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Non-Tech : Life Energy & Technology Holdings, Inc. (LETH) -- Ignore unavailable to you. Want to Upgrade?

To: scion who wrote (215)	10/31/2003 1:22:57 PM
From: scion	Respond to of 266

LIFE ENERGY & TECHNOLOGY HOLDINGS INC filed this 10QSB on 10/20/2003. In September 2003, the Company received proceeds of $9,839,871 from the sale of 6,559,914 shares of common stock to a financing company pursuant to Rule 506 of Regulation D filing in July 2003. The funds will be used for working capital. In In September 2003, the Company received proceeds of $10,160,129 from Diamond Ridge Advisors for the manufacture of the first Biosphere Process[TM] System for Green Energy Management. The Company entered into a sales agreement to sell a mininium of 10 Biosphere Process[TM] Systems to a company located in Louisiana. Management expects that the manufacture cost of the first Biosphere Process[TM] Systems will be funded through a credit line obtained by the Company from Diamond Ridge Advisors, Inc. The remaining nine Biosphere Process[TM] Systems will be paid by for from a credit line received from the financing company to be drawn down as required. .