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Microcap & Penny Stocks : ESWW for a breath of fresh air -- Ignore unavailable to you. Want to Upgrade?

To: dkgross who wrote (214)	9/21/2000 5:17:52 PM
From: jmhollen	Read Replies (1) \| Respond to of 451

ESWW moves closer to letting Enviro Cat out of its bag By Peter Lim Published by OTCNN.com 09/21/2000 03:53 PM EST Environmental Solutions Worldwide, Inc. (OTCBB: ESWW) edges closer to introducing its full-sized Enviro Cat catalytic converter to the market, having concluded testing of the devise and confirming the effectiveness of its company’s proprietary technology. The Enviro Cat is designed to reduce toxic emissions, including nitrous oxide, expelled by internal combustion engines in automobiles. While catalytic converters currently on the market are typically made of precious metals, the Enviro Cat uses a mix of ceramics and base metal powders, Environmental Solutions CEO Mark Nicole said. Existing catalytic converters cost about $125 compared to the expected price of $25-$30 for the Enviro Cat, he said. The Enviro Cat also operates at a lower temperature and is more durable than existing catalytic converters, he added. “There are three parts to our market,” Nicole said. “First, the auto manufacturers. But they subcontract their exhaust systems, like everything else, to other companies. So the second part of our market is the exhaust manufacturers. And disproportionate amount of the exhaust system in terms of cost is currently allocated to the catalytic converter. The third part of the market is the retrofit market.” The retrofit market lies mainly in the third world, Nicole said, where the Enviro Cat can be fitted on to old, gas-guzzling vehicles to substantially reduce emissions. India, China, Pakistan and several Middle Eastern countries in particular have very bad vehicle emission levels and the existing catalytic converters are typically beyond the reach for most third world countries, in terms of price, he said. An advisor to the Pakistan Department of Environment has already expressed interest in the product, Nicole added. Environmental Solutions is a development-stage company whose mission is to identify, develop and take to market new technologies in the environmental sector. Besides the Enviro Cat, the company is also engaged in other projects including developing an environmentally friendly spark plug. “Our role in life is to take new technology and look at the status that they have,” said Environmental Solutions CEO Mark Nicole. “And having identified them, access them, and then provide the resources you need to take them into commercialization. That requires funding, obviously, it requires project management and the ability to run R&D.” The company’s business strategy is not to go into full production of its inventions but rather enter into joint ventures and licensing agreements with companies to develop and distribute its patents. Environmental Solutions depends on banks, private placements and financial institutions for its funding. Asked when the company is expected to move into its revenue-generating phase, Nicole replied, “Some people would like to think we would move this current financial year, but I think that will be optimistic. I think as we sit here and thaw, the year 2001 will be the first time we’ll see revenues coming in (from the Enviro Cat).” Environmental Solutions has been publicly traded since February 1999 when BBL Technologies reversed into the company. The Ontario-based company’s stock trades at about $2.00 and reports 28,003,000 shares outstanding. “Our plan is that when we have stabilized the price above the $4-mark, we will make the formal application (to NASDAQ),” Nicole said. “What we don’t want to do is to allow the stock just to go up there and then come back down again. We want to make sure that we have real stock value before we do that.”