NATHANIEL ENERGY CORPORATION RETAINS Investor Relations Firm Managerial Advisory Services, Inc.
CASTLE ROCK, Colo. Jan. 28 /PRNewswire/ -- Nathaniel Energy Corporation (OTC Bulletin Board: NECX) has retained Managerial Advisory Services, Inc. ("MAS"), a Tampa, FL-based investor relations firm, to provide a variety of corporate and investor related services, including media and public relations.
"Our growth demands that we work with leaders in the investor relations industry and we are very pleased to have been able to add an organization as prestigious as MAS to our team," says Stan Abrams, President and Chief Executive Officer. "They provide us with an ethical and professional means of making the public and investment community aware of our businesses and opportunities. We feel they will play a major part in telling the NECX story and will greatly enhance the present efforts underway."
Cesar A. Muniz, President of MAS, stated that, "Nathaniel Energy Corporation is a very exciting Company to represent. We are convinced that through their proprietary technologies, NECX is strategically positioned to capture a significant portion of the multi-million dollar alternative energy and recycling industry by helping corporations and municipalities, using patented methods, save significant portions of their energy and waste disposal costs."
Nathaniel Energy Corporation (NECX) is a multi-faceted company that is implementing innovative and profitable ways to resolve the complex problem of tire recycling, re-use and the subsequent creation of low cost fossil fuel suitable for creating energy for heating and electricity. NECX presently has two operations located in Kansas City, Missouri and Castle Rock, Colorado. These facilities collect used tires under pre-arranged tipping fee agreements with vendors on a daily basis. Salvageable tires are resold both nationally and internationally (primarily to Mexico). The "junk" tires (representing the clear majority) are shredded and processed using patented methods and sold as a low cost fuel to local municipalities and commercial customers. One example of this type of arrangement is Colorado Gas' subsidiary, Coastal Corporation (NYSE: CGP), which provides low cost tire-produced energy under a special partnership arrangement to a commercial greenhouse operation in Colorado.
Today, there are more than one billion waste tires stockpiled in the United States, with over 250 million discarded tires added annually. Approximately 900 million tires are located in municipal solid waste landfills. There is one used tire created each year for every person living in the United States.
Because of the difficulty of separating metal, fabric and rubber from a typical tire, the ability to recycle each of these components has met with limited success. Many companies are involved with the collection, separation and disposal of old tires, but once recappable "shells" have been taken out, there still remain millions of useless tires that must be disposed of, and tons of recyclable or burnable resources lost to industry.
There is no direct competition on a large scale to the alternative fuel/recycling program that NECX has embarked upon. Large waste disposal companies rely on the disposal of trash tires in a limited number of landfills and storage in special, licensed areas that are prone to fire, pest infestation and the general degradation of the surrounding environment.
Burning tires for fuel is known to be a dirty, environmentally unfriendly business. To solve this problem, NECX acquired the exclusive rights to a patented tire combustion process called Thermal Combustors. This environmentally friendly process cleanly burns shredded tire material, providing low cost energy without the usual harmful smoke and residue. It has been approved by the state of Colorado for use in the Ripe Touch Tomatoes greenhouse project in Castle Rock, Colorado.
Financial statements in this press release other than historical facts are "forward-looking" statements within the meaning of section 27A of the Securities Act of 1933, section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward- looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results could differ materially from expected results.
SOURCE Nathaniel Energy Corporation
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01/28/99 /CONTACT: Cesar A. Muniz,
Investors, Managerial Advisory Services, Inc., Tampa Office,
813-814-2725, or New York Office, 212-214-0795, for Nathaniel Energy/ |
