China Plant Will Operate Ahead Of Schedule
TORRANCE, Calif.--Rhino Outdoor International, Inc. (OTCBB: RHOI), a business development company that consolidates and operates outdoor activity based companies is pleased to announce that Rhino Off-Road Industries, Inc., its wholly owned subsidiary and the manufacturer of the Rhino RTV ® anticipates the facility being built to produce the next generation of its RTV's will be ready in just over a month, which is two months ahead of the planned date. The facility, which will be largely self contained is housed in a building operated by The TUOMA group, the largest domestic supplier of refrigerated truck bodies in China. While TUOMA will supply the labor Rhino Off-Road will provide the training and product development.
“I'm not surprised they're ahead of schedule,” Stated Howard Pearl of Rhino Off-Road Industries Inc. “This is a very sophisticated manufacturing group with years of experience and success. They continue to surpass our expectation in the development of this facility. I'm looking forward to the expansion of what appears to be a dynamic relationship. The facility is critical to our ability to grow here in North America and overseas, or fill larger institutional and government business we may receive. Until now the company has had to be judicious in its approach to distribution, selling everything the plant in Henderson, Nevada could produce. While the company will keep the Henderson plant it is expected that by the second half of next year most RTV production frames will be bent and welded in the Handan, China plant under American supervision.”
“This will insure we deliver the first RTV's on our Asian order in the first quarter of the coming year,” added Howard Pearl.
In June the company completed acquisition of Rhino Off-Road Industries, Inc., the manufacturer of the Rhino Off-Road RTV ®. Visit www.rhino-offroad.com for more information about the innovative line of off-road vehicles. The company also retains distribution rights in North America for the XBoard, a jet-powered surfboard manufactured by Aqua Xtremes. For more information on XBoard, visit www.newrhoi.com.
ROI is focused on delivering high quality, proven products to the fast growing, cross-generational outdoor lifestyle marketplace. The company is striving to consolidate manufacturers of products such as the Rhino Off-Road RTV, and the unique RV's manufactured by GWV, and to build effective sales channels for distribution. For more information on ROI, visit www.RhinoBrands.com.
Cautionary Statement for the Purpose of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995: Forward-looking statements in this news release are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Certain important factors could cause results to differ materially from those anticipated by the forward-looking statements, including the impact of changed economic or business conditions, the impact of competition, the success of existing and new product releases, the management of our growth, other risk factors inherent in the outdoor recreation, internet, and media industries and other factors discussed from time to time in reports filed by the company with the Securities and Exchange Commission.