Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : NECX, TIRES=FUEL-'R-US; killer waste management technology -- Ignore unavailable to you. Want to Upgrade?

To: Chris J who wrote (31)	12/14/1999 10:19:00 AM
From: FIJI	Read Replies (2) \| Respond to of 53

(COMTEX) B: NATHANIEL ENERGY CORPORATION AND MCCORMACK CONSULTANTS FO B: NATHANIEL ENERGY CORPORATION AND MCCORMACK CONSULTANTS FORM NATHANIEL EUROPE LTD. TO FULFILL CONTRACT FOR $90 MILLION IN ANNUAL REVENUES CASTLE ROCK, Colo., Dec 14, 1999 /PRNewswire via COMTEX/ -- Nathaniel Energy Corporation (OTC Bulletin Board: NECX) announced today the formation of Nathaniel Europe Ltd. in joint venture with McCormack Consultants, of Dublin Ireland, to install the first Nathaniel Thermal Combustor in Ireland. This significant announcement following on the recommendations of last weeks independent report from MC O'Sullivan, government consultants and authors of the Dublin Waste Management Plan, is the first commercial recognition and response to government policy to foster environmentally sustainable development and coincides with the recommendation that Ireland adopt thermal treatment as a replacement to the now socially unacceptable practice of landfill. Under terms of the contract, the facility will receive and convert up to 500,000 tons of municipal solid waste ("MSW") per year and expects in excess of US $90M in revenue annually. "After three years of intensive feasibility studies, we are pleased to be the first commercial project under the new Dublin Waste Management Plan," stated Stan Abrams, CEO of Nathaniel Energy Corporation. He further added, "Under the new regulations, at least 60% of solid waste must be incinerated to reduce the dependence on landfills. We are currently completing our due diligence and feasibility studies for six additional facilities in the Dublin area with a combined capacity of 5 million tons per year of MSW." The Thermal Combustor technology is a two-stage combustion system capable of burning most combustible waste materials and when adapted to a co- generation unit is capable of producing low-cost power. A typical single project utilizing 3 units is capable of producing the equivalent of a 10 megawatt power station, sufficient power generation for a city of 25,000 homes. Five million tons of MSW could produce as much as 500 megawatts of electricity. This translates into $150 million US. The Thermal Combustor, Nathaniel's patented environmentally friendly system for burning combustible waste materials, will be transported to Ireland in the 1st Quarter of 2000. The new facility should be fully operational within 90 days of delivery. The plant being shipped to Dublin is an enhanced version of a similar design which has operated successfully on the premises of the Atlanta Constitution Newspaper in Atlanta, Georgia, for the last 10 years, consuming all of the facility's waste per year while generating heat which is used by the newspaper in its printing processes. Nathaniel Energy Corporation (NECX) is a multi-faceted company that is implementing innovative and profitable ways to resolve the complex problem of waste disposal, recycling, re-use and the subsequent creation of low-cost fossil fuel suitable for creating energy for heating and electricity. NECX is creating an environmentally friendly Alternative Energy by providing an efficient, successful process to produce solid waste fuel, which can be used to create heat, steam and electricity for a variety of economically feasible applications. The statements contained in this release which are not historical facts contain forward-looking information with respect to plans, projections or future performance of the company, the occurrence of which involves certain risks and uncertainties that could cause the company's actual results to differ materially from expected results. Such risks include the timing of implementation and the scope and success of the program described here. CONTACT: Investors, Cesar A. Muniz, Managerial Advisory Services, Inc., in Tampa, 813-814-2725, or in New York, 212-214-0795 SOURCE Nathaniel Energy Corporation (C) 1999 PR Newswire. All rights reserved. prnewswire.com -0- CONTACT: Investors, Cesar A. Muniz, Managerial Advisory Services, Inc., in Tampa, 813-814-2725, or in New York, 212-214-0795 (NECX)