News!!!!!!!!!!!!!The momo for revenues and stock appreciation has begun, resin systems is gonna be hot hot hot in 2005/06..... Resin rolls into multimillion-dollar Version order 2005-04-26 10:13 ET - News Release Mr. Greg Pendura reports RESIN SYSTEMS ANNOUNCES INITIAL ORDER FOR THE APPLICATION OF ITS VERSION(TM) RESIN IN THE INDUSTRIAL SECTOR Resin Systems Inc., through its operating division, RS Technologies, has received a multiyear, multimillion-dollar order from Inline Fiberglass Ltd. (IFL) of Toronto, Ont., to supply Version resin for the manufacture of industrial conveyor system rollers. IFL will use a pultrusion process to manufacture the rollers, applying technologies and dies jointly developed by IFL and RS. Regular full container shipments of Version resin are scheduled to commence in early July, 2005, and continue for a minimum of three years. The frequency of shipments will be a minimum of one full container of Version resin per month and will increase to meet production and schedule requirements. Large industrial conveyor systems are commonplace in open pit mining operations or where large volumes of earth and/or rock are moved great distances. Historically, the majority of heavy industrial conveyor rollers have been manufactured with high-quality steel pipe. Management of RS believes that rollers made from its Version resin composite material will gradually replace the steel pipe used in the manufacturing process as end-users will enjoy an immediate and significant reduction in conveyor operating costs as a result of the conversion, including (i) operating cost savings resulting from using less energy to operate the significantly lighter Version resin rollers as compared with steel rollers, and (ii) reduced maintenance cost savings resulting from Version resin being maintenance free and not impacted by the natural elements such as rain, snow, moisture, temperature etc. The conversion from traditional steel rollers is only possible because of the unique superior strength and impact resistance properties of RSI's proprietary Version resin. The end-user of the composite rollers to be made by IFL is KWB SA Kopalnia Wegla Brunatnegro located in Betchatow, Poland, the largest open pit mine in the European Union. KWB mines in excess of 35 million tonnes of coal annually, all of which is used as a source of energy for an adjacent 4,000-megawatt thermal power plant. KWB is the largest member of a multicoal mine industry group in Poland and is known to be a leader in new mining process applications. Currently, the KWB mine alone operates in excess of 90 kilometres (56 miles) of industrial conveyors which require more than 600,000 rollers. The manufacture of each composite roller requires approximately four kilograms (nine pounds) of Version resin. KWB has initiated a conversion program which will see the existing steel rollers replaced with rollers made from Version resin over the next three-year period. Due to KWB's desire to begin the conversion program immediately, initial manufacturing will commence in IFL's existing facilities in Toronto and will continue in Poland as soon as local facilities are commissioned. IFL is a major global composite materials pultrusion fabrication company, specializing in thin wall pultrusion manufacturing. IFL is continuing to actively integrate Version resin into its comprehensive range of composite building and industrial products. IFL is headquartered in Toronto, Ont., and provides the global marketplace with composite material products.
Detailed Quote - Resin Systems Inc. - http://www.resinsystemsinc.com Sym-X Bid - Ask Last Chg % Vol $Vol #Trade Open-Hi-Lo Year Hi-Lo Last Trade News Delay RS - V 23.0 1.48 · 1.48 56.8 1.35 2.18 0.69 Apr 26 14:35 Apr 26 realtime Trade times are local to the exchange. Bid/ask/vol sizes in 000's. Fundamentals · Holders · Forum · Trade Workstation · Market Depth · 3 Month Closes · Technical Charts - 1 Yr | 3 Yr | 5 Yr · Java Charts - Intraday | Historical · · Company · 1yr Bulletins · Sedar · Historical · Short · Portfolio Recent Bulletins Date ET Price Type Headline 2005-04-26 10:13 1.35 News Release Resin claims multimillion-dollar Version order
CC tomorrow!!! Listen in , chart has bullish crossover, last new release showing massive revenues coming for this hot smallcap, a double from here near term not out of the question, this stock has a bright future imho: http://www.howardgroupinc.com/news/news_rsi2.htm http://www.grouprsi.com/index.aspx http://stockcharts.com/gallery/?RS.V http://www.grouprsi.com//services/d...cumentid=dc406453-18ea-4a90-9777-640e6d160284
Resin to supply RStandard poles down under 2005-05-03 07:38 ET - News Release Mr. Greg Pendura reports RESIN SYSTEMS ENTERS INTO LICENSE AND SUPPLY AGREEMENT TO INTRODUCE AND SUPPLY ITS RSTANDARD(TM) UTILITY POLES TO AUSTRALIA AND NEW ZEALAND Resin Systems Inc. has entered into a licence and supply agreement with Armor Utilities Structures Pty. Ltd. of Sydney, Australia, to introduce and supply RStandard utility poles to Australia and New Zealand on the following terms: RSI granted AUS a licence to use RSI's technology for the manufacture and sale of RStandard utility poles in the territory in consideration of a one-time licence fee payable upon commencement of the technology transfer and a continuing royalty fee expressed as a percentage of gross sale amounts of RStandard utility poles made by AUS. The licence is initially for a single production unit, comprising two cells capable of producing 2,000 kilograms per hour of completed RStandard utility poles. RSI has agreed not to issue any additional licences in the territory for a three-year period. RSI has agreed to provide AUS with a continuing supply of its Version resin at its best pricing point to facilitate the manufacture of RStandard utility poles by AUS; and RSI granted AUS a non-assignable right for six years on an exclusive basis with respect to the territory, to purchase RStandard utility poles from RSI and to represent, market, promote and sell RStandard utility poles in the territory. In order for AUS to maintain exclusivity within the territory, it must purchase or manufacture certain defined tonnages of RStandard utility poles within certain time frames. It is anticipated that AUS's production facilities in Australia will be operational by the end of the fourth quarter in calendar 2006. Until AUS's production facilities are fully operational, all RStandard utility poles to be distributed in the territory will be manufactured in RS's Alberta production facilities and shipped to AUS for distribution. RS has delivered a demonstration shipment of RStandard utility poles to AUS in Australia and it is anticipated that the first full containerload of RStandard utility poles will be shipped to AUS before the end of the third quarter in calendar 2005. The Australian electrical power utility industry has publicly identified the urgent need to replace in excess of 200,000 existing utility pole structures in the national power grid on an annual basis. Neil Caswell, managing director of AUS, stated: "The industry has also recognized that the growing shortage of traditional timber utility pole structures requires the implementation and usage of new longer-life manufactured alternatives. The RStandard utility pole structures provide the longest life and lowest life cycle cost solution of all current commercially produced utility pole structures, including wood, steel, concrete and other composite poles." AUS is a wholly owned subsidiary of Armor Australia Pty. Ltd., which is a composite materials engineering and manufacturing company specializing in composite moulding armour panel applications. Armor works within a variety of industries providing engineered composite solutions from design and prototyping through to providing fully designed and operational production cells. Since 2004, Armor has been engaged by the Australian electrical energy transmission and distribution industry to investigate the use of fibre composites to meet the industry's growing need for replacement of its utility pole structures. This initiative resulted in Armor identifying RStandard as the best suited solution for Australia. Armor is located in Sydney, Australia. RSI also announced today that it has filed its audited consolidated financial statements for the year ended Dec. 31, 2004, and management's discussion and analysis relating thereto with the applicable securities commissions in Canada, which documents are available for review on RSI's website and under RSI's profile on Stockwatch SEDAR files. Greg Pendura, the chairman, president and chief executive officer of RSI, and Paul Giannelia, the chief executive officer of RS, will discuss the financial results on the RS teleconference and webcast scheduled for later today at 4 p.m. (Eastern Time)/2 p.m. (Mountain Time). To listen to the webcast, go to www.grouprsi.com and scroll down to the link listed under "Latest News from RS." Analysts must preregister with Brenda Larabee of RSI prior to 11 a.m. MST (1 p.m. EST) at 780-732-6420 to receive the teleconference dial-in instructions.
Key Business Elements Rapidly Falling Into Place The key event this past month was the recent conference call of May 3rd with RS Technologies CEO Paul Giannelia covering events of the first quarter as well as a look into the future. Before discussing the teleconference, we'll first comment on a news release that was issued two days later. On May 5th. RS announced (click here) that it secured an order for an "initial shipment of its RStandard™ utility poles for the Athabasca Tar Sands". It would be very difficult to find anyone who hasn't heard of Alberta's Tar Sands based on its enormous oil reserves and the billions of dollars that are being invested in the area for new plants to enhance production from the current rate of several hundred thousand barrels per day. While the news release doesn't say so, it is our understanding that these will be the first composite power poles in the Tar Sands! These are 60 feet in length and will be shipped "within 30 days" for "one of the largest oil sands plant operators in the Athabasca oil sands region". For those who have been paying any attention to the ongoing development of the massive area in Northern Alberta, it has been made abundantly clear that government and industry have no choice but to spend hundreds of millions of dollars on infrastructure projects. These issues have been well publicized. Power generation is a critical element to the ongoing development of the area. This begs the question as to what else RS is working on in regards to the Tar Sands. Unfortunately, we can provide no further comment but are hopeful that there will be additional news not too far down the road. Now to the matter of the Q1 update teleconference. The first item on the agenda was the 2004 year-end results. There were no surprises based on the Company "transitioning from an R & D organization into commercialization". In short, RS lost $0.23 per share ($14+ million) on revenues of several hundred thousand dollars. $6 million was attributable to more than $6 million in capital expenditures and a $2 million write down on inventory and old equipment. We use the term "no surprises" as certainly no one that we have spoken with expected anything more than a substantial loss in 2004. Based on the fact the stock actually moved up to a $1.49 from $1.25 over the past four weeks, our belief is reinforced that shareholders did not plan for anything other than what was reported. Mr. Giannelia stated, "RS will be a cash user in Q2 and Q3 but in Q4 will be cash positive". While he wasn't more specific on expectations, we refer you to last October's webcast and conference call, where he stated that RS was a year behind its previously stated projections. At that time, the Company expected to generate approximately $23 million in sales in 2004. We feel RS is now looking to that revenue level for 2005. As we are looking for very little in the way of revenues in Q1 and Q2, Q3 should see a marked escalation in sales and a several fold increase in Q4. On the basis that management's expectations are realized, it is our feeling that the RS story will become very different as compared to today. No longer would there be questions about the Company's ability to sell its products and technologies. The anticipation would be focused on the organization's ability to handle what would be "stunning" growth. In short, what shareholders have been waiting for should be in view. By mid-November, with the reporting of the Q3 results, it will become apparent if years of work are now translating into returns that all have been awaiting.
Resin Systems receives first order for its Version(TM) resin for application in the South Korean construction industry 5/11/05 EDMONTON, May 11, 2005 /PRNewswire-FirstCall via COMTEX/ -- Resin Systems Inc. (RS - TSX Venture / RSSYF - OTCBB), a composite materials products technology company, and its operating division, RS Technologies (collectively, "RS"), are pleased to announce that RS has received an initial order for a full container load of its proprietary Version(TM) resin from Polymate, Inc., a South Korean distributor, which resin will be used to manufacture industrial grouting pipes. RS will advise the manufacturer on RS's proprietary pultrusion process which will be implemented to manufacture the grouting pipes. After initial manufacturer re-tooling, monthly full container loads of Version(TM) resin shipments to Polymate, Inc. are scheduled to commence in October 2005. Industrial grouting pipes are commonly used in civil engineering projects such as tunnelling where they are threaded through the soil to stabilize areas surrounding tunnelways. Tunnelling is an important endeavor in South Korea where mountains make up 70% of the geography, providing accessibility to otherwise inaccessible locations. RS understands that the industrial grout piping to be manufactured with Version(TM) resin will be used by Dae Won Soil, Construction & Engineering ("DWS"), headquartered in Seoul, South Korea, which has significant construction and engineering operations underway throughout the world. DWS specializes in state-of-the-art composite technology applications in underground support systems and soil stabilization projects and has many patented grout pipe applications using fibre-reinforced polymer and polyester resin. RS understands that DWS is making the transition to Version(TM) polyurethane resin because of its superior strength properties. For further information on DWS, visit www.daewontns.co.kr. RS is a composite materials technology company, which provides engineered solutions for applications of its proprietary Version(TM) resin on a worldwide market basis. RS is also commercializing its RStandard(TM) modular composite pole for sale to power utility companies domestically and internationally. For more information on RS, visit www.grouprsi.com. "Version" and "RStandard" are trademarks of Resin Systems Inc. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. SOURCE Resin Systems Inc. Greg Pendura, President and Chief Executive Officer, Resin Systems Inc., Ph: (780) 482-1953, Fax: (780) 452-8755, Email: gregp@grouprsi.com, www.grouprsi.com; Grant Howard, Investor Relations, The Howard Group Inc., (888) 221-0915, (403) 237-8387, grant@howardgroupinc.com, www.howardgroupinc.com http://www.prnewswire.com Copyright (C) 2005 PR Newswire. All rights reserved.
Resin Systems Expands Operations Into European Union and Announces Initial Purchase Order to Manufacture Approximately U.S. $45 Million of Industrial Conveyor System Rollers 8/4/2005 12:28:42 PM Resin Systems Retains KCSA Worldwide to Introduce Its Products and Services in the United States 8/3/2005 10:43:57 AM Resin Systems Completes Filament Winding Equipment Installation in Calgary Facility 8/2/2005 1:25:16 PM CNW Group summary of releases for Evening Tuesday, July 26, 2005 7/26/2005 11:07:51 PM CNW Group summary of releases for Evening, July 11, 2005 7/12/2005 12:06:07 AM Resin Systems updates status of trading symbol on OTCBB 7/11/2005 2:59:41 PM CNW Group summary of releases for Midday, Monday July 11th, 2005 7/11/2005 12:00:08 PM Resin Systems retains Cohen Independent Research Group to provide Wall Street analyst research coverage 6/16/2005 7:00:50 AM CNW Group summary of releases for Evening Friday, May 27, 2005 5/27/2005 9:35:02 PM CNW Group summary of releases for Midday, Friday May 27th, 2005