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Microcap & Penny Stocks : Green Oasis Environmental, Inc. (GRNO)
GRNO 0.00Nov 5 4:00 PM EST

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To: Robert Korn who wrote (9756)8/3/1998 1:14:00 PM
From: Ferick  Read Replies (1) of 13091
 
I be callin' this good news.:
Green Oasis Environmental, Inc. Receives Final Approvals

CHARLESTON, S.C., Aug. 3 /PRNewswire/ -- Green Oasis Environmental, Inc. (OTC Bulletin Board: GRNO) announced today that the South Carolina Department of Health and Environmental Control (DHEC) Bureau of Air Quality on July 28, 1998 issued a new permit to increase the used oil input capacity of the Charleston, South Carolina plant to 1,000 gallons per hour. The new permit will be effective on August 11, 1998. A new permit was issued to reflect the comments issued on June 9, 1998 by EPA to DHEC stating that Subpart NNN does not apply to the GOE process. The Company owns 53% of the Charleston plant.

William D. Carraway, President of the Company, stated it has taken years and great expense to obtain a satisfactory permit and process classification for the technology so that permits can be obtained by customers in any state or foreign country. It is impossible to understand why governments that express concern over pollution and a 1.3 million gallon a year growing waste oil problem would delay and create endless cost burdens for a new technology that provides a clean economic solution for a major environmental concern. While this milestone may seem minor, we believe with issued permits in hand, customers will look favorably upon the technology, process, and the ability to secure permits. The Company has suffered many setbacks during the past year and must now implement an aggressive business plan to penetrate the market place with very limited resources and establish profitability by securing exclusive marketing agents for Europe and one for Asia, and will seek a joint-venture partner to manufacture plants for these markets outside the United States.

Green Oasis patent-pending process is designed to produce marketable fuels from waste oils in a closed cycle, one step process. The Company manufactures equipment for its own use as well as markets worldwide.

SOURCE Green Oasis Environmental, Inc.

CO: Green Oasis Environmental, Inc.

ST: South Carolina
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