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Technology Stocks : Thermo Tech Technologies (TTRIF)

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To: CAYMAN who wrote (5419)4/16/1999 1:18:00 AM
From: Robert Pool  Read Replies (1) of 6467
 
Thermo Tech faces $194,000 supplier suit

Thermo Tech Technologies Inc
TTRIF
Shares issued 143,655,123
1899-12-30 close $0
Thursday Apr 15 1999
by Brent Mudry
Thermo Tech Technologies faces a $194,000 suit from an equipment supplier. In a statement of claim filed Wednesday in
the Supreme Court of British Columbia, Jelcon Equipment of Sechelt, north of Vancouver, claims Thermo Tech has
reneged on payment for six grinders and controllers, delivered last fall to the Richmond plant of Richmond Bio
Conversion. The named defendants are Thermo
Tech Technologies, Thermo Tech Waste Systems, Ontario Thermo Tech and Richmond Bio Conversion. The suit claims
the equipment was ordered between May and August last year, and delivered in September and October.
Jelcon claims it has not been paid anything yet, although the terms were net 30 days. Vancouver lawyer Carla Courtenay
seeks damages of $194,137. The lawyer alternatively seeks a declaration of constructive trust on the assets and profits of
Richmond Bio. Statements of defence have not yet been filed.
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