Ultimate Sports, Inc. Provides an Outline on Uses for Products of the Tire Converter
09 November 2010 - 3:00PM
Ultimate Sports, Inc. (Pink Sheets:USPS), a manufacturer and
supplier to the recreational vehicle industry, announced today that
the firm, in conjunction with EnSol, has issued a statement
providing a pro-forma outline on the monetary benefits of solvent,
which represents forty-six percent (46%) of the Tire Converter's
output. Other products of the converter will serve to greatly
improve the profit margins of the tire converter.
EnSol's converter will generate solvent, carbon black and enough
natural gas to operate in remote sites without additional power.
The proposed unit is capable of processing approximately 6.25 lbs.
of total product per minute.
At 6.25 lbs. per minute, 3,000 lbs. per 8-hour work day can be
generated and transformed into approximately 7 gallons of solvent
which sells for approximately $40/gallon, generating $7885.60 in
revenue per day, which can lead to $157,712 per month.
Additionally, solvent can be used to dissolve paraffin and to
reduce the viscosity of heavy oils.
The market for carbon black includes the manufacturing of
batteries and other products. Carbon black sells for approximately
$0.46 per pound and is not included in the pro-forma above for the
solvent.
Robert Matthews of EnSol states, "We find that there's clearly a
great profitability when it comes to the end products of the
Converter. Solvent, carbon black and natural gas are three items
with high demand in the marketplace."
For more information about the company, please visit
www.usi-skis.com.
About Ultimate Sports, Inc.:
Ultimate Sports specializes in every item, large and small, that
snowmobilers need in order to enjoy the sport and improve their
performance—especially snowmobile skis of all types. We have an
extensive inventory of carbide studs, mount kits, wear bars,
suspension parts, snow flaps, alignment bars, and so much more.
Visit www.usi-skis.com for more information.
Forward Looking Statements: This press release
contains certain forward-looking statements. Investors are
cautioned that certain statements in this release are "forward
looking statements" and involve both known and unknown risks,
uncertainties and other factors. Such uncertainties include, among
others, certain risks associated with the operation of the company
described above. The Company's actual results could differ
materially from expected results.
CONTACT: Ultimate Sports
Investor Relations
410-242-0763
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