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Technology Stocks : OILS - OTCBB: bringing stranded natural gas to market -- Ignore unavailable to you. Want to Upgrade?

To: IPOJunkie who wrote (27)	7/9/1998 9:21:00 PM
From: Bruno	Read Replies (1) \| Respond to of 275

The financing is being done at $1.50, proceeds to be used in part on the demo plant mentioned in this news release out today: FOR RELEASE: AUTOMATED TRANSFER SYSTEMS CORPORATION Denver, Colorado. Further to the Company's last news release Automated Transfer Systems Corporation is pleased to provide the following progress update received from Carbon Resources Limited in regard to the SynGen project. Engineering for the 2 Bbl/day demo plant is in progress with the following milestones achieved: ú Heat and material balances are complete and have been submitted for approval ú The SynGen reactor has been designed and preliminary drawings submitted for comments ú Pressure vessels are sized ú Piping sizes have been calculated ú Piping and instrument (P&ID) drawings are 50% complete Source of information: The Company For more information please contact the Company: 1-888-378-6633 (Toll free in North America)