Mansur Industries Announces Agreement With Republic Industries
6 October 1998
Mansur Industries Announces Agreement With Republic IndustriesMIAMI, Oct. 5 -- Mansur Industries Inc. announced today that it has entered into a Master Purchase Agreement with Republic Industries pursuant to which the Company has become Republic's authorized and approved vendor of industrial parts washers. Republic, after two years of utilizing the SystemOne recycling parts washers in several of its automobile dealerships, coupled with months of extensive review and analysis, has endorsed the SystemOne units for use in its 300 plus automobile dealerships throughout the country. The Republic/AutoNation organization utilizes approximately 3,000 parts washer units and the Company looks forward to replacing the majority with its state- of-the-art SystemOne units. Paul I. Mansur, Chief Executive Officer of Mansur Industries, stated that, "We are very proud to add Republic Industries, the world's largest auto dealership group, to our growing list of national customers. The Company's SystemOne technology offers Republic compelling advantages. Based on independent testing as well as over two years of on-site evaluation of the Company's SystemOne units in operation at several Republic mega-dealerships, we believe that Republic's conversion to the Company's SystemOne technology will provide dramatic cost and productivity savings while eliminating millions of pounds of hazardous waste annually." Founded in 1990, Mansur designs, manufactures, sells and supports a full range of self contained, recycling industrial parts washing products for use in the automotive, aviation, marine and general industrial markets. The Company has been awarded ten patents for its products which incorporate innovative, proprietary resource recovery and waste minimization technologies. The Company is headquartered in Miami, Florida. This press release contains forward-looking statements regarding future events and the future performance of Mansur Industries that involve risks and uncertainties that could cause actual events to differ materially. Mansur refer you to the documents that Mansur Industries files from time to time with the Securities and Exchange Commission which contain important factors that could cause its results to differ from its current expectations.