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Microcap & Penny Stocks : Rentech(RTK) - gas-to-liquids and cleaner fuel -- Ignore unavailable to you. Want to Upgrade?

To: Mighty_Mezz who wrote (1547)	3/3/1998 7:02:00 PM
From: Fred Ragan	Respond to of 14347

Hope its's sooner. Took some profits on TAVA friday and bought 6800 more RNTK. Like to replace that TAVA,

To: Mighty_Mezz who wrote (1547)	3/4/1998 3:51:00 PM
From: Mighty_Mezz	Respond to of 14347

DENVER, March 4 /PRNewswire/ -- Rentech, Inc. (Nasdaq: RNTK), today announced it has finalized the terms of its agreements with ITN Energy Systems, Inc. (ITN/ES), a privately-owned Colorado corporation. The implementation of the agreements between Rentech and ITN/Energy Systems consummated Rentech's minority ownership in the ITN/ES parent as outlined in the Limited Liability Company agreement previously announced on November 8, 1996. Rentech and ITN/ES also solidified the terms of the July 9, 1997 press release. At that time Rentech and ITN/ES disclosed the formation of a limited liability company designated as ITN Electronic Substrates LLC for the manufacture and sale of thin-film flexible and rigid substrates. Rentech and ITN/ES each own 50% of the Electronic Substrates LLC. Rentech will provide financial, managerial and marketing support to the LLC. ITN/ES will provide the thin film production equipment and scientific, technical and engineering expertise as its contribution to the business. The thin film will be electronically coated with metal deposits that provide conductive paths to which computer chips may be attached. The substrates will be sold to the computer, aerospace and medical instrument industries. Other purchasers will include businesses that manufacture their own products using the thin film substrates. Additionally, Rentech and ITN/ES are accelerating the final development of its Thermal Heat Engine and expect to begin marketing during 1998. The engine produces power based upon the temperature differentials between special metal alloys which form its operating parts. The engine can provide a simple and inexpensive source of power in remote areas where standard power sources are not available. Rentech is in the process of leasing a facility to accommodate the joint venture. The leasing of the facility will provide for the economical consolidation of financial and operational staffing between Rentech and ITN Electronic Substrates LLC in regard to the designated technologies. ITN Energy Systems is owned and operated by Dr. Mohan S. Misra and was formed to commercialize certain technologies that originated in the defense and aerospace industry. For fifteen years prior to forming ITN Energy Systems, Dr. Misra directed materials research and development for advanced programs for Martin Marietta Corporation and was the corporate strategic technologist in charge of developing that company's long-term technology strategies for aerospace and commercial applications. Dr. Misra is also the President of and directs technical development for Global Solar Energy L.L.C., a venture with TEP Solar Energy Corporation, a wholly-owned subsidiary of Tucson Electric Power Corporation (NYSE: TEP), for the production of thin-film photovoltaic modules. Dennis Yakobson, President and CEO of Rentech stated, "The formation of the LLC provides both companies with a tremendous opportunity to broaden their respective businesses on a cost effective and economical basis while providing significant upside potential for both parties. Rentech looks to the future with ITN/ES as we continue moving forward with the Rentech business development plan that was initially implemented 18 months ago." SOURCE Rentech, Inc. /CONTACT: Mark Koenig, Director-Investor Relations of Rentech, Inc., 303-298-8008 or E-mail, RNTK1331@aol.com/ /Web site: gastoliquids.com (RNTK)