MAHT here's another alt energy type company I was told about today. I haven't bought any yet, just checking it out. Looks like they r/m'd into a shell and started trading end of May.
8K explains it:
freedgar.com
O/S according to news and filings is 15.5mm, float around 3mm, but I hear about 2mm of that is escrowed.
malahatenergy.com
News comes out of Vegas where they have offices but I believe they are a local, Delta, BC company. Not a lot of wood chips to process around Vegas I don't think.....but shit loads of them all around here.
I didn't see either of these, but I hear Malahat was reported on CBC evening news recently as well as an article in the Vancouver Province newspaper.
Wednesday June 6, 1:26 pm Eastern Time
Press Release
Malahat Energy Corporation Retains Yes International, Inc.
VIRGINIA BEACH, Va.--(BUSINESS WIRE)--June 6th, 2001--Malahat Energy Corporation (OTCBB:MAHT - news)
announced today that it has retained Yes International, Inc. for corporate communications and investor relations.
Based in Virginia Beach, Virginia, Yes International, Inc., a full service venture capital and investor relations firm, serves the international and domestic investment communities. To date, Yes International has worked with over 35 public companies.
Ben Dulley, President at Malahat states: ``Yes International's reputation for comprehensive and cost effective investor relations services is well established. Malahat will greatly benefit from such a professional organization.''
``Over the past several years, financial markets have traditionally placed a high valuation on companies operating in the alternate energy sector. Our primary focus is to communicate the desirability of Malahat to the investment community,'' said Rich Kaiser, President of Yes International.
About Malahat
Malahat Energy Corporation's proprietary, patent pending reformer enables it to deliver lower cost power to high energy consumption industries. The Malahat reformer converts biomass waste to produce a green renewable fuel replacement for natural gas yielding thermal and electrical energy at a fraction of the prevailing market price. It is a cost effective energy solution to the agricultural, horticultural and timber industries and to municipalities with abundant biodegradable waste resources for recycling.
Malahat has initially targeted North America's greenhouse industry to generate on-site power supply at substantially reduced energy costs.
Safe Harbor Statement
This press release by Malahat Energy Corporation includes ``forward looking statements'' under the ``safe harbor'' provisions of the Private Securities Litigation Reform Act of 1995 that may involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These statements are based on current expectations at the time this material was prepared and actual results may differ materially from those projected in forward-looking
statements for a number of reasons, including, but not limited to, customer acceptance of and demand for the Company's product(s), the ability of the Company's products to reduce energy costs, whether the Company can obtain a patent for its technology, customer acceptance of the Company's product(s), the ability of the Company's products to deliver cleaner energy and power generation, whether the Company's product(s) are cost effective to customers, and the ability of the Company to deliver and install its products in a timely
manner. This information is not a recommendation to buy or sell the securities of Malahat Energy Corporation. The statements and opinions presented are the view of the Company's management and are subject to change.
Contact:
Malahat Energy Corporation
B. McLean, 866/404-3311
ir@malahatenergy.com |
