NEWS
Friday April 9, 8:50 am Eastern Time
Company Press Release
Aquatic Cellulose Announces Opportunity in Panama
VERNON, BRITISH COLUMBIA--Aquatic Cellulose International Corp. announces today that
they are in preliminary discussions with government officials in Panama regarding the harvesting of exotic hardwoods in Gatun Lake.
This 163 square mile lake was create d as a result of the building of the Panama Canal in 1912. It is Aquatic Cellulose's intention to
increase their timber holdings to secure a solid revenue stream well into the new millennium, and develop a reputation as a solid
resource based environmen tally friendly company.
About Aquatic Cellulose International Corp.
Aquatic Cellulose International Corp. (ACIC) is a company created with the mandate of acquiring rights to harvest and recover
underwater timber. Aquatic Cellulose Ltd. was incorporated in March of 1996. In December of 1997 ACL was officially acquired by
Aquatic Cellulose International Corp. with Aquatic Cellulose Ltd. remaining a wholly owned subsidiary. ACIC is traded on the
NASD OTC Bulleting Board. (OTC symbol AQCI).
ACIC is a forest based company focusing on what was once considered a lost resource. That resource is submerged timber. ACIC
has acquired from Mr. Gary Ackles the exclusive rights to utilize his patented robotic technology for use in the forest industry.
This allows ACIC to exploit this massive resource on a global scale and in a commercially viable and safe manner. This submerged
timber is still of excellent quality and can be used for plywood, sawn lumber, and a wide variety of wood fiber products.
This press release contains statements that constitute forward statements, as defined in the Private Securities Litigation Reform Act of
1995. Forward looking statements inherently involve risks and uncertainties that could cause actual results to diffe r materially form the
forward-looking statements. Factors that may cause or contribute to such differences include, among other things, the Company's
dependence on one customer, seasonality of the Company's retrieval business and risk of future losses f rom operations. Other risks
and uncertainties include changes in business conditions and the economy in general, changes in governmental regulations, unforeseen
litigation and other risk factors identified. The Company undertakes no obligation to updat e these forward-looking statements for
revisions or changes after the date of this press release.
ON BEHALF OF THE BOARD OF DIRECTORS
Mr. Gary Ackles, President
Contact:
Aquatic Cellulose International Corp.
Mr. Gary Ackles,
President
1-800-565-6544
Email: can_do@mindlink.bc.ca
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