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The company raised $5.5 million through the sale of 73,333 shares of a newly designated Series B Preferred Stock via a private placement with a major investor. The transaction closed on Oct. 9, 2000. The proceeds from the sale were used to retire trade debt and strengthen working capital in preparation for the busy pre-holiday manufacturing season."This major cash infusion comes at an opportune time for Karts International -- with our biggest annual sales period right around the corner," said Chairman Blair benGerald. "The retirement of debt and additional working capital will allow us to ramp up our production to meet the high demand expected during the year 2000 holiday gift-giving season."

First, you must state specifically to the truck manufacturer or trailer builder what loads are to be carried, and have some idea on load distribution, type of operations--such as a city operation with plenty of stop and go driving, terrain-- such as mountainous or level, climate, trade policy and expected annual mileage. In short, you must be specific as to the truck''s job application.The truck and the trailer builder design the braking system based on axle loading. Overloaded vehicles will not comply with government standards, nor will they be in proper balance. To ensure the brake lining is not overrated for the loads that the axles will carry, you should specify a specific gross axle weight rating (GAWR) for their axles.Secondly, you must ensure that the brakes on the powered vehicle are compatible with the brakes on the trailer. This applies to foundation brakes and friction materials, to air transmission times and to proper piping and valves. Trends in air brake systems

Though light in weight, Airbor magnetic drill has a powerful 1.6-hp air motor and 1,600-lb magnetic holding strength. With its extra rack, stroke length is extended to 10 1/4 in. Annular cutter capacity is up to 2 1/16 in. diam. Geared chuck adapter converts the unit to a standard drill press. The Slugger Air Force pneumatic drill, at 24 lbs, 6 1/4" high, is useful for confined area drilling. The drill''s features include a permanent magnet that turns on or off by air power, a cutter capacity of up to 1 1/16" diameter x 3/4" depth and the ability to use ShortSlugger cutters and frame cutters. These cutters'' geometry allows the operator to drill multi-layered truck frames in a single pass.

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