Resin System Inc. Signs Exclusive Distributor Agreement With HD Supply Utilities

    CALGARY, Jan. 31 /CNW/ - Resin Systems Inc. ("RS") (RS - TSX /
RSSYF - OTCBB), a composite products innovation company, has signed an
agreement with HD Supply Utilities, the leading distributor for the utility
industry in North America and a subsidiary of The Home Depot(R). With this
agreement, HD Supply Utilities is now the exclusive distributor of RS's
RStandard(TM) transmission and distribution poles within Canada, the United
States, Mexico, Bermuda, the Bahamas and all of the Caribbean Islands. These
poles can be used for power transmission and distribution.
    "The market has demonstrated a great need for products that are
innovative and environmentally friendly," said Rick McClure, President, HD
Supply Utilities. "By making these products available through HD Supply
Utilities, we will offer an option that is stronger, lighter and greener than
traditional poles. This agreement with RS is an example of our commitment to
providing groundbreaking solutions for the utilities market."
    "The confidence shown by HD Supply Utilities confirms that the RStandard
utility pole is the future for North American utilities," said Paul Giannelia,
President and Chief Executive Officer, RS. "This relationship secures
RStandard's market penetration and is a cornerstone of our path to
    The agreement includes an initial purchase order for RStandard poles with
a value exceeding $50 million USD over two years after delivery start, subject
to applicable terms and conditions. Other terms of the deal were not

    About RS

    RS is a composite product innovator. RS develops advanced composite
products for large-scale industrial markets. These products replace products
that have been traditionally made using conventional building blocks of wood,
concrete and steel. The foundation of RS is continuous innovation and product
development utilizing its proprietary Version(TM) polyurethane resin system.
    RS has successfully developed the award winning RStandard(TM) modular
composite transmission and distribution structure. For the latest on RS's
developments, click on "Latest News" on
    "Version" and "RStandard" are trademarks of RS.

    Forward Looking Statements

    Certain information set forth in this news release, including
management's assessment of RS's future plans, operations, financial guidance
and long-term growth prospects, contains forward-looking statements which are
based on RS's current internal expectations, estimates, projections,
assumptions and beliefs, which may prove to be incorrect. Some of the
forward-looking statements may be identified by words such as "expects",
"anticipates", "believes", "projects", "plans" and similar expressions. These
statements are not guarantees of future performance and undue reliance should
not be placed on them. Such forward-looking statements necessarily involve
known and unknown risks and uncertainties, which may cause RS's actual
performance and financial results in future periods to differ materially from
any projections of future performance or results expressed or implied by such
forward-looking statements. These risks and uncertainties include, among other
things, RS's lack of revenues and unpredictability of future revenues; the
uncertainty of the profitability of existing and contemplated products of RS;
RS's ability to raise capital on acceptable terms when needed; RS's ability to
attract and retain key employees; competition from established competitors
with greater resources; the uncertainty of the developing markets in which RS
operates; the risks associated with rapidly changing technology; RS's reliance
on third parties to supply raw materials and the cost of such raw materials;
intellectual property risks, foreign exchange rate fluctuations and changes in
general economic, market and business conditions. Many of these risks and
uncertainties are described in RS's 2005 annual information form and other
documents RS files with the Canadian securities authorities and the United
States Securities and Exchange Commission. The forward-looking statements are
made as of the date hereof and RS assumes no obligation to update or revise
such statements to reflect new events or circumstances except as required by
applicable securities laws.

For further information:

For further information: Laurien Abel, Investor & Public Relations,
Resin Systems Inc., Phone: (403) 219-8000, Fax: (403) 219-8001, Email:

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890