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

To: Bob Lium who wrote (5489)	5/7/1999 6:58:00 AM
From: James E Lynch	Read Replies (2) \| Respond to of 6467

(Mkt News Pub) Thermo Tech(TM) Technologies Inc. announces letter of intent Thermo Tech(TM) Technologies Inc. announces letter of intent for sale of 50% interest in Richmond Bio Conversion Thermo Tech(TM) Technologies Inc. Listed NASDAQ Trading Symbol: TTRI.F THERMO TECH(TM) TECHNOLOGIES INC. (the "Company") announced it has executed a letter of intent for the sale of a 50% interest in Richmond Bio Conversion to Royal Canadian Financial Group ("RCFG") for a total purchase price of $10,000,000 CDN. Payment of the purchase price will be made by an initial payment of $7,500,000 CDN on closing. The balance of $2,500,000 CDN will be paid in quarterly installments of principal and interest over a five year term starting one year after commencement of operations. The transaction is subject to the negotiation and execution of a definitive purchase and sale agreement between the Company and RCFG. The closing is currently scheduled for November 27, 1998. Richmond Bio Conversion will start receiving and processing waste during the week of November 23, 1998 as the start up of the Thermo Master Mark II Plant commences. Processing volumes and revenues are anticipated to ramp up to full operating capacity over the following 45 day period. The Company anticipates holding a formal grand opening of Richmond Bio Conversion on January 22, 1999. Mr. Rene Branconnier, President and Chief Executive Officer of the Company, stated, "This sale of a 50% interest in Richmond Bio Conversion and the completion of the Thermo Master(TM) Mark II Plant are important events for the Company. There will be no further equity dilution to our shareholders from the Richmond project and we have demonstrated debt financing is a viable alternative for the planned future Thermo Master facilities. Our showcase plant and model for expansion is no longer a concept or a drawing. It is a reality." Mr. Nathan Jacobson, President of Royal Canadian Financial Group commented, "Our group is excited to be a full participant in the first of many anticipated projects with Thermo Tech(TM)." 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 wastewater 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. Per: (signed) ______________________ 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. Investor Relations, (604) 534-5085 ____________________________________________________________ (c)1999 Market News Publishing Inc. All rights reserved. Toronto:(416)366-8881 Vancouver:(604)689-1101 Fax:(604)689-1106 Rapid Fax - News As It Happens - (800)667-1617 * end of story *

To: Bob Lium who wrote (5489)	5/7/1999 7:31:00 PM
From: CAYMAN	Read Replies (1) \| Respond to of 6467

WE NEED TO BEGIN THE ORGANIZING by: Saveourposition YAHOO Message #233 of 258 Of shareholders now to collectively pool all of our votes to vote René Branconnier completely out and away from TT. Even though, should the deal with ISM/TTV go through the news release stated that RB would stay possibly on the BoD. Whatever happened to Kim AKA TT_needs_reform? As I recall RB said that those listed on the last dissident proxy did not have the qualifications necessary to make TT a success. Remember when RB says success he is talking about his own personal success. As the question goes "are you better off today than 4 years ago?" or last year even. And remember if you are going to attend the meeting to register so they can't lock you out. We also want to look into how to get an item on the agenda to vote for a motion to ensure that RB is in now way affiliated in any manner with TT. Get this implemented and watch the stock climb back up. My personal opinions. PS take a good long look at this guy, he isn't smiling, he's laughing! ttrif.com ********************************************************************** I AGREE. THE RUMORS OF MY DEATH ARE GREATLY EXAGGERATED. -- MARK TWAIN by: ReformIsAlive YAHOO Message #237 of 258 I have been watching and agree that a continued effort is necessary to organize shareholders. I will add to the database anybody contacting me but my time, outside registering people, is restricted. I would urge anybody of similar mind to contact me with their name, number of shares, e-mail address, and phone number if desired. We jointly control a major share volume but with the dilution we need more. I think we are the largest block of stock. Kim odcom@earthlink.net Posted: 05/07/99, 10:10AM EDT as a reply to: YAHOO MSG 233 by Saveourposition