(COMTEX) B: TROOPER TECHNOLOGIES INC - Thermo Tech Reaches a Legal Se
B: TROOPER TECHNOLOGIES INC - Thermo Tech Reaches a Legal Settlement with
Trooper
Vancouver, BC, Nov. 13, 2000 (Market News Publishing via COMTEX) -- Thermo
Tech(TM) Technologies Inc. (the "Company") is pleased to announce the conclusion
of the legal dispute between Thermo Tech(TM) Technologies Inc. and its wholly
owned subsidiary, Thermo Tech(TM) Waste Systems Inc. ("Thermo Tech(TM)"), and
Trooper Technologies Inc. and their subsidiary, International Eco-Waste Systems,
S.A. ("Trooper").
The parties have agreed to mutual releases in respect to the legal actions
between them and to the return to Thermo Tech(TM) of all drawings and documents
held by Trooper. These releases include all employees, officers and directors,
past or present of the companies. In recognition of these releases and the
conclusion of legal disputes and claims between the Company and Trooper, Thermo
Tech has paid to Trooper CDN$500,000 by way of a settlement. The release and
settlement agreement specifically conclude all outstanding issues related to
Supreme Court of British Columbia, New Vancouver Registry Action No. C976669 and
SCBC Vancouver Registry No. C982650.
Thermo Tech(TM) Technologies Inc. is a leader in organic waste recycling. Thermo
Tech(TM)'s patented thermophilic process is utilized in compact and
environmentally friendly Thermo Master(TM) plants to convert biodegradable food
waste into high protein animal feed and wastewater treatment sludges into
fertilizer concentrate.
Certain statements contained herein are "forward looking statements" (as such
term is defined in the Private Securities Litigation Reform Act of 1995). These
statements are based upon the belief of the Company's management, as well as
assumptions made beyond information currently available to the Company's
management. Because such "forward looking statements" are subject to risks and
uncertainties, actual results may differ materially from those expressed or
implied. Such "forward looking statements" include but are not limited to,
competitive factors, general economic condition, customer relations,
relationships with vendors, government supervision and regulation, product
introductions and acceptance, technological changes in industry practices, and
other factors discussed in filings made by the Company with the Securities and
Exchange Commission.
(TM) The terms Thermo Tech(TM) and Thermo Master(TM) are registered trademarks
of Thermo Tech(TM) Technologies Inc. The term Thermo Master(TM) is licensed for
use by Hamilton Bio Conversion Inc., and Richmond Bio Conversion Inc.
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TEL: (905) 451-5522 Thermo Tech(TM) Technologies Inc.
TEL: (905) 451-5522 Thermo Tech(TM) Technologies Inc
Ed Kroeker, Chairman and CEO
Internet: www.ttrif.com
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