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To: Al Collard who wrote (151)	4/12/2001 12:41:37 PM
From: Al Collard	Read Replies (1) \| Respond to of 592

A "Stock to Watch"...APK-v Altek Power's development permit receives approval Altek Power Corporation APK Shares issued 25,894,960 Apr 11 close $0.66 Thu 12 Apr 2001 News Release Mr. Byron Loewen reports On April 11, 2001, Altek Power was provided with the following notification by the Town of Fort MacLeod: "The time period allotted for appeals to the Development Permit Application 03/2001 -- Altek Independent Power Corporation has expired without appeal. The application is therefore approved as presented with the conditions for development as presented in the notice of decision from the March 23, 2001, meeting of the municipal planning commission. The Development Permit Application 03/001 has been approved as presented and therefore becomes the Development Permit 03/001 -- Altek Independent Power Corporation through the Town of Fort MacLeod." The company has further been invited by the town to make application for a building permit for construction of the facility when it is ready to do so. As was reported in Stockwatch April 10, 2001, the company and its joint venture partner, Texas-Australia Power Inc., are in the process of considering various financing options for the Fort MacLeod project, the particulars of which shall be announced as soon as they are finalized. The company and its joint venture partner, Texas-Australia Power Inc., also continue to review other opportunities in electrical generation in North America, however all such opportunities remain in the negotiation stage at this time. It is the mission of Altek Power Corporation to provide cost-effective and environmentally friendly alternative energy solutions.