The Bullhide Liner Corp. Increases Projected Revenues
8 April 1999
The Bullhide Liner Corp. Increases Projected Revenues by Over $1 Million
SPOKANE, Wash.--April 8, 1999--The Bullhide Liner Corp. (OTC BB:BULH) announced Thursday that it has added 11 new application centers since Dec. 31, 1998, including four which have been added over the past two weeks, increasing its total number of application centers to 55 in 24 states and two countries.The new locations, when fully operational, will add $330,000 in immediate revenues and an additional $660,000 in annual revenues to the company.
The four newest application centers, one of which is a master distributor, are located in Chicago, Rocklin, Calif., Portland, Ore. and St. Louis. The master distributor has contracted to add five more application centers by Dec. 31, 2000, for a total of approximately $300,000 in annual revenues when fully operational. According to W. Gordon Freeman, chief executive officer of Bullhide: "These new dealers, plus the addition of our fourth master distributor during the first quarter of this year, as well as the recent dramatic increase in the ordering of Bullhide products by our current dealers, bodes well for our fiscal year 2000 financial performance."
The Bullhide Liner Corp. has a revolutionary patent pending polyurethane-based material initially targeted for the pick-up truck bedliner market. With its superior strength, toughness, anti-skid properties and excellent chemical resistance, Bullhide has expanded into the industrial flooring market. Additionally, when spray molded onto metal, wood, fiberglass or concrete, this product provides: superior protection from corrosion and deterioration; chemical containment; sound dampering; waterproofing; and equipment protection. For more information visit Bullhide's web site at www.bullhide.com.
This material was prepared by Strategic Investors Group (SIG) for the company discussed herein, based upon company supplied information or other sources believed to be reliable. The information is not guaranteed by SIG for accuracy or to be all-inclusive. The foregoing discussion contains forward-looking statements that involve risks and uncertainties. Actual results could differ from those discussed in this release. This material is for informational purposes only and is not an offer or solicitation to buy or sell securities. SIG, its affiliate, and/or its officers, directors and employees may from time to time have a position in these securities.