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Gold/Mining/Energy : National Challenge Systems (TSE:NLC) -- Ignore unavailable to you. Want to Upgrade?

To: Cal Gary who wrote (448)	2/23/2000 10:32:00 AM
From: Cal Gary	Read Replies (1) \| Respond to of 453

National Challenge discusses patent protection National Challenge Systems Inc NLC Shares issued 19,622,856 2000-02-22 close $2.1 Wednesday Feb 23 2000 Mr. Floyd Wandler reports National Challenge's organic resource recovery system (ORRS) marketing partner, Organic Resource Technologies Inc. (ORTI), has received Canadian intellectual property office notification of the allowance for Canadian Patent Application No. 2,168,068, Process for Disposal of Decomposable Organic Waste. This low-cost, direct-land application process recovers organic wastes as beneficial agricultural soil conditioners. ORTI's program, which has operated very successfully since 1990, is especially effective for the beneficial reuse of organic waste containing high concentrations of plant and animal fats, oils and greases (FOG). "We are pleased to receive this verification of our leadership position in the Canadian marketplace," ORTI's president, Douglas Carruthers, stated. "These FOG wastes are typically very difficult to manage and recover beneficially. Our unique waste recovery program has allowed us to grow our Ontario vacuum truck collection services aggressively. The Canadian protection in conjunction with our existing United States patent affords us an exciting boost for our future expansion plans." "I am excited to see this confirmation of National Challenge's long-standing belief in the superior quality of the ORTI program for FOG," says Floyd Wandler, National Challenge's president and chief executive officer. "We are convinced that ORTI's strategic plan to marry their FOG program with other organic waste recovery technologies like International Bio-Recovery Corp.'s (IBR) and the ORRS collection technology establishes the foundation for a complete customer service program." When NCS completes the pending acquisitions announced in Sept. 20, 1999, it establishes a new business line combination of vacuum truck-based collection services, with the ORRS technology and IBR's proprietary technology that efficiently converts biodegradable waste into valuable end products. As a bonus, these services will accommodate large volumes of the traditionally difficult to manage FOG in the patented direct-land application programs. NCS and ORTI International, the holder of the U.S. patents for the ORRS machines and the land application process, are very close to reaching final agreement with regard to the purchase of the right to use these patents in the rest of the world. (c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com