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<br />. <br /> <br />Perl.f!J.!!!' <br /> <br />Page 2. <br /> <br />Perf-form Products is a small but growing company with 25% or <br />more growth per year and total revenues of $258,361 in <br />1992. We employ 2 full time and 2 part time employes including <br />myself, and will add at least 1 more fill time employee in the <br />next year. We have not been able to meet market demand this <br />past year as lack of space is limiting our production <br />capabilities. <br /> <br />The acquisition and building of new production equipment has <br />the company poised for a substantial production increase if <br />the equipment can be set up in a larger facility with enough <br />space for a continues manufacturing processl versus our <br />current batch process. This/combined with new products such as <br />a patent pending replaceable element Spin-On filte~ should <br />continue our growth well into the future. <br /> <br />. <br /> <br />I am hopeful that the City of Elk River would consider <br />Perf-form Products an asset to the community and grant <br />the requested tax and financing help. <br /> <br />SincerelYI <br /> <br />y~rf<: <br /> <br /> <br />Douglas F. Koelfgen <br />Presidentl Perf-form Products I Inc. <br /> <br />. <br /> <br />21595 Cty. Rd. 83 N., Big Lake, MN 55309 · Phone (612) 263-6615 <br />