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Microcap & Penny Stocks : Standard Energy (STDE) -- Ignore unavailable to you. Want to Upgrade?

To: X Y Zebra who wrote (11)	8/18/1999 11:53:00 AM
From: leigh aulper	Respond to of 15

from latest 10q During the current fiscal period, the Company continues to research and develop its technologies for the recycle of municipal solid waste ("City Garbage") into (1) valuable recycled metals, glass, plastics, etc., products that are saleable in the existing commercial salvage markets and (2) the recovery of City Garbage derived cellulosic material ("Celmat"), biologically convertible into fuel-grade ethanol and lignin ("Lignin"), a coal-dust like hydrocarbon substance believed to be a usable boiler fuel and/or as a specialty chemical useable in the petro-chemical plastic resins industry (collectively the "Biofuels Technology"). As a result of the Company's research and development efforts, management believes that the Company has developed what appears to be a commercial application of the Biofuels Technology for a future commercial project and hired the engineering firm of W.J. Scales & Company of Denver, Colorado to develop and complete a Business Plan for the Company's "South Bend Project". W.J. Scales then partnered with Limbach Company of Richmond, Virginia (collectively the "Scales Group") to construct the South Bend Project for the Company. The Business Plan is based on the Scales Group present technical engineering designs and experience in the development of large new commercial projects. The Business Plan includes a plan to finance and develop the South Bend Project utilizing the Biofuels Technology. (See "Research and Development - South Bend Project" below) There can be no assurance that the required capital will be available to develop the South Bend Project, and even if adequate capital is available, there can be no assurance that the Biofuels Technology will perform on a commercial basis. The Company's future operating results will depend on its ability to obtain adequate financing to construct the South Bend Project.