ZANN Corp. Announces New Sales Orders
19 Agosto 2005 - 11:57AM
Business Wire
ZANN Corp. (OTCBB:ZNNC) announced today that since it began
accepting orders under AutoFast(R) for the purchase of
semi-automatic riveting tools and magazines the cumulative orders
have already grown to $469,681. According to Robert C. Simpson -
CEO, "Our first orders are very stimulating. We have several large
companies who have expressed serious interest in our products and
therefore we are increasing magazine production capacity well ahead
of requirements. We are negotiating with major manufacturing
companies in automobiles, aircraft, trucks, electrical products,
building materials and sheet metal fabrication. If any five of
these companies buy the number of tools they are talking about we
will have orders in place for more than 5,000 tools when signed.
5000 tools should generate magazine sales of 25/day at
$4.00/magazine or more than $100,000,000/yr in revenues." Simpson
went on to say, "This semi-automatic riveting system can run at
more than one rivet/second with a skilled operator. The AutoFast(R)
system represents superior quality, enormous productivity
improvements and labor savings of greater than 50%." ABOUT ZANN
CORP ZANN Corp. Our primary business is the manufacture and sale of
high quality, high value semi-automatic riveting tools and
magazines. For additional information please visit the corporate
website at: www.zanncorp.com Certain statements in this news
release may contain forward-looking information within the meaning
of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under
the Securities Exchange Act of 1934 and are subject to the safe
harbor created by those rules. All statements, other than
statements of fact, included in this release, including, without
limitation, statements regarding potential future plans and
objectives of the company, are forward-looking statements that
involve risks and uncertainties. There can be no assurance that
such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in
such statements.
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