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Mon, October 18, 2010
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Thu, October 14, 2010
Wed, October 13, 2010 
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISTRIBUTION IN THE UNITED STATES/
CALGARY, Oct. 13 /CNW/ - RS Technologies Inc. ("RS") (RS - TSX), a technology innovator and manufacturer of advanced composite products for infrastructure markets, today announced that, further to its news release of October 12, 2010, RS intends to issue an aggregate of 888,423,233 common shares of RS on October 20, 2010 to satisfy its obligation to repay all of the $10 million principal amount of 15 percent secured redeemable convertible debentures of RS due on October 20, 2010 and the accrued and unpaid interest thereon. Completion of the private placement of the common shares is subject to certain conditions, including approval of the Toronto Stock Exchange.
The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.
About RS
RS is an ISO 9001:2008 certified technology innovator that develops advanced composite material products for infrastructure markets. The composite products manufactured using the company's proprietary resins and processes are typically lighter, more durable and longer-lasting than competing products made from the traditional building blocks of wood, steel or concrete. RS's flagship product is its award-winning RStandard(R) composite pole. The pole is used as transmission and distribution poles to carry electric grids and as communication structures for various uses including wireless networks and microwave communications systems.
For the latest on RS's developments, go to the company's website at [ www.grouprsi.com ].
"RStandard" is a registered trademark of RS.
Certain information set forth in this news release, including management's assessment of RS's future plans and operations and the issuance of common shares of RS on October 20, 2010 to satisfy all of the principal amount of the of 15% secured redeemable convertible debentures of RS due on October 20, 2010 and accrued and unpaid interest thereon, contains forward-looking statements which are based on RS's current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as "expects", "anticipates", "believes", "projects", "plans" and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause RS's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, RS not satisfying conditions to the completion of the private placement including obtaining approval of the Toronto Stock Exchange, RS not securing additional funds for its working capital needs to continue as a going concern past the end of October 2010, RS's lack of revenues and unpredictability of future revenues; the uncertainty of the profitability of existing and contemplated products of RS; RS's ability to raise capital on acceptable terms when needed; RS's ability to attract and retain key employees; competition from established competitors with greater resources; the uncertainty of the developing markets in which RS operates; the risks associated with rapidly changing technology; RS's reliance on third parties to supply raw materials and the cost of such raw materials; intellectual property risks, foreign exchange rate fluctuations and changes in general economic, market and business conditions. Many of these risks and uncertainties are described in RS's annual information form for the year ended December 31, 2009 and other documents RS files with the Canadian securities authorities. The forward-looking statements are made as of the date hereof and RS assumes no obligation to update or revise such statements to reflect new events or circumstances except as required by applicable securities laws.
