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Gold/Mining/Energy : Alternative Fuel Systems ATF:VSE -- Ignore unavailable to you. Want to Upgrade?

To: Veritas who wrote (1741)	8/4/1998 4:23:00 PM
From: Steve2	Respond to of 4605

Deleted (duplicate of following news release)

To: Veritas who wrote (1741)	8/4/1998 4:24:00 PM
From: bc	Read Replies (1) \| Respond to of 4605

To All: News release out today: ALTERNATIVE FUEL SYSTEMS INC. BOARD ELECTS ROBERT L. SILLCOX AS NEW DIRECTOR CALGARY, Aug. 4 /CNW/ - Robert L. Sillcox has been elected as a new member of the Alternative Fuel Systems Inc. (AFS) Board of Directors. Sillcox is co-founder and current Chairman of Quant Investment Strategies Inc. of Toronto, an organization which specializes in providing quantitative investment strategies to institutions. He has over 40 years of investment experience gained from both the buy/sell and management areas of the investment, banking, pension and insurance industries. From 1988 to 1996, prior to founding Quant Investment Strategies Inc., Sillcox served as Senior Vice President and Chief Investment Officer of the Ontario Municipal Employees Retirement Systems (OMERS), a fully diversified $25 Billion pension fund. illcox served as Vice President of Corporate and Real Estate Investments for Metropolitan Life Insurance Company from 1979 to 1988. He was responsible for all Metropolitan's investment assets situated in Canada amounting to approximately $10 Billion. Before joining Metropolitan Life, he served as Senior Vice President of Funds Management (Treasury) for the Bank of Montreal (BMO), responsible for the domestic treasury and investment functions of the bank, including the pension assets. In 1970, Sillcox co-founded Euro Brokers Limited and McDunn Sillcox Co. Ltd., an international inter-bank deposit brokerage and fixed-income private-placement firm specializing in international fixed-income instruments; he served as President and Director until 1977. His early investment training was received working with Harris & Partners Limited where he eventually became a Director and headed the firm's Money Market Department. Sillcox currently serves as a Director of the Bank of China (Canada) and Glenmount International, L.P.I. He is a member of the President's Investment Advisory Committee to Pension Plan and Endowment Fund of the University of Toronto, a Trustee of the Ridley College Foundation, and is an advisor to Cortex Applied Research Inc. Recently Sillcox served as Chairman of both the Pension Investment Association of Canada (PIAC) and the Pension Investment Committee of the Financial Executives Institute of Canada (FEI). He has also served as Member of the Money Market Committee for Investment Dealers Association of Canada (I.D.A.) where he developed guidelines and regulations for borrowers accessing the Canadian money market. He served as Director of Princeton Developments Ltd., a Canadian premier property development and management company, from 1990 to 1994. From 1994 to 1996, Sillcox was a member of the Exchange Committee on Corporate Disclosure for the Toronto Stock Exchange. Sillcox is a graduate of Ridley College (1949) and Williams College (1953) (B.A.). AFS is listed on the Vancouver Stock Exchange, trading under symbol ATF. AFS website: www.altfuelsys.com The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release. %SEDAR: 00003847E -30- For further information: Jo-anne Cappis, (403) 262-1833, email: afsweb@telusplanet.net

To: Veritas who wrote (1741)	8/4/1998 6:14:00 PM
From: bc	Read Replies (1) \| Respond to of 4605

Hi Veritas: The interview was probably about 20 minutes or so. Ed Mirosh explained the benefits of natural gas (cleaner burning and a much lower green house gas emitter and lower emitter of particle matter and considerably reduced nitrous oxide)and he also indicated that they are not engine designers, rather that they design fuel systems for existing engines. He discussed the Mexico project and how the GM microbus surpassed emission standards. He also indicated that the VW Beetle that was tested there performed marvelously well and it was felt that it would qualify for Californian standards. India was mentioned (Maruti as well) and also that they had recently completed testing there. Also Toyko and Hungary were mentioned and that discussions were ongoing. She (interviewer) did ask when all the testing would be completed and when would they start selling the product. Ed responded that they are selling on assumption they will qualify for the applicable emission standards. ( as demonstrated in Mexico.) When asked about Ballard, Ed indicated that they had done very well in the market and had a good product but it is not commercially viable today as the AFS systems are and that Ballard is years away. All in all I thought the interview went well and it gave viewers a good understanding of their product and the fact that they are a NOW solution to a NOW problem. As with Gerry Klopp's recent interview on Investor's Online, I sense a lot of strength and confidence in the company and its inevitable direction. Hope I didn't miss anything. Best wishes, Bonnie