Tirex is a US company based in Canada for financial reasons, and has a patented tire-recycling system, that produces 99.9+% rubber crumb (different than most systems that produce crumb contaminated with steel and fiber fragments) without using liquid nitrogen (which all other systems producing near 99.9% pure rubber crumb use)
By Tirex not using liquid nitrogen, it cuts their cost of operation by about 50% and reduces the maintenance required (compared to liquid nitrogen systems).
Tirex already has received requests for information world-wide from people or groups in 10 countries and was recently visited by chinese delegates, who have already made the first step towards entering into an agreement.- see July 13th Press Release http://www.newswire.ca/cgi-bin/view.cgi?OKEY=65633
They have spent a long time further improving their TCS-1 system, and they are now being built -see July 12th Press Release http://www.newswire.ca/cgi-bin/view.cgi?OKEY=65633
Tirex also has a patented RuCrumb, rubber with superior molding, durability, and other desired properties. They will develop and market rubber crumb later in their business, and have already hired key people to move forward. http://www.newswire.ca/releases/April2000/03/c0189.html
See what representatives from China, and New York have written to Tirex http://tirex.com/updates-other.htm
Italy has expressed interest to the amount of $70 million- see the latest PR
>>Here are links that will show any new information that comes out on Tirex, and much information about who they are and what they do:
CEO, John Threshie answers shareholder questions: http://tirex.com/faq.htm
Press Releases- http://www.newswire.ca/cgi-bin/view.cgi?OKEY=65633
Updates on Tirex's Business- http://tirex.com/updates-other.htm
Updates on Tirex's TCS-1 system- http://tirex.com/updates.htm
Tirex's Revenue Schedual for Contracts- http://www.ragingbull.altavista.com/mboard/boards.cgi?board=TXMC&read=66020
Pictures of Tirex's TCS-1, taken by shareholder- http://www.geo cities.com/tirexphotos (with no spaces)
Tirex's March 2000 Business Plan- 27 pages -very informative on What Tirex plan to do, and the numbers they expect to achieve (this link also includes the Ground Rubber Report-http://members. x o o m .com/_XMCM/cics1474/index.htm (with no spaces)
Tirex research link http://www.msnhomepages.talkcity.com/DharmaDr/peacefreed/TXMC.html
Tirex's homepage http://www.tirex.com
their homepage has links to thoroughly explain their TCS-1 system,
Profiles of the people running Tirex,
Profile of the CEO of Ocean, who will be, exclusively, building and selling Tirex's systems in the USA http://www.ragingbull.altavista.com/mboard/boards.cgi?board=TXMC&read=52292
Word to be wise...
Only trust information, data, and your own decisions! Be cautious of information in posts- look at the original data if you really want to know!!
Peace and Profits
-Following is info on the timing of revenues from sales, and also the strengths of Tirex's US marketing and sales company-
[#]Tirex gets revenues before the TCS is built- they get paid part on the signing of a contract
Tirex- from their March 2000 Busniess Plan
Assumptions underlying financial forecasts
· Existing inventory of surplus machinery and crumb inventory to be sold by June 30, 2000
· Sales taxes receivable would remain flat in that most sales are overseas and thus not subject to sales tax collection by Tirex. Thus only sales taxes paid by Tirex on Canadian domestic purchases are involved.
· Research and Development expenditures will reduce following June 30, 2000 because the TCS-1 will have been completed. The ongoing research and development will relate to improvements to the TCS-1 and to the development
of rubber / thermoplastic compounds which could thence be licensed out.
· The note payable to ScotiaBank will be paid off prior to June 30, 2000
· Deposits payable are based on receiving cash at the outset of and during a contract with a customer. More specifically:
Timing.....Per cent of Contract.....US Dollars
Delivery of site-specific blueprints
Blueprints plus 60 days...30%.......$675,000
Prior to loading.........30%........$675,000
Full and Final Acceptance...10%.....$225,000
· The above is different from the Hongli contract which called for 30% down and an irrevocable LC for the remaining 70% of which 60 percentage points could be drawn prior to shipping and the remaining 10 percentage points one year after delivery.
All those memorandum of understandings could become these revenues soon
Ocean has already started to build a TCS-1- they are started.....
this is from the March 2000 Business Plan -extremely informative and easy reading there is ore in this section but I want to get you to get interested so you go and learn the specifics for yourself.
[#]for all US sales, Tirex does nothing and recieves some money and much word-of-mouth reputation, while Ocean recieves the majority (and does all the work
the key here is the fact that for the US:
-Tirex does not need to expend any time, $, or effort to gain sales- Ocean will make the sales
-With these US sales, Tirex's reputation will also grow
-Leaving the US sales, and growth of reputation up to Ocean is wise because of the expertice of Ocean's CEO in the field of recycling and his networking he has already done
PROFILE of Louis Sanzaro:
(from 10-ksb 12/06/99 www.freeedgar.com )
LOUIS SANZARO, CEO of Ocean -Mr. Sanzaro holds a degree in marketing from Marquette University.
In 1997, he was named "Recycler of the Year" for the State
of New Jersey and was also awarded the distinction of being named "Recycling Processor of the Decade" by Ocean County, New Jersey.
He is the President and a member of the Board of Directors of the nation-wide, Construction Material Recycling Association.
Since 1986, Mr. Sanzaro has served as President and CEO
of Ocean County Recycling Center, Inc. ("Ocean County Recycling"), in Tom's River, New Jersey. Ocean County Recycling is in the business of remanufacturing
construction and demolition debris for reuse as a substitute for virgin materials in the construction and road building industries.
In addition, since 1989, Mr. Sanzaro has served as Vice President and COO of Ocean Utility Contracting Co., Inc., a New Jersey the Company engaged in the installation of sewer and water main pipelines and the construction of new roadway infrastructure. From 1973 until 1990, Mr. Sanzaro was the President and CEO of J and L Excavating and Contracting Co., Inc., a company engaged in the construction of residential, commercial, industrial, and government building.
Mr. Sanzaro was a member of the Board of Directors of the New Jersey state-wide Utility Transportation.