SOURCE: Gold River Productions, Inc.

May 04, 2011 09:10 ET

Gold River Productions (GRPS-Pink Sheets) Has Begun Preliminary Discussions With a Potential Customer in Japan to Explore the Possibility of Placing a Factory There to Construct Its Patent Applied for "World Home," Earthquake Resistant Prefab Permanent Housing in Hardest Hit Regions

SALT LAKE CITY, UT--(Marketwire - May 4, 2011) - John Ohlin, President and Chief Executive Officer of Gold River Productions (GRPS), Inc. (PINKSHEETS: GRPS), today announced it is having exploratory discussions relative to the feasibility of establishing a leased, manufacturing facility to build its all composite "World Home" in Japan to reduce delivery time and shipping expenses associated with overseas container shipping.

"The tragedy in Japan is almost beyond comprehension and it is expected to require many months to just clear away the debris. We expect it will require some months before full scale rebuilding efforts get underway. That would afford us ample time to locate an appropriate leased facility to manufacture our all composite 'World Home,' acquire and move the manufacturing equipment to the facility and begin operations."

Mr. Ohlin responds to recent questions from investors:

(Q) How large are the homes you intend to build?

(A) "We can produce housing in almost any size and configuration, but for areas where smaller housing is the norm we have concepts for a 400 sq. ft. (1 bed/bath) unit and a 600 sq. ft. (2 bed/1bath) unit that are rectangular in shape."

(Q) Can the units be used in high rise construction?

(A) "For a project we considered in the Philippines the concept was to build a 10 story, 40 unit configuration with an earthquake hardened steel skeleton (superstructure), a central core consisting of an elevator/stairway and utilities. The units would be assembled on the ground and would then be 'plugged' into one of the four bays on each level. The forty units per building could be assembled and installed in just a few days after the steel 'skeleton' was completed. It's then an easy job to face the exterior of the building in a manner keeping with local customs/tradition."

(Q) How difficult would it be to manufacture the housing units in Japan?

(A) "The units can be made anywhere. If produced in a location other than where they will be used, they can be shipped flat in a shipping container and assembled on site. All we need is a stable source of electricity and work force. Labor cost is typically a driving factor in construction cost so where we build the units will be relative to the cost/benefit ratio determined by the customer." However, the time factor plays heavily into this equation, hence locating a suitable manufacturing facility will be important once and if the green light is given to this project.

(Q) How many housing units can you build per month?

(A) "The three presses we can immediately acquire for this project would allow us to produce approximately 400 - 500 housing units per month depending on the size of the units produced."

For complete information on the Company please go to our web site

Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the company's actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financing and other risks

Contact Information

  • Contact:
    Mr. John Ohlin