FUEL CELLS 1999's Hottest Sector Message Board

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Technology Stocks : FUEL CELLS 1999's Hottest Sector

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To: Dr. Harvey who started this subject	1/13/2001 8:53:44 AM
From: vestor	of 171

President's New Year Message Energy Ventures Inc. In spite of the tech stocks melt down and the usual activity in our stock, things are actually going very well for EVI and we are very optimistic about 2001. We are in the midst of a very aggressive planned expansion that has seen a separation of the Fuel Cell and Battery businesses into two divisions and we will be making announcements shortly about the new facility that we are setting up for the Fuel Cell side. We are putting out an announcement about the involvement of Dr. Phil Whiting, particularly on the Fuel Cell side. Mr. Dave Trudel has been made President of the Battery division that will stay in our lab in Ottawa and he is expecting to be sending out consumer samples of our Nickel Zinc battery off our pilot line by mid 2001. It is ironic that we designed our fuel cell technology to solve the problems of fueling infrastructure that will face Hydrogen and to reduce the overall cost and complexity, before the market was aware that these problems existed. Now that the market has become very concerned about these problems, Fuel Cell stocks have had a major drop. Clearly it is not understood that the breakthrough that we announced more than a year ago has not been understood to have solved these issues as we fuel directly with Methanol which is readily available today. That means that we are in a position to market fuel cells as soon as we can get through the development phase which we think is 18 months to two years while the rest of the industry will have to wait for many years to resolve the fueling problems of Hydrogen. We have tried to explain these advantages in lay terms but the average investor has no real understanding of the technical issues and needs some credible third party scientists to endorse a particular technology to be comfortable. We have had a number of well known scientists and scientific organizations that are household names look at our program with great enthusiasm and we have set up several strategic alliances with the ones that we feel can best assist us in completing the development. We will be announcing the initial players starting next week and there are already proposals in the hands of counsel for $4,500,000 that will be contributed by these alliances as part of the financing that we are forecasting to finish by the end of March. We look forward to providing you with a lot of very positive news during the next few months. Wayne Hartford President, Energy Ventures Inc.

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