FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of
1934
For the period ended May 16, 2002
RTICA Corporation
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(Translation of registrant's name into English)
999 Barton Street, Stoney Creek, Ontario L8E 5H4 Canada
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(Address of principal executive offices)
[Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Form 20-F X Form 40-F
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[Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes No X
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If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82-
Senior Management Appointments Strengthen Rtica's Transition
To Commercial Operations.
Stoney Creek, On. March 22, 2002: Rtica Inc. announces several key appointments
designed to add management depth and guidance as it introduces RTICA brand
insulation to the building industry market.
Paul Hammill, an experienced executive and a consultant during Rtica's
development stage, assumes the role of General Manager. Paul will oversee and
coordinate all administrative and manufacturing operations at the Company's
Stoney Creek site.
Richard Galloway, Director of Sales and Distribution, adds industry relations to
his responsibilities and will continue to be based in the United States.
David Hutchinson becomes Director of Marketing & Communications, responsible for
both marketing and corporate information services.
Mark Newman, P.Eng, MBA, with a solid background of design, construction and
commissioning of process operations joins the team as Operations Manager.
Bill Worden, P.Eng, Logistics Manager, takes on responsibility for purchasing,
inventory, stores, raw materials management and ISO certification.
Nick Tsimidis, CA, is appointed Controller with responsibility for all aspects
of the Company's financial accounting and reporting systems.
"Re-aligning our management team and enlisting new members with their own
special talents is the next critical step for what's in front of us, our
transformation to a viable industry supplier", says Warren Arseneau, President.
" We've done a great job as developers of a new technology. Now that we know
RTICA is accepted by the industry, we need to be equally good as operators to
produce and sell in commercial volume. I believe we've put together the right
team to get the job done."
RTICA is a new generation of insulation made by a proprietary technology that
converts 100% recycled plastic (PET) into a bulked-up, fibrous form. It will be
distributed first to professional contractors as a blowing wool for
blown-in-place applications, such as attics. RTICA in the more familiar form of
batts will follow soon after.
Rtica Inc. is a subsidiary of Rtica Corporation, a public company whose shares
trade on the CDNX exchange, symbol RTN. There are 35,039,636 shares outstanding.
The corporate web site can be found at www.rtica.com.
The Canadian Venture Exchange (CDNX) has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of this press
release.
More information:
Nick Tsimidis Jason Monaco
RTICA Inc. First Canadian Capital Corp.
(905) 643- 8669 ext. 230 (416) 742-5600
nick.tsimidis@rtica.com jmonaco@firstcanadiancapital.com
FOR IMMEDIATE RELEASE
Symbol: CDNX: RTN
BRIDGE FINANCING ANNOUNCED BY RTICA CORPORATION.
April 18, 2002 (Toronto, ON) Rtica Corporation ("Rtica") announced today that
it has secured $340,000 in bridge financing for general working capital
purposes. The proceeds have been advanced to Rtica in tranches of $150,000 and
$190,000 respectively, both amounts to bear interest at the rate of 15%. The
latter advance is secured by a General Security Agreement over Rtica's assets.
A total of 80,000 common shares were allocated to the lenders as an inducement
to advance the funds. The loans are repayable in 6 months, or earlier in the
event that Rtica raises at least $700,000 in additional equity. The hold period
on the share allocation expires on August 16, 2002.
Rtica is in on-going discussions with investment dealers to undertake the
substantial equity financing necessary to enable its subsidiary, Rtica Inc, to
enter into full commercial production. "We couldn't be more prepared to take
RTICA insulation to market", says Warren Arseneau, President. "Our technology
is ready to go today, and both the industry and consumers are buying in to our
basic message, that conservation is a capital efficient alternate energy. That's
especially so when the return on investment for greater levels of insulation
only gets better as energy costs increase. It's why we say our revolutionary
product, RTICA , is the Next Generation of insulation".
RTICA is a new generation of insulation made by a proprietary technology that
converts 100% recycled plastic (PET) into a bulked-up, fibrous form. It will be
distributed first to professional contractors as a blowing wool for
blown-in-place applications, such as attics. RTICA in the more familiar form of
batts will follow soon after.
Rtica Corporation is a public company whose shares trade on the CDNX exchange,
symbol RTN. There are 35,039,636 shares outstanding. The corporate web site can
be found at www.rtica.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Nick Tsimidis Jason Monaco
RTICA Inc. First Canadian Capital Corp.
(905) 643- 8669 ext. 230 (416) 742-5600
nick.tsimidis@rtica.com jmonaco@firstcanadiancapital.com
The Canadian Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
FOR IMMEDIATE RELEASE
Rtica Inc and Quebec's SGF to Jointly Evaluate North America's First Commercial
Scale Plastic (PET) Insulation Plant.
Stoney Creek, Ontario, May 13, 2002: Rtica Inc. (Rtica) announced today the
signing of a restated Memorandum of Understanding (MOU) agreement with the
SGF CHIMIE, a subsidiary of the Soci t G n rale de Financement du Qu bec
(the SGF). The MOU enables both parties to evaluate the construction and
operation of a commercially viable plant that utilizes Rtica's patented
technology in the production of insulation for residential and industrial
markets. In keeping with SGF Chimie's investment objectives, the plant would be
located in Quebec.
Certain studies stemming from a prior MOU in place since August, 2001, have
already been completed, notably market analysis and technology assessment. The
production facility contemplated would be capable of 24,000 metric tonnes
annually and will require an investment approaching $35,000,000CAD.
Said RTICA President Warren Arseneau, "We are delighted with the renewed SGF
association. Their record of successful ventures to scale up technology is well
known. And their long-term commitment to PET in North America, our principal raw
material, positions them as an ideal partner with a valuable insight into our
business."
RTICA brand is a new generation of residential and commercial insulation for
thermal and acoustic construction applications and represents a radical
improvement over traditional materials. RTICA does not cause skin irritation or
dust associated with respiratory ailments. It matches or exceeds existing
insulation in thermal performance and is price-competitive. RTICA is a fibrous
material manufactured wholly from recycled polyethylene terephthalate (PET) a
plastic sourced mainly from plastic bottles removed from waste and recycling
streams.
SGF Chimie's mission is to carry out economic development projects in
cooperation with partners and in accordance with accepted requirements for
profitability. Since it was restructured in 1998, the SGF has generated
investments of nearly $7.5 billion and created more than 43,000 direct and
indirect jobs. As of December 31, 2001, SGF's consolidated assets totaled over
$3 billion. SGF has 57 international partners operating in Quebec.
(www.sgfqc.com)
Rtica Inc. is a wholly owned subsidiary of Rtica Corporation whose shares trade
on the TSX Venture exchange under the symbol RTN. There are 35,039,636 shares
outstanding. The corporate web site can be found at www.rtica.com
Contacts for further information:
Nick Tsimidis Jason Monaco
RTICA Inc. First Canadian Capital Corp.
(905) 643- 8669 ext. 230 (416) 742-5600
nick.tsimidis@rtica.com jmonaco@firstcanadiancapital.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for
the adequacy or accuracy of the content of this press release.
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
RTICA Corporation
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(Registrant)
Date May 16, 2002 By: /s/ Warren Arseneau
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*Warren Arseneau,
President
* Print the name and title of the signing officer under his signature.