We intend to make enough profit to generate a significant return for our investors and to finance continued growth and continued development in quality products.
We will also maintain a friendly, fair, and creative work environment, which respects diversity, new ideas and hard work.
After a thorough investigation, Replay has found that Company A is able to source or supply the required equipment at considerably lower cost than any other company from which a quote was available. Mc Guire has disclosed that Company A has included a smaller than normal margin in their quote on goods they will manufacture, to cover overhead, contingency and profit which might result in a small benefit to him.
They have agreed to source all of the equipment possible with no added margin.
The strapping will be sold to companies who ship large packages or pallets, such as the lumber milling industry.
The Company currently has commitments available from customers to purchase all of the product produced.Sam Mc Guire, Executive VP and COO, is a graduate Engineer with over 20 years experience in the post-consumer plastics recycling industry and is the inventor of the primary cleaning & refining technology used in the process for this project.He has received a patent for his technology and has been directly involved in over twenty-five major post consumer plastics recycling projects. Smith, CFO, has over 30 years investment and merchant banking and management experience.He has assisted in raising over 0 million and served as board member and/or officer in over 40 public and private companies.Replay Plastics is a manufacturing company dedicated to converting waste plastic materials into commercially viable products, utilizing environmentally friendly recycling and manufacturing methods.Replay has concluded that the savings available outweigh any other consideration and that we will purchase the cleaning and refining equipment from Company A.Our start-up expenses are budgeted at 0,000, which is mostly for on-site contractor services during facility preparation.The Company currently has commitments from customers to purchase all of the initial production capacity. Replay Plastics is owned by the initial founders, B. The plan was conceived and developed by these individuals, with the intent to apply their extensive experience and contacts in the industry to building a successful profitable corporation. Sam Mc Guire, the inventor and patent holder of the recycling process to be used by the Company, is a principal in Company A of Chicago, IL.For many years, Company has designed, manufactured and assembled plastic recycling equipment, and has given us quotes on meeting our needs in this area.The extruded sheet will be primarily sold to thermoformers who will convert it into high visibility packaging, as well as laminators and fabricators.The strapping will be sold to commercial users for use as package or pallet strapping. Smith, who are the proposed three executives of the operating entity.