$$ M O N E Y M A N INC. $$
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$$ M O N E Y M A N INC. $$ AUG.23, 1998
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MID-SUMMER UPDATE - September is near........
A couple of months ago we were in the market for
environment-based companies, one of main concentrations
being Alternative Fuel Systems. In recent months we have
been researching the advantages of this sector and have
come to the conclusion that the time is here for us to take
advantage of the environmental straight-jacket that the
governments of the world have gotten themselves into.
With respect to the huge petroleum companies I think we
have embarked on a hydrogen combustion system that
not only serves it's purpose but also co-operates with
these huge conglomerates.
Fundamentally sound, with a board of directors made up
of some powerful heavy hitters, these guys mean business.
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PLASMA ENVIRONMENTAL TECHNOLOGIES INC.
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Thursday Aug 20 1998
PLAS-CDN OTC Shares issued 26,400,000
Agreement with Malaysian consortium - PLAS IS BACK!!!
An anonymous director reports
Plasma Environmental Technologies has signed a
memorandum of understanding with a consortium of
Malaysian interests to invest in the transfer of the PARCON
technology, as well as the application of the PARCON
technology for municipal solid waste (MSW) conversion into
saleable products. The MoU was signed following the
presentation of Plasma Environmental's PARCON
(Plasma Arc Conversion) technology last week at the USEPA's
(Environmental Protection Agency) National Research Facility
in North Carolina.
The Malaysian consortium of the Universiti Teknologi Malaysia
(UTM), Uni-Technologies Sdn Bhd, and Biopure Systems Sdn
Bhd will be financing the anticipated $60-million (U.S.) project.
The preliminary budget for the project is expected to include
$20-million (U.S.) for a technology transfer and associated
expenses, with $10-million (U.S.) payable to Plasma
Environmental and Hungaroplazma (the company's Hungarian
partner); $30-million (U.S.) for the development and construction
of a PARCON municipal solid waste plant; and $10-million
(U.S.) for a plasma research facility and associated research
and development.
Plasma Environmental's representatives will be travelling to
Malaysia in September to negotiate the final details of this
milestone agreement. Plasma Environmental's key product,
the PARCON unit, is a patented hazardous waste destruction
system. Independently tested at USEPA's National Risk
Management Research Laboratory, the PARCON system met
or exceeded EPA standards for destruction of PCBs, chemical
warfare agents and explosives by exceeding a 99.99995 per cent
destruction removal efficiency.
(c) Copyright 1998 Canjex Publishing Ltd.
Regards,
Don't Worry Make Money $$$$$
(c) Moneyman Inc.
D I S C L A I M E R
The information contained herein, while obtained by sources
we believe to be reliable, is not guaranteed either as to
accuracy or completeness. Moneyman Inc. assumes no
liability for any investment decisions you make.
Please do your own due diligence on companies that are
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(c) Moneyman Inc. 1998
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