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CYAD Announces Production Plan for Rhino RTV(R) Wednesday June 28, 9:30 am ET
ROI Anticipates Delivery by End-of-Year
TORRANCE, CA--(MARKET WIRE)--Jun 28, 2006 -- CyberAds, Inc. (OTC BB:CYAD.OB - News) reported today that its wholly owned subsidiary, Rhino Off-Road Industries, Inc. (ROI), the manufacturer of the Rhino Off-Road RTV® (Rough Terrain Vehicle), has completed a Letter of Intent with the Hebei Sida Industry Group Co, LTD (HSIG) in China for production of the innovative off-road vehicle.
Source: CyberAds, Inc.
HSIG has broken ground on a 100,000 square foot facility, which is large enough to produce 5000 RTVs per year. The first phase will include two product lines housed in 30,000 square feet with annual production of up to 1000 RTVs. In order to meet production demand, the facility will feature in-house tube-bending, laser cutting and a large powder-coating facility. Additionally an on-site off-road testing area will be built. Engineers from ROI are scheduled to be on-site at the facility in Q3 to manage the set-up of the production lines, train engineering and production staff and program manufacturing equipment.
Executive management at ROI has extensive off-shore manufacturing background with particular experience in this region of China. ROI staff will work side-by-side with the HSIG team in the new factory in China. Critical functions such as quality control, vendor relations, oversight of production and coordination with international distributors will be managed by ROI staff. The company will continue to maintain R&D and engineering/design activities at the corporate headquarters in Henderson, Nevada.
"The addition of these manufacturing capabilities and personnel is key to the company's international growth strategy," stated Howard Pearl, President of ROI. "As the business grows beyond domestic borders, it is essential that the company responds quickly to customer demand by growing manufacturing capacity. China provides us with an excellent manufacturing climate, with an excess of labor, land, raw materials and parts suppliers. We have chosen to locate the facility in a city that has a large steel and aluminum mill, and on land that has direct access to the railway. These two key elements ensure an ample supply of raw materials, and the infrastructure to move the finished goods around the country and to port for shipment."
HSIG is a large-scale, ISO9001 certified manufacturer that currently occupies facilities exceeding one million square feet in China. The company produces container trucks, refrigerated trucks, dump trucks, RVs and many other automotive type products for the domestic Chinese market. With manufacturing facilities throughout the country, and hundreds of employees, HSIG has the financial and human resources available to support the growth and demand of ROI.
About ROI
Rhino Off-Road Industries, a wholly owned subsidiary of CYAD, is the manufacturer of the Rhino Off-Road RTV® (Rough Terrain Vehicle). ROI's management and design team are committed to providing affordable, innovative, safe-performance products that meet the needs of all off-road enthusiasts -- from the professional racer to the weekend adventurer. The company is based in Henderson, NV, a growing center for off-road activities. For information, visit www.Rhino-offroad.com.
About CyberAds
CYAD is a sales and marketing company that specializes in marketing products to young active consumers. The company works with manufacturers of sports and entertainment products to build distribution networks and develop sales and marketing programs for their products. The company vision is to improve share price through development of an outdoor sports and recreation company that combines aggressive growth strategies and experienced business management. The company also develops media properties focused on the extreme lifestyle marketplace including the Planet X Group. For more information, visit www.CYAD.com, or call (800) 288-3099.
Cautionary Statement for the Purpose of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995: Forward-looking statements in this news release are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Certain important factors could cause results to differ materially from those anticipated by the forward-looking statements, including the impact of changed economic or business conditions, the impact of competition, the success of existing and new product releases, the management of our growth, other risk factors inherent in the internet, and extreme sports industries, and other factors discussed from time to time in reports filed by the company with the Securities and Exchange Commission.
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