Wastech fka WTCH

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OTC: WTCH) Purchase Could Generate $1 Billion in Added Reserves

Wednesday, June 28, 2006 07:30 ET

LAKE HARMONY, PA -- (MARKET WIRE) -- 06/28/06 -- Wastech, Inc. (PINKSHEETS: WTCH) (the "Company"), today is pleased to announce that on April 14, 2006 it successfully closed on its recently announced purchase of approximately 44,000 acres of subsurface coal, coal bed methane and all other mineral rights under enriched acreage throughout various counties in West Virginia, as well as exactly 5,898.49 acres of oil and gas reserves in Fayette County, West Virginia.


In West Virginia it is estimated that 99% of the generated electricity comes from coal, utilizing within the state approximately 14 coal-fired electric generating facilities, amounting to $3.5 billion in gross state product generated as a result of coal. At current market conditions, state estimates would equate the acquired mineral reserves in excess of $1 billion to the Company's subsidiary.

To read the complete release, go to http://www.CybeRelease.com/wtch62806.htm

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