Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : BAAT - world records for electric vehicles with zinc-air -- Ignore unavailable to you. Want to Upgrade?

To: Jim Johnson who wrote (5984)	3/10/1999 12:46:00 PM
From: DonP	Read Replies (1) \| Respond to of 6464

BAT doesn't own an auto plant in Mexico. So what happened to the 40% of the Otay Mesa Plant that BAT owned? It's now owned by SSPC. Of which BAT only owns 10% once all the shares are issued.

To: Jim Johnson who wrote (5984)	3/10/1999 1:00:00 PM
From: JustMy2Cents	Read Replies (1) \| Respond to of 6464

Southern States Power Secures Second Bio-Diesel Plant Upping Capacity to 14 million Gallons Per Year PR Newswire - March 10, 1999 12:12 SHREVEPORT, La., March 10 /PRNewswire/ -- BAT International (OTC Bulletin Board: BAAT) today issued the following release: Southern States Power Company (OTC Bulletin Board: SSPC) announced that it has secured its second oil extraction plant to produce Bio-Diesel. Only last week, SSPC announced (see press release dated March 1, 1999 and the SSPC web site at www.sspowerco.com) that it had purchased its first plant in Mexico that has a production capacity of 7 million gallons per year. Plant #2 will double SSPC's Bio-Diesel production capacity to 14 million gallons per year. The first plant had only 1,000 hours of operation and the refurbishing of the plant is complete. Unlike Plant #1, which was a direct purchase, Plant #2 was secured through an attractive 10-year lease with an option to purchase at a set price. Plant #1 required approximately 10 weeks for a crew of 45 personnel to restore it. Plant #2 will require 14 to 16 weeks to recommission. The crew for Plant #1 will be moving to Plant #2 in the near future. The combined fuel capacity of both of these plants puts SSPC in a strong position in relation to other producers of Bio-Diesel. SSPC has already been contacted by other major producers to form plans for the production and/or distribution of Bio-Diesel. A supply shortfall is anticipated. Why Bio-Diesel is Important Bio-Diesel is an alternative fuel that is manufactured from agricultural products. Because Bio-Diesel is totally derived from agricultural products, it is a renewable energy resource. Plant oil fuels regenerate every year and can be produced indefinitely. This fuel is literally made from plant seeds, water, air and sun. Because it is made from vegetable oils, it can be produced from many kinds of seed plants. This in turn provides growers and fuel suppliers with enormous production flexibility. This flexibility even extends to deriving Bio-Diesel partly from waste cooking oils and from fatty acids. Bio-Diesel is an environment-friendly super-diesel fuel. Compared to fossil diesel fuel, Bio-Diesel has far lower hydrocarbon and particulate matter emission levels. It can also be used economically in conventional modern engines and provides very favorable exhaust gas emissions and optimum operational properties. SSPC and Bio-Diesel Production Bio-Diesel fuel is an important product line for Southern States Power because it is the lowest cost alternative fuel option for many fleets. The reasons that it can cut costs are because fleets can use diesel engines that in turn reduce fueling infrastructure costs which are very low compared to the costs of producing and delivering natural gas, ethanol, methanol, and electricity. Lower fuel costs are not the only incentive for Southern States Power to enter the Bio-Diesel market. SSPC has also entered the Bio-Diesel production industry in response to the demand for cleaner fuels that are required to meet new environmental protection laws. Several of these laws will take effect in 1999 and will sharply impact demand for Bio-Diesel. New regulations can result in fines being levied in amounts up to $5,000 for operators of heavy duty trucks. Off-road equipment used in highway construction can receive bid preferences for using an alternative fuel such as Bio-Diesel. The Federal Surface Transportation Equity Act (TEA21) has provisions that allow the use of a 20% Bio-Diesel blend (80% conventional diesel fuel and 20% Bio-Diesel) to meet the requirements as an approved alternative fuel. The small increase in fuel cost for this "clean fuel" is minor compared to the impact of fines that these new regulations can have. The result is that Bio-Diesel is the "least cost" compliance strategy. Thus, Southern States Power foresees a strong, long-term market for Bio-Diesel products because of their lower cost of production, lower cost to consumers, and improvement of the environment. With the creation and enforcement of new vehicle emission standards, SSPC plans to continue the expansion of its Bio-Fuel production program to meet increasing industry demand. This press release contains forward-looking statements that should not be used to make an investment decision. Please refer to the SSPC web site (http://www.sspowerco.com) and other sources for detailed information, or call Michael Sealey at 318-221-5703. SOURCE BAT International /CONTACT: Bill Wason for Southern States Power Company, 619-409-8977/ /Web site: sspowerco.com Regards, JM2C