News for the record... Manufacturing Capacity Exceeds $150,000,000 Per Year
Wednesday January 17, 7:00 am ET
SEAFORD, Del., Jan. 17 /PRNewswire-FirstCall/ -- Nano Chemical Systems Holdings, Inc. (NanoChem or "The Company") (OTC Bulletin Board: NCSH - News) announced today that it has completed a full operational assessment in conjunction with Pangea Ultima, which is the principal privately held investment firm supporting NanoChem. As a result, it was concluded that the current NanoChem manufacturing assets allow the Company to produce and ship product with a revenue value that can exceed $150,000,000 per year.
In the categories that NanoChem competes, plant manufacturing usages average 84 percent of capacity. For calendar year 2006, NanoChem operated their plant at less than 5 percent of their existing capacity. Dr. Mathew Zuckerman, NanoChem's CEO and President stated, "Our near term goal is to augment the existing NanoChem organization with sufficient marketing and sales resources that will allow the Company to ship product with at an annualized sales rate value of $45,000,000 in 2007. That objective is meaningful in that it is a through put level of 35 percent, which in turn increases NanoChem's gross margins to over 55 percent."
The remaining plant capacity will be used for value added opportunity sales that exceed the $45,000,000 objective and to further develop the company's proprietary Nano-enhanced products that include but are not limited to; oils, waxes and photochemical products.
Dr. Zuckerman when on to say that he expects that in 2007, NanoChem will realize value well beyond that of a profitable consumer products company, as various licensing agreements and joint ventures are concluded to begin the roll out of new, intellectually protected products.
"Given the dynamic manufacturing, intellectual and patent protected assets that exist at NanoChem, we are rapidly becoming a new age consumer products company that combines traditional manufacturing techniques with in-demand, highly technical and revolutionary products," stated Dr. Zuckerman.
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