Aquatic Cellulose Updates from Brazil
VERNON, British Columbia, Jan 5, 2000 (BUSINESS WIRE) --
AquaticCellInt(OTC Bulletin Board:AQCI)
Aquatic Cellulose International Corp., is pleased to report the
successful harvesting operation of the ATH-60 harvester in Brazil.
Based on the amount of wood presently being harvested, the Company
forecasts approximate revenues of $200,000 for the first quarter of
2000, not including the dimensional lumber revenues which could
potentially triple that projection once in line.
Over a dozen species of wood have been harvested by the team ranging in
price from $40 per m3 to $500 per m3 on the world market and trees as
large as 10 m3 per tree. Despite some minor local delays the management
expects the operation to reach peak production within 60 days.
President Gary Ackles stated, "The recent demonstrations against the
World Trade Organization have focussed world attention on the needs of
the environment and the 'worlds labour force'. Aquatic Cellulose is
very proud of the fact that future harvesters will mean more et for the
local community in an environmentally friendly business. We are
operating in a part of the world where local workers are not accustomed
to our levels of efficiency, and the education process is taking more
time than expected. We are currently harvesting at between 50-60% of
our potential, and these rates are increasing daily." Mr. Ackles
continued, "a second harvester in that area will allow us to more than
double the recovery rates." About the company
Aquatic Cellulose International Corp. is a company created for the
purpose of acquiring rights to harvest and recover inundated and
salvage timber. A unique patented robotic system created by Gary
Ackles, and licensed to Aquatic Cellulose International Corp. for use
in the forest industry, can reach down to the depths and retrieve this
valuable lost resource. Aquatic Cellulose is proud of the fact that
every tree that is recovered from the depths is one less tree that
needs to be recovered from the forest. It is interesting to note that
there are 38,000 dams and waterways around the world that are potential
recovery sites for our exclusive robotic recovery system. For more
exciting information please visit our new website at
aquaticcellulose.com and join our growing e-mail list.
This press release contains statements that constitute forward
statements, as defined in the Private Securities Litigation Reform Act
of 1995. Forward looking statements inherently involve risks and
uncertainties that could cause actual results to differ materially from
the forward-looking statements. Factors that may cause or contribute to
such differences include, among other things, the Company's dependence
on one customer, seasonality of the Company's retrieval business and
risk of future losses from operations. Other risks and uncertainties
include changes in business conditions and the economy in general,
changes in governmental regulations, unforeseen litigation and other
risk factors identified. The Company undertakes no obligation to update
these forward-looking statements for revisions or changes after the
date of this press release.
The NASD OTC has neither approved nor disapproved of the information
contained herein
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CONTACT: Mensch Communications Inc.
Investor Relations, Toll Free: 1-877-788-1940
619/824-0452 (FAX)
Email: mensch@investmentpr.com
or
Aquatic Cellulose International Corp.
Mr. Gary Ackles, 250/ 558-5410
can_do@mindlink.bc.com
www.aquaticcellulose.com
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