To: John Rowe who wrote (5676 ) 7/15/1999 2:30:00 PM From: SIer formerly known as Joe B. Read Replies (1) | Respond to of 6467
THERMO TECH TECHNOLOGIES INC - BCSC Issues Cease Trade Order Against Thermo Tech New York, New York, Jul. 15, 1999 (Market News Publishing via COMTEX) -- On July 14, 1999 the British Columbia Securities Commission issued a Cease Trade Order against Thermo Tech(TM) Technologies Inc. pursuant to Section 164 of the Securities Act (British Columbia). Under the terms of the Order all persons (broadly defined to include corporate entities, partnerships and trusts) in the Province of British Columbia, Canada must not trade in securities of Thermo Tech(TM) pending the public disclosure by Thermo Tech(TM) of certain information required by the British Columbia Securities Commission regarding Thermo Tech(TM)'s acquisition in March 1998 of two Ontario transfer stations and waste management facilities and various associated transactions. Thermo Tech(TM) is using its best efforts to prepare in a timely fashion all necessary public disclosure documents that will be satisfactory to the British Columbia Securities Commission and will result in the lifting of the Cease Trade Order. Thermo Tech(TM) Technologies Inc. is a leader in organic waste recycling with offices in Vancouver and Toronto, Canada. Thermo Tech(TM)'s patented thermophilic process is utilized in compact and environmentally friendly Thermo Master(TM) plants to convert biodegradable food waste into high protein animal feed and wastewater treatment sludges into fertilizer concentrate. Certain statements contained herein are "forward looking statements" (as such term is defined in the Private Securities Litigation Reform Act of 1995). These statements are based upon the belief of the Company's management, as well as assumptions made beyond information currently available to the Company's management. Because such "forward looking statements" are subject to risks and uncertainties, actual results may differ materially from those expressed or implied. Such "forward looking statements" include but are not limited to, competitive factors, general economic condition, customer relations, relationships with vendors, government supervision and regulation, product introductions and acceptance, technological changes in industry practices, and other factors discussed in filings made by the Company with the Securities and Exchange Commission. (TM) The terms Thermo Tech(TM) and Thermo Master(TM) are registered trademarks of Thermo Tech(TM) Technologies Inc. The term Thermo Master(TM) is licensed for use by Hamilton Bio Conversion Inc., Brampton Bio Conversion Inc., Richmond Bio Conversion Inc., Oshawa Bio Conversion Inc. and Niagara Bio Conversion Inc. -0- TEL: (604) 514-8390 Thermo Tech Technologies Inc. TEL: (604) 534-5085 Investor Relations, Langley ______________________________________ (c) Corporate Dissemination Services Inc. All rights reserved. Tel:(604) 689-1101 Fax:(604) 689-1106 RapidFAX (tm) - To get the NEWS as it happens, call (604) 689-3041. *** end of story ***