Bitterroot Composite Lumber Public Stock Offering Meetings, 2/12, Missoula, 2/13, Victor, 2/20, Stevensville
| February 11, 2008 |  View for printing |
The Bitterroot Composite Lumber Company (BCLC)http://www.montanadex.com , a locally owned corporation, announces the sale of public stock. BCLC will establish an extrusion plant in Darby, Montana that will combine wood fiber from small diameter timber and wood waste with recycled plastic to make a durable outdoor decking. With a sales pipeline in place, BCLC will market the sustainable decking product regionally under the brand name Montanadex.
“We are very excited to be finally through the process of getting certified with the Montana State Auditor for the public sale of stock,” says company CEO and co-founder Corrine Gantt. “We have been working on this project for close to three years and it looks like we are going to make it happen.”
BCLC has a comprehensive plan for success. The Company will team with Strandex Corporation for technology and production management services. Strandex technology provides for economical production of the most reliable composite board on the market. In addition to the existing sales pipeline, BCLC will also contract to produce decking for other Strandex licensees that want to purchase production for their west coast customers, providing additional cash flow for the emerging company.
BCLC is offering $500,000 worth of common stock. BCLC is also in line to access monies available for economic development in economically distressed communities like in Darby. These monies can be used for operations and would be sufficient to secure equipment loans for $4.5 million.
“This business will provide good paying manufacturing jobs and produce an environmentally sound product.” says Chief Operations Officer and co-founder John Schneeberger, “This is a high tech, clean facility in which the extrusion lines can be changed relatively easily to use different feed stocks or to produce different product lines. Our focus is on decking because of the booming demand, but we can move quickly into new products as the market changes.”
BCLC, through their relationship with Strandex Company, is also working with a group of companies that have produced a new coating for composite lumber. “We are very excited about this process” , says John, “It will provide enhanced stain, scratch, fade, and slip resistance, increases the fire rating and will likely decease production costs.” “It’s a real technological break through.”
The Company has now had seven informational meetings and has given out over 130 investor packets to interested people. Investors have begun placing money in the BCLC impound account, approximately $45,000 so far, and over 35 people have committed to buying stock.
All meetings will be at 7 PM:
Hamilton, Friday, Fri Feb 8, 164 S Third St, Suite A
Missoula, Tues, Feb 12, at the Montec, 1121 E. Broadway
Victor, Wed, Feb 13, Farmers State Bank
Stevensville, Wed, Feb 20 Farmers State Bank.
For more information, please contact:
Corrine Gantt
544-8586
John Schneeberger
370-3230
Website: http://www.montanadex.com 
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