International Absorbents' New Ferndale Manufacturing Line Now Operational
June 06 2007 - 3:37PM
PR Newswire (US)
FERNDALE, Wash., Jun. 6 /PRNewswire-FirstCall/ -- International
Absorbents Inc. (AMEX:IAX), a leading developer and producer of
environmentally-friendly pet care and industrial products, today
announced that production has now commenced on its new
manufacturing line at its Ferndale, Washington facility. This is
the final stage of the Company's three-phase capital expansion
plan. "Our new state-of-the-art production line is still in the
commissioning stages but all components are operating as designed
and throughput looks good," stated Gordon L. Ellis, Chairman of
International Absorbents Inc. "We are experiencing better
production results daily and are confident that the line will reach
full capacity potential within a relatively short time frame. With
both the east and west coast plants being new and in good running
order we are in great condition for continued market expansion and
sales grow." The intent of the Company's capital expansion plan is
first, to protect our core business by improving control over
product quality, reducing production costs and improving
efficiencies in shipping product to our customers; second, to give
us increased capacity providing room to grow into the future and
third, to give us the ability to manufacture, warehouse and
distribute a wider range of products; International Absorbents Inc.
develops, manufactures and markets patented and proprietary, cost
effective consumer and commercial products derived from recycled,
renewable materials. These environmentally safe products outperform
conventional products used in a broad range of consumer and
industrial applications, including retail/commercial pet bedding
and litter, oil and hazardous liquid spill cleanup and control,
oil/water filtration, and packaging. Further information is
available at http://www.internationalabsorbents.com/. Contact:
Charles (Chuck) Tait International Absorbents Inc. Toll Free:
866-514-6559 or 604-681-6181 A number of the matters and subject
areas discussed in this press release that are not historical or
current facts deal with potential future circumstances and
developments, including without limitation, statements referring to
the Company's future growth strategies, prospects for the future,
potential financial results, market and product line growth,
abilities to enter new markets, ability to introduce new products,
benefits from infrastructure improvements and the Company's
competitiveness and profitability as a result of new sales and
marketing programs, are forward-looking statements. The words
"believe," "expect," "intend," "estimate," "assume" and
"anticipate," variations of such words and similar expressions
identify forward-looking statements, but their absence does not
mean that a statement is not forward-looking. The discussion of
such matters and subject areas is qualified by the inherent risks
and uncertainties surrounding future expectations generally, and it
is important to note that the Company's actual results could differ
materially from those projected, due to various risk factors. Those
risks include, but are not limited to delays related to
commissioning a new manufacturing plant, contractor performance,
newly installed equipment performance, consumer acceptance of the
Company's products at a new location, competitor reactions and
their ability to market and price their products, general economic
conditions outside of the control of the Company, and the economic
availability of sources of raw materials to meet demand rates
necessary to sustain growth. Additional information concerning
factors that could cause actual results to differ materially from
those in the forward-looking statements is contained from time to
time in the Company's reports filed with the SEC, including, but
not limited to, the Company's annual report on Form 10-KSB for the
fiscal year ended January 31, 2005 and its quarterly filings on
Form 10-Q and 10-QSB. This press release speaks only as of its
date, and the Company disclaims any duty to update the information
herein. DATASOURCE: International Absorbents Inc. CONTACT: Charles
(Chuck) Tait of International Absorbents Inc., Toll Free,
1-866-514-6559, +1-604-681-6181, Web site:
http://www.internationalabsorbents.com/
Copyright
International Absorbents (AMEX:IAX)
Historical Stock Chart
From Jun 2024 to Jul 2024
International Absorbents (AMEX:IAX)
Historical Stock Chart
From Jul 2023 to Jul 2024