TMM Announces Stock Swap with ECC
CAMARILLO, Calif.--(BUSINESS WIRE)--June 10, 1998--TMM Inc. Wednesday announced that it has entered into a memorandum of understanding to acquire Emission Controls Corp. (ECC), a Nevada corporation, with offices in Colorado.
ECC is the developer and patent holder for the Natural Resources Fuel Reformer (NRFR) system, which delivers hydrocarbon-based fuels to the internal combustion engine with its proprietary technology as to exhaust near-zero toxic emissions and pollutants.
ECC has developed a system which breaks down the structure of hydrocarbon fuels and produces a type of fuel that the engine can burn cleanly and more efficiently. The product is designed as a retrofit for autos that are non-compliant with the EPA emission standards and as a replacement for virtually all emissions control systems, including catalytic converters, on new cars.
TMM will begin marketing the NRFR systems for delivery in spring of 1999. The acquisition will be in the form of a stock-for-stock exchange.
TMM will provide its technology and multimedia background to build on-line video training and instruction capabilities that will guide the repair and retrofit process for the NRFR system worldwide.
ECC President Syd Cooke stated from the company offices in Colorado: ''We are excited about this association with TMM. Their technology background will bring to the venture the ability to train and provide at-work assistance to mechanics worldwide. One of the challenges of our effort is to be able to provide instant instruction for retrofit customers. With TMM's video technology and Internet expertise they are a perfect fit for our marketing effort.''
During the transition period both companies will work out of soon-to-be-announced office space located at the Lowry Air Force Base Development Park in Denver.
TMM Chief Technology Officer, Tom Simpson, stated: ''The facility available to us at the Lowry Development facilities are some of the best in the nation. They have full multimedia production capabilities, state-of-the-art conferencing facilities and distance-learning classrooms.
''It provides us access to an infrastructure developed by the University of Colorado, US West, Lucent Technologies and Echostar Satellite. The ECC project will be a model of distance learning and worldwide video database access capabilities. I am looking forward to working on this project.''
Total MultiMedia is a leader in softvideo and multimedia products and is traded publicly on NASD under the symbol TMMI.
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Contact:
TMM Inc., Camarillo
Tom Simpson, 805/444-1494
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