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Technology Stocks : $1B Mkt -(BUGS) Bio- Remediation of Polluted Soils
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To: Frank Buck who wrote ()1/27/1998 6:16:00 PM
From: Frank Buck  Read Replies (2) of 54
 
Regards,

I am interested in knowing if anyone has ever encountered any company(s) that are engaged in bio-remediation? A friend told me that a company by the name of Global Venture Funding OTC-BB (BUGS) has recently developed from an existing shell and has purchased a proprietary, patented microbial process that uses micro-bacteria (bugs) to clean environmentally contaminated ground, etc. They are a fully reporting company and have had several press releases in the past month or two.

Their website;

gvfcellular.com

said they (or their process) were employed to clean up some of the aftermath of the Iraq/Gulf Crisis war. They are confident of achieving Nasdaq small cap eligibility requirements this year. A very small float, 300K and only a few million (< 2) outstanding. I have recently bought shares and have been told that the present management is actively engaged in attempting to bring this company and their 'BioRaptor' process of clean-up to the attention of industrial waste producing Fortune 500 companies. The potential market is mentioned at over a $ Billion dollars.

Sounds like it has a lot of potential. Some of the management have over 25-30 years in this field. With all the oil spills and such it seems interesting. The website "projected" revenues are really interesting. Worth the read even though they are "Pie-in-the-Sky". Great website for a small company.

Any knowledge of this company or any other players in this area would be appreciated.

Frank
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