First American Scientific Corp., a fully reporting Company listed and trading under the symbol ''FASC'' OTC-BB, NASD, is
pleased to announce the Company has submitted the June 30th, 1999 fiscal year-end audit 10K and filed quarter ended
September 30, 1999, 10Q with Edgar and the SEC. These filings fulfill the reporting periods required by the SEC for the year
ending June 30th, 1999.
Gary Burnie, President of First American Scientific Corp., is pleased to announce the appointment of C.L. Kantonen, CGA as
Chief Executive Officer of First American Scientific Corp. effective December 10, 1999. Mr. Kantonen, a professionally
trained accountant, brings 24 years experience as a financial consultant and business restructuring specialist to the Company.
His first task, already successfully completed, was to finalize the negotiations to acquire complete patent rights to the KDS
technology in the United States, Canada, Australia, Mexico, New Zealand and Europe. His next challenge will be to recapture
and revitalize existing idle plant and equipment and return it to profitable operation. Thirdly, he will initiate a renewed sales and
marketing program for the KDS disintegrator that focuses on proven uses for the equipment, and finally, he will oversee the
continuing development of VideoMovieHouse.com internet technology.
Extracting Gold Through KDS Technology
Management is very pleased to announce that the processing of gold-bearing ore through the KDS Machine at Tunasket,
Washington was a dramatic success. A 389 pound sample of ore was delivered from a mining property in Nevada and was run
through the KDS machine. The sample took less than 10 minutes to process from quartz rock to a fine talcum-like powder.
The material separated from the end product was collected and removed to determine precious metal content. A simple
panning process resulted in the visual evidence of the presence of gold. Based on these encouraging findings from this
unstructured test the Company is planning controlled, structured tests with large volumes of the material by an independent
qualified agency, to determine the percentage of gold that can be extracted from the gold-bearing material.
In addition the company plans to locate a machine at an appropriate site in the Vancouver, British Columbia area, in order to
facilitate a program of on-going testing, training and quality control. The KDS machine's proven ability to process such
materials as rubber from used tires, drywall, gypsum, woodchips, mushroom manure, bio-solid wastes will be scrutinized
on-site to accurately assess commercial viability.
CERTAIN INFORMATION AND STATEMENTS INCLUDED IN THIS RELEASE CONSTITUTE FORWARD
LOOKING STATEMENTS WITHIN THE MEANING OF FEDERAL PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995
On behalf of the Board
Gary Burnie
President
SOURCE: First American Scientific Corp. |
