CARY, NC - (NewMediaWire) - November 04, 2021 - Small business Development Group, Inc.(OTC:SBDG) (www.SBDGStock.com) today announced that Strategic Manufacturers, Inc., (SMI), awholly-owned subsidiary, is planning to build two large manufacturing plants inthe Katy, Cypress area of Texas.
Whenfully operational, these plants will produce 4.5 billion nitrile examinationgloves annually, as well as 120,000 metric tons of the synthetic rubber, knownas NBR (nitrile butadiene rubber), from which the gloves are made. Nitrileexamination gloves are widely used by hospitals, medical personnel, andemergency workers to protect them against harmful chemical agents, infection,disease, and pathogens including the coronavirus.
“Atthe end of 2020, we began to explore the feasibility of building and developingvertically integrated manufacturing facilities for nitrile gloves here in theUnited States,” said Roy Y. Salisbury,Small Business Development Group CEO and Chairman.
Mr. Salisbury explainsthat after funding months of research, analysis, and planning, it is now timeto announce moving forward with the project: “We know this is a significantundertaking. We also know thesefacilities are needed. We are confidentthat we have the right plan, and the right team to accomplish the goal.”
“Morethan ninety percent of the examination gloves used in America today are sourcedfrom Asia,” said Strategic Manufacturers CEO David Emery. “What is worse, thereare no significant producers of medical-grade NBR rubber here. Our mission isto restore America’s capability to manufacture this basic but critical part ofthe personal protective equipment we all depend upon for our health andsafety.”
“Thekey to the SMI business strategy is the co-production of both NBR and gloves.Known to economists as ‘vertical integration,’ this will guarantee that SMI hasaccess to the rubber it will require for glove production. It also provides SMIwith a second profit center since its NBR plant is designed to producesignificantly more than it requires and SMI will sell surplus NBR to othermanufacturers,” Mr. Emery said.
“Webelieve we will become the only vertically-integrated US nitrile glovemanufacturer. This sets SMI apart from others planning to enter this market.This strategy will free us from dependency on foreign supply chains and enableus to produce gloves to America’s exacting standards, made from American rawmaterials, by American workers. That prospect is very exciting to us,” Mr.Emery concluded.
TheSMI project will initially create about 500 jobs. It is expected to take threeyears to become operational once ground has been broken. “America was ill-prepared for the COVID-19pandemic,” Mr. Emery said. “We did nothave enough masks, gloves, ventilators and protective gowns. Our mission is to participate in a nationaleffort to ensure that Americans will never again suffer and die needlesslybecause we could not manufacture supplies to keep them safe.”
“Without question,this is a massive project and a considerable undertaking. We spent a considerable amount of time andresources to prove its viability. Webelieve the Company will be EBITDA positive the first year,” said Brian Jue, SmallBusiness Development Group Chief Operating Officer and a Director. “We haveassembled an experienced, top shelf management team, led by David F.Emery. We are extremely fortunate tohave someone of his caliber, who served four terms as a U.S. Congressman,worked in the Reagan Administration in the Department of Defense, and under hisdirection, we have submitted our plan to the Department of Defense.”
“SBDGshareholders,” Mr. Jue said, ”we are very excited about this project.”
About Strategic Manufacturers:
StrategicManufacturers, Inc. (SMI) is a holding company with an active mandate to buildand develop United States based manufacturing operations. It believes thatcritical sectors of America’s industrial manufacturing base need to beimproved.
AboutSBDG:
Small Business Development Group, Inc.(OTC: SBDG) is a holding company publicly traded on OTC Markets. SBDG has anactive mandate to identify and acquire operating companies with a preferencefor those in the small to medium sized enterprise arena (SMBs and SMEs) basedin North America, specifically those demonstrating modest but predictablegrowth and profitability over time. Ideal candidates for acquisition have anenterprise value between $2 million and $50 million with positive cash flowsbetween $500 thousand and $5 million. SBDG's intent for all acquisitions is toaffirm or establish sound business fundamentals and to drive revenue andprofitability growth. The goal of SBDG is to develop and align portfoliocompanies into high performance industry verticals and deliver additional valuefor its stakeholders.
For moreinformation, visit www.SBDGStock.com
For more information, visitwww.strategicmanufacturers.com
Note to Investors
This pressrelease contains certain forward-looking statements based on our currentexpectations, forecasts and assumptions that involve risks and uncertainties.This release does not constitute an offer to sell or a solicitation of offersto buy any securities of any entity. Forward-looking statements in this releaseare based on information available to us as of the date hereof. Our actualresults may differ materially from those stated or implied in suchforward-looking statements, due to risks and uncertainties associated with ourbusiness.
Contact: Paul Knopick
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