Today's move? Check out yesterday's news release:
"The First Ever Non-Petroleum Gasoline Substitute Patent
Issued to Princeton University"
The L.L. Knickerbocker Co. Inc. (NASDAQ:KNIC) Wednesday announced
that Princeton University and Pure Energy Corp. will hold their
first press conference at The Princeton Club of New York on Wed.,
Jan. 14, 1998 to report on "the first ever non-petroleum gasoline
substitute patent issued to Princeton University."
The L.L. Knickerbocker Co. holds approximately 38 percent equity
interest in Pure Energy Corp.
On Dec. 16, 1997, the United States Patent and Trademark Office
issued a patent to Princeton University for a new, non-petroleum
substitute for gasoline called P-series. The patent issued is U.S.
Patent No. 5,697,987, and is titled Alternative Fuel.
Stephen Paul, Ph.D., of Princeton University's Plasma Physics
research staff, and Merrick Andlinger, president and chief executive
officer of Pure Energy, will host the news briefing on the
commercial viability of P-series, and will address questions
relating to the product's characteristics and development.
P-series is a unique blend of ethanol, natural gas liquids and a
co-solvent. The fuel, which is non-petroleum and as much as 70
percent from renewable sources, is designed to operate in existing
flexible fuel vehicles. It is designed to be cost-competitive with
gasoline and to meet the standards set by the Clean Air Act of 1990
and the Energy Policy Act of 1992 ("EPACT").
Use of the fuel as an alternative to gasoline will contribute to
significant reductions in greenhouse gases, lower tail pipe emissions
and greater domestic energy security.
P-series is designed to service the estimated 10 billion gallon
per year U.S. fleet market, that by federal mandate is required to
use an increasing proportion of alternative fuel vehicles (AFVs),
and the nascent consumer AFV market.
Pure Energy holds the exclusive worldwide license to commercialize
the alternative fuel. On July 7, 1997, Pure Energy filed a petition
with the Department of Energy seeking a rulemaking to designate the
P-series as an "Alternative Fuel" under EPACT.
"This is a very exciting time for the L.L. Knickerbocker Company,
Pure Energy Corp., Dr. Paul and Princeton University," said Louis L.
Knickerbocker, chairman & CEO. "Our equity investment in PEC and
the alternative fuel is validated every step of the way."
In addition to its equity interest in Pure Energy, The L.L.
Knickerbocker Co. markets a wide variety of branded collectibles,
jewelry and accessories and consumer products. The company's primary
focus is to create and build brands which can be marketed through a
variety of channels including national and international retail and
direct response mail.
The company has a substantial equity interest (approx. 31 percent) in
Ontro Inc. and Insta-Heat Inc., involved in the development of
containers which self-heat food and beverages. The company recently
entered into a joint venture with Arkenol Holdings, LLC to construct
power plants and biorefineries in a number of Southeast Asian
countries.
For more information, visit the L.L. Knickerbocker Company Web
site: www.knickerbocker.com.
This news release contains forward-looking statements within
the meaning of the Securities Act of 1933, as amended, and the
Securities Exchange Act of 1934, as amended, which involve risks and
uncertainties, including, but not limited to, economic, competitive,
governmental and technological factors affecting the company's
operations, markets, products, services and prices, and other
factors.
The company's actual results could differ materially from those
projected in the forward-looking statements as a result of the
factors described herein.
Delayed response from yesterday's significant news release. This press conference in NYC signifies Pure Energy's quest to tell the world about their revotionary fuel. I have been told that this will be the first of 2 press conferences, introducing the world to Pure Energy's
Pure. The second news conference will be held in Washington DC in front of the Department of Energy Buiding OR in front of the White House Lawn.
I think KNIC's 38% stake in Pure Energy will finally pay off to Knic shareholders. Folks, IMHO, our time has finally come. The next 4 weeks should be very interesting for news coming out of Pure Energy.
regards to all KNIC longs
Juan
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