eagle, fluff or hidden gem?-> ZANN Corp. Announces New Sales Orders
Friday August 19, 12:57 pm ET
FENTON, Mich.--(BUSINESS WIRE)--Aug. 19, 2005--ZANN Corp. (OTCBB:ZNNC - News) announced today that since it began accepting orders under AutoFast® for the purchase of semi-automatic riveting tools and magazines the cumulative orders have already grown to $469,681.
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According to Robert C. Simpson - CEO, "Our first orders are very stimulating. We have several large companies who have expressed serious interest in our products and therefore we are increasing magazine production capacity well ahead of requirements. We are negotiating with major manufacturing companies in automobiles, aircraft, trucks, electrical products, building materials and sheet metal fabrication. If any five of these companies buy the number of tools they are talking about we will have orders in place for more than 5,000 tools when signed. 5000 tools should generate magazine sales of 25/day at $4.00/magazine or more than $100,000,000/yr in revenues."
Simpson went on to say, "This semi-automatic riveting system can run at more than one rivet/second with a skilled operator. The AutoFast® system represents superior quality, enormous productivity improvements and labor savings of greater than 50%."
ABOUT ZANN CORP
ZANN Corp. Our primary business is the manufacture and sale of high quality, high value semi-automatic riveting tools and magazines. For additional information please visit the corporate website at: www.zanncorp.com
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934 and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
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Contact:
ZANN Corp., Fenton
Investor Relations, 810-714-2098
ir@zanncorp.com
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Source: ZANN Corp.
fyi.. NO position
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AI
