| Our company is in need of an investor. We are located in pennsylvania and have all permits required for scrap tire recycling. here is a summary of our business plan. I have the full plan if anyone would like to look over it. I can send it via email SUMMARY OF BUSINESS: Tire Visions, Inc. ("TVI") was incorporated in June, 2003 for the purpose of acquiring business opportunities in the tire shredding and recycling industry, and currently seeks to develop an operation which manufactures crumb rubber from the recycling of scrap tires. From the millions of newly scrapped tires that become available each year, two products consisting of crumb rubber and steel scrap will be produced and subsequently sold as feedstock to various manufacturers of a wide range of end products including both stand-alone products and products that require installation. According to Scrap Tire News Online in February, 2003 over 270 million scrapped and discarded tires are available to be processed annually in the United States. In our more immediate geographical region, the Pennsylvania Department of Environmental Protection has indicated more than thirteen million tires are scrapped and available for processing each year in the Commonwealth of Pennsylvania alone. With this type of volume, it can be inferred that the business life expectancy of this proposed business will be indefinite. The selected lease site north of Northern Cambria, Pennsylvania was previously used originally as the main complex of a mining operation by Greenwood Collieries, which was a subsidiary of Pennsylvania Mines Corporation, which itself is a subsidiary of PPL Utilities. The property to be leased to TVI includes buildings of more than 42,000 square feet located on slightly less than 11.50 acres, and while located in a secluded area, it is sufficiently close to major highway access. A description of the property and a map of the general area are shown in Exhibit "A". This proposed reuse of the property for development of a new crumb rubber recycling business represents a positive step for continued redevelopment of former industrial property within northern Cambria County The operations of the business will be performed internally, although selected operations or services may be purchased from third parties as necessary. A summary processing flow sheet of the main parts of the proposed operations is attached as Exhibit "B". Arrangements have been discussed with a number of companies for the marketing and sale of crumb rubber and steel scrap, and as part of these discussions, TVI has received four letters of interest from crumb rubber purchasers to take selected quantities of crumb rubber products at a specified (market) price. This volume of crumb rubber effectively represents more than 125% of the forecasted production levels. The business will consist of the importation of scrap tires for a tipping fee followed by the shredding, separation of metals and subsequent packaging for shipment of the crumb rubber. The steel scrap will similarly be collected and packaged for shipment to steel mill customers. These processes will require the use of rotary shear shredders and granulators for the recycled tires, screens and conveyors for the sizing of the product, and the use of magnets for the extraction of the scrap metal. The annual business projection is attached as Exhibit "C" and assumes a very short period of start-up operations, after which annual crumb rubber production is expected to level off at more than 17,000 tons of crumb rubber annually. At these forecasted levels of production and based on assumptions listed in the attached projections, TVI expects to realize the following annual production levels in the first full year of operation: Tires processed Truck 20,280 tons (405,600 tires) Automobile 3,380 tons (338,000 tires) Annual Revenues $ 4,445,545 Annual Expenses $ 2,255,764 Annual Net Income (AT) $ 1,201,747 This business plan outlines the need for the development of bank loans supported by USDA Business Development Programs to fund the start of operations and purchase of equipment, for working capital financing supported by accounts receivable and inventory as generated by the business, and the use of limited equity capital. Assistance from state and county business development agencies will be developed as needed and as available. Some of the used equipment, such as the shredders and other crumb rubber equipment will be obtained through capital equipment loans to be acquired by TVI through the Commonwealth of Pennsylvania, and in other instances, through private loans. Both state and county development agencies, particularly the Northern Cambria Community Development Corporation (NORCAM) and the Cambria County Industrial Development Authority, have been very supportive of the project with the anticipated creation of more than 35 full-time hourly and salaried jobs. The Pennsylvania Department of Environmental Protection will be requested to provide a General Permit for Processing/Beneficial Use for Residual Waste, specifically for the processing of waste tires. Additionally, TVI intends to employ a local consulting firm for the preparation of all permit applications and for any required follow-ups with Pennsylvania Department of Environmental Protection.
Jeremy Hobor
Susquehanna Recycling |