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Gold/Mining/Energy : Canadian Hot Stock Club - CHSC -- Ignore unavailable to you. Want to Upgrade?

To: knight who wrote (747)	7/1/1998 8:31:00 AM
From: pete meyer	Respond to of 1307

What ticks me off, is why didn't someone tell us about this stock prior to today? Or did they? Too bad hindsight didn't count for anything. Oh well ;-)). Well Knight here is one that will probably take about two weeks from lift-off be patient and do your homework.Call 416 864 0237 POR.A: You people having an interest in this topic may want to keep an eye on this Co. >>THE COMPANY Advanced Process Fuels Inc. (the "Company" or "APF") was incorporated pursuant to the Business Corporations Act (Ontario) on October 31, 1994 under the name 1102634 Ontario Inc. It changed its name on February 10, 1995 to Advanced Process Fuels Inc.APF has agreements to acquire a 20% direct interest and 87.5% of a company holding the remaining 80% of 941037 Ontario Limited (operating as Encore-Fu el - "Enviro-Fuel"). Enviro-Fuel operates the APF micro-refinery on leased land near Kingston, Ontario which has been permitted as a waste-oil handling facility by the Ontario Ministry of Consumer and Corporate Relations. APF has set aside 250,000 common shares of APF for acquiring 100% of Enviro-Fuel. Such acquisition is expected to be completed prior to closing of the Major Transaction. The company also has a 25% interest in RRR Environmental Services Ltd., which operates a waste oil refinery in Regina, Saskatchewan.The head office of APF is located at 5405 Eglinton Avenue West, Suite 211, Etobicoke, Ontario, M9C 5K6 and the registered office is located at Suite 2500, 181 Bay Street, Toronto Ontario, m5j 2j7. BUSINESS OF THE COMPANY From October, 1994 to the end of 1996 APF operated a batch process waste oilrefinery near Kingston, Ontario, during which time APF built a similar refinery in Regina, Saskatchewan. APF has since designed and built a continuos process micro-refinery, near Kingston, Ontario using the "Yu Process".In consideration of using the Yu Process , APF pays a royalty to the developer of the greater of $50,000 or 7 1/2% of the manufacture's net invoice price on the process equipment. APF is in the business of designing, manufacturing and installing turnkey waste micro-refineries, using a unique pending process. The micro-refineries convert used motor oil and other waste lubricants into diesel fuel. APF has completed construction of a micro-refinery at the APF Training and Research Center near Kingston, Ontario. The facility is in the start-up and commissioning phase. APF is discussing proposals with other interested parties worldwide for future new installations. No contracts have been entered into and are subject to further discussions upon completion of testing at the Kingston micro-refinery. For the fiscal years ended October 31, 1995 and 1996, the Company and its affiliate had consolidated revenues of $8,500 and $1.5 million respectively , acquired feedstock as throughput in the refining process from five suppliers and sold the output to several customers directly and through fuel brokers. For fiscal 1996 the Company generated revenue from the sale of a refining plant to a third party operator, leaving revenue on a refinery plant built for an affiliate. The Company generated losses in fiscal 1996 primarily as a result of higher than expected installation costs of the plants constructed in 1996 and of the lower than expected quality of the output of the facility operated by its affiliate. During 1996, the Company decided that the technology it had acquired does not produce an acceptable quality of output and results in a low price per unit of volume produced. It began developing a new process to refine waste oil to produce a higher quality output. The refinery in operation in October, 1996 closed down in early 1997 pending the completion of the construction of the new refinery at the Kingston plant.The new refinery is based on modern refinery technology currently employed in the oil refinery business which has been adapted to convert waste oil to diesel fuel. It is known as the Yu technology. The new refinery is expected to be operational at the end of 1997. The new refinery was engineered by Kilborn Inc. a member of the SNC-Laalin Group. The new refinery will operate continuously which represents a significant improvement over the batch process previously employed.The Kingston facility is central in APF's business plan.It is intended to provide the following: a. Based on satisfactory production in accordance with the design criteria present"rack price" for #2 diesel Fuel and current cost of waste oil, the plant will generate sufficient revenue to implement APF's current 12 month Business Plan. Such assumptions may not be valid and will be dependent on the completion of testing at the Kingston Plant. b. Provide an environment for potential customers to see first hand all operational aspects of a micro- refinery. c. With the independent verification of the plant's production capabilities, management is confident that they will have contracts for plants to be shipped and installed in fiscal 1997/98. d. Manufacturing of plants will be financed with a combination of customer deposits and progress payments. e. In addition to the operation of the Kingston Refinery it should be noted that APF's focus is intended to be building, installing and monitoring turnkey micro-refineries. The success of such program is in part dependent on the results of the Kingston refinery. THE APF TECHNOLOGY APF holds the North American, South American, and South Pacific manufacturing rights for the new patented process technology known as the YU system. The new modular equipment which is transportable has been engineered and designed by Kilbrn Engineering , a member of the SNC Lavalin Group.A brief description of the Yu System is that the waste oil is used to provide cooling in the distillation column, which also serves to preheat the waste oil feedstock. The heater is used to bring the waste oil up to pyrolysis temperature. At this point the feedstock is separated with the oil going into a pyrolysis chamber and the remaining sludge going into a coke reactor.l The distillation column then completes the separation of Number 2 diesel fuel which is stored for sale; heavier fuel oil which is recycled and light ends are separated and used as fuel to operate the plant.

To: knight who wrote (747)	7/1/1998 10:34:00 AM
From: Spock	Read Replies (1) \| Respond to of 1307

Knight Re: BCP-v I disagree that it's over for now but do agree that it will eventually ease back as we wait for more assays. This one's come out of left field and surprised the market. Not only does it take time for news from these under followed stocks to make the rounds and have full effect but a even a half decent spec play is good for more than one up day. The rally at the end of the day suggests a strong open on Thursday which should send it on it's way for further gains. As Red suggested, watch it at the open for an indication of where it's heading and make your decision then. Risky yes, but that goes with the territory when playing "Canadian Hot Stocks". Kevin

To: knight who wrote (747)	7/1/1998 10:49:00 AM
From: pete meyer	Read Replies (1) \| Respond to of 1307

A little more on POR.Alberta PROCESS CAPITAL CORP ("POR-Y") - Commissioning Of Kingston Micro-Refinery Process Capital Corp. announces that, following initial test runs, its Kingston micro-refinery has successfully produced a middle distillate product of diesel quality with yields of 70-75%. As expected, the balance of the finished product stream has been verified as No. 4 heating oil, light end condensates and a non-leachable coke. The oil refining technology has been designed, process-tested, and engineered by Kilborn Inc., a member of the SNC-Lavalin Group. The Kingston micro-refinery is currently undergoing the commissioning phase. This phase was delayed due to ice storms and power outages in the Kingston area, but power has since been restored and commissioning of the plant is continuing. Upon the completion of the commissioning phase, which is expected shortly, the micro-refinery will be fully operational and producing diesel fuel on a continuous basis. The chairman of the company's wholly owned subsidiary Advanced Process Fuels Inc, which is responsible for the micro-refinery, was quoted as saying "Process Capital Corporation's process is the most modern and efficient technology for conversion of waste oil to diesel fuel. This is an outstanding Canadian green technology' that is arguably the best of its type in the world." Process Capital Corporation through its subsidiary holds the rights to process technology (patent pending) for converting waste oil to diesel fuel. These micro-refineries can be strategically located near waste oil collection facilities. TEL: (416) 622-6600 Jules Roy, President FAX: (416) 622-6628 Robert Grimard, CFO ______________________________________ (c) Corporate Dissemination Services Inc. All rights reserved. Tel:(604) 689-1101 Fax:(604) 689-1106 RapidFAX (tm) - To get the NEWS as it happens, call (604) 689-3041. This Report Updated by Canstock at 13:07:35 Pacific Time