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AQCI to Increase Amazonian Production
Capabilities By 40%
Tue Mar 28 16:20:00 EST 2000
VERNON, B.C., Mar 28, 2000 (BUSINESS WIRE) -- Aquatic Cellulose International
Corp. (OTCBB:AQCI) places into service two specialized recovery equipped barges
to help meet demand. AQCI has introduced to its Amazonian project site these two
technically equipped water-born recovery vehicles to assist its existing
recovery vehicles to substantially increase production.
Gary Ackles, President and CEO of AQCI stated, "I have spoken with Victor Lima,
project coordinator and Sheridan Westgarde, Technical Coordinator for Robotics
and Technology at AQCI's Amazonian project control center. Mr Lima informed me
that the two additional recovery vehicles 'The Hunter' and the 'Rio Torres'
(River Bull), are on the water and in production. Mr. Lima also informed me that
based upon the performance of the newly introduced recovery vehicles, he is
projecting a very substantial increase of AQCI's Amazonian production from both
traditional harvesting methods for high grade rare exotics as well as our
robotically recovered production capabilities. Mr. Lima conservatively estimated
an increase in AQCI's dual harvesting capabilities by 40%."
Mr. Ackles concluded his announcement by stating: "During the past quarter,
AQCI's technology and know how have been tested under extreme conditions and
proven successful. Our achievements and successful implementation of robotics
technology under Amazonian conditions have demonstrated AQCI's unequivocal
leadership in the application of this new technology and has resulted in
inquiries and numerous offers from maworld. AQCI is aggressively moving forward,
on multiple fronts in the expansion of both its production and sales
capabilities. The company shall make announcements specific to advancements in
both areas during the next days and weeks."
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. Gary Ackles, President and CEO of Aquatic
Cellulose International Corp., has developed and patented a unique robotic
technology for cutting and retrieving this timer and has granted exclusive
rights to Aquatic Cellulose for use in underwater logging. This new "diverless"
system, dramatically increases production capabilities to the point that large
scale harvesting operations are now commercially viable. As a result, Aquatic
Cellulose is positioned at the extreme forefront of 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
Amazon region in northern Brazil. 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.
Aquatic Cellulose is proud of the fact that every tree recovered from these
depths is, in essence, one less that needs to be cut from the rain forest. With
over 38,000 dams as potential sites for future operations, not to mention
countless lakes, rivers and tributaries, Aquatic Cellulose is forging a new age
of futuristic logging through superior technology and a strong commitment to
preserving natural resources and lives. 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, unforseen 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. |
