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_/_/ RAPID BLAST _/_/ This publication is brought to you by Stockupticks.com and StockNight.com providing all the same great content you are used to, in a text format that allows us to reach you in just minutes - thus maximizing your ability to read, digest, and react. This week's profile highlights Paving Stone Corporation (OTC BB: PVNG) a market leader in the interlocking concrete paver installation business. The company has announced a 23% increase in revenues for to $31.5 million for its fiscal year just ended. PVNG is an exciting story that is yet undiscovered by the professional investment community. This provides an important opportunity to discover this company ahead of the market. ------------------------------------------------------------------- * * * Paving Stone Corporation (OTCBB: PVNG) * * * ------------------------------------------------------------------- * * * * Breaking News * * * * PAVING STONE CORPORATION REPORTS 23% INCREASE IN 2001 FULL YEAR REVENUES TO $31.5 MILLION POMPANO BEACH, Fla., Jan. 14 /PRNewswire-FirstCall/ -- Paving Stone Corporation (OTC Bulletin Board: PVNG), a market leader in the interlocking concrete paver installation business nationwide, today announced that its revenues for the 2001 fiscal year had increased by 23% to $31.5 million compared with revenues of $25.5 million for the 2000 fiscal year. For the fourth quarter ended December 31, 2001, revenues were $8.9 million compared with $7.3 million in the 2000 fourth quarter, an increase of 22%. The increased revenues were attributed to the continued growth of the Company's core offices in Florida, Georgia and Arizona and the successful expansion into California, Nevada, Texas and the Carolinas. The Company said that it expects to release its 2001 fourth quarter and full year financial results in late March 2002. Maurice Sigouin, Chairman and Chief Executive Officer of Paving Stone Corporation, stated: "Paving Stone Corporation has established a leading nationwide position in the interlocking paving stone installation industry. The increase in our year-end and fourth quarter revenues reflect the ongoing implementation of our strategy to expand our national footprint while achieving operational efficiencies." The Company plans to continue to expand its position in the marketplace through internal growth and the acquisition of quality independent businesses in strategic markets. As a premier paver installation and design company in the country, Paving Stone Corporation believes it is poised to capture a dominant market share in this expanding marketplace. According to the Interlocking Concrete Pavement Institute, the industry's trade association, while the annual installations of pavers has quadrupled in the U.S. over the last 20 years, the U.S. market of 300 million square feet of annual installation is still a fraction of the annual installation rate in Europe. Mr. Sigouin continued: "We built this business on the foundation of quality work and customer satisfaction. Our company's growth is indicative of our thousands of satisfied customers since 1990. Yet we realize there are a vast number of potential customers that have yet to learn about the cost advantages and convenience of interlocking paving stones for commercial and residential landscape and infrastructure applications. "We are already expanding our national footprint and bringing certain services in-house. By doing so, we have the ability to generate up to three times the revenues on a per square foot basis (as in a residential installation in locations other than our Florida base). With this business model, we expect to be able to substantially increase the revenues per job, compared with jobs of similar size in our Florida base. When one adds the components of geographic expansion, increasing market share with large increases in revenues on a per square foot basis, which result in higher revenue per job, we have the potential for strong bottom line growth." About Paving Stone Corporation Paving Stone Corporation enjoys the position of market leader in the interlocking concrete paver installation business nationwide and has received numerous industry awards for design and installation excellence. Established a decade ago with two employees, the Company has grown to include 80 employees and hundreds of installation crews located in 16 offices nationwide. In addition to eight offices throughout Florida, Paving Stone Corporation operates in Alabama, Arizona, California, Georgia, Nevada, Tennessee, Texas, and the Carolinas. Additional information is available on the Company's Web site at www.thepavingstone.com. Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 The information contained in this news release, other than historical information, should be considered forward-looking statements that are protected under the safe harbor of the Private Securities Litigation Reform Act of 1995. Projections and other forward-looking statements and descriptions of management expectations regarding future events or financial performance, although made in good faith, are inherently uncertain and actual events or results may differ markedly from any forward-looking statements. Risk factors that may cause results to differ from projections include, without limitation, loss of suppliers, loss of customers, inadequate capital, competition, loss of key executives, declining prices, margin pressures, lack of adequate capital, lack of adequate labor, unforeseen marketing expenses, and other capital market, international and economic factors. SOURCE Paving Stone Corporation CONTACT: stockquest@marketpathways.com Web site: http://www.thepavingstone.com ------------------------------------------------------------------- * * * About Paving Stone Corporation * * * Paving Stone designs and installs driveways, walkways, industrial and commercial streets in addition to building permanent interlocking retaining walls can add beauty, value as well as functionality to any landscape. From raised flower beds to building foundations to terraced lawns, Paving Stone can strengthen structures. ----------------------------------------------------------------- * * * About the Industry * * * The paving stone market began in the U.S. approximately 30 years ago and now constitutes 300 million square feet covered this year. The European market covers over 3 billion feet annually. The look and longevity of paving stone make it a rapid growth sector of the building industry. The nearest competition in the U.S. for orders is approximately half the size of Paving Stone. Industry profit margins are approximately 50 percent nationally. ------------------------------------------------------------------ DISCLOSURE / DISCLAIMER All statements and expressions are the sole opinions of Rapid Blast and are subject to change without notice. This is neither an offer or a solicitation to buy or sell any securities mentioned. We do not represent or gaurantee the accuracy of any statements made herein. The owners of Rapid Blast will be paid $22,500 to prepare and disseminate this report and provide additional advertising services. This report may contain forward looking statements relating to the expected capabilities of the company mentioned herein. Investing in the securities mentioned is speculative and carries a high degree of risk. Potential investors should do their own due diligence before investing. --- You are currently subscribed to stocknight as: sneal@ei.enron.com To unsubscribe send a blank email to leave-stocknight-306006P@lyris.stocknight.com
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