Platinum Research Organization Announces
Commercial Plan for 2007
Company Plan Outlines Strategic Goals
DALLAS (Business Wire EON) April 27, 2007 --
Platinum Research Organization, Inc. (OTCBB:PLRO), a
technology-based company focused on research and commercialization of
patented, high-performance lubricants and coatings for automotive,
aviation, industrial and consumer after markets, announced its
commercial plan for 2007.
“This is an exciting period for the company.
As the closing of our acquisition of the business of Platinum Research
Organization L.P. has been completed, the newly appointed management
team has developed a strategic plan that we are implementing immediately,”
said Cork Jaeger, president and chief executive officer of Platinum
Research Organization, Inc. (“PRO”).
“One of the most important goals for our
company moving forward is to take advantage of the many opportunities we
see in the lubrication marketplace. In addition to being responsible for
regulatory compliance, acquisitions, commercialization and investor
communications, Mike Newman, PRO’s newly
appointed CFO, brings experienced capital-raising capability to the
company. His experience will be valuable in order to secure the
additional capital we need to leverage various market opportunities to
our advantage,” said Jaeger.
Broadly defined, the PRO management team is working toward achieving the
following goals during 2007:
-
Expanding the grease marketing effort by working directly with global
grease manufacturers in addition to developing a strategic marketing
alliance with at least one global additive firm.
-
Seeking the requisite registration for our F-ZDDP product in domestic
and global markets and evaluating related filings throughout North and
South America, Europe and Asia.
-
Optimizing an engine oil with an industry partner for engine testing
later in 2007.
-
Building a revenue stream through an acquisition from the lubricant
market and/or lubricant aftermarket.
-
Expanding the PRO manufacturing capabilities by building a pilot plant
in Tulsa, Oklahoma in order to fulfill near-term needs, and begin the
process of establishing a full-scale production facility in India.
-
Procuring the requisite testing equipment to accelerate the product
development cycle and to validate performance of our products.
-
Identifying specific coatings applications for development and proof
of concept testing.
-
Expanding the company’s intellectual
property and patent portfolio.
-
Continuing to pursue research on next generation technologies.
“Our goal is to make PRO the leader in the
design of patented, high-performance lubricants and coatings that target
the automotive, aviation, industrial and consumer aftermarket,”
Jaeger said. “I am optimistic that our
management team leadership, combined with a sound business strategy,
will position the company to foster and sustain a competitive advantage
in the lubricant and coatings markets in the years to come.”
About Platinum Research Organization,
Inc.
Platinum Research Organization, Inc. (www.platinumresearch.com),
formed in 1996, is a leader in the design of patented, high-performance
lubricants and coatings that target the automotive, aviation, industrial
and consumer aftermarket. The company’s
proprietary formulations and processes are protected by four U.S.
patents, five U.S. patent applications, three continuation-in-art
applications and several trade secrets. The company is based in Dallas.
Safe Harbor for Forward-Looking
Statements
Certain statements made in this document are forward-looking. Such
statements are indicated by words such as "expect," "should,"
"anticipate," "may" and similar words indicating uncertainty in facts
and figures. Although the Company believes that the expectations
reflected in such forward-looking statements are reasonable, it can give
no assurance that such expectations reflected in such forward-looking
statements will prove to be correct. Actual results could differ
materially from those projected in the forward-looking statements as a
result of a variety of risk factors including additional capital
requirements, competition, technological progress and other risk factors
as described in our SEC filings.
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