Aquatic Cellulose Dispatches $130,000 Shipment for U.S. Distribution
October 30, 2000 1:40:00 PM ET
VERNON, B.C.--(BUSINESS WIRE)--Oct. 30, 2000--Aquatic Cellulose AQCI, a leader in the emerging aquatic timber harvesting industry, today announced it has shipped $130,000 worth of ecological lumber from Brazil to the U.S. for immediate distribution.
"On October 22nd, we shipped a total of 6 containers of dimensional rough cut lumber, valued at $130,000, from Port of Belem. They are scheduled to arrive in Oakland, CA by November 22nd," stated Gary Ackles, Aquatic CEO. He added, "We have arranged to meet with several large buyers upon receiving shipment, and we anticipate much, if not all of this inventory being sold by the end of our current quarter."
"Species shipped include Brazilian Cherry and Ipe," stated Frank Van Vranken, Head of AQCI's International Operations. Aquatic says while its ecological hardwoods are ideally suited for a wide range of commercial and industrial applications, the company reports strongest demand in the U.S. coming from flooring and decking manufacturers. Mr. Van Vranken stated, "Within these markets, Brazilian Cherry and Ipe are among the most durable and popular tropical species. At the same time we have targeted flooring and decking, we are also developing new markets in the U.S. for our other exotic species, such as Massaranduba, Mahogany and Purpleheart, to name a few."
"As we accelerate our production in Brazil, I anticipate our sales and margins in the U.S. to increase accordingly," stated Mr. Ackles. He concluded, "I expect additional announcements of sales in the very near future." About the Company
Aquatic Cellulose International Corp. (AQCI) is a growth stage, technology based company retrieving what was once considered a lost natural resource. That resource is aquatic timber. Gary Ackles, CEO of AQCI, has patented a revolutionary robotic harvesting technology, granting exclusive rights to AQCI for use in the forest industry. With this technology, AQCI is pioneering the worlds first robotic Aquatic Timber Harvester (ATH). The ATH performs a series of underwater cutting and retrieving tasks once only performed by teams of divers. By eliminating divers, the ATH dramatically increases both output and efficiency, enabling commercial operations of equal scale to land based logging companies. This technological breakthrough is effectively transforming aquatic timber harvesting into a multibillion dollar global industry.
In November, 1999, AQCI began it's first commercial operation at Tucurui Lake in Northern Brazil. Covering over 450,000 acres of inundated Amazon rain forest, the estimated time for completion of this multiphase project is twenty years. In addition to this project, AQCI has plans to further expand it's reach into Brazil, as well as to develop other projects worldwide.
From its Tucurui Lake harvesting project, AQCI has introduced a unique product line of "water cured" tropical hardwoods called Amazon Line. Uncompromisingly beautiful, durable and above all ecological, Amazon Line is being marketed in the U.S. as a leading environmental timber alternative. AQCI has secured the Internet domain name www.AmazonLine.com with plans to launch the website for e commerce later this fall.
Counting over 40,000 dams worldwide, not to mention endless lakes, rivers and tributaries, there are seemingly unlimited global opportunities for expanding AQCI's operations. To learn more about this fascinating company, please visit AQCI's website: www.AquaticCellulose.com and join the company's growing e-mail list.
This press release contains statements that constitute forward statements, as defined in the Private Securities Litigation Reform Act of 1995. Forward looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that may cause or contribute to such differences include, among other things, the Company's dependence on one customer, seasonality of the Company's retrieval business and risk of future losses from operations. Other risks and uncertainties include changes in business conditions and the economy in general, changes in governmental regulations, unforeseen litigation and other risk factors identified. The Company undertakes no obligation to update these forward-looking statements for revisions or changes after the date of this press release.
The NASD OTC has neither approved nor disapproved of the information contained herein.
© 2000 BusinessWire |
