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Gold/Mining/Energy : Global Thermoelectric - SOFC Fuel cells (GLE:TSE) -- Ignore unavailable to you. Want to Upgrade?

To: Stephen O who wrote (5353)	10/10/2001 9:24:17 AM
From: Vitalsigns	Respond to of 6016

Someone knows something, hence today's activity. They better have a news release toute de suite or there will be cries of insider trading. It could be that the US is finally waking up to GLE. It has been known for some time now that GLE intends to List in the US, that requires a $7.50 share price over 20 trading days . At current levels, if one likes what they see at GLE , a buy at these levels below the $7.50 price point is a good bargain while you wait for more details and a listing. Suburban is NYSE listed and so was Delphi, which means that it did get a read in the US and sometimes these announcements take time to digest. Some Funds may have wanted to buy sooner and then decided to wait it out after the Sept 11 attack to see if they could get it cheaper. It would now appear that after yesterdays trading ,that some are no longer willing to wait . That is always a good sign, I have liked GLE for a very long time, I have not always held it because of market weakness and its eventual effect on the stock , but recently I have gotten back in at early 1999 levels once again. GLE has alwasy stated that they are world leaders in SOFC, now its time for the market to decide wether that is a worthy statement or not. If they(Funds and Institutions) come and buy up GLE shares then there is something to GLE , and it may not be immenent News right away, but Funds and Institutions grabbing a seat ahead of the eventual announcement that GLE has stated publicly over and over again are going to happen. We are in accumulation phase,.

To: Stephen O who wrote (5353)	10/10/2001 5:26:26 PM
From: Vitalsigns	Read Replies (1) \| Respond to of 6016

You asked for it , you got it :) newswire.ca CALGARY, Oct. 10 /CNW/ - As part of its North American initiative to develop distribution partnerships for its fuel cell products, Global Thermoelectric Inc. ("Global") today announced that Global and Citizens Gas & Coke Utility ("Citizens") of Indianapolis, Indiana have signed a Memorandum of Understanding ("MOU") regarding a project to modify Global's residential Solid Oxide Fuel Cell ("SOFC") products as well as engaging Citizens to distribute Global's SOFC products. The MOU is the basis for the future definitive legal agreement covering these subject areas. The MOU contemplates that under the terms of the definitive legal agreement the parties will compile market and customer data as well as conduct on-site and field-testing of Global's SOFC products. The objective of these activities is to ensure the compatibility of Global's SOFC products with local market conditions, including such variables as customer preferences, load profiles and codes and standards. Upon the successful completion of this joint development and evaluation project, which is to be funded equally by both parties, the MOU also contemplates a long term business relationship whereby Global will provide Citizens with distribution rights within Citizens' primary territory, Indianapolis. Citizens is the sole natural gas distributor in Indianapolis, Indiana with over 262,000 residential, commercial and industrial customers. Citizens is a Public Charitable Trust established more than 100 years ago for the sole benefit of the residents of Marion County or Indianapolis. Citizens is the only Trust-directed utility in the country. For more information on Citizens Gas visit the Web site at: www.citizensgas.com Global Thermoelectric Inc. is a world leader in the development of SOFC products. The Company is also the world's largest manufacturer and distributor of thermoelectric power generators for use in remote locations. Global is developing SOFC products that can easily, cleanly and economically obtain hydrogen from hydrocarbon fuels. The Company is prototyping residential and remote power systems to be fuelled by natural gas or propane. Global is listed on The Toronto Stock Exchange (stock symbol: GLE). %SEDAR: 00002531E