The Renewable Corporation (OTC:RNWB) (www.TheRenewableCorp.com)
today released a letter to shareholders from its Chief Executive
Officer Gary R. Smith. A copy of the text is included below.
Dear Shareholder:
On March 1, 2012, Gary R. Smith was invited to become President,
CEO and Board Member of The Renewable Corporation (TRC, trading
symbol RNWB), and it is with great pleasure that the Company
reports on the many exciting changes that have occurred these last
several months. TRC has had recent acquisitions, product
developments, and management changes that have radically reshaped
The Renewable Corporation business plan.
The first of these major changes came in December of 2011, when
The Board of Directors appointed Gerald C. Parker as the Company's
new CEO, President, and Chairman of the Board, and Gary D.
Alexander as CFO, Corporate Secretary and Treasurer and Director.
In addition, the Company moved its corporate headquarters to 1313
South Killian Drive, Lake Park, Florida 33403.
Then, early in the first quarter of 2012, The Renewable
Corporation executed an Asset Purchase Agreement with SMT
Manufacturing of Palm Coast, FL and its patent owners. The
Agreement was executed using common shares of The Renewable
Corporation to acquire the assets. Anthony A. Gedeon, President of
SMT, and Samuel J. Ferguson, Director of Research &
Development, were retained as executive employees of EcoSmart
Surface and Coating Technologies, the newly formed, wholly owned
subsidiary that adds a distinct flair to the business plan.
As the company began to expand, Gerald Parker invited Smith and
Manpreet Sing, TRC's current CFO, to be part of the team. Mr.
Parker would remain Chairman of the Board and Smith became the new
CEO and President. Mr. Singh became the CFO and Mr. Alexander
remained the Corporate Secretary and Treasurer and Director.
Early in the second quarter, The Renewable Corporation added the
following professionals to the team: Drake & Klein, SEC
auditors; Team Pericchi Advertising, for branding and marketing;
McHale Slavin, patent attorneys; and Koplas & Company, CPA, PA
tax accountant. With this group of highly committed professionals,
The Renewable Corporation management has assembled an exceptional
leadership team to meet — and exceed — all the goals the Company
has set forth.
Under the new management and business plan, the Company develops
and supplies products, services, and technologies that use
efficient, renewable resources to meet the growing demand for
clean, green, and cost-effective methods that have a less hazardous
impact on the environment. It is TRC's ongoing mission to offer the
highest quality of products and services in the industry while
maintaining profitability and customer retention levels of 90
percent or more.
The Renewable Corporation family of companies integrates
sustainable manufacturing and distribution with cutting-edge
research and proprietary technology to provide the most advanced
line of products and services available. In addition to EcoSmart
Surface and Coating Technologies, our wholly owned subsidiaries are
Renewable BioScience Technologies, E3 "Cubed" Corporation, and
Renewable Technology Holdings, Inc.
As it continues to expand, the Company invites shareholders to a
special meeting on September 29, 2012, at 2 p.m., to learn about
what TRC accomplished and what its future plans are. The leadership
team has ambitious goals to expand the Company to the next level,
and shareholders are an integral part of that growth. It is only
with the ongoing support of TRC's valued shareholders that the
Company can continue to explore exciting new technologies and
applications.
If you plan to attend, please email IR@TheRenewCorp.com for a
call-in conference code no later than September 25. The call will
begin promptly at 2 p.m., so please phone in slightly early; the
call will also be recorded, so if you cannot make it we will be
happy to send you a copy of the recording.
At the end of the meeting, there will be a Question-and-Answer
session. Please send any questions to IR@TheRenewCorp.com before or
during the meeting and staff will be happy to answer them. If your
questions are not addressed during the meeting, you will get a
response an individual basis the following week.
The Renewable Corporation encourages you, as our current
shareholder, to take this opportunity to invest in the Company's
refocused, re-energized business plan. With a modest capital
infusion, TRC can reach its expansion goals and charge ahead with
new innovations.
Please see the new company website, www.TheRenewableCorp.com,
for additional information on TRC's new, wholly owned subsidiaries.
You will also find an informative video about EcoSmart Surface and
Coating Technologies.
Everyone at The Renewable Corporation is looking forward to your
presence at the upcoming meeting and thanks you for your
continued support.
Sincerely,
The Renewable Corporation 1313 South Killian Drive Lake Park, FL
33403
About The Renewable Corporation
The Renewable Corporation (TRC, trading symbol RNWB) was
established in 2004, adopted its present name in 2008, and is based
in Lake Park, Florida. It develops and supplies products, services,
and technologies that use efficient, renewable resources. TRC knows
there is significant interest in clean, green, and lean methods
that offer superlative quality at a cost that is a reasonable
alternative to traditional choices, and will have a less hazardous
impact on the environment and human health.
The Renewable Corporation family of companies integrates
sustainable manufacturing and distribution with cutting edge
research and proprietary technology to provide the most advanced
line of products and services available. TRC actively seeks out
partner companies and individuals that are engaged in similar,
forward leaning efforts. The company encourages creative synthesis
and the inspired application of ideas in unexpected places.
Discovering new solutions to existing and anticipated problems is
the corporation's primary goal. The Renewable Corporation portfolio
already contains multiple patents and patented products.
Continued support for national manufacturing and small business
is also at the heart of The Renewable Corporation charter. TRC
believes that innovative individuals and businesses will invigorate
our economy and drive sustained growth into the future as the
knowledge continues to evolve. We believe that our products,
processes, and services will create many jobs, both at the
individual and corporate level.
The Renewable Corporation management has assembled an
exceptional leadership team to establish the company's position at
the forefront of environmentally friendly business, and to guide
its efforts. Their expertise includes new business development and
financing, international sales and marketing, industrial
renovation, molecular biochemistry, and bio-technology.
About EcoSmart Surface and Coating
Technologies
EcoSmart Surface and Coating Technologies, a wholly owned
subsidiary of The Renewable Corporation Inc., has developed an
exciting new alternative in decorative floor surface coverings.
Innovative and unique process (patents pending) achieve a highly
desirable appearance that's extremely durable, also provides
superior quality and performance, and offer a more environmentally
friendly choice than conventional flooring options. Application
also requires less energy consumption than conventional processes.
Interior and exterior flooring, countertops and many other
horizontal surfaces can all be enhanced using these new
methods.
The company also manufactures and distributes a substantial
portfolio of nano-technology coatings and related environmentally
responsible products. Their established and expected uses cover a
broad range of markets, including the marine and automotive
industries, construction, and the medical field, and encompass
industrial plants and individual consumers. Several of the products
used are unique. They provide additional performance benefits
traditional options cannot offer such as resistance to sunlight
degradation, self cleaning, oxidation prevention and rapid return
to use. Innovative, customized formulae and site specific
solutions, as well as ease of application and considerable long
term savings are also highly valued features.
About Renewable BioScience Technologies
Renewable BioScience Technologies, a wholly owned subsidiary of
The Renewable Corporation Inc., has created multiple breakthroughs
with remarkable properties. This exciting discovery provides a new
level of defense against the deterioration and damage caused by
ultraviolet (UV) light. That protective feature has great
significance and value in many applications, and this patented
intellectual property is expected to be implemented across numerous
product lines.
Renewable BioScience Technologies has elected to introduce a
skincare line that combines two novel technologies. There is a $3
billion market for anti-aging treatments, and the characteristics
of this new product represent a stunning scientific advance that
will have broad appeal. A micro layer of marine collagen fiber
technology provides a framework for a patented nucleic acid that
absorbs harmful UV light and provides hydration.
Legal Notice:
This press release may contain forward-looking statements,
particularly as related to pro forma financial statements, earnings
estimates and business expectations, within the meaning of Section
27A of the Securities Act of 1933 and Sections 21E of the
Securities Exchange Act of 1934, and are subject to the safe harbor
created by these sections. Any statements that express or involve
discussions with respect to predictions, expectations, beliefs,
plans, projections, objectives, goals, assumptions or future events
or performance are not statements of historical fact and may be
"forward looking statements." Forward looking statements are based
on expectations, estimates and projections at the time the
statements are made that involve a number of risks and
uncertainties which could cause actual results or events to differ
materially from those presently anticipated. These forward-looking
statements are only made as of the date of the press release and
Technology River Investments and the companies discussed do not
undertake any obligation to publicly update such forward-looking
statements to reflect subsequent events or circumstances.
The Renewable Corporation logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=14658
Corporate Contact Information: The Renewable Corporation, 1313
South Killian Drive, Lake Park, FL 33403; Gary D. Alexander,
Corporate Secretary – Investor Relations; website
www.TheRenewCorp.com; email: G.Alexander@TheRenewCorp.com; phone:
(772) 380-4320 x1
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