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To: Jim Bishop who wrote (28564)	2/17/2000 11:03:00 AM
From: SSP	Read Replies (1) \| Respond to of 150070

TTRIF - BRITISH COLUMBIA SECURITIES COMMISSION - BCSC Partially Lifts CTO to Allow Some Thermo Tech Shareholders - to Sell Their Shares Vancouver, BC, Feb. 17, 2000 (Market News Publishing via COMTEX) -- The British Columbia Securities Commission has partially lifted a cease-trade order against shares of Thermo Tech Technologies Inc. to allow some B.C. shareholders an opportunity to sell their stock. In an order issued on February 16, 2000, Deputy Director of Compliance Gerry Halischuk said partially lifting the cease-trade order would allow B.C. shareholders who bought shares prior to the ban being imposed July 14, 1999 a chance to sell their holdings. However, the cease-trade order continues to apply to former and current insiders of the company and their associates, a list of which is included with the order. The order was imposed last summer after the former B.C. company failed to file certain material change information. It continued after the company failed to file a business plan and other information to satisfy commission staff that the company was conducting its business with integrity, was obeying the law and acting in shareholders' best interests. "We are partially lifting this order because we don't think it goes against the public interest to allow people who purchased stock before July 14 an opportunity to sell it now," said Halischuk. "However, this does not apply to those who purchased shares after July 14, 1999, when we first cease-traded the company. Those share purchases violated the cease trade order." Shares of the company now trade only on what is known as the Over the Counter Bulletin Board (OTCBB), an electronic quotation service offered by the North American Securities Dealers (NASD). The OTCBB operates in the United States but the cease-trade order makes it a violation for any securities dealer in B.C. or any B.C. resident to buy or sell the shares in the company. Recent reports have caused the shares to dramatically increase in value, prompting shareholders to consider selling their shares. A copy of the Partial Revocation of the Cease Trade Order can be viewed on the commission's Web site (www.bcsc.bc.ca). The British Columbia Securities Commission is the independent provincial government agency responsible for regulating trading in securities and exchange contracts within the province. -0- TEL: (604) 899-6500 Michael Bernard TEL: (604) 899-6500 Michael Bernar TEL: 1-800-373-6393 (BC only)