updated 3/9/2011 9:16:36 AM ET 2011-03-09T14:16:36

SAN MARCOS, Calif., March 9, 2011 (GLOBE NEWSWIRE) -- RMD Technologies, Inc. (Pink Sheets:RMDT), is pleased to announce that the Company has received an order for the delivery of five of its revolutionary new Utility Terrain Electric (UTE) vehicles. The vehicles will be offered as hourly rentals by a Las Vegas company for use by tourists on the Las Vegas "Strip".

The Las Vegas Strip is a four mile stretch of Las Vegas Boulevard in Clark County, Nevada. With a speed limit of 35 miles per hour, the Strip is ideally suited for travel in low speed vehicles. Most of "the Strip" has been designated an All-American Road, a National Scenic Byway that is a tourist destination unto itself. Many of the largest hotel, casino and resort properties in the world are located on the Las Vegas Strip.

The heavy duty components of the recently introduced "UTE" combined with nearly zero maintenance makes it the optimal choice for a rental vehicle. The UTE never needs tune-ups, oil changes or any of the other costly maintenance requirements as compared to its by gasoline powered counterparts. Moreover, the cost of charging the UTE is less than half the cost of buying fossil fuels. In Combination with the fact that the vehicles emits zero emissions, RMDT's UTE earned its selection as the premium Eco-friendly solution for this client, and is well equipped to serve any resort and tourist area's transportation needs and demands.

As recently announced, being manufactured with a robust ADC Motor, controller and transaxle combination, the Utility Terrain Electric, "UTE" has been designed for years of durable performance. The UTE is the first electric vehicle built using a high percentage of recycled materials, primarily recycled electronic waste. RMD Technologies continues to focus their resources on sourcing only the finest components available for its electric vehicle.

"We are thrilled to be chosen for this project. The delivery of these vehicles will be an excellent opportunity to get our product into the public eye," stated Patrick Galliher, CEO of RMD Technologies, Inc. He continued: "Based on the amount of exposure the UTE will get on the Strip, we expect to receive interest from resorts and other potential clients."

RMD Technologies, Inc. has designed its vehicles to qualify for all federal and state purchasing incentives, including the current federal tax credit available under the Energy Improvement and Extension Act of 2008.

About RMD Technologies, Inc.

RMD Technologies, Inc. is a California based business founded in 2001. Since inception, RMDT has provided electronics recycling services to businesses, state and federal agencies. In 2007 RMDT began the development of an alternative energy vehicle using a large percentage of materials recycled from electronic waste. The result is a small electric vehicle design that incorporates recycled materials, clean electric energy and solar power.

Forward-looking Statement

Notice: Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors including, but not limited to those set forth in the company's filings with the United States Securities and Exchange Commission (available at http://www.sec.gov/ ). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.

Please Visit Our Website for More Information at: www.RMDT.com

Investor Relations Contact: Michael Biddick at (760-356-2039)

CONTACT: Investor Relations:
         Michael Biddick
         (760-356-2039)
         www.RMDT.com

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 5.09%
$30K home equity loan FICO 5.19%
$75K home equity loan FICO 4.67%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.34%
13.32%
Cash Back Cards 17.82%
17.81%
Rewards Cards 17.07%
17.06%
Source: Bankrate.com