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Gold/Mining/Energy : Eco Logic Company ( ELI ECO ) Update -- Ignore unavailable to you. Want to Upgrade?

To: Mark Duess who wrote (274)	7/14/1999 9:17:00 PM
From: J. Kerr	Read Replies (1) \| Respond to of 340

New contract announced today: "NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS FOR: ELI ECO LOGIC INC. TSE SYMBOL: ELI JULY 14, 1999 Eco Logic Announces Award Of Contract From An International Pharmaceutical Company In Support Of Pollution Prevention Initiatives ROCKWOOD, ONTARIO--ELI Eco Logic Inc. ("ECO LOGIC" or the "Company") (TSE-ELI) announced today the award of a contract from an international pharmaceutical company to conduct a treatability test on waste created during pharmaceutical manufacturing, using ECO LOGIC'S Gas-Phase Chemical Reduction (GPCR) Process. A primary focus of the test will be to evaluate the efficacy of GPCR as an alternative to incineration for pharmaceutical waste treatment. This testing supports the Company's initiatives towards implementation of the GPCR technology as a Pollution Prevention solution. Industries today face increasing pressure from the regulatory community and environmentally conscious consumers to reduce or prevent the generation of hazardous wastes during plant operations. Implementation guidelines that encourage pollution prevention and hazardous waste minimization have recently been announced in Canada and the US. In particular, the Company notes USEPA's recent call for voluntary partnerships between the USEPA, states and industries that will facilitate a reduction or elimination in the generation of 53 persistent, bioaccumulative and toxic (PBT) chemicals. These types of chemicals can be produced during industrial processes. Similar pollution prevention programs and policies are in place in Canada at the federal, provincial and regional levels. The Company can assist industry in meeting pollution prevention and waste minimization goals through the use of GPCR for in-line treatment of organic wastes as they are produced, thus eliminating discharge from their facilities. Industries suitable for this application include chemical and pharmaceutical manufacturers, and other industries producing organic waste streams. Dr. Fred T. Arnold, Chief Executive Officer of ECO LOGIC, stated that "This contract represents an important first step in the implementation of GPCR for pollution prevention. Results of the treatability testing will show efficacy of the GPCR as an alternative to incineration for the treatment of wastes created during the pharmaceutical manufacturing process. Recently, the public, regulatory authorities and industry have focused their attention on the need for safe, effective remediation of hazardous materials, and the requirement to reduce the production of these wastes during industrial processes. ECO LOGIC'S GPCR Process provides a solution for both. We've demonstrated that our technology is world-class for the treatment of hazardous waste stockpiles - clients, regulatory authorities, and the environmental community worldwide have recognized this; now we are taking the next step toward assisting our customers with their environmental stewardship goals. By eliminating the opportunity for hazardous organic substances to contaminate the waste streams from manufacturing facilities, we believe GPCR will serve these goals and reduce life cycle cost." ECO LOGIC's business is to solve toxic chemical problems in a safe, permanent, cost effective manner. The Process is an innovative technology that converts on-site, organic, hazardous waste into reusable or disposable products. This non-incineration process has gained high public and regulatory acceptance. ECO LOGIC's world-wide hazardous waste cleanup market includes PCBs, hexachlorobenzene (HCB), pesticides, dioxins, contaminated electrical equipment, contaminated soils, chemical warfare agents, and certain petrochemical wastes." Regards. Joe