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Non-Tech : $2 or higher gas - Can ethanol make a comeback?
DAR 37.58+0.1%Jan 6 3:59 PM EST

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From: richardred4/8/2006 12:55:02 AM
   of 2801
 
NetCo To Purchase Innovative Technology To Produce Ethanol - Quick Facts

Friday, April 07, 2006; Posted: 06:56 PM


(RTTNews) - NetCo Investments Inc. (NIVS.OB) said Friday that it has agreed to acquire all the assets, including patents of Syntec Biofuel Inc., a Canadian, scientific research company, located in British Columbia, who has developed and patented a Catalyst to convert Syngas into Ethanol.

The company has agreed to issue 15.7 million shares in exchange for 100% of the Syntec Assets and will assume the liabilities. The purchase of the Assets is subject to NetCo shareholders' approval at their Annual General Meeting in May.

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