Gold River Productions Inc. (GRPS-Pink Sheets) Announced Today That It Has Filled a Key Managerial Position Necessary to Initiat
10 Mayo 2011 - 8:10AM
Marketwired
John Ohlin, President and Chief Executive Officer of Gold River
Productions (PINKSHEETS: GRPS) Inc., announced today the hiring of
a multi-talented experienced plant manager, Scott Taylor. He will
be managing all facets of the day to day factory operations to
include but not limited to, staffing clerical, back office personal
and the hiring of factory employees, overseeing all capital
equipment projects, high speed factory automation and quality
control. With this important addition in place we are now well
under way to the realization of our strategic business plan as we
prepare to start producing both of our highly sought after
proprietary product applications.
Mr. Taylor is an aerospace engineer with thirteen years of
experience as an officer with the Kansas National Guard. During his
time with the National Guard Mr. Taylor was responsible for the
operations and maintenance of 21 National Guard locations in
Kansas. Mr. Taylor has been one of the engineers working on the 787
which is the first commercial airplane built with composite
materials. We feel he is the perfect fit at this critical time and
represents a positive step forward in achieving both our long and
short term goals as well as increasing shareholder value.
When fully staffed our factory will employ up to 35 full time
employees with the ability to add additional shifts to accommodate
peak periods and or emergency orders. Once the plant is fully
operational we will be concentrating on two main revenue
streams.
First and foremost is the "World Home" Prefab Earthquake
resistant home. Once operational and assuming two shifts per day we
would be capable of producing up to four hundred, 700sq ft houses
per month which can be erected at a customer's desired location in
under 3 days, representing the most viable alternative available
for any potential customer. As stated in our recent press releases,
we have experienced a peak in interest due to the tragedy in Japan
and expect to realize significant orders in the near term as
favorable negotiations continue. At a cost of approximately $21,000
per erected home at maximum production, the potential monthly
revenue would exceed $8,000,000, an annualized $96,000,000.
Our second priority revenue stream comes from our Pontoon Boat
Decking application. Recently one of the largest pontoon boat
manufacturers located in the U.S. expressed an interest in using
AeroQuest's patent pending composite decks on all of their newly
constructed Pontoon boats. They were sent a proto-type
all-composite deck sample to test. After they had completed a
series of rigorous testing on the one-piece deck, they reported
that they were "extremely pleased with the durability, stiffness,
flexibility and the ease of installation." The weight savings of
70% was, as they put it, "icing on the cake." They produce
approximately 40,000 new pontoon boats per year. . The realization
of just this one contract would require 7,000,000 sq. ft. of decks
per year, each deck being an average of 180 sq. ft. at a cost of
$4.00 per sq. ft. calculates to over $28,000,000 in revenue for
AeroQuest each year.
For complete information on the Company please go to our web
site www.atpanels.com.
Except for historical information contained herein, the
statements in this release are forward-looking statements that are
made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements involve known and unknown risks and uncertainties that
may cause the company's actual results in future periods to differ
materially from forecasted results. Such risks and uncertainties
include, but are not limited to, market conditions, competitive
factors, the ability to successfully complete additional financing
and other risks.
Contact: Mr. John Ohlin President/CEO 801-523-2744
Gold River Productions (PK) (USOTC:GRPS)
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