PLAINFIELD, Ill., March 18, 2004 (PRIMEZONE) -- RPM's CEO, Randy Zych, announced hiring Darrell Haywood as Executive Vice President of the Company. Mr. Haywood joins RPM (OTCBB:RPMM) after a long and distinguished career in the material-handling industry. Mr. Haywood's initial focus will be on expanding the Company's distributor sales organizations, a task that he is eminently qualified to fulfill. "Darrell is an important addition to RPM's management team. He will enhance our marketing activities and fill an important post in our structure for continuing growth," Mr. Zych stated.
Sales of RPM plastic pallets have continued to escalate due to increasing market demand and the transitions many companies are making as they change from wood to plastic pallets. Most exporters have already made the switch due to stringent regulations ordered by ninety foreign countries, banning the importation of soft wood packaging materials that have not been treated or fumigated. Since the cost for treating wood pallets is sometimes equal to the initial cost of the pallet, plastic pallets offer an economical and trouble-free way to ship goods overseas.
RPM's economical 40" X 48" plastic export pallet is injection-molded out of recycled high-density poly resins and has none of the disadvantages associated with wood pallets. It's lightweight, strong and virtually impervious to contamination. RPM's unique processing and production methods guarantee a multi-functional plastic pallet that will outperform and outlast any wood pallet.
The Company estimates sales will continue to accelerate to the $10 million level this year and higher in 2005. RPM trades on the OTCBB. Their trading symbol is RPMM. Visit the Company's website at "www.rpmplasticpallets.com".