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Technology Stocks : Advanced Engine Technologies (AENG) -- Ignore unavailable to you. Want to Upgrade?

To: articlight who wrote (369)	5/29/1998 8:01:00 PM
From: Greg Cummings	Respond to of 3383

Today, I spoke via the telephone with Carroll Shelby, the legend. He said he wanted to send me a statement he'd written regarding some of the posts on the Silicon Investor bulletin board. Here it is in it's entirety.......... May 29, 1998 I have been made aware of the fact that there are individuals making representations about myself, my association with Advanced Engine Technologies, Inc. and the OX2 Engine itself. It appears these parties have some ulterior motives to benefit themselves despite the harm they might do to others. I'm hearing about people being planted on the Internet to put out false claims and of a reporter misrepresenting his intentions then writing a suspicious story. I'm shocked when I am told what firm is behind this and what their motives are. With all this in mind, I feel it necessary to dispel these rumors, lies and erroneous statements being intentionally made. I have witnessed the OX2 engine operate on a number of occasions. It does what is claimed of it and it is for real. For anyone to insinuate that I have not done my homework and analysis of this before entering into an agreement is absurd. As for the many so called engineers making statements that it will not perform. How can they say that without understanding how the engine operates, or without even seeing it run on a dyno? In addition, I have been called by other major corporations who wouldn't be wasting their time if they didn't think this was for real. In the beginning when the engine was first brought to my attention, as I have seen most of the engine inventions over the last 50 years, I was skeptical. I have been through the Wankel, Sterling, Orbital and most of the others in the last 50 years. I do know that in all the tests so far, the OX2 engine is for real. Carroll Shelby ********END******* but read on........ In my opinion, his statements speak volumes! Mr. Shelby would greatly appreciate NOT hearing from anyone on this BB or anywhere else regarding validation, etc. He is a business man who is working very hard. He wants to spend his time putting this engine to use. Please, leave the man and his business alone. Best of Luck, Greg

To: articlight who wrote (369)	5/29/1998 8:10:00 PM
From: Greg Cummings	Respond to of 3383

What follows was written today by Bob Teague, the famous power boat racer. He is the owner of Teague Custom Marine, one of the first stops on the AENG tour. Here is his letter in its entirety: May 29, 1998 I have been in the engine business in one form or another all my life. My company, Teague Custom Marine Inc., was formed 28 years ago when I decided to put all my efforts into high performance boating. Teague Custom Marine, Inc. is now a household name when it comes to the high performance marine arena. One of our main focuses is Offshore racing. Last year, boats and engines prepared by my company were Divisional Champions in every class we competed in. We also won the National Title in Offshore B and were 2nd in the Worlds in three classes. All of this success is based on engines and installations developed by myself and my staff. A few years ago, I was approached at the Ventura Race regarding this "new" engine design, I am basically skeptical of anything that is magic and new, so I didn't take it too seriously. But after continued contact with the OX2 Corporation, I gained interest. Once I learned the principals and the design, I recognized why it received so many novelties in the US Patent process. At that point, I decided to invest in the company and to become an advisor to the Board in the interest of what benefits this engine could possibly bring to several facets of the marine industry. Before I made my commitment, I contacted other prominent people that I respect in the automotive industry that had knowledge of the engine...they were also amazed. I hosted a demonstration of this engine at my facility in Valencia, California which is now the subject of a magazine article in HOT BOAT Magazine this month. Several prominent industry people attended along with many other publications such as POWERBOAT Magazine and TRAILER BOAT Magazine. I am told that reports will appear in the other magazines as well. During the demonstration at my facility, I personally verified that the engine was producing about 200 foot pounds of torque at about 1300 RPM. This is quite a feat for a motor that is so small. Other amazing features include very low exhaust temperature and what appears to be unheard of fuel economy. Our figures indicated that the fuel economy is in the .19 brake specific level. This fuel economy has been verified by an independent organization in Detroit. I also accompanied the engine to the demonstration at Mercury Marine. Once again, this amazing economy was a prominent subject. As a prototype engine, I am quite impressed with the potential that is presented. There are a few refinements that need to be addressed that will be part of the process of future development. I keep thinking what would have happened if the first engine was like the OX2 instead of the crankshaft, piston, rod design that was refined from its primitive state to what it is today. Everyday, I hear on the radio or read in the newspapers about the impact of 2-cycle engines and diesel engines on our environment. The day is coming when 2-cycle will be banned and there is a new focus on carcinogens in diesel smoke. If we can produce an efficient gas engine that can produce diesel engine torque, it will be an important breakthrough. I think the OX2 might have that potential. Bob Teague