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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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