To all:
I received this in the e-mail this morning. Nothing we don't already know, but the target prices are interesting. First time I've ever received anything from this person/organization, but here it is FWIW:
From: Momentum Trader <momentum_trader@hotmail.com>
To:
Date: Sunday, February 14, 1999 1:18 AM
Subject: ALERT: ATF
>Momentum Trader is currently watching Alternative Fuel Systems (ATF).
>Trading on the VSE, this stock has the momentum and we see it easily
>hitting $2.60 within the next two weeks. Longer term (3-6 months) we see
>ATF trading in the $5-6 range.
>
>Called the "baby Ballard", ATF has made significant progress in the past
>two months signing numerous agreements and contracts with some of the
>most polluted countries in the world.
>
>Background Information
>
>
>ATF has developed a solution that has positioned the company on the
>cutting edge of the fight to reduce greenhouse gases which include
>engine emissions. ATF has developed an innovative fuel injection system
>which makes possible the conversion of gasoline and diesel engines to
>cleaner burning, economical, compressed natural gas (CNG) without losing
>engine efficiency.
>
>
>Revenue
>
>Signed an agreement on February 3, 1999 in Beijing, People's Republic of
>China (PRC) with Mr. Lin Duo, Deputy Director of the Beijing Municipal
>Administration Commission (BMAC). Under the terms of the agreement, AFS
>will immediately commence a detailed feasibility study and a pilot
>natural gas vehicle (NGV) program for the City of Beijing. BMAC has been
>given a mandate by the Beijing People's Municipal Government to develop
>and implement a plan to convert vehicle fleets in Beijing from
>gasoline/diesel to natural gas (NGV Program). In order to reduce local
>air emissions Beijing intends to convert its entire public fleet,
>consisting of 5400 large buses, 10,000 microbuses and 60,000 taxis, to
>alternative fuels. The conversions are to take place over the next
>several years. AFS has been asked to proceed immediately with a
>feasibility study and plans for the pilot program, to enable conversions
>to be carried out on an expedited basis. The Beijing NGV project is in
>addition to and entirely separate from AFS's agreement in Sichuan
>Shutong, China, where an initial $1.7 million contract to supply NGV
>equipment and technology was finalized late last month.
>
>
>Alternative Fuel Systems Inc. Finalizes China Contract for Natural Gas
>Conversion Systems with Sichuan Shutong CNGV Co. Ltd
>
>CALGARY, Jan. 27 /CNW/ - Alternative Fuel Systems Inc. (AFS) and its
>agent in Asia, Nippon Ecology Work Systems Corp. (ECOS), has signed a
>Dual Fuel Testing Agreement with the Bangkok Mass Transit Authority of
>Thailand (BMTA) and the Petroleum Authority of Thailand (PTT). The
>project is funded by PTT and ECOS with technical support provided by
>AFS. In response to serious air quality problems in Bangkok, the Thai
>Ministry of Industry has assigned PTT the task of expanding utilization
>of natural gas as an alternative fuel to reduce vehicular emissions.
>The project is expected to lead to wide-scale conversion of gasoline and
>diesel engines in Thailand
>ATF technology is being implemented as part of a pilot project to
>convert large scale numbers of microbuses, a primary method of
>transportation in Mexico City. ATF has signed a letter of intent for
>converting a minimum of 10,000 microbuses annually to CNG over 10 years.
>Phase I covers 1000 conversion kits in a 2 Million contract.
>
>ATF technology is being installed in companies like Northwestern
>Utilities to convert gasoline and propane powered industrial fork lifts
>to CNG.
>
>Being used by major engine manufacturers like Hino and Daiwoo for CNG
>conversion application
>
>Alternative Fuel Systems Inc. India Type Approval Program Expanded
>
>ATF has ongoing projects in Asia, United Kingdom, Europe, India, Latin
>America, Mexico and North America
>
>The information provided is not a solicitation to buy or sell
>securities. The content is provided for informational purposes only
>and without warranty of any kind. You are solely responsible for your
>own investment decisions. We simply provide alerts to stocks we are
>watching.You must do your own research before making an investment. We
>may take positions in the stocks we recommend prior to presenting them
>to the public. We may also buy or sell such positions mentioned herein
>without prior notice. We receive no payment from anyone
>
> |
