CARY, NC – 
(OTC:SBDG) (www.SBDGStock.com) today announced that Strategic Manufacturers, Inc., (SMI), a
wholly-owned subsidiary, is planning to build two large manufacturing plants in
the Katy, Cypress area of Texas.
When
fully operational, these plants will produce 4.5 billion nitrile examination
gloves annually, as well as 120,000 metric tons of the synthetic rubber, known
as NBR (nitrile butadiene rubber), from which the gloves are made. Nitrile
examination gloves are widely used by hospitals, medical personnel, and
emergency workers to protect them against harmful chemical agents, infection,
disease, and pathogens including the coronavirus.
“At
the end of 2020, we began to explore the feasibility of building and developing
vertically integrated manufacturing facilities for nitrile gloves here in the
United States,” said Roy Y. Salisbury,
Small Business Development Group CEO and Chairman.
Mr. Salisbury explains
that after funding months of research, analysis, and planning, it is now time
to announce moving forward with the project: “We know this is a significant
undertaking. We also know these
facilities are needed. We are confident
that we have the right plan, and the right team to accomplish the goal.”
“More
than ninety percent of the examination gloves used in America today are sourced
from Asia,” said Strategic Manufacturers CEO David Emery. “What is worse, there
are no significant producers of medical-grade NBR rubber here. Our mission is
to restore America’s capability to manufacture this basic but critical part of
the personal protective equipment we all depend upon for our health and
safety.”
“The
key to the SMI business strategy is the co-production of both NBR and gloves.
Known to economists as ‘vertical integration,’ this will guarantee that SMI has
access to the rubber it will require for glove production. It also provides SMI
with a second profit center since its NBR plant is designed to produce
significantly more than it requires and SMI will sell surplus NBR to other
manufacturers,” Mr. Emery said.
“We
believe we will become the only vertically-integrated US nitrile glove
manufacturer. This sets SMI apart from others planning to enter this market.
This strategy will free us from dependency on foreign supply chains and enable
us to produce gloves to America’s exacting standards, made from American raw
materials, by American workers. That prospect is very exciting to us,” Mr.
Emery concluded.
The
SMI project will initially create about 500 jobs. It is expected to take three
years to become operational once ground has been broken. “America was ill-prepared for the COVID-19
pandemic,” Mr. Emery said. “We did not
have enough masks, gloves, ventilators and protective gowns. Our mission is to participate in a national
effort to ensure that Americans will never again suffer and die needlessly
because we could not manufacture supplies to keep them safe.”
“Without question,
this is a massive project and a considerable undertaking. We spent a considerable amount of time and
resources to prove its viability. We
believe the Company will be EBITDA positive the first year,” said Brian Jue, Small
Business Development Group Chief Operating Officer and a Director. “We have
assembled an experienced, top shelf management team, led by David F.
Emery. We are extremely fortunate to
have someone of his caliber, who served four terms as a U.S. Congressman,
worked in the Reagan Administration in the Department of Defense, and under his
direction, we have submitted our plan to the Department of Defense.”
“SBDG
shareholders,” Mr. Jue said, ”we are very excited about this project.”
About Strategic Manufacturers:
Strategic
Manufacturers, Inc. (SMI) is a holding company with an active mandate to build
and develop United States based manufacturing operations. It believes that
critical sectors of America’s industrial manufacturing base need to be
improved.
About
SBDG:
Small Business Development Group, Inc.
(OTC: SBDG) is a holding company publicly traded on OTC Markets. SBDG has an
active mandate to identify and acquire operating companies with a preference
for those in the small to medium sized enterprise arena (SMBs and SMEs) based
in North America, specifically those demonstrating modest but predictable
growth and profitability over time. Ideal candidates for acquisition have an
enterprise value between $2 million and $50 million with positive cash flows
between $500 thousand and $5 million. SBDG’s intent for all acquisitions is to
affirm or establish sound business fundamentals and to drive revenue and
profitability growth. The goal of SBDG is to develop and align portfolio
companies into high performance industry verticals and deliver additional value
for its stakeholders.
For more
information, visit www.SBDGStock.com
For more information, visit
www.strategicmanufacturers.com
Note to Investors
This press
release contains certain forward-looking statements based on our current
expectations, forecasts and assumptions that involve risks and uncertainties.
This release does not constitute an offer to sell or a solicitation of offers
to buy any securities of any entity. Forward-looking statements in this release
are based on information available to us as of the date hereof. Our actual
results may differ materially from those stated or implied in such
forward-looking statements, due to risks and uncertainties associated with our
business.
Contact: Paul Knopick
940.262.3584
pknopick@eandecommunications.com