Rhino Ecosytems, Inc. Symbol: RHNC Traded: OTC Bulletin Board Current Price: 0.25 52 Week High: 2.50 52 Week Low: 0.156 Web site: www.rhinodata.net Recent Press: 7-10-01
Environmental concerns are once again at the forefront of the political landscape. Municipalities across North America are beginning to mandate what goes down the drains. We have isolated Rhino Ecosystems, Inc. (OTC BB: RHNC) as the only player with a patented product in this niche market. RHNC has signed a multi-year Master Dealer/Distribution Agreement with Watts Industries Canada, the Canadian subsidiary of the U.S. based Watts Industries Inc. (NYSE:WTS) Financial Facts: In the fiscal year 1999 when the product was first launched, the company grossed $28,998. That number increased to $173,942 in 2000. The current market cap is approximately $1,650,000. Sales projections below validate our estimated price target. Rhino currently has 34 dealers representing annualized unit sales commitments of 2.8 million dollars, which equates to an additional 1.6 million dollars in replacement filter sales for a total of 4 million dollars in revenue. The estimate for 2001 is over 1 million USD and 2002 is anticipated to be over 10 million USD. Detailed information about Rhino Ecosystems Inc. may be obtained by visiting www.rhinodata.net.
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