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The Bitterroot Composite Lumber Company of Montana is selling shares

December 11, 2007 /

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Bear Paw Development Corporation is a private non-profit organization created for the purpose of administering programs to help improve regional economic conditions in Hill, Blaine, Liberty, Chouteau and Phillips Counties and the Fort Belknap and Rocky Boy's Indian Reservations.

The Bitterroot Composite Lumber Company http://montanadex.com/index.html , a locally owned corporation, announced the sale of $500,000 in public stock last week.

BCLC will establish an extrusion plant in Darby that will combine wood fiber from small-diameter timber and wood waste with recycled plastic to make durable outdoor decking. The company will market its product regionally under the name Montanadex. Co-owners John Schneeberger and Corrine Gantt hope the plant will be up and running by November 2008.

“We think it’s a good investment,” Schneeberger said. “It is a start-up company, and start-up companies have a lot of risk, but we think we’ve gone the extra mile to mitigate the risk as much as we possibly can.”

A minimum investment of $2,000 will buy investors 6,000 shares at 33 cents apiece.

All who are interested in buying stock in BCLC and becoming part of the business can come to a presentation that will be held every Monday at the Carriage House in Hamilton located at 310 N. Fourth St. The presentations will begin Dec. 17, will take a two-week break for the holidays, and will resume Jan. 7.

by KRISTIN KNIGHT – Ravalli Republic

Full Story: http://www.ravallirepublic.com/articles/2007/12/11/news/news02.txt