Alternative Fuel Systems ATF:VSE Message Board

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Gold/Mining/Energy : Alternative Fuel Systems ATF:VSE

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To: Gary H who wrote (3282)	7/6/1999 3:52:00 PM
From: Jim Bishop	Read Replies (1) of 4605

NEWS a PP at $1.17!!!! Hmmm, down we go again?? CALGARY, July 6 /CNW/ - Alternative Fuel Systems Inc., (''the Company'') announced today a private placement of 70,000 Common Shares at a price of $1.17 (Cdn.) per share for total proceeds of $81,900 (Cdn.) subject to regulatory approval. The proceeds realized from the private placement will be used by the Company to finance the on-going marketing activities as well as to provide for working capital. Alternative Fuel Systems Inc., designs, develops and markets conversion systems which permit diesel and gasoline engines to operate on compressed natural gas. ON BEHALF OF THE BOARD OF DIRECTORS Gerhard O. Klopp President The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this News Release. %SEDAR: 00003847E -0- 07/06/1999 For further information: Gerhard O. Klopp, President, Telephone: (403) 262-1833, Fax: (403) 237-7441

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