To: +FARRIS (2346 )
From: +K A Anderson
Thursday, May 21 1998 4:43PM ET
Reply # of 2353
Here it is
HOUSTON--(BUSINESS WIRE)--May 21, 1998--John H. Spriggs, C.O.O. of
Midland, Inc. MIDL , today announces their wholly owned subsidiary Arcon Energy
has received a request from Exxon XON for samples of "DF-144." Exxon intends to
test the DF-144 in their Research and Development Laboratories in Baton Rouge, La.
Under a mutually acceptable confidentiality agreement, Arcon has agreed to provide
Exxon with the necessary material to test DF-144. Exxon has agreed to furnish all test
results provided both parties remain confidential at this time with any test data. Currently
Exxon's attorney is drafting an agreement for Arcon's approval and signature. DF-144 is
now registered with the EPA as required by law. On behalf of Arcon Energy, Maverick
Engineering will provide all necessary MSDS data sheets and has been contracted to
design and supervise the construction of Arcon's new plant. John H. Spriggs, C.O.O. of
Arcon Energy, stated, "It is extraordinary that a major Fortune 500 Company agrees to
test the product of a small, undiscovered company such as Arcon Energy. Due to the
complication of the ethanol industry, particularly in Calif., DF-144 is attracting
nationwide attention." Safe Harbor Act Disclaimer: This release may contain
forward-looking statements that involve risks and uncertainties including, without
limitation, continued acceptance of the company's products and services, increased
levels of competition, new products and technological changes, the company's
dependence upon financing, third-party suppliers and intellectual property rights, and
other risks detailed from time to time in the company's federal filings, annual report,
offering memorandum, or prospectus
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