Do you really want to remember the good old days? Be careful what you wish for.
++++++++++++++++++++++++
KPI letter of agreement and understanding, 9-8-99
Message 11185365
Report to Stockholders, April 29, 1999
Message 9228474
Termination of Chinese JV, January 19, 1999
Message 7366217
Clarification release, November 9, 1998
Message 6352523
Chinese JV, November 6, 1998
Message 6323232
Message 2746729
(2 law firms)
Message 2764983
(extended Manova agreement)
CONVERSION FACTORS, not news
Message 2766144
Message 916983
(test lab results)
Thursday, April 29, 1999 4:39
PM ET
Reply # of 11256
Green Oasis Environmental, Inc. Issues General Report to
Stockholders
CHARLESTON, S.C., April 29 /PRNewswire/ -- Green Oasis
Environmental, Inc. (OTC Bulletin Board: GRNO) (GRNO)
reported an operating loss of $843,000 for the twelve month
period ended December 31, 1998 or $0.11 per share based on
7,914,475 shares outstanding compared to an operating loss of
$634,000 or $0.10 per share for the year ended December 31,
1997, unaudited. The Company's Balance Sheet reported total
Assets of $1,202,000, Total Liabilities of $2,037,000, which
includes $1,167,000 of deferred salaries and un-paid loans to the
Company from stockholders, and a Stockholders Equity of
($835,000), unaudited.
The Company, which serves as General Partner, acquired an
additional 42% interest in the GOE Plant Partnership I, LP in
exchange for 1,449,341 shares of common stock bringing its total
ownership in the Partnership to 52% during 1998.
On April 12, 1999 the only non-creditor/supplier legal action
against the Company was dismissed (filed March 13, 1997) fully
and completely resolving all matters in dispute.
On March 23, 1999 the Company was issued Patent No. 5,885,444
"A Process for Converting Waste Oil to Diesel Fuel" and
international patents were filed and noticed on March 2, 1999.
On April 22, 1999 in the malpractice action filed by the Company
and others on August 25, 1998 in US District Court, Charleston,
S.C., demand was made for the maximum liability insurance
coverage based in part on the expert witness reports filed in Court
and of public record March 1999, and discovery to date. The case
is scheduled for a jury trial in the fall of 1999.
The Company's primary focus in 1999, with the technology fully
permitted, and patent issued, is the worldwide marketing of the
process directly and through agents. The Company is working with
United States Investment Alliance to secure a new joint venture
Partner for Asia to provide marketing, manufacturing & assembly
of the technology within the region. The Company directly or
through its agents has equipment proposals pending in Spain,
Belgium, Holland, Morocco, South Africa, China, Taiwan,
Thailand, South Korea, and is working with Kwikpower
International, SA of the United Kingdom regarding blending fuels
with their technology and the GOE process in the United States and
plant installations in Europe.
The Company is working with Centura Bank, N.C., international
department, regarding EX-IM Bank guarantees and long term
financing for equipment exported to customers outside the US,
among those customers being Manova, SA, Istanbul, Turkey
regarding their contract to purchase a model 1000 plant signed in
April 1998 and subject to certain government approvals.
William D. Carraway, President of the Company, stated, "1997
and 1998 were difficult years for everyone involved with the
Company, stockholders, suppliers, customers, and employees;
however, during this period the technology testing was completed,
all US Government operating permits were obtained, and the US
patent was issued, further assisting the Company's marketing and
joint venture efforts in 1999, and the opportunity to earn the capital
necessary to implement an aggressive business plan now that fuel
prices have begun to recover from record lows. I wish to thank all
the stockholders that have continued to support the Company and
its technology during this stressful period."
Green Oasis' patented process is designed to produce marketable
fuels from waste oils in a closed cycle, one step process. The
Company manufactures equipment for its own use as well as
markets worldwide.
SOURCE Green Oasis Environmental, Inc.
Message 9228474
Green Oasis Environmental, Inc. Extends Agreement With
Manova A.S., Istanbul, Turkey
PR Newswire - August 05, 1998 10:06
CHARLESTON, S.C., Aug. 5 /PRNewswire/ -- Green Oasis Environmental, Inc. (OTC Bulletin
Board: GRNO) announced today it has extended the equipment purchase agreement with Manova
A.S. as a result of political developments in Turkey: early elections and the parliament holiday.
Manova stated they are seeking a Decree from the Ministers of High Planning Committee which is
an option to create the legislation Manova seeks to establish a waste oil collection system and
complete the purchase of a GOE plant for processing in Turkey, however, the time required for such
approval law/decree remains uncertain. Under the agreement GOE would be a minority owner of
the operating company.
William D. Carraway, President of the Company, stated, GOE and Manova continue to explore the
mutual opportunities of manufacturing GOE plants by Manova in Turkey for export to Europe and
Asia. Manova has established facilities, staff, engineers, and the ability to provide the manufacturing
services GOE seeks. GOE would oversee production, installation, train operators, and start-up the
plant regardless of the manufacturing location. The location is perfect, however, until Manova has an
operating plant in Turkey to demonstrate the working process to customers from Europe and Asia.
GOE plans to keep its options open regarding a 3.5 billion gallon a year waste oil market. Our first
objective must be securing exclusive marketing agents to expose the technology opportunity of
processing waste oils into diesel fuel where the retail prices are $3.00 to $5.00 per gallon.
Green Oasis patent-pending process is designed to produce marketable fuels from waste oils in a
closed cycle, one step process. The Company manufactures equipment for its own use as well as
markets worldwide.
SOURCE Green Oasis Environmental, Inc.
Green Oasis Environmental, Inc. Demonstrates Plant
PR Newswire - October 09, 1998 12:08
CHARLESTON, S.C., Oct. 9 /PRNewswire/ -- Green Oasis Environmental Inc. (OTC Bulletin
Board: GRNO) announced today that the Charleston, South Carolina plant has been operational in
October for demonstration purposes only to potential customers from Qingdoa Asia-Pacific Benz
Motorcar Co., Ltd., Qingdoa, China and Aldwich Enviro-Management SDN.BHD., Kuala Lumpur,
Malaysia. MANOVA, A.S., Istanbul, Turkey reports they have secured the support of the Minister
of Environment and the Minister of Energy to create an alternative fuel source program, and now
seek the support of the Finance Minister.
Green Oasis' patent pending process is designed to produce marketable fuels from waste oils in a
closed cycle, one step process. The Company manufactures equipment for its own use as well as
markets worldwide.
SOURCE Green Oasis Environmental, Inc.
Green Oasis Environmental Patents Issued
PR Newswire - October 12, 1998 09:34
CHARLESTON, S.C., Oct. 12 /PRNewswire/ -- Green Oasis Environmental, Inc. (OTC Bulletin
Board: GRNO) announced today the Company was notified by patent firm, Oliff & Berridge, PLC,
Alexandria, Virginia that the United States Department of Commerce Patent and Trademark Office,
application No. 08/809,000 will be issued, Art Unit: 1764, Reasons For Allowance: Prior art fails to
disclose the combined steps of the continuous withdrawal of a reaction stream, the combination
thereof with fresh feed for the formation of a combined stream, and heating the combined stream to
the cracking temperature with heat provided by a thermal oxidizer.
Green Oasis patent pending process is designed to produce marketable fuels from waste oils in a
closed cycle, one step process. The Company manufactures equipment for its own use as well as
markets worldwide.
Bo says he will buy 3 Model 400s a year for 3 years.
Message 483772
SMEBA to market GRNO in Scandanavia
Message 611213
GRNO receives "deposit" for first 3 units from Recoil.
Message 620344
Message 624714
Midwest orders 4 units over two years.
Message 628896
Hungarian letter of intent for 5 model 600s
Message 732862
Research Fuels order for 1 unit
Message 757562
Bo says he will buy 3 Model 400s a year for 3 years.
Message 483772
SMEBA to market GRNO in Scandanavia
Message 611213
GRNO receives "deposit" for first 3 units from Recoil.
Message 620344
Message 624714
Midwest orders 4 units over two years.
Message 628896
Hungarian letter of intent for 5 model 600s
Message 732862
Research Fuels order for 1 unit
Message 757562 |
