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Microcap & Penny Stocks : EVDS Environmental Digital Services, Inc.
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To: Ray Tarke who wrote (65)9/21/1998 12:52:00 PM
From: Jeffrey L. Henken  Read Replies (1) of 718
 
Ray, until now the insurance industry has been reluctant to insure USTs due to the enormous potential liabilities. In addition, self insurance has proven unsuccessful due to inadequate reserves. I believe this has now changed with the advent of Environmental Digital Services tank pre-qualification program with Lloyds of London. Lloyds, and other insurance companies have now indicated a willingness to issue a pollution policy with the proviso that the CAPSCAN be used on all the tanks. Lloyds will provide a 15% credit towards the premium as part of this agreement and this credit amortizes the cost of the CAPSCAN unit one year. According to the Resources, Conservation and Recovery Act passed in 1984 a tank owner must take insurance if it is available in that marketplace.

This insurance industry marketing effort is being spearheaded by Tom Peterson of Environmental Digital Services who has extensive national and international marketing experience in that industry. He has been primarily responsible for the Lloyds agreement and he currently is in the final stages of negotiating similar agreements with other major players who have reentered this specialized liability marketplace.

Regards, Jeff
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