Aquatic Cellulose InternationalAnnounces Acquisition Plans to Broaden Core Business and InsureInternational Exposure
June 2, 1999 09:35 AM
VERNON, BRITISH COLUMBIA--(BUSINESS WIRE)--June 2, 1999--Aquatic CelluloseAQCI Gary Ackles, President of Aquatic Cellulose International BB , announced today that it has formed an acquisition strategy focused on merging precious wood companies into the Aquatic Cellulose publicly traded vehicle.
The management of AQCI is actively pursuing acquisition candidate in the precious wood industry.
Aquatic Cellulose International remains strongly committed to its long-term goal of being the world's largest supplier of environmentally friendly submerged timber. With an aggressive mandate and the anticipated introduction of additional harvesters into Brazil before the end of the year the company must explore new alliances to ensure global exposure and timber sales. Ecomab , Aquatic Cellulose International's joint venture corporation is welcoming this new opportunity.
"Although we have commitment for all timber to be recovered with our existing equipment, such acquisitions are an exciting next step for a globally recognized leader in this virtually untapped industry," stated Gary Ackles, President of Aquatic Cellulose International.
About the company
Aquatic Cellulose International Corp. is a company created for the purpose of acquiring rights to harvest and recover inundated and salvage timber. A unique patented robotic system created by Gary Ackles, and licensed to Aquatic Cellulose International Corp. for use in the forest industry, can reach down to the depths and retrieve this valuable lost resource. Aquatic Cellulose is proud of the fact that every tree that is recovered from the depths is one less tree that need to be recovered from the forest. It is interesting to note that there are 38,000 dams and waterways around the world that are potential recovery sites for our exclusive robotic recovery system. For more exciting information please visit our new website at aquaticcellulose.com and join our growing e-mail list.
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 differ materially from 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 from operations. Other risks and uncertainties include changes in business conditions and the economy in general, changes in governmental regulations, unforseen litigation and other risk factors identified. The Company undertakes no obligation to update these forward-looking statements for revisions or changes after the date of this press release.
The NASD OTC has neither approved nor disapproved of the information contained herein.
|
