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• MARKETECH, INC. was started in March of 1990 and has grown to over$1,000,000.00 <br /> in sales as of 1995 year end. Currently Marketech services over 60 accounts through out <br /> the US, Canada and some overseas accounts. Marketech still services the same markets <br /> and services that were identified in the 1990 start up business plan with some expansion <br /> into additional services to the ATE "Automatic Test Equipment" market. The annual sales <br /> has been increasing at an average of 25% per year with a 36%growth in the most recent <br /> year of 1995. 1996 brings continued growth of an expected 25.% along with the addition <br /> of a new project to assemble Pakon Impak Index Systems. The new Index Systems were <br /> projected to be at 500/yr but recent market showings have caused Pakon to increase their <br /> forecast to 200/month by this June(96). This will have an additional impact of 25 to 30% <br /> additional growth to total sales. Total sales for 1996 are estimated to be 1.4 to 1.6M. <br /> Employment is expected to increase from 20 at 1995 year end to 27 by end of 1996. <br /> The annual growth of 25% normal is expected over the next 3 years and should be <br /> attainable due to the new project which has an estimated 5 year market life. <br /> To attain this growth Marketech is in need of both increased line of credit for additional <br /> working capital as well as manufacturing space. Marketech currently occupies 4350 sq. ft. <br /> of manufacturing and office for the core business and has a temporary lease on an <br /> additional 1500 sq. ft. in a nearby industrial building. As the current business was already <br /> causing a space problem the additional space added for the Pakon project will not <br /> • keep pace for both needs. Other suitable space for lease in the Elk River area is not <br /> available so the decision was made to pursue a new facility to consolidate the two <br /> operations. The new facility is planned to be 9250 sq. ft. fully air-conditioned and finished <br /> for offices and electro-mechanical type assembly. The land chosen has 2.2 acres and <br /> allows an expansion to over 30,000 sq. ft. allowing continued expansion for many years. <br /> • <br />