NECX - Nathaniel Energy Message Board

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Gold/Mining/Energy : NECX - Nathaniel Energy

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From: Smiling Bob	9/21/2005 3:28:27 PM
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Our short term objective is to complete the start up and testing of our two Thermal Gasifiers™ recently constructed in Cologna Veneta, Italy. We plan to utilize the operating Thermal Gasifier™ units in Italy in our sales, marketing and research efforts during 2005. Upon completion and acceptance of the second of two Thermal Gasifiers™ and payment by our customer in Italy, we will recognize revenue on those units. We have recognized no revenue from the sale or delivery of our Thermal Gasifier™ through the period ended June 30, 2005. During the first quarter of 2005, we formed a Delaware corporation as a wholly owned subsidiary for purposes of advancing our business for the commercialization of our Thermal Gasifier™ technology through hydrocarbon-based waste-to-energy projects. The subsidiary is named Cleanergy, Inc. Cleanergy, Inc. had no financial activity through the period ended June 30, 2005. The Company has employed the services of an experienced executive to advance the business plan and secure a sales pipeline of hydrocarbon-based waste-to-energy projects and business development activities.

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