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To: Robert Rose who wrote (93899)2/17/2000 2:21:00 PM
From: H James Morris  Read Replies (2) | Respond to of 164684
 
Robert, I bought it in the low 30's.
>
PALM BEACH, Fla.--(BUSINESS WIRE)--Feb. 7, 2000--Florida based RAM Capital Management announced today the creation of an investment vehicle designed to assist companies involved in hydrogen energy technology and the emerging fuel cell infrastructure.

"The Fuel Cell Venture Capital Fund will offer a complete package of financial, sales and marketing solutions to the rapidly emerging fuel cell technology sector," stated Steven Oshinsky, GM of RAM Capital. A new website is currently under construction at fuelcellventurecapitalgroup.com and an announcement of it's unveiling will be forthcoming.

The last 60 days has seen a dramatic upward adjustment in the market capitalization of many fuel cell companies. Driven mostly by the Transportation and Oil Industries, hydrogen is now on the tip of investors' tongues and fuel cells have become the focus of news stories everywhere. General Electric, (NYSE: GE), part owner of fuel cell manufacturer Plug Power, is aggressively developing residential fuel cell distribution channels in the US and Europe. And even Bill Gates, Co-Founder of Microsoft, (NASDAQ: MSFT) has entered the game, which sent shock waves through the hydrogen community when his investment in Seattle-based Avista Labs, (NYSE: AVA) was revealed. GE backed Plug Power, (NASDAQ: PLUG) has surged from $15 to $156, and DCH Technology, (OTC BB: DCHT) a manufacturer of hydrogen sensors and portable fuel cells has surged from $.75 to $10.00.

"The events of the last two months demonstrate to us that Wall Street is finally taking the fuel cell industry seriously, so naturally we want to increase our holdings in this sector. We see a tremendous opportunity in the secondary issues in the hydrogen and fuel cell industry with some of the most important support and infrastructure equipment technologies still in the hands of small under-capitalized companies, both public and private. These companies do not have the same access to the vast amounts of capital and marketing resources as their larger Wall Street-backed counterparts do, so they remain ignored and under-funded.

We believe that an Investment Banking niche has been created, and the fuel cell venture capital fund will address these opportunities. Companies that the fund takes a position in will also receive sales and marketing support combined with product visibility on our highly successful hydrogen Internet portal located at copower.com

To further these goals, RAM Capital Management and CoPower.com have joined the prestigious California Hydrogen Business Council. RAM Capital, through the FC Venture Capital Fund and CoPower.com will offer CHBC members a high profile marketing vehicle to assist them in transporting their vision of the fuel cell future into active and successful commercialization. "We look forward with great enthusiasm to working with some of the hardest working people in hydrogen today."

The CHBC is a leading Hydrogen industry business, information and education group. California is also home to the California Fuel Cell Partnership and the world's first hydrogen refueling station. Member public companies of the CHBC include ARCO, (NYSE: ARC), AlliedSignal Honeywell, (NYSE: HON), Ballard Power Systems, (NASDAQ: BLDP), (TOR: BLD), BP Amoco, (NYSE: BPA), DCH Technology, (OTC BB: DCHT), Ford Motor Company, (NYSE: F), Fuel Cell Energy, (AMEX: FCL), Lockheed Martin, (NYSE: LMT), Nissan, (NASADAQ: NSANY), and Royal Dutch Shell, (NYSE: RD). The CHBC website is located at ch2bc.org

CoPower.com is an Internet based marketer of hydrogen energy technology located on the world wide web at copower.com Products currently featured are PEM fuel cells, hydrogen sensors and safety systems manufactured by DCH Technology, and wearable computers manufactured by Xybernaut Corporation, (NASDAQ: XYBR)