Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?

To: brian krause who wrote (51910)	7/16/2001 7:54:58 PM
From: charliex	Read Replies (1) \| Respond to of 62348

V.EAR signed for $1.85 million deal after hours today. stock has history of runs. short supply up to $0.80. might be worth looking at tomorrow. Release FYI Monday July 16, 5:57 pm Eastern Time Press Release EARTH Sells TORR System to Tonghua Petrol - China, Signs C$1.85 Million MOU MONTREAL--(BUSINESS WIRE)--July 16, 2001--EARTH Canada (CDNX:EAR.V - news) is pleased to announce that, following tests of TORR(TM) carried out in the People's Republic of China, an order has been received from Tonghua Petroleum & Chemical Machinery Manufacturing Co. Ltd (TPCM) for the purchase of EARTH's proprietary TORR(TM) system for use in the Daqing Oilfield, the largest in China. The order for RMB500,000 (C$93,000) to be delivered in the autumn of 2001 forms the initial part of a Memorandum Of Understanding (MOU) signed with TPCM. Specifically, based on the operational performance of TORR(TM) to be completed onsite at the Daqing Oilfield, TPCM undertakes to purchase a total of twenty TORR(TM) units in the coming year at a minimum value of RMB10 million (C$1.85 million). Beijing Environment Science & Technology Co. Ltd., EARTH's local representative, assisted in the MOU negotiations. TPCM, a subsidiary of publicly listed China Petroleum & Natural Gas Group, has been operating in China for 40 years and is one of the largest oilfield service companies in the country. The American Petroleum Institute (API) lists TPCM as one of only five companies in China on its Composite List, a directory of companies licensed to use the API Monogram and the APIQR Registration Mark and designed to help buyers of API specified equipment locate qualified manufacturers around the world. EARTH's TORR System will be installed by TPCM on large trucks and used as a mobile solution to treat oily water generated from cleaning of oil wells in the Daqing oilfield. This oil field is the largest in the PRC, with an annual production of 40 million tonnes. TPCM is incorporating additional complimentary equipment on the truck around the TORR ``centrepiece'' to treat oily water under varying circumstances. Commenting on the sale, EARTH's President & CEO, Edward Akkawi says: ``We are delighted that EARTH has secured its first sale in China. This provides a foot in the door to the large and profitable Chinese oil field services market. With their engineering capabilities, TPCM makes an ideal partner for EARTH and for the promotion of EARTH's unique technology in China. We look forward to a long and mutually beneficial association.'' About Tonghua Petroleum Website: www.thsyh3.8u8.com American Petroleum Institute Composite List www.api.org About EARTH's Unique RPA® & TORR(TM) technologies: No waste is created & none needs to be disposed of Allows full recovery of sorbed oil, including emulsified oils It is the only reusable hydrocarbon absorbent, making it economically and environmentally friendly to use. Contact: EARTH (Canada) Corporation Edward Akkawi, 514/522-5550 or 1-877-4RPA-TEC Email: investor@earthcanada.com Web: www.earthcanada.com