Edwardsvillle Intelligencer 13 April 1957

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Edwardsvillle Intelligencer
13 April 1957 - 'Louis, -he in 'been 'to further and of "in by...
'Louis, -he in 'been 'to further and of "in by with I four for administration." re aild Here P. M. P, M. tapdex Corp. (Continued from Page 1) here is a potential use for solid iropellants. A spokesman 'for the company said that 'they are working on many different types of devices which'use'this method of obtaining power, both 'for military and civi ian use. The company already las several propellant actuated de. vices for use on military equip nent under study. Several devices or civilian use are being studied jy potential users, while still others are presently being de signed. In 'the field of specialized pro llinls and explosives, (he com any plans to manufacture in small quantities the more or less (exotic" .types not generally avail able. These ^usually have some unusual characteristic such as ex rcme purity, resistance to high emperaturcs, etc., and are most requently used for experimental purposes. In this type of product, reliability and assurance of quality are essential, and therefore the dollar value is considerably higher han that of the more conventional ypes. A company official said an un usual feature of the company is that it'has provided'for facilities o produce a'wide variety of types of propcllants so that the one best uited for each individual applica ion can be used in most cases, ·laving this choice, the firm's en gineers can obtain the highest possible possible .performance with the least .otal weight. This is a key 'factor n products of this type, an offi cial of the plant said. The corporate chatter of the new firm calls for a capitalization of ·$! million, with an initial issue of $2tW,000 in Stock, of which !24G,500 will 1 be offered on public sale, and the balance purchased jy the officers, directors and promoters. promoters. The officials have planned a se ries'of meetings to acquaint prospective prospective investors with the company. company. The first two meetings jave been scheduled for next Monday Monday and Thursday 'at the 'Wood River Moose Lodge hall.iEdwards- ville road and Central avenue, starting at 7130 pan. Officers and directors of the firm will Ise on hand at the meetings to discuss corporation and the stock offering. Vat those! Tunable to attend the meetings, stock offering circulars are available by mail .upon request, request, a spokesman-explained. P

Clipped from
  1. The Edwardsville Intelligencer,
  2. 13 Apr 1957, Sat,
  3. Page 2

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