NetworkNewsBreaks – R-Three Technologies, Inc. (RRRT) Suspends Operations; Triggers Sell-off

R-Three Technologies (OTC: RRRT) shares are down more than 80% mid-morning after the company announced the temporary suspension of its operations. The suspension is pending funding, in either debt or equity financing, to implement the company’s business plan. The business plan is to produce a variety of products, such as interlocking asphalt bricks, using recycled asphalt shingles. “The company is attempting to secure a minimum of $200,000 in debt or equity financing. If we secure such level of funding, the Company will be in a position to continue to lay the foundation to implement our business plan. An additional $800,000 will be required to fully implement the business plan and establish operations. While we believe that this $1 million capital infusion will support our operations for the next year, a rollout of our products throughout Canada and the United States will require an additional $1 million in capital investment,” president and CEO Stan Kolaric stated in the news release.

To view the full press release, visit: http://nnw.fm/9ORtl

About R Three Technologies

R Three Technologies desires to help alleviate the global environmental crisis in waste management in a unique, proprietary way. By pursuing this goal and adhering to its business plan, the management believes the company can provide financial benefits to its shareholders, venture partners, employees and the communities in which it operates. For more information about the company, visit www.r3tinc.com.

About NetworkNewsBreak

NetworkNewsBreak (NNB) provides a rapid summary of corporate news that caught the attention of NetworkNewsWire (NNW). NNB keeps you up-to-date on active US Public Companies complementary to NNW’s broader scope as a provider of news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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