(TM) utility poles from the first\nproduction cell in Tilbury, Ontario.\n\n\nCommercial production has begun following the completion last week of\nclimate controls on the first production cell and all required quality checks.\nProduction began with one shift and Global Composite Manufacturing, Inc. plans\nto add second and third shifts shortly with full production from the first\ncell anticipated in the fourth quarter. The finished product will initially be\ndedicated to customer shipments and trial production of several product\nimprovements developed this year.\n\n\n"The beginning of commercial production is a critical milestone reached\nthrough the dedicated joint effort of Global Composite Manufacturing and RS\nover many months. We will now turn our attention to adding shifts on the first\ncell and working on the preparation of the second cell," said Paul Giannelia,\npresident and chief executive officer. "These are the next important steps in\nreaching our goal of establishing meaningful revenue increases by the end of\nthis year and reaching profitability in 2008."\n\n\nReader Advisory\n\n\nCertain information set forth in this MD&A, including management's\nassessment of RS's and Global Composite Manufacturing, Inc.'s future plans and\noperations, contains forward-looking statements which are based on RS's\ncurrent internal expectations, estimates, projections, assumptions and\nbeliefs, and which may prove to be incorrect. Some of the forward-looking\nstatements may be identified by words such as anticipate", "believe", "plan",\n"estimate", "expect", "predict", "intend", "will", "may", "could", "would",\n"should" and similar expressions intended to identify forward-looking\nstatements. These statements are not guarantees of future performance and\nreliance should not be placed on them. Such forward-looking statements\nnecessarily involve known and unknown risks and uncertainties, which may cause\nRS's actual ...