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Re: Bernard Ng post# 161

Wednesday, 09/13/2000 7:50:08 PM

Wednesday, September 13, 2000 7:50:08 PM

Post# of 307
***********MAJOR ALERT*****************************************

HERE IS MY POST FROM A WEEK AGO,TODAYS PR=BLOCKBUSTER,I'VE INCLUDED LATEST PR!!!!
How high do we go!ROLLIN,ROLLIN,ROLLIN!

http://www.investorshub.com/beta/read_msg.asp?message_id=5452


Wednesday September 13, 5:33 pm Eastern Time
Press Release
Rubber Technology Int'l Inc. Reaches Joint Venture Agreement for Project
Appraised at $10 Million
Cement Grade Sand Venture to Diversify RTI Into Las Vegas' Construction
Supply Business
LOS ANGELES--(BUSINESS WIRE)--Sept. 13, 2000-- Rubber Technology
International Inc. (OTC BB:RTEK - news) today announced that an agreement
has been finalized for the acquisition, through a joint venture, of the
mineral interests of Grant Claims, LLC for the mining of sand at the Jean
Sand Pit, located 16 miles southeast of Las Vegas.
Rubber Technology International had previously purchased an interest in
MRT Transportation of Nevada Inc., a processing and hauling company, and
managed all of the operations of that company through a venture
relationship. RTI, under its management agreement authority, made a
decision to liquidate MRT Transportation of Nevada. All tangible assets
were liquidated in early 1999.
A joint venture agreement has now been reached, and RTI is in a position
to move forward with plans for the operation of sand extraction from the
Jean Pit once the agreement has been formally closed. These interests have
been appraised to exceed $10 million by an independent appraisal. With
this acquisition, Rubber Technology Int'l will immediately have a 55
percent joint venture interest in the Jean Pit, at a substantial discount
to appraised value. The company also has an option to later acquire the
remaining 45 percent from the joint venture partners.
The Grant Claims consist of a 1,920-acre site estimated to contain more
than 200 million tons of Nevada Department of Transportation-certified
natural material sand. These claims are in close proximity to Las
Vegas-based construction companies, which allows RTI to capitalize on the
construction activity in one of the fastest-growing cities in the United
States.
About Rubber Technology International
Rubber Technology International, located in the industrial section of Los
Angeles, is a leader in the tire-recycling industry. The company is paid
to receive scrap tires and offers an environmentally friendly method of
turning recalled and used tires into useful products by manufacturing
crumb rubber, which is in ever-increasing demand for molded goods such as
traffic delineator bases, topping for horse arenas, safety material for
playgrounds and as an ingredient in rubberized asphalt.
This release may contain forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995 that involve risks
and uncertainties including, without limitation, continued acceptance of
the company's products, legislative and marketplace changes, and
governmental regulations affecting the company's operations.
For further information, see the company's Web site, located at
www.RubberTechnology.com.

Contact:
Rubber Technology International Inc., Los Angeles
Barbara Young, 323/268-6842
BYoung@RubberTechnology.com
www.RubberTechnology.com
or
PMR & Associates, LLC
Patrick Rost, 760/942-0015
PMRandCO@aol.com






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