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

To: veritas who wrote (4529)	8/4/1998 9:20:00 PM
From: Tom G	Read Replies (1) \| Respond to of 6467

By the way talked to Rene yesterday.Construction will start in early Sept for Oshawa and Niagra.When I asked if they would be done in 6 months he said no they should be done in about 4 months.I then asked how that was possible.His answer"Tom when I ordered Richmond I actually ordered 3 plants at the same time."All parts have been ordered months ago.They are ready to go. Tom

To: veritas who wrote (4529)	8/4/1998 9:22:00 PM
From: Tom G	Respond to of 6467

NEWS RELEASE Tuesday August 4, 7:08 pm Eastern Time Company Press Release SOURCE: Thermo Tech(TM) Technologies Inc. Thermo Tech(TM) Technologies Inc. Announces Final Negotiations for Acquisition of Waste Water Treatment Facility LANGLEY, BC, Aug. 4 /CNW-PRN/ - Thermo Tech(TM) Technologies Inc. (the ''Company'') announces that it has entered into final negotiations for the acquisition of a waste water treatment facility in Carver, Massachusetts. The treatment facility is located on a 30 acre site which has in place the environmental permits required to process raw sewage waste water. The Company projects that this site in Carver, Massachusetts will be the site of the Company's first Thermo Master(TM) plant in the United States. The Company will pay a price of $14.5 Million US for the treatment facility. The acquisition will be subject to confirmation of financing for the proposed Thermo Master(TM) Plant, receipt of the required environmental approvals for the Thermo Master(TM) Plant and standard environmental and title due diligence investigations. Financing for the acquisition is anticipated to be a obtained through a debt financing facility which the Company has been working to arrange. Mr. Rene Branconnier stated, ''We are very excited about this unique opportunity to establish the Company's first Thermo Master(TM) Plant in the United States. The existing treatment facility provides a reliable and quality stream of raw organic waste for the facility. The potential for additional sources of raw organic waste is excellent due to the proximity of this site to the center of Massachusetts' cranberry, fishing and waste de-packaging industries. The environmental permitting already in place for this site will assist in obtaining the required approvals for a Thermo Master(TM) Plant. We are confident that this will be an excellent opportunity to demonstrate the viability of the Company's technology to the environmental problem of excess organic waste faced in the north-east United States.'' Thermo Tech(TM) Technologies Inc. is a leader in organic waste recycling with offices in Vancouver and Toronto, Canada and Atlanta, Georgia. Thermo Tech's(TM) patented thermophilic process is utilized in compact and environmentally friendly Thermo Master(TM) plants to convert biodegradable food waste into high protein animal feed and waste water treatment sludges into fertilizer concentrate. Certain statements contained herein are ''forward looking statements'' (as such term is defined in the Private Securities Litigation Reform Act of 1995). These statements are based upon the belief of the Company's management, as well as assumptions made beyond information currently available to the Company's management. Because such ''forward looking statements'' are subject to risks and uncertainties, actual results may differ materially from those expressed or implied. Such ''forward looking statements'' include but are not limited to, competitive factors, general economic condition, customer relations, relationships with vendors, government supervision and regulation, product introductions and acceptance, technological changes in industry practices, and other factors discussed in filings made by the Company with the Securities and Exchange Commission. ON BEHALF OF THE BOARD OF DIRECTORS OF THERMO TECH(TM) TECHNOLOGIES INC. Rene J. Branconnier President and Director (TM) The terms Thermo Tech(TM) and Thermo Master(TM) are registered trademarks of Thermo Tech(TM) Technologies Inc. The term Thermo Master(TM) is licenced for use by Hamilton Bio Conversion Inc., Brampton Bio Conversion Inc., Richmond Bio Conversion Inc., Oshawa Bio Conversion Inc. and Niagara Bio Conversion Inc. SOURCE: Thermo Tech(TM) Technologies Inc. More Quotes and News: CET Environmental Services Inc (AMEX:ENV - news) Thermo Tech Technologies Inc (Nasdaq:TTRIF - news) Related News Categories: environmental