Gold River Productions, Inc. (GRPS) Discusses Investor Questions
October 18 2010 - 11:01PM
Marketwired
John Ohlin, President and Chief Executive Officer of Gold River
Productions, Inc. (PINKSHEETS: GRPS) reported today that there have
been a number of questions asked by investors that bear
clarification. "I have had questions asked that are pertinent and
should be shared with investors. I will address one today in a
Q&A format." Other questions will be addressed in future
releases.
Question: The Company's technology applies to a variety of large
markets: solar roofs, housing, marine and R.V. markets, utility
trailers, delivery vans etc. Given the limited resources of a
startup how will you attack these different business segments?
Answer: "Great question! New businesses typically run out of two
things first: money and talent. Inventors don't necessarily make
good business managers or vice versa. Our Chief Technology Officer,
Mr. Romesburg, is our resident genius while I on the other hand
have a deep experience managing manufacturing businesses, an
excellent distribution of our collective brain trust. We also have
an excellent group of individuals including Engineers, MBAs and
PhDs waiting to join us when appropriate.
"We will begin manufacturing products first, for markets
requiring little ramp up such as the pontoon boat market. Other
markets such as housing, P.V. solar roofs, delivery vans etc.
require longer ramp up times. The R.V. industry for example
operates on annual build cycles, once the coming year's
products/materials have been determined and sent to the plants,
nothing changes for at least a year. Consequently, we will develop
a revenue stream from the products requiring the least engineering
and/or ramp up and open the other market segments based on their
expected ramp up time, the size of the market and as our revenue
grows," Mr. Ohlin replied.
For complete information on the Company please go to our web
site www.atpanels.com. Contact: Mr. John Ohlin, President/CEO @
801-523-2744.
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
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