409 Granville Street Suite 1003 Vancouver, British Columbia V6C 1V5 (Address of principal executive offices, including postal code.) (604) 681-8656 (Registrant's telephone number, including area code)
FIRST AMERICAN SCIENTIFIC CORP. (the "Company") is a Company formed under the laws of the State of Nevada on April 12, 1995. Initially the purpose of the Company was to promote an exclusive license to develop, market, distribute, manufacture, and sell equipment, technology, products, and services worldwide, using the Kinetic Disintegration System (KDS), a highly refined micronizing process using standing sound waves and kinetic energy technology. The purpose of the technology was to use it in the areas of disintegrating of industrial minerals such as gypsum, phosphates, sulfates, nitrates, as well as in other applications for rubber, and sludge. The Company also acquired the world wide rights to develop, market, and distribute the KDS for micronizing any and all products.
The Company feels there is a need for a fine grind soil amendment products, especially gypsum, limestone, and sulphur. As the KDS machines produce a very fine grind finished product, it passes through the sprinkler systems without clogging and allows for an automated distribution of these products over a wide area. These products are used as soil additives because of the acid level in the water in the San Joaquin valley. The Company anticipates that it can produce 5-6 tons of finished product per hour per machine. Because of losses incurred in the start up of the plant, any tax liability will be nil. The Company is pursuing a joint venture agreement whereby it can more effectively operate the Bakersfield plant.
Jack Lovelock - Chairman of the Board of Directors and Chief Executive Officer. Mr. Lovelock was a private consultant to financial and corporate entities prior to joining the Board of Directors of the Company. Since July 15, 1995 Jack E. Lovelock has been Chairman of the Board of Directors and Chief Executive Officer of the Company and President since January 1998. From August 1, 1991 to August 1994, Mr. Lovelock 36 was a director of TMM, Inc, a electronic publishing firm located in Thousand Oaks, California and from March 1991 to October 15, 1994, Mr. Lovelock was Chairman of the Board of Directors and Chief Executive Officer of Total Multimedia (Canada) Ltd. Total Multimedia (Canada) Ltd was located in Vancouver, British Columbia and engaged in the business of electronic publishing. From June 1987 to June 1989, Mr. Lovelock was President of Roddy Resources Inc, a corporation whose securities were listed for trading on the Toronto Stock Exchange. Roddy Resources Inc. was engaged in the business of mining. Prior to this, Mr. Lovelock was Director, Business Development - Bell Canada and Director, Corporate Planning & Acquisitions, Tele-Direct (Yellow Pages). Robert G. Dinning - Chief Financial Officer and Secretary Since April 5, 1996, Mr. Dinning has been Chief Financial Officer and Secretary of the Company. Since 1977, Mr Dinning has been a business consultant providing management and financial advice to a wide range of clients, including those engaged in mining and forestry, and the hospitality and leisure industry. Prior to 1977, Mr. Dinning was Vice President - Finance and Secretary of Western Broadcasting Ltd, one of the largest public broadcasting companies in Canada. Mr. Dinning is a Chartered Accountant. David Annett died suddenly in February 1999. Richard Camuso resigned as President and a member of the Board of Directors of the Company on January 1, 1998. Indemnification of Officers and Directors The Nevada Revised Statues
Name and address Number of Percent of owner Shares Position of Class Jack E. Lovelock 3,750,000 Chairman of Board 6.82% 1906 Nelson Street of Directors and Vancouver, B.C. President Canada V6G 1N2 Robert G. Dinning 250,000 Chief Financial 0.46% 3910 Indian River Drive Officer and Secretary North Vancouver, B.C Canada V7G 2G7 All officers and directors as a group (2) 4,000,000 7.28%
THE GREEN LEAF FIBRE COMPANY, LTD. (GLF), a company duly incorporated In Northern Ireland, and having its head offices at 17 Hallynabraggett Road, Waringstown, Co Armagh, Northern Ireland.
FASC has filed a Patent application with the U.S. Patent Office dealing with the technology known as the Kinetic Disintegration System (KDS) (The Technology) and WHEREAS GLF is interested in conducting research mad development on the commercial viability of the Technology as it relates to the disintegration of rubber and related rubber products (herein called the Application), FASC and GLF agree that FASC will grant a licensing agreement to GLF and such licensing agreement will contain the following terms and conditions: 1. On the terms mad conditions herein contained, FASC licenses to GLF for the territory of U.K. the Application for the use of GLF to conduct a research made development program (the Program) to analyze the performance of the KDS machine. 2. GLF is solely responsible for all costs and expenses, within the U.K., of the Program. 3. FASC makes no representations or warranties as is to the success of the Program. 4. GLF is solely responsible for the cost of transportation of the KDS machine to the U.K. and is solely responsible for any modifications deemed not necessary during the Research Program. 5. GLF agrees that it is responsible for the in installation of suitable hydraulic and electronic components to enable full functionality to U.K. standards. The Parties agree that GLF will undertake to extract an understanding of the KDS process by permitting the following academic and government bodies to research facilities: - Queens University Belfast - University Of Ulster - Manufacturing Technology Partnership - Industrial Research on Technology Unit
FASC has filed a Patent application with the U.S. Patent Office dealing with the technology known as the Kinetic Disintegration System (KDS) (The Technology) and WHEREAS GLF is interested in conducting research mad development on the commercial viability of the Technology as it relates to the disintegration of rubber and related rubber products (herein called the Application), FASC and GLF agree that FASC will grant a licensing agreement to GLF and such licensing agreement will contain the following terms and conditions: 1. On the terms mad conditions herein contained, FASC licenses to GLF for the territory of U.K. the Application for the use of GLF to conduct a research made development program (the Program) to analyze the performance of the KDS machine. 2. GLF is solely responsible for all costs and expenses, within the U.K., of the Program. 3. FASC makes no representations or warranties as is to the success of the Program. 4. GLF is solely responsible for the cost of transportation of the KDS machine to the U.K. and is solely responsible for any modifications deemed not necessary during the Research Program. 5. GLF agrees that it is responsible for the in installation of suitable hydraulic and electronic components to enable full functionality to U.K. standards. The Parties agree that GLF will undertake to extract an understanding of the KDS process by permitting the following academic and government bodies to research facilities: - Queens University Belfast - University Of Ulster - Manufacturing Technology Partnership - Industrial Research on Technology Unit 49 6. GLF will endeavor to brief FASC on a regular basis on the progress of the Program and to make available the results of the Program. 7. In event at GLF satisfied with the conclusion of the Program, FASC, agrees to extend the license to permit GLF to continue the Program towards achieving commercial viability (the Operation). If GLF FASC are satisfied with the the projected viability then both parties will enter into a Joint Venture Agreement to manage the ongoing Operation. 8. FASC and GLF agree on the following objectives and management of the Joint Venture Company: 1. In the event that GLF does not feel that the Operation is commercially viable; FASC and GLF cannot mutually agree to the terms of the Joint Venture Agreement; and GLF breaches any agreement with FASC, then GLF will forthwith, upon receiving a demand from FASC , return the KDS machine to FASC at the expense of GLF. 2. In the event the process is deemed to be commercially viable in the rubber industry a Venture Company (JVC) will be set up to operate, manage, and/or grant licenses to businesses within the geographical boundaries of Europe. 3. FASC agrees to give rights (license) to the JVC for any enhanced technology developed as a result this program or from any other program undertaken by FASC as applied to the rubber and rubber related industry. 4. FASC will register the enhanced technology as it applies to the new process. 5. The structure, management ad jurisdiction of the Joint Venture Company will be subject to a separate agreement which will include the following: A. The Company will be a new special purpose Company. B. FASC will subscribe for 55% of the Share Capital and GLF will subscribe for 45% of Share Capital. C. The Management team and their expenses will form part of the admin budget. 6. Should the process not be commercially viable in rubber industry, FASC will on mutually satisfactory terms, provide GLF with a license for other applications. In any event, GLF will be given consideration on a right of first refusal basis, on any application for the territory of the U.K. and continental Europe. 50 7. It is agreed that both parties are entitled to enforce by specific performance, injunction or any other equitable remedy its respective rights. 8. This Agreement shall be interpreted in accordance with the laws of the Province of British Columbia and the laws of Canada. Agreed to this 17th day of September, 1998, as witnessed the signatures below. First American Scientific Green Leaf Fibre Company Ltd. /s/ Jack E. Lovelock /s/ illegible
Pour qua I no finda telly # on BT web server? Maybe they smoka the greenleaf and they can't sign their name and hate phones. The grantgivers are about 6 months behind updating thar websites.
Fasc updated their site today. More to do.
Curious the Feb 99 PR is gone.
Newbies Jack and Rob are no longer CEO and CFO. |
