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

To: Gary H who wrote (4507)	7/30/1998 7:37:00 PM
From: David Alon	Respond to of 6467

As the fight heats up... July 30, 1998 Listed VSE, Trading symbol: TPP U.S. 12G3-2(b) Exemption #82-4265. News Release Mr. Stan Lis, the President, Chief Executive Officer and Director of the Company reports: THE COMPANY RENEWS ITS CONTEMPT APPLICATION As previously reported, Thermo Tech Technologies Inc. and Thermo Tech Waste Systems Inc ("Thermo Tech") have not purged their contempt of the Order of the Honourable Mr. Justice Cohen, dated January 20, 1998 ("the Order"), as the materials that the Company received form Thermo Tech on July 17, 1998, are not all of the standard certified engineering specifications, including drawings regarding thermophilic plants in possession of control of Thermo Tech. Thermo Tech's sham compliance with the Order has aggravated its contempt of Court. As a result of this continued and blatant non-compliance with the Order, the Company has commenced fresh contempt proceedings against Thermo Tech and two of its directors, Mr. Rene Branconnier and Mr. Dan Cumming. On July 30, 1998. Mr. Branconnier and Mr. Cumming were served with notice of these proceedings, wherein the Company will seek the imposition of the $50,000.00 already ordered by the Court, additional fines amounting to $200,000.00 and that Mr. Branconnier and Mr. Cumming be committed to prison until Thermo Tech has fully complied with the Order. The Company has also brought an application to compel Thermo Tech to produce all of the documents referred to in its pleading and affidavit materials. The Company will issue a news release upon all other developments in these proceedings. On Behalf of the Board of Directors (Signed) Stan Lis President & CEO THIS NEWS RELEASE HAS BEEN PREPARED BY THE MANAGEMENT OF THE COMPANY WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. THE VANCOUVER STOCK EXCHANGE NEITHER APPROVES NOR DISAPPROVES OF THE CONTENTS OF THIS NEWS RELEASE. THIS NEWS RELEASE MAY INCLUDE FORWARD-LOOKING STATEMENTS WITHIN THE MEANING OF SECTION 27A OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND SECTION 21E OF THE UNITED STATES SECURITIES AND EXCHANGE ACT OF 1934, AS AMENDED WITH RESPECT TO ACHIEVING CORPORATE OBJECTIVES, DEVELOPING ADDITIONAL PRODUCTS, EXPANDING AND DIVERSIFYING THE COMPANY'S CUSTOMER BASE AND SALES CHANNELS, THE COMPANY'S ANALYSIS OF VARIOUS OPPORTUNITIES AND CERTAIN OTHER MATTERS. THESE STATEMENTS ARE MADE UNDER THE "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND INVOLVE RISKS AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE IN THE FORWARD-LOOKING STATEMENTS CONTAINED HEREIN. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY, NOR SHALL THERE BE ANY SALE OF ANY SECURITIES OF THE COMPANY IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR OF ANY SUCH JURISDICTION.

To: Gary H who wrote (4507)	7/30/1998 7:57:00 PM
From: Zeev Hed	Read Replies (3) \| Respond to of 6467

Gary, I am happy you got out whole of this one. The reason I am starting to watch it is because the floorless will end in August or so, and I am following it for a possible bottom and a possible fast double bagger (not much from here). However, I do not see it yet. The truth is it might be better to wait until a reverse split which could easily be in the cards, and after viewing the next quarterly report. I am definitely still on the sidelines on this one, since well above 2 or so and waiting patiently. The technology is intriguing, but the execution, gosh. Zeev