Gold River Productions Inc. (GRPS-Pink Sheets) in Discussions With a Major Manufacturer With Its Technology
April 19 2011 - 10:37AM
Marketwired
John Ohlin, President and Chief Executive Officer of Gold River
Productions (PINKSHEETS: GRPS) Inc. commented today that "we have
been in discussions with a major manufacturer in the marine
industry regarding its technology and products.
"The initial market segment within the marine industry for GRPS
will be in pontoon boat decks followed by house boat decks and
walls. Currently, pontoon boat decking is made from marine plywood
that is pieced together to cover the required area. The plywood
used weighs approximately 3 lbs. per square foot and must be
replaced on average, at ten year intervals. As multiple pieces of
plywood are used, a large number of structural members must be used
to support the deck.
"We will be able to provide our customers for this product with
a one piece deck that weighs less than 1 lb. per square foot,
requires fewer structural members, will never rot, and due to the
weight savings will require less fuel to operate the water craft.
Further, our pontoon boat deck panels will help the boat meet the
Coast Guard requirements for floatation in a superior manner than
any other material. All of these benefits will be available to our
customers at little or no increase in total cost.
"Although much of the marine market has declined in recent times
due to the economy, one major manufacturer reported to us that they
had a 5% increase in 2010 in their pontoon boat products which had
previously been selling at an annual volume of 45,000 units," Mr.
Ohlin said.
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
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