PLANO, Texas, June 24 /PRNewswire-FirstCall/ -- PEI Worldwide Holdings (Pink Sheets: PEIW) announced today that representatives from the company have met with a potential THURA-Block plant customer in the Lincoln, Nebraska area. During this meeting, PEI met with local businessmen, politicians, and residents interested in potentially bringing a THURA-Block plant to Nebraska. PEI is currently working with these representatives to discuss possible local funding as well as use of some local facilities to help bring the plant online. If successful, this plant will generate local jobs and provide a delivery area with a radius of approximately 300 miles for THURA-Block products.
In addition PEI Worldwide Holdings plans to have a company-owned plant located and producing THURA-Block for Dallas, Austin, San Antonio and El Paso, by the end of 2010. This facility will be owned by PEI Worldwide Holdings and serve as the supplier of THURA-Block to these four million plus cities as well as an R&D Headquarters for new products, and there are new products to be added to our construction line. The company is planning this facility due to the rapid growth in the Dallas area as well as access to skilled labor.
The Company would like to grow Dallas as model for a "One stop shop" for builders and contractors for product building needs. I say model as I would like to see all Licensees in different parts of the world adopt the same goals.
Gifford Ludwigsen, CEO of PEI Worldwide Holdings states, "Over the past few weeks, we have met with a number of parties interested in doing business with or have supporting products for our company. We believe that the 2nd half of 2010 will give us a number of opportunities to explore to help us begin our manufacturing process and bring our products to market."
About PEI Worldwide Holdings, Inc.
PEI Worldwide Holdings Inc., an innovative construction product development company, brings a proprietary, high profit margin, light weight, insulating building block technology to the only growing segment in the construction industry, the $36 billion "green" building marketplace. These extremely high R value insulating building products are so cost competitive that they will be one of the only LEED certified "green" products that can effectively compete with traditional building methods such as wood frame and concrete.
Forward-Looking Statements Disclosure
This press release may contain "forward-looking statements" within the meaning of the federal securities laws. In this context, forward-looking statements may address the Company's expected future business and financial performance, and often contain words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "seeks," "will," and other terms with similar meaning. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can provide no assurances that these assumptions will prove to be correct. All forward-looking statements in this press release are expressly qualified by such cautionary statements, risks, and uncertainties, and by reference to the underlying assumptions.
SOURCE PEI Worldwide Holdings