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7.0. EDSR 03-08-2004
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7.0. EDSR 03-08-2004
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City Government
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EDSR
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3/8/2004
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• <br /> EXHIBIT A <br /> CORPORATION DESCRIPTION <br /> Orluck Industries, Inc. was established in 1993,with the purchase of a small lapping <br /> company. The first year, sales doubled to $150,000. The second year, sales doubled again <br /> to $300,000. Sales doubled again the third year to $600,000 and again the fourth year to <br /> 1.2 million. Since than sales have remained constant at 1.0 million. In 2000 I set a goal of <br /> doubling out sales again within two years. A top salesman and administrator was hired <br /> and $300,000 was invested in new equipment. Unfortunately, it was shortly after that, <br /> that manufacturing in Minnesota went into serious decline, yet Orluck Industries sales <br /> have remained steady at 1.0 million.During this decline, Orluck Industries invested more <br /> than$300,000 in new equipment and is well positioned to take advantage of a growing <br /> economy. <br /> We are manufacturing service company, specializing in precision machining of <br /> various metals and plastics to produce piece parts,tooling, fixturing and assemblies. <br /> Our customer base is strong and diverse, including companies like Medtronic, <br /> Seagate Technology, Everette Charles Corp. and Boston Scientific. <br /> • <br />
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