To: John Seymour who wrote (4029 ) 5/5/1998 10:11:00 PM From: John Seymour Read Replies (1) | Respond to of 6467
New Press Release: VANCOUVER, May 5 /CNW-PRN/ - THERMO TECH(TM) TECHNOLOGIES INC. Listed : NASDAQ Trading Symbol: TTRIF THERMO TECH(TM) TECHNOLOGIES INC. (The Company) is pleased to announce the May 12th Grand Opening of Northwood Recycling and Energy Inc., owned by Ontario Thermo Tech(TM), the Company's joint venture partnership with Ontario Disposal. The Certificate of Approval issued for the site allows throughput of 800 metric tons per day, competitively priced at $70-80 per metric ton or approximately $56,000 in gross revenue per day. The opening of Northwood, strategically located just north of Highway 401, the main Toronto-Montreal corridor and immediately adjacent to a major new route, is perfectly timed. With the recent closure of the Brock Road Landfill which serviced Eastern Toronto and the Region of Durham, Northwood will be in an ideal position to provide this much needed and critical alternative for customers in the area. The Northwood facility utilizes a revolutionary new vault compaction system for solid waste handling which: (1) unlike conventional compactors, generates trailer sized loads and greatly reduces handling time; (2) allows the operator the ease of maximizing payloads and minimizing handling and transportation costs; and (3) eliminates double handling for trailers and containerized waste. Thereby, the system ensures minimal costs and effective long term viability of the transfer facility. Construction at the Northwood site of the 400-metric ton per day. Oshawa Bio Conversion, Thermo Master(TM) Plant will enable Ontario Thermo Tech(TM) to offer the most advanced and comprehensive recycling alternative in Canada. Mr. Ren Branconnier, President and CEO of the Company stated. ''The Grand Opening of the Northwood facility is the first of many anticipated major developments with our Ontario Thermo Tech(TM) joint venture. The progress that has been made over the past months, as we have worked together to form this powerful alliance and comprehensive waste management system, tells me that we have made a strategic decision that is already paying off.'' Thermo Tech(TM) Technologies Inc. is a leader in organic waste recycling with offices in Vancouver and Toronto, Canada and Atlanta, Georgia. Thermo Tech's(TM) patented thermophilic 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. ON BEHALF OF THE BOARD OF DIRECTORS OF THERMO TECH(TM) TECHNOLOGIES INC. Per: Daniel B. Cumming Director The terms Thermo Tech(TM) and Thermo Master(TM) are registered trademarks of Thermo Tech(TM) Technologies Inc. The term Thermo Master(TM) is licenced for use by Hamilton Bio Conversion Inc., Brampton Bio Conversion Inc., Richmond Bio Conversion Inc., Oshawa Bio Conversion Inc,, and Niagara Bio Conversion Inc. SOURCE: Thermo Tech(TM) Technologies Inc. /CONTACT: Vancouver Corporate Office, (604) 514-8390; Toronto Corporate Office, (905) 450-8866; Atlanta Corporate Office, (404) 816-9003/ (TTRIF)