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This phase of the project would result in the potential for the company to develop additional <br /> • proprietary rights to specific pieces of equipment. In essence, the company would develop <br /> additional "manufacturing capacity" which is more oriented to the assembly of the developed <br /> products. These products could be integrated into the design and development projects which <br /> are typical service of T L Feeding, as well as sold to other equipment manufacturers. <br /> This phase of the project has the potential to significantly grow T L Feeding into a <br /> $10,000,000+ company. This phase of the project would require approximately $175,000 - <br /> $200,000 of research and development funding as well as an additional $100,000 - $150,000 of <br /> operating capital. <br /> The principals of the company have access to significant capital which can serve as an equity <br /> investment to support the funding for this project. <br /> Management <br /> The key management personnel of T L Feeding Systems is as follows: <br /> Al Larson - President/Chief Executive Officer <br /> Fred Nungesser - Vice President/General Manager <br /> Don DeMorret - Secretary/Treasurer <br /> Facilities and Employment <br /> • It is anticipated that initially, the production facility would require approximately 7,500 square <br /> feet and initially 8 to 10 employees. Within 12 - 18 months it is anticipated that the company <br /> would require expansion space up to 15,000 square feet and 10 to 12 additional production <br /> employees. <br /> On a longer term basis, the company anticipates generating $6,000,000 - $10,000,000 of sales <br /> in this division which would require an estimated 30,000 - 40,000 square feet and 50 to 75 <br /> employees. The nature of the manufacturing will require highly skilled employees with average <br /> wages of $8.00 - $14.00 per hour. <br /> Response <br /> This information is being provided to a limited number of communities in the Northwestern <br /> suburban area. Please direct preliminary responses which details available space, finance <br /> programs and community information to: <br /> Patrick W. Pelstring <br /> Public Resource Group, Inc. <br /> 4205 Lancaster Lane North, Suite 1100 <br /> Plymouth, MN 55441 <br /> (612) 550-7979 <br />