Wednesday June 10, 3:34 pm Eastern Time
Company Press Release
TMM Announces Stock Swap with ECC
CAMARILLO, Calif.--(BUSINESS WIRE)--June 10, 1998--TMM Inc. Wednesday
announced that it has entered into a memorandum of understanding to
acquire Emission Controls Corp. (ECC), a Nevada corporation, with
offices in Colorado.
ECC is the developer and patent holder for the Natural Resources Fuel
Reformer (NRFR) system, which delivers hydrocarbon-based fuels to the
internal combustion engine with its proprietary technology as to exhaust
near-zero toxic emissions and pollutants.
ECC has developed a system which breaks down the structure of
hydrocarbon fuels and produces a type of fuel that the engine can burn
cleanly and more efficiently. The product is designed as a retrofit for
autos that are non-compliant with the EPA emission standards and as a
replacement for virtually all emissions control systems, including
catalytic converters, on new cars.
TMM will begin marketing the NRFR systems for delivery in spring of
1999. The acquisition will be in the form of a stock-for-stock exchange.
TMM will provide its technology and multimedia background to build
on-line video training and instruction capabilities that will guide the
repair and retrofit process for the NRFR system worldwide.
ECC President Syd Cooke stated from the company offices in Colorado:
''We are excited about this association with TMM. Their technology
background will bring to the venture the ability to train and provide
at-work assistance to mechanics worldwide. One of the challenges of our
effort is to be able to provide instant instruction for retrofit
customers. With TMM's video technology and Internet expertise they are a
perfect fit for our marketing effort.''
During the transition period both companies will work out of
soon-to-be-announced office space located at the Lowry Air Force Base
Development Park in Denver.
TMM Chief Technology Officer, Tom Simpson, stated: ''The facility
available to us at the Lowry Development facilities are some of the best
in the nation. They have full multimedia production capabilities,
state-of-the-art conferencing facilities and distance-learning
classrooms.
''It provides us access to an infrastructure developed by the University
of Colorado, US West, Lucent Technologies and Echostar Satellite. The
ECC project will be a model of distance learning and worldwide video
database access capabilities. I am looking forward to working on this
project.''
Total MultiMedia is a leader in softvideo and multimedia products and is
traded publicly on NASD under the symbol TMMI.
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Contact:
TMM Inc., Camarillo
Tom Simpson, 805/444-1494
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