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35

R.E.D. Stamp Inc.

Cigarette-tax stamping machines
Company Details
Location: Byron Center, MI
Founders: Bruce DeBoer, 40, Jim Rabourn, 44, Robert Emaus, 45
Year Started: October 1998
Initial Investment: $60K

Turned a Profit: 2002
First Million: 2005

2002 Sales: $100K
2006 Sales: $8.1M

Number of Employees:
Day 1: 3
2006: 30
2007: 40*

* Projected by 2008
Company Background
The company was founded in October 1998. All high school graduates, Bruce DeBoer Jim Rabourn and Robert Emaus worked together for a wholesale grocer prior to founding R.E.D. Stamp. At the time there was only one company in the U.S. that specialized in cigarette tax stamping, so DeBoer believed he could improve the stamp. According to the founders, surrounding themselves with the right people, sacrifice and a little luck have factored into the company's success.
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