THERMAFREEZE INC. WINS BENCHMARK CHROMIUM/HYDROCARBON REMEDIATION CONTRACT IN THE UNITED KINGDOM BUSINESS EDITORS SPOKANE, WASH.--(BUSINESS WIRE)--JUNE 20, 2001--THERMAFREEZE INC.(TM) (OTCBB:THFZ) IS
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SPOKANE, Wash.--(BUSINESS WIRE)--June 20, 2001--ThermaFreeze
Inc.(TM) (OTCBB:THFZ.U) is pleased to announce that its European
subsidiary, Environmental Reclamation Services Ltd. (ERS), has been
awarded a contract to treat soil and groundwater for Alcan, at its
David's Loan Rolling Mill site in Falkirk, Scotland.
Starting June 24, 2001, this contract with Alcan Rolled Products
Ltd. is expected to be worth in excess of $250,000. Andrew Mackenzie,
managing director of ERS, said, "The United Kingdom has recently
introduced legislation forcing regulators and owners of pollution to
take aggressive steps to identify and treat contaminated soils and
waters. Although this legislation phases in over the next two years
some companies such as Alcan have taken a responsible, pro-active
approach to resolving their environmental problems. ERS has invested
three years developing relationships with companies of Alcan's caliber
and vision.
We anticipate continued growth and expansion of our operations in
the UK as the country mobilizes to address substantial contamination
issues. This contract for Alcan requires ERS to address chromium and
hydrocarbon contamination of soils and hydrocarbon in groundwater
using a number of proven techniques. It serves as a benchmark and
pointer to other major companies of the capabilities of ERS and our
focus on building long term relationships with major corporations."
"The award of this key contract to ERS is a direct result of long
term investments in building relationships with major clients and
developing a complete design-to-build capacity," states Donald
Tulloch, CEO of Environmental Operations. "It would be erroneous to
understate the value of the ability to assemble and provide a wide
range of technologies without prejudice or limitations to specific
processes. Major corporations want to build enduring relationships
with design-to-build remediators who can address their full spectrum
of concerns. The Alcan contract reflects our commitment to be this
type of supplier. There is little doubt that we will see more major
corporations building their remediation strategies around our ability
to structure complete, cost effective programs specific to their
needs."
ThermaFreeze(TM) Inc. is a consolidator and operator of
environmentally related businesses. Acquisitions and growth focus on
energy, air and water sectors. ThermaFreeze(TM) Inc. expects to
sustain growth through its aggressive roll up strategy and internal
synergies.
Forward-looking statements in this release are made pursuant to
the "safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995. Investors are cautioned that such forward-looking
statements involve risk and uncertainties, including without
limitation, continued acceptance of the company's products, increased
levels of competition for the company, new products and technological
changes, the company's dependence on third party suppliers,
intellectual property rights and the other risks detailed from time to
time in the company's periodic reports filed with the Securities and
Exchange Commission Fair Disclosure Regulation, effective, October
2000.
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CONTACT: ThermaFreeze Inc., Spokane
Dr. Galen Dean Loven, 509/921-9150
thfzinc.com
gdl@morals.net
KEYWORD: WASHINGTON UNITED KINGDOM INTERNATIONAL EUROPE
INDUSTRY KEYWORD: CHEMICALS/PLASTICS ENVIRONMENT
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