To: don roberson who wrote (2882 ) 3/17/1998 9:32:00 PM From: Rebecca Helms Read Replies (1) | Respond to of 6464
This may answer some questions about Baat news and company faxes. I copied two posts from "miraclewon" on the Yahoo thread. The same question was posed regarding receiving faxes from Baat. Also, more details from the news release were typed by "miraclewon" and are posted here for your review. ------------------------------------------------------------------- The way you get a fax from a company is to be put on their fax list. Almost all public companies keep a list and fax out their press releases. Sometimes the faxes are faster than some wire services sometimes they are not. Call BAAT and ask to be put on their fax list. Good Buying! -------------------------------------------------------------------- Here is another post from "miraclewon" on the Yahoo thread with excerpts from the news release: The fax does not say how much BAT owns of the subsidiary. Here is some more information from the fax. "BAT International (BAAT:)TC) has been planning for its entry into the power generation business for over 2 years, and has now formed a new subsidiary company, Southern States Power Company, Inc. (SSPC). With deregulation of the utilities now taking place in California and many states soon to follow, BAT management saw an opportunity for BAT technology, which was developed for the transportation industry to be applied to the power generation industry. With 20 years experience as Technical Superintendent and Manager for Con Edison of New York (one of the largest utilities in the U.S.) Josehph LaStella, president of BAT International, saw this as a logical move for the company. The new president of Southern States Power is Hebert Bishop, who has extensive contacts in the power generation industry and is a board member and part owner of Magna Energy Systems. Magna Energy Systems is involved in several power generation ventures including: the planning and construction of a 90 megawatt power plant in Henderson, Nevada, which was built at a cost of $108,000,000. The Henderson plant is one of the most successful co-generation facilities in the U.S. and has been generating power for Nevada Power for the past six years." Fingers are getting tired, but you get the picture. Have not been this excited about BAAT since the Skoda/Lockheed announcement. Good Buying! --------------------------------------------------------------------- I hope this is helpful in answering some of your questions. We will all know more tomorrow and must be patient for now. Best wishes, Rebecca