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.

Technology Stocks : Thermo Tech Technologies (TTRIF) -- Ignore unavailable to you. Want to Upgrade?

To: Robert J Mullenbach who wrote (3971)	4/16/1998 1:33:00 PM
From: Casey	Read Replies (1) \| Respond to of 6467

Attention Business Editors: THERMO TECH(TM) WINS THIRD PARTY ENDORSEMENT OF ITS THERMO MASTER(TM) PLANT TECHNOLOGY FROM INDUSTRY EXPERTS VANCOUVER, April 16 /CNW/ - Thermo Tech(TM) Technologies Inc. (NASDAQ: TTRIF) announced today that Dillon Consulting Limited, an independent professional consulting firm, has concluded its comprehensive study of the Company's Thermo Master(TM) technology and reported that the Thermo Master(TM) process is a ''well proven operation for converting low value organic food and sludge wastes into valuable end products.'' Their published findings also verify the technical soundness of the recently completed engineering design documents for the third generation of Thermo Master(TM) plants now under construction and, perhaps more significantly, further validate the Company's financial and profit projections for individual plant performance. Ren Branconnier, President and CEO of Thermo Tech(TM) stated, ''Receiving Dillon's strong and positive endorsement of our technology simply serves to further validate what we have maintained all along - Thermo Tech(TM)'s proven technology is not only innovative, but it serves to profit the environment, our customers, our Company and ultimately our loyal shareholders.'' Wayne Hansen, Chief Financial Officer of the Company, added ''This engineering assessment is the final document required to finalize the non-recourse debt financing for the Thermo Master(TM) plant. It should also assist us in concluding numerous additional debt financing negotiations for planned plants to be constructed in North America, including Industrial Revenue Bonds.'' With over 60 years of combined professional experience in the industry, the authors of Dillon's published report are senior engineers with doctoral degrees in Chemical and Environmental Engineering. Headquartered in Canada, Dillon Consulting Ltd. is an international consulting organization specializing in the successful application of science, technology and management. Its team of professionals are experienced in over 30 distinct disciplines and include professional engineers, architects, planners, landscape architects, economists and physical and social scientists. The firm operates in the United States, Canada, Central and South Americas, the Caribbean Region, and the Pacific Rim. The Company also announced today that its Thermo Master(TM) plants will be the subject of a televised feature to be aired during prime time on the Discovery Channel. Filming was completed on April 14 and final production is underway for airing sometime in the coming weeks. Thermo Tech(TM) will formally announce the official air date and time of the program as soon as it is notified by the show's producers. Thermo Tech(TM) Technologies Inc. is a leader in organic waste recycling with offices in Vancouver and Toronto, Canada and Atlanta, Georgia. Thermo Tech(TM)'s patented thermophillic process is utilized in compact and environmentally friendly Thermo Master(TM) plants to convert biodegradable food waste into high protein animal feed and waste water treatment sludges into fertilizer concentrate. Certain statements contained herein are ''forward looking statements'' (as such term is defined in the Private Securities Litigation Reform Act of 1995). These statements are based upon the belief of the Company's management, as well as assumptions made beyond information currently available to the Company's management. Because such ''forward looking statements'' are subject to risks and uncertainties, actual results may differ materially from those expressed or implied. Such forward looking statements include but are not limited to, competitive factors, general economic condition, customer relations, relationships with vendors, government supervision and regulation, product introductions and acceptance, technological changes in industry practices, and other factors discussed in filings made by the Company with the Securities and Exchange Commission. The terms Thermo Tech(TM) and Thermo Master(TM) are registered trademarks of Thermo Tech(TM) Technologies Inc. The term Thermo Master(TM) is licensed for use by both Hamilton Bio Conversion Inc. and Brampton Bio Conversion Inc. %SEDAR: 00003482E -0- 04/16/98 For further information: Investor Relations, Thermo Tech(TM) Technologies Inc. (604) 534-5085 or Mr. Mark Abernathy, Continental Capital & Equity Corporation (407) 682-2001 -------------------------------------------------------------------------- Release sent courtesy of Canada NewsWire Portfolio Email. To update your email portfolio, point your web browser here: portfolio.newswire.ca Canada's Business Report Segments of Canada's Business Report can now be heard on the CNW web site (www.newswire.ca) in streaming audio. Canada's Business Report is a new live radio program that delivers time-critical information on stock market activity, mutual funds and bonds, changes on the exchanges and independent business issues. The half-hour report airs daily Monday to Friday from 6:30 p.m. - 7 p.m. (EDT) on Talk 640 AM in Toronto. Hosted by well-known Canadian broadcaster Ron Adams, Canada's Business Report is a regular source of information for amateur and professional investors. --------------------------------------------------------------------------