To: High Grader who wrote (97 ) 10/28/1998 11:45:00 PM From: Dick Martin Read Replies (1) | Respond to of 120
Here is the complete press release -- Dick Martin OCTOBER 26, 1998 VSE: EWK.V NEWS RELEASE NO. 177 Earthworks Industries Inc. (“the Company”) is pleased to announce that its US subsidiary, Cortina Integrated Waste Management (CIWM) has completed the phase two Cultural Resource study on its proposed Cortina waste handling and landfill project. Subsequent to the phase one Cultural investigation, this additional study determined that there were no new areas of historic or archaeological significance that have an impact on the proposed development. The “Cortina” project is a proposed integrated waste handling facility, located on 443 acres of leased tribal land in north central California, which will include material recovery, composting, waste treatment and a 200 acre landfill. At full proposed capacity the facility will be permitted to handle 1500 tons per day of material and approximately 30 million tons over the life of the projected life of the landfill. CIWM continues to target the first quarter of 1999 for completion of the Environmental Impact Study - which is the next and potentially final requirement before getting final regulatory approvals. The Company is also pleased to report it has received a royalty payment from Solucorp Industries Ltd. in the amount of $21,499 (Cdn.). Solucorp continues to expand its market for the MBSÔ heavy metal treatment technology from which Earthworks receives $1 for each ton of material treated. In a recent Solucorp release it was announced that a demonstration would be made at a mid-western landfill over a 90 day period. If successful, it will lead to a one year or perhaps longer contract. Under the royalty terms Earthworks would receive a monthly royalty similar to other in-line systems currently in operation. While the Company remains confident Solucorp will secure the larger projects under negotiation, these smaller in-line processes represent a growing revenue source to Earthworks. EARTHWORKS INDUSTRIES INC. “David B. Atkinson” David B. Atkinson President The Vancouver Stock Exchange assumes no responsibility for the accuracy of this Release and neither approves nor disapproves of the same.