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• <br /> Minnesota Well Drillers Association and participating as an exhibitor at the Minnesota Well <br /> Drillers Conference. Through advertising in various trade magazines. A company vehicle displays <br /> the company logo. The desired image Water Laboratories would like to convey is that of a first <br /> rate established business that appears to be established, reliable and secure. Second rate will never <br /> be an acceptable level to which this company will strive for. <br /> Water Laboratories is designated as a "C" corporation. The owner and president of <br /> the corporation is Kevin J. Kloeppner. Secretary of the corporation is Cynthia R. Kloeppner, wife <br /> of Kevin. Kevin managed Water Laboratories for approximately one and a half years before <br /> purchasing the company from Craig Willey. In addition Kevin has a degree in Water and Waste <br /> Treatment Technology. Kevin was also a member of the Central Minnesota Water Quality Task <br /> Force Committee. This is where Kevin received the majority of the technical knowledge to operate <br /> a laboratory and perform the water analysis. Cynthia is a graduate of the St.Cloud Business <br /> College with a degree in bookkeeping and accounting. Both Kevin and Cynthia are on the <br /> company payroll. Kevin manages all laboratory operations, while Cynthia manages the office <br /> operations. In addition the company employees one full time laboratory technician and one part <br /> time secretary. The laboratory technician as a full time employee receives health insurance paid for <br /> by the company. Health insurance is also paid for by the company for Kevin and Cynthia. Part <br /> time employees do not receive health insurance. Workers Compensation is paid for by the <br /> • company for Kevin, the lab technician and secretary. Employees receive one week of paid vacation <br /> each year after being with the company for one year. <br /> Short term goals for the company is to move to a new location since the present <br /> lease is to expire on October, 1993. The purchase of a building is the most desirable option being <br /> considered. The proposed location is less than two blocks from the current location and is in a very <br /> busy area with a new medical office building across the street. A dental clinic, a real estate office, a <br /> abstracting and title company, a investment firm and a construction companies' offices are adjacent <br /> to the our proposed building site. <br /> Long term goals include the purchase of addition testing equipment and instruments <br /> to expand into new areas. Thus providing Water Laboratories with a wide variety of testing <br /> capabilities, providing additional opportunities and income and diversity. As Water Laboratories <br /> grows additional technicians will need to be employed to service the increased demands. <br /> The following page illustrates the growth Water Laboratories has achieved since <br /> 1991 when the laboratory was purchased by Kevin J. Kloeppner. Please take note that the change <br /> of ownership did not take place until October of 1991. Since that time the laboratory has <br /> continually set new sales records. <br /> • <br />