LEEP Poised to Capitalize on New Market Opportunities
31 May 2006 - 11:33PM
PR Newswire (US)
MONTOURSVILLE, Pa., May 31 /PRNewswire-FirstCall/ -- LEEP, Inc.
(OTC:LPPI), announced today that manufactured LeepCore panel
inventories in its Pennsylvania and Florida warehouses have reached
the 350,000 square feet level. LEEP has maintained a constant
weekly production schedule at its Montoursville, Pennsylvania
plant. The stockpile of LeepCore panels has been instrumental in
supporting new market strategies for the Company to develop
selected high-volume customers that require larger quantities of
LeepCore panels. LEEP management stated that during the last part
of 2005, the aftermath of hurricane Katrina created large new
markets for the application of LeepCore. The Gulf Coast hurricanes
of 2005 came on the heels of sharp price increases in lumber, steel
& concrete and hurricane damage pushed those prices even
higher. Upward spiraling building material and labor prices
combined with sharp increases in the need for building affordable,
hurricane- and flood- resistant housing on the Gulf Coast has
opened the door for LeepCore construction. LEEP was fortunate to
have just completed a five-building LeepCore-based classroom campus
in Florida (announced August 30, 2005). The Florida classroom
campus became the technology validation showcase to support entry
into large niche markets. Toward the end of last year, LEEP chose
to reduce marketing efforts in the Florida classroom market in
favor of building inventories to support specific larger niche
market opportunities. LEEP is developing one customer relationship
that is preparing to build LeepCore-based Affordable Housing in
Mississippi and another customer that is preparing to go into
production of a Re-locatable Building for specific government
agencies. Intermediate-term projections call for 450 LeepCore-
based Affordable Housing units in Mississippi and, prospectively,
LeepCore material to support more than 100 Re-locatable buildings
for sale to government agencies. LEEP plans to solidify large,
ongoing orders from both new customers. THE COMPANY LEEP is a
publicly held manufacturer of LeepCore(TM) Structural Panels. The
product offers advanced benefits, including: cost-effective design
and reduced timeframes to construct floors, roofs and frameless,
load-bearing, freestanding walls. LeepCore(TM) is a lightweight
structural building material that is fire, mold, water, dry rot,
corrosion, and termite resistant. The product supports high-wind
and earthquake-resistant building designs and standards.
Additionally, thermal insulation properties exceed building
industry standards and provide 100% to 300% higher energy
efficiency than is possible with traditional frame construction.
Target markets for LeepCore include: factory built, modular and
panelized residential, commercial and public buildings. The level
to which the Company can penetrate these markets depends on
implementing the Company's first high-volume manufacturing plant.
DISCLAIMER The Company is late in its SEC filings. Management is in
the process of bringing the Company's SEC reporting status current.
FORWARD-LOOKING STATEMENTS: This Press Release contains certain
forward- looking statements within the meaning of the Securities
Act of 1933 as amended. Actual results may differ materially.
Factors that might cause such differences include unforeseen events
like not closing the company's planned financings and other factors
discussed in the company's filings with the Securities and Exchange
Commission. CONTACTS: The Keating Group, Dick Keating: 206-780-9458
John Williams, Aberdeen Capital: 888-701-5511 Grant Record, LEEP
CEO: This release was issued through eReleases(TM). For more
information, visit http://www.ereleases.com/. DATASOURCE: LEEP,
Inc. CONTACT: Dick Keating, The Keating Group, +1-206-780-9458, or
John Williams, Aberdeen Capital, +1-888-701-5511, or Grant Record,
LEEP CEO,
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