8.0. EDSR 08-08-1995 - Laserfiche WebLink

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PUBLIC RESOURCE GROUP INC. Marketing, Development&Finance Specialists Project Profile Specialized Packaging Equipment Designer and Manufacturer Introduction Al Larson, was a founder and majority shareholder of T L Systems. T L Systems designs and manufacturers specialized packaging equipment for the pharmaceutical industry. The company, located in a 75,000 square foot facility grew to an excess of$15,000,000 of sales through 1994. As of March 1995, the company was sold to an European manufacturer and Mr. Larson's interest in the company was sold. A key aspect of the sale of T L Systems was Mr. Larson's development of a patented, enclosed, clean room pharmaceutical packaging system. This system is viewed as the next generation of pharmaceutical packaging equipment. In addition to T L Systems, Mr. Larson founded T L Feeding Systems in 1987. This company designs and manufacturers "feeding" equipment that orients product for assembly and packaging operations. T L Feeding, quite often was a subcontractor of T L Systems but sales of its equipment have applications for a wide variety of industries as pouch feeding, cosmetic and health products, and food packaging. As a result of the sale of T L Systems, T L Feeding must vacate its space within the T L Systems facility. The management of T L Feeding is interested in developing additional proprietary products to promote the growth of the company. Business Description T L Feeding Systems offers manufactures and processors state-of-the-art technology in vibratory technology and centrifugal feeders. The company has designed and manufactured systems for hundreds of companies. The company's specialty is to design high-speed feeding equipment at guaranteed rates of up to 800 units per minute. 4205 Lancaster Lane North ♦Suite 1100 •Minneapolis,Minnesota 55441 •(612) 550-7979 •(612) 550-9221 Fax