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Microcap & Penny Stocks : Green Oasis Environmental, Inc. (GRNO)
GRNO 0.00Feb 5 4:00 PM EST

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To: Ken Reidy who wrote ()1/7/1997 8:23:00 AM
From: Randy Giese   of 13091
 
I got this from Yahoo:

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CHARLESTON, S.C., Jan. 7 /PRNewswire/ -- Green Oasis
Environmental Inc today reported that it has received a purchase
order for four Model 600 EnviroEconomics(TM) processing units from
Midwest Fuel Refining, Inc. for a total of $7.2 million. These four units,
which cost $1.8 million each, are to be scheduled for delivery over
the next two years. In addition to the revenues generated by the sale
of the units, Green Oasis will receive an annual royalty of $.04 per
gallon of diesel fuel produced, or approximately $250,000 per unit, per
year, for 20 years. Other details were not disclosed.

William D. Carraway, president, stated that "We are gratified that this
long-time supporter of Green Oasis and one of the original distributors
of EnviroEconomics(TM) processing units has taken the opportunity
to position itself early by ordering processing units to take advantage
of Section 29 tax credits. John Kruse, president of Midwest Fuel
Refining, was one of our earliest investors, active in the
developmental stage of the company, and is very familiar with the
EnviroEconomics process and its economics."

Green Oasis Environmental, Inc.'s patent pending process produces
synthetic fuels from waste motor oil in a closed cycle, one-step
process. The company manufactures equipment for its own facility as
well as markets to others. SOURCE Green Oasis Environmental, Inc.

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