WHAT IS NEW and DIFFERENT at TSL?

The answer to that, is a great deal. Here are a few quotes from an article in PLASTICS NEWS.

Dateline July 8, 2002.

A new company, Thermoforming Systems LLC, has bought the assets of financially ailing equipment maker International Thermoforming systems . . . "We bought the assets from the secured lenders," said Thomas Feichter, TSL president. TSL will retain the International Thermoforming factory and has hired all 23 current employees.

International Thermoforming had sales of $18 million in the fiscal year ended June 30, 2001.

In a July 1^st telephone interview, Dave Irwin, founder and majority owner of ITS, said the recession hurt his company. "The U.S. economy, since late 2000 has been a real tough market, especially in the capital equipment area," he said.

Feichter said the company has a backlog of seven thermoforming machines worth $4.9 million and orders deliverable over the rest of this year. He said the backlog means customers trust the company to perform. "It’s an excellent start for a company coming out of financial trouble", Feichter said.