Highline Technical Innovations, Inc. Announces Corporate Update to Its Shareholders
December 08 2010 - 9:45AM
Marketwired
Highline Technical Innovations, Inc., (PINKSHEETS: HLNT), announces
a corporate update on the status of current projects. "Our joint
venture with Dong Feng Motors on the Hoss utility vehicle continues
to exceed our expectations," stated Charlton Coats, CEO of Highline
Technical Innovations, Inc. "The last design details are being
finalized and the first prototype is already in production. The
final design concept drawing that both parties have agreed upon can
now be viewed on the company's website," continued Mr. Coats.
http://www.highlineinnovations.com/hoss/2011-Hoss-UTV.jpg
HTI management also commented that the joint venture with Dong
Feng Motors for the hydrogen on-demand unit continues to be an
important priority. Mr. Coats stated, "We continue to make progress
and our representative has been in China on multiple occasions, for
both the on-demand unit and our Hoss utility vehicle. Business
relationships for new products like these take time to develop.
However, we are thrilled with the progress we have made so far and
continue to make with them."
HTI is also currently working on a complete overhaul of its
website. The newly designed site will feature an e-commerce
presence which will further allow HTI to generate online revenues.
Customers will be able to build their own Hoss UTV and customize it
with a variety of accessories and options. The site will provide
interactive tools that will further enhance the success of the
company and its rapidly expanding dealer network.
Marketing efforts continue to be directed toward the agriculture
and transportation industries. The company is continually
increasing its marketing presence, and advertisements can be found
in the High Plains Journal, Tractor House, Truck Paper and
Trucker's Choice, just to name a few. In recent agricultural
marketing publications, the company has offered to demonstrate its
products at no charge and on farm-operators own equipment. That
change in marketing approach alone has resulted in a heavy increase
of leads and opportunities that the company is capitalizing on. In
just the past few weeks, the company has completed field
demonstrations on various farms and feedlots in thirteen different
states. Those demonstrations have not only produced new sales and
clients, but also qualified new dealers. The company's dealer
network has now expanded to 19 states, according to information
provided by Mr. Coats.
HTI also wished to formally apologize to its shareholders for
the delay in receiving their quarterly shareholder letter. That
supplemental update was designed to keep the company's shareholders
informed of current event details that are not appropriate to be
placed in press releases. HTI outsourced the printing and mailing
of those letters to a very reputable New York based firm that
specializes in shareholder communications. An error within the
outsourced vendor was responsible for the delay in our shareholders
receiving the most recent mailing. CEO Coats was quoted in saying,
"The delay of the mailing was frustrating to say the least and it
should not have happened. Our shareholders are very important to us
and this letter is an essential tool in communicating with them. We
will take the appropriate steps to see that it does not happen
again even if it means I have to personally mail each and every one
of them myself. I am truly sorry that this incident occurred." The
company asks that any shareholders, who have yet to receive their
letter, please contact our office via email at:
info@highlineinnovations.com and one will be forwarded to them
immediately.
About Highline Technical Innovations, Inc: HTI is comprised of
three subsidiaries, Highline Hydrogen Hybrids, Bo-tie Manufacturing
and Hoss Motorsports. Highline Hydrogen Hybrids (HHHI) manufactures
performance fuel systems that focus on reducing harmful emission
levels to meet and exceed EPA quotas. Its effect on horsepower and
fuel economy makes it good to be green. Bo-tie Manufacturing
produces high grade aluminum truck beds that supersede conventional
steel models. At half the weight, Bo-tie beds provide greater fuel
economy or larger payloads. Hoss Motor Sports is focused on the
production of OFF-ROAD vehicles that are built to withstand the
punishment of every day commercial use and are customized to meet
the needs of special interest groups.
Contact: Charlton Coats 1-479-267-6000
c.coats@highlineinnovations.com
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