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Executive Summary

Panel Tech Industries, LLC

7200 Harcourt Crossing, Fort Mill, South Carolina 29715

(704) 968-1173        

Email: cfibers@hotmail.com












The firm will create 10 manufacturing sites for the production of building panels for the construction of low cost housing.  The panels, four feet by eight foot by Ύ inches to 3 inches are made from wheat straw, a renewable crop that saves the cutting of ten million trees each year.   We also  have the technology to  utilize waste  or water logged building profiles  like two by fours, four foot by eight foot sheets of plywood and recycle them into  new  composite construction materials.


We seek the amount of 1.1 billion dollars to complete our goal of producing 21,621 homes in the 2007 – 2011 year for the folks who lost their homes in Louisiana, Mississippi  due to Hurricane Katrina.  The firm will need ninety days to ramp up production.


 Our product is toxic free offering our employees a safe work environment rather than working with toxic formaldehyde binders as utilized in tree based production.


Our raw material cost (wheat straw) is half the cost of wood  particle board.  Thus, we can construct low cost homes for groups such as Habitat for Humanity at a cost of seven thousand dollars less per home than a wood based home.   These homes are 1200 square foot in size.


Our raw material, wheat straw, purchased from local farmers will supplement their farm income, in some cases be the deciding factor to profitability.  Currently, only nine percent of the nation’s wheat straw is sold into the market.  Farmers have the option of plowing the straw back into their fields, an added cost in the production of wheat or burning the straw in the fields adding to the pollution problem.


The project will build a total of 21,621 homes in a forty-eight month period of time being 2,162 homes per  manufacturing site.  We have the technology to build interior and exterior walls, flooring and roof sheeting for each home. We will donate the homes to Habitat for Humanity, the second largest builder in the United States, for their construction at the home sites.



We also have the technology to recycle destroyed wood building products from the hurricane,  sanitize the fibers and build composite kitchen cabinets and  bath vanities.  The cabinets are then painted or plastic coated based on the homeowners’ preference.


Estimated Direct & Indirect Jobs Created: Each site will employee 220 persons or 2200 persons for all ten sites.    Each site will create 105 indirect jobs or a combined indirect jobs of 1050 for all ten sites.


Thomas Kovalchek, George Tyson and Frank Stilley will lead a team of seven engineers in the development of the wheat straw project.  Each individual has over twenty years in the production of fiber/ panel board business. Kovalchek started out in the sugar cane industry utilizing sugar cane fibers in the production of composite shipping pallets and deck boards.


Tyson worked with wheat straw fibers and recycled plastic in the production of fence post with a 50 year life cycle. He is the holder of three patents in the processing of fibers by the steam exploding method.


Tyson and Kovalchek have a combined 47 years experience in the home building industry with home construction in Wisconsin and Florida.


Frank Stilley has 30 years in the particleboard business selling panels to the furniture grade.



Lee Kunes, Founder of EarthWorks Int’l, a private investment and economic development company dedicated to the environment industry will head the start-up of  each  panel board site and its efficient production of homes, on time, quality construction and on budget.

Highly experienced in the development of new companies, creating and sourcing business opportunities and in developing projects. 



Allocation of Funds by Item:


Manufacturing equipment,  Land and Buildings……….$300,000,000.


Donations of Modular Homes:  unit cost of $37,000

                                                VALUE                           UNITS

          Year One             $   50,000,000                          1,350

          Year Two              $ 300,000,000                      8,110

          Year Three           $ 300,000,000                          8,110

          Year Four             $ 150,000,000                          4,051

Grand Total                    $800,000,000                         21,621





Phase One: 1ST  Quarter                           $145,000,000

          Included is feasibility study by The Rutland Group

          Engineering study by The Etruscan Group


Phase Two:   2nd Quarter                           100,000,000

Phase Three:  3rd   Quarter                                     20,000,000

Phase Four:  4th  Quarter                             35,000,000


1st Year Total…………………………………………..$300,000,000      


Phase Five:  2nd Year Total…………………………………………..$400,000,000


Phase  Six:  3rd Year Total  …………………$400,000,000


Total Project Cost……………………………………  $1,100,000,000



Merits of the Project



With the desired funding, the firm will build  21,621 new homes in an area that needs more than 65,000 homes right now.


The project will employee 2200 in the manufacturing of low cost homes and an additional 1,050  as indirect jobs.


Project will save the cutting of trees and farmers receive additional revenue if they sell their wheat straw rather than plow it under.    Trees not cut will clean the air.


Wheat straw panels are stronger than tree based fiber panels as tested  by Washington State University, Wood Materials and Engineering Laboratory.


Project is sustainable for forty years in that we can also sell wheat straw panels to the furniture trade thus generating funds to build additional low cost housing.  Creating jobs on the farms eliminates the reason for young people to leave their home area to seek work.