December 6, 2007

Darby, MT- The Bitterroot Composite Lumber Company (BCLC), 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 Secretary of State 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 is partnered 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.  These proceeds will be used for operational capital along with as much as $2 million in public monies from Coastal Enterprises, a Maine development corporation.  These funds are available for this project because the factory will be located in Darby, an economically distressed community. This equity capital is 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.”

All who are interested in buying stock in BCLC and becoming part of business can come to a presentation that will be held every Monday at 7 PM the Carriage House in Hamilton located at 310 N 4th St.  The presentations will begin December 17th, will take a two week break for the holidays, and will resume January 7th.

For more information, please contact:

Corrine Gantt
544-8586
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John Schneeberger
370-3230
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