Hi Rudy here is one for ya.
Thursday March 23, 1:36 pm Eastern Time
Company Press Release
AQCI Says First Quarter Sales Will Substantially
Exceed Company's Expectations
VERNON, British Columbia--(BUSINESS WIRE)--March 23, 2000-- Aquatic
Cellulose(OTC Bulletin Board:AQCI - news)
Gary Ackles, AQCI President and CEO., responding to an interviewer's question at the Global Opportunities for Business and
Environment convention in Vancouver, BC stated, ``I was surprised by the strength of the sales from the Amazonian harvested
hardwoods. Our first quarter sales will substantially exceed the company's expectations. Yet candidly, I am even more excited
by the many positive events that have recently unfolded and are continuing to unfold not only at the Brazilian project but in other
places.' Mr Ackles at another scheduled formal meeting with major media and business' representatives stated the following:
``For AQCI, this year promises to be the most exciting year yet. AQCI's objective for the year is four folds. First, to continue
the expansion of our Brazilian project. Second, to establish new markets for our lumber, especially our exotic and rare species.
Third, to grow our company more rapidly through acquisitions and/or joint venture relationships. Fourth, to expand our
International operations to a third Continent to further elevate global awareness of our company for more rapid revenue
growth.'
When asked to comment upon the location of the company's ``third Continent' project and if the company was in current
discussions with anyone as to joint ventures or acquisitions, Mr. Ackles responded; ``There are a number of announcements
schedules by the company next week and the following week, specific to our efforts and successes in relation to testing,
analysis, retrieval, harvesting, marketing and sales following which your question as to location of the next project shall be
addressed.'
About the Company
Aquatic Cellulose International Corp. is a growth stage, technology based company, that is retrieving what was once
considered a lost natural resource. That resource is aquatic timber. Since 1996, the company has invested more than $US
1,000,000 into the research and development of a patented robotic technology for cutting and retrieving such timber. This new
method dramatically increases production efficiencies to the point that large scale harvesting operations are now commercially
viable. As a result, Aquatic Cellulose is positioned at the extreme forefront and will become the first global corporation in an
emerging industry worth untold billions in untapped timber reserves. In November of 1999, the company began its first such
large scale operation beneath the Tucurui reservoir in northern Brasil. Estimated at over $US 600,000,000. This multi-phase
project is expected to take up to twenty years to complete.
In February of 2000, ACIC debuted 'THE AMAZON LINE' at the annual National Association of Music Merchandisers
(N.A.M.M.) Convention in Los Angeles. 'THE AMAZON LINE' is a unique product line of exotic tropical hardwood which
are being marketed to a wide range of high end industries from musical instruments to fine furniture to precious works of art.
The company has secured the Internet domain name www.amazonline.com and is in the process of building this web site for
e-commerce.
For more information about this fascinating company, please visit our new web site at www.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.
Contact:
Aquatic Cellulose International Corp.
Mr. Gary Ackles, 250/558-5410
Website: www.aquaticcellulose.com |
