Press Release.
Enjoy.
THERMO TECH TECHNOLOGIES INC.
Listed NASDAQ
Trading Symbol: TTRI.F
NEWS RELEASE DATE: March 6, 1998
FOR IMMEDIATE DISSEMINATION
THERMO TECH TECHNOLOGIES INC. (the "Company") issued the following news release today in response to the news release of Trooper Technologies Inc. ("Trooper") today with respect to the ridiculous application by Trooper to seek sanctions against the Company and Mr. Branconnier for non-compliance with the order of Mr. Justice Cohen dated January 20, 1998
Thermo Tech is not in contempt of court. The order of Mr. Justice Cohen provided "failing agreement between counsel, the parties are at liberty to apply for directions with respect to issues as to confidentiality". Thermo Tech has sought to have the Plaintiffs enter into a confidentiality agreement with respect to the "standard certified engineering specifications" required by the Court order to be delivered to them. They have refused to enter into an appropriate confidentiality agreement and a hearing has been set by Thermo Tech counsel for Tuesday, March 10, 1998 in accordance with the terms of the order. Once the terms of the confidentiality agreement are set by the court, Thermo Tech intends to deliver the "standard certified engineering specifications" which its engineering consultants have updated, to Trooper. Thermo Tech will not deliver "documents regarding the specifications and sourcing of the equipment used in the construction of thermophilic plant" as Mr. Justice Cohen in his order specifically denied the application by Trooper to obtain that information.
Thermo Tech understands that certain parties have been making statements that an order of damages against Thermo Tech or incarceration of Mr. Branconnier had been made. Thermo Tech states unequivocally that those statements are false and Mr. Branconnier is pleased to report that he is not in prison. At the hearing today, the Court refused to set a hearing date for any contempt proceeding against Mr. Branconnier and the Company fully expects that the contempt proceeding against the Company will be dismissed when heard on Friday, March 13, 1998.
To summarize the above, nothing of consequence occurred today. The application by Trooper for contempt sanctions is without merit. The news release of Trooper and comments made by certain parties on the internet and otherwise are typical of the campaign of half-truth and misinformation which Thermo Tech is continually being forced to address in the matter. Unlike Thermo Tech which is focused on the continued growth and success of its business, the other parties in this matter appear to concentrate their efforts on the production of sensational news releases for public consumption.
Thermo Tech Technologies Inc. is a leader in organic waste recycling with offices in Vancouver and Toronto, Canada and Atlanta, Georgia. Thermo Tech's patented thermophilic process is utilized in compact and environmentally friendly Thermo Master plants to convert biodegradable waste into high protein animal feed and waste water treatment sludges into fertilizer concentrate..
ON BEHALF OF THE BOARD OF DIRECTORS OF
THERMO TECH TECHNOLOGIES INC.
Per:
Rene J. Branconnier
President and Director |
