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Item K1 Board of County Commissioners Agenda Item Summary Meeting Date: May 17, 2001 Bulk Item: Yes [J No [J Division: Board of County Commissioners Department: George R. Neugent AGENDA ITEM WORDING: Request and support for URECOAT Industries Inc. to demonstrate and test a product to enhance longevity and structural integrity for the old 7-mile bridge. Testing would be 100' of the structure including the ground and piling part which is maintained by FDOT. URECOAT has obtained permission from FDOT which no permits are needed. DEP has also given permission. I " ITEM BACKGROUND: Sponsored by South Florida Resources Conservation and Development PREVIOUS RELEVANT BOCC ACTION: CONTRACT I AGREEMENT CHANGES: STAFF RECOMMENDATIONS: TOTAL COST: BUDGETED: YES [J NO [J COST TO COUNTY: $ REVENUE PRODUCING: YES [J NO [J AMT PER MONTH: YEAR: APPROVED BY: COUNll' ATTY [J OMB/PURCHASING [J RISK MANAGEMENT [J APPROVAL: "lI'l{ -?rt- ~ MAYOR GEORG~ R. N1UGENT DISTRICT II DOCUMENTATION: INCLUDED V TO FOLLOW NOT REQUIRED [J DISPosmON: AGENDA ITEM # I. ILl 4100 North Powerline Road, Suite F-1 Pompano Beach, Florida 33073 www.urecoats.com URECOATS INDUSTRIES INCORPORATED 800.382.4931 954.977.5428 fax 954.977.9589 URECOATS INDUSTRIES ENVISION, "Maintenance free steel, leak-proof roofing, maintenance free concrete, and enhanced structural integrity with the ability to flex". The URECOA TS lOOTM RUBBER SEALANT MEMBRANE(RSM)TM has the ability to offer a complete seamless vapor barrier, eliminating the possibility of air or water intrusion, thus preventing corrosion and deterioration. The URECOATS lOOTM adhesion forces enable the RUBBER SEALANT MEMBRANE (RSM)TM to attach itself to substrates or surfaces offering characteristics unlike anything in the marketplace today. "ACHIEVED THROUGH KNOWLEDGE · DELIVERED BY TECHNOLOGY" Company Press Release Urecoats Industries Receives Miami-Dade County Approval POMPANO BEACH, Fla.--(BUSINESS WIRE)--Feb. 8, 200I--Urecoats Industries Inc. (OTCBB:UREC _ news), a developer, marketer and distributor of sealant and coating products partially made from recycled material, announced today that it received Metro-Dade County Product Control Approval in the Roofing Category and Waterproofing Sub- Category for its URECOATS looTM Waterproofing Membrane. "This approval represents a major milestone for Urecoats, having met the strict testing requirements of Miami-Dade County,''' stated Larry T. Clemons. "Urecoats' flagship RUBBER SEALANT MEMBRANE (RSM)TM, URECOATS 100TM product, has undergone extensive in-house tests, as well as tests by independent testing agencies. Miami-Dade has the most stringent requirements for building and construction due to damage caused by hurricanes." Due to the devastation to Miami-Dade County from Hurricane Andrew in 1992, the county's new roofing codes and protocols are generally considered to be the toughest in the United States. "'The URECOATS IOOTM product, based upon extensive testing on its adhesion strength, appears to be a superior product in comparison to other roofing products in the industry," said Bob Tedder, President of Independent Roof Testing and Consulting of South Florida, Inc. "The URECOA TS 100TM product has great potential for use in several scenarios." "Typically, for a new roofing product, the process takes at least two years, sometimes as long as three years," said Shirad Ali, General Manager of Independent Roof Testing. "This is a lengthy process because of the fact that Miami-Dade County has very rigorous testing protocol for roofing products. Urecoats went through the process smoothly because the product met all the requirements of the Miami-Dade test protocol." "Urecoats has begun generating revenue with the establishment of our roofing operations in South Florida. We are applying our URECOA TS 100TM product along with conventional roofing. Our goal is to implement strategies that enhance shareholder value and our focus is on our sealant, coating and roofing operations. We have leased an additional 10,000 square feet for this purpose," said Richard 1. Kurtz, Chairman of the Board and CEO ofUrecoats Industries. "We are using our roofing operation to gain initial market acceptance of our URECOA TS looTM product and for all new products under development. Dr. Gary M. Zeller, an active Board member and Consultant to the Company, has been working diligently on expanding our manufacturing operations to handle our increasing production needs for the URECOA TS IOOTM product and spray application system." For more information on the Company, visit the web site at www.urecoats.com. Cenain statements in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Refonn Act of 1995, as amended. There are a number of imponant factors that could cause the Company's actual results to differ materially from those indicated by such forward-looking statements. Additional infonnation concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained under the heading of risk factors listed from time to time in the Company's filings with the Securities and Exchange Commission. We do not assume any obligation to update forward-looking infonnation. Approval of a product by the Miami-Dade County. Product Control Section of the Office of Code Compliance, does not represent an endorsement of a product by Miami-Dade County. Any statement to that effect is ground for removal of an acceptance. The Company does not intend the infonnation provided in this press release to be an endorsement by Miami-Dade County of the URECOATS IOOTM product. Colltact: Malkus Communications Group, Fort Lauderdale, Fla., Chuck Malkus, 954/566-4937 The Wall Street Group, New York, Ron Stabiner, 212/888-4848 Urecoats Industries Inc., Pompano Beach, Larry T. Clemons, 954/977-5432 ACHIEVEaTHROUGH-KNOWlEOGE.' DEUVERED B'fTECHNOLOGY" ; .FOUNOElaOF.'TH~BB9SEAlANTMEM8RANEi"'RSfoU' . .'. . .' . '. . r, Company Press Release Urecoats Names Timothy M. Kardok President, COO of Roofing Subsidiary and to the Board of Directors of the Company POMPANO BEACH, Fla.--(BUSINESS WIRE)--March I, 200I--Urecoats Industries, Inc. (OTC BB: UREC _ news), a developer, marketer and distributor of sealant and coating products partially made from recycled material, announced today the appointment of Timothy M. Kardok as President and Chief Operating Officer of the Company's recently formed Urecoats Roofing Corporation subsidiary. Mr. Kardok will also serve as an active member of the Board of Directors ofUrecoats Industries, Inc. Mr. Kardok will be responsible for all day-to-day operations, market expansion in the $28 billion roofing market, product development, acquisitions and research and development activities for the roofing unit, which was established by the Company late last year. Mr. Kardok, who most recently served as Senior Vice President of Centimark, the nation's leading roofing contractor with annual revenues of $240 million, has a distinguished and diverse 2 I-year career in the roofing, building products and construction industries. He previously managed business units for Redland PLC and the Abitibi-Price Corporation, both multibillion dollar global building products and roofing manufacturing companies. While at Centimark, he authored the company's Strategic Business Plan, spearheaded its acquisition efforts, developed standard operating procedures, led the company through its conversion and integration to SAP, established the formal Human Resources and training functions and successfully directed numerous marketing and sales special projects. Mr. Kardok holds a BBA degree in Marketing from Notre Dame and an MBA in Finance and Marketing from the University of Bridgeport. Mr. Kardok will be instrumental in expanding the Urecoats roofing market globally and delivering an aggressive strategy to include business processes, planning, procedures, systems and controls to achieve the anticipated revenue levels and market leadership position. "I am thrilled and honored to be named the President and COO ofUrecoats Roofing Corporation. This exciting product is in the infancy stage, and along with the prior collective efforts by the Urecoats team, and the commitment to provide the highest quality products, together we will continue to penetrate the expansive market opportunities for our products, and consequently establish competitive advantage and increase shareholder value," commented Mr. Kardok. Larry Clemons, a driving force behind Urecoats product development, will continue in his post as President of Urecoats Industries, and will concentrate his efforts on new product research, development, alternate uses and global market applications. Both Mr. Kardok and Mr. Clemons will report directly to Urecoats Chairman and Chief Executive Officer Richard Kurtz. "We are all pleased and excited to have on board a quality leader and expert in the roofing, building products and construction industries," Mr. Kurtz said. "We plan to capitalize on Tim's vast experience, knowledge and leadership to drive our roofing products and systems nationally and worldwide." Mr. Kurtz continued, . 'Our Strategic Plan requires the capability to manufacture and distribute our superior roofing products and systems in diverse key global markets. We have begun to see very positive success and required an organized, experienced and well respected industry leader to continue to realize competitive growth, develop internal controls, manage our product development and generate continued revenue growth and profitability." Urecoats Industries, through its wholly-owned subsidiaries, Urecoats International, Inc. and Urecoats Technologies, Inc., is a developer, marketer and distributor of roofing and other types of sealants and coating products containing recycled material, including crumb rubber from recycled tires. The Company's product, URECOA TS IOO(TM) RUBBER SEALANT MEMBRANE (RSM)(TM) is a breakthrough technology sealant addressing worldwide markets with applications for steel structures, concrete, automobiles, roofing and the marine industry. RSM creates a seamless vapor barrier that eliminates the possibility of air or water intrusion, thereby preventing corrosion and deterioration. The adhesion forces create an uncompromising bond that adds structural integrity with the ability to flex. Urecoats has filed a patent application to protect its formulas and is also filing for additional patent protection for its spray application process. For more information, visit the Company's Web site at www.urecoats.com. Certain statements in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Refonn Act of 1995, as amended. There are a number of important factors that could cause the Company's actual results to differ materially from those indicated by such forward-looking statements. Additional infonnation concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained under the heading of risk factors listed from time to time in the Company's filings with the Securities and Exchange Commission. We do not assume any obligation to update the forward-looking infonnation. ------------------ Contact: Urecoats Industries Inc., Pompano Beach Larry T. Clemons (954) 977-5428 ACHIEVED THROUGH KNOWLEDGE. DELIVERED BY TECHNOLOGY FOUNDERS OF THE UNIVERSAL RUBBER SEALANT MEMBRAN~. RSM. Company Press Release Urecoats Exceeds EPA Drinking Water Standards POMPANO BEACH, Fla.--(BUSINESS WIRE)--March 8, 2001--Urecoats Industries Inc. (OTCBB:UREC _ news), a developer, marketer and distributor of sealant and coating products that incorporate recycled material in their composition, announced today that the Company's flagship RUBBER SEALANT MEMBRANE(RSM)(TM), URECOA TS IOO(TM) product, has passed EP A 1311 TCLP Extraction Procedures. This is a significant milestone in the Company's ongoing commitment to find cross-over industry applications for its RSM(TM) product formulations. "This testing was conducted by Law Engineering and Environmental Services, Inc. and Severn Trent Laboratories, Inc., two leading Florida environmental material testing companies. The objective of the testing was to evaluate if URECOA TS 100(TM) leaches specified pollutants regulated under the Environmental Protection Agency (EP A) Resource Conservation and Recovery Act (RCRA) and Florida Department of Environmental Protection (FDEP) hazardous waste programs," stated Gary M. Zeller, Ph.D., an environmental scientist for Urecoats Industries. "With the forthcoming Florida Everglades Restoration Program, protective liners and sealants are required for a variety of infrastructural purposes. The EP A's leachate procedure requires a battery of tests, which we have now met and exceeded." To evaluate the toxicity of the material the Toxicity Characteristic Leachate Procedure (TCLP) is performed and the results compared to established regulatory standards for various pollutants. The TCLP is designed to determine the mobility of both organic and inorganic analytes present in a material when exposed to a mildly acidic rinsate (similar to "acid rain"). EPA has established this procedure as a gauge of the material's potential to leach hazardous or regulated pollutants and consequently, its toxicity to the environment. Based on the Report of Waste Characterization Testing, detected concentrations were below the EPA primary drinking water standards, which have been adopted by the FDEP for groundwater monitoring and waste clean-up. "Personally, I feel this is our most critical test to date!" stated Larry T. Clemons, President and COO of Urecoats Industries. "To be able to work on landfill liners, waste containment cells, seawalls, docks, oil platforms, ports, harbors, ships, etc., and know that our RUBBER SEALANT MEMBRANE(RSM)(TM) will not release contaminants that could harm Marine Life or the Everglades is what this Company is all about. Infrastructure support, with an ECO philosophy, that's Urecoats Industries." For more information on the Company, visit the web site at www.urecoats.com. Certain statements in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. There are a number of important factors that could cause the Company( I)s actual results to differ materially from those indicated by such forward-looking statements. We do not assume any obligation to update forward-looking information. Contact: Malkus Communications Group, Fort Lauderdale, Fla. Chuck Malkus, 954/566-4937 or The Wall Street Group, New York Ron Stabiner, 212/888-4848 or Urecoats Industries Inc., Pompano Beach Larry T. Clemons, 954/977-5432 ACHIEVED THROUGH KNOWLEDGE. DEUVERED BY TECHNOLOGY FOUNDERS OF THE UNIVERSAl RUBBER SEALANT MEMBRANE' RSM.