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I spoke with Brian Hauff, President of the company, two days ago. He stated that the Ireland plant deal is still setting up financing and has not collapsed. He expressed some frustration in getting Canada to assist with funding but still has hope. He said they have brought on some additional talent and expects to see good things. He mentioned they intend to make some announcements in the near future with regards to very good things in China.
He sounded tired and a bit frustrated though was very upbeat about the companies' prospects.
I'm hanging in there.
Scott.
I and probably many others feel the same way.
I will give them 30 days to follow up from the said date. I will then contact the company and decide to sell or hold. I cannot recommend this to anyone without information.
I'm hoping something is said because the company seems like it was heading in the right direction.
IMHO the date was released just before the meeting in China. They could just be trying to pump the company for China hoping a deal would be made with no intention of the Ireland deal. The company is giving no information so maybe a deal is still in order with China who knows.
Wish the company would give direction. Who wants to give up more money to a company that gives no information!
Hey Bigjezza. I wrote a letter requesting any info on the Ireland deal about a week ago and have had no response. I agree that when you announce a closing to occur around 12/22 and a few weeks go by some sort of communication is in order. I've quite a few bucks risked on this one and do not like being ignored. Not sure what to do. Scott.
How long has it been?
I was going to contact them the middle of the month because of the lack of public communication. Investors seem to be getting restless as the PPS is declining. I hate giving up money to a company that doesn't respond or communicate.
Starting to feel like a sucker with this one. This has done nothing for me.....
Status of Ireland closing....
I've written to the company asking about the delay in the closing without a response so far. Any one know any thing??
Thanks,
Scott
Well, it did not close on the 22nd as far as I can tell. Any one know any thing? Scott.
Is the Ireland plant supossed to close today? Any one heard anything on this? Scott.
Money did you see the huge trade blocks today?
2 large blocks of 300K each for .15
Interesting article
Turkey Fuel? Factory to Turn Guts Into Crude Oil
Nicole Davis
for National Geographic News
November 25, 2003
As Americans prepare to gobble down 45 million turkeys on Thursday, a factory in Carthage, Missouri, is turning the feathers and innards of the feted bird into a clean-burning fuel oil. Changing World Technologies (CWT), a New York environmental technology company that is behind the project, also has plans to turn the organic waste from chickens, cows, hogs, onions, and Parmesan cheese into light crude oil—and those are just the some of CWT's proposed ventures.
Your leftover Thanksgiving turkey may someday be a source of alternative energy. Changing World Technologies is developing technology that converts organic waste such as turkey guts into crude oil.
The company works such miracles through thermo-depolymerization (TDP), a process by which waste materials are broken down by intensive heat and pressure to produce natural gas, fuel oil, and minerals. The company's CEO, Brian Appel, says he can turn any type of carbon-based waste—be it computers or offal—into combustible fuel. But he admits many people are skeptical.
Any technology that promises to empty U.S. landfills, reduce dependence on foreign oil, and create a clean-burning crude is going to attract naysayers. While presenting New York City officials with a proposal to reform its municipal waste into fuel, one member of the consumer, environmental, and government reform advocacy group NYPIRG (New York Public Interest Research Group) stood up and said, "This guy isn't for real!"
"Afterwards," says Appel, a towering former college basketball player, "I went over and asked her, 'Who are you?' I had never heard of PIRG."
Appel heard from the group again when U.S. PIRG, the national advocacy office of the state PIRGs, mocked Republicans for including a U.S. $3-a-barrel tax incentive for TDP in the now-derailed energy bill. "After including their cash cows and all the polluter pork they could find," said a U.S. PIRG representative, "energy conferees have moved on to tax breaks for turkeys"—a $95 million dollar break, by U.S. PIRG accounting.
In actuality, CWT says, TDP would have received only a little more than U.S. $150,000 in credits.
Thermo-depolymerization mimics the Earth's own recipe for fossil fuels, but shaves millions of years off the production time. Waste—turkey guts, for instance—is mixed with water and ground into a thick slurry, which is then heated to 500 degrees Fahrenheit (260 degrees Celsius), pressurized at roughly 600 pounds per square inch (42 kilograms per square centimeter), and cooked for about 15 to 60 minutes until the organic material's molecular structure—its polymers—begin to break apart.
Pressure on the mixture is then dropped, releasing steam that is recaptured to power the remaining process. More heat, then distillation, creates the byproducts—natural gas, which is diverted back to fuel the bio-reformer; crude oil, which can be sold to refineries; minerals, to be used in materials like fertilizers; and water.
Barring nuclear waste, anything can yield these goods, according to proponents of the process: 100 pounds (45 kilograms) of tires, for instance, yields 44 pounds (20 kilograms) of oil (along with the other byproducts); a similar quantity of medical waste would result in 65 pounds (30 kilograms) of oil.
Other versions of the process have existed since the 1970s, but only Appel's addition of water and pressurization—instead of incineration, for example—has made the process environmentally friendly and, he claims, 85 percent energy efficient. "For every 100 Btus of energy in the waste that's used, only 15 Btus are needed to power the process," Appel said.
Some find that rate hard to believe. Immediately after a Discover article on TDP appeared in its May issue, bloggers began criticizing Appel's math online. To date, no study of his figures has appeared in an independent, peer-reviewed journal, a sure way to verify his claims. Appel says enough scientists have reviewed his technology, including Jeff Tester, a chemical engineer at MIT who acknowledged in MIT's Technology Review "They have certainly produced the products they've claimed at a smaller scale," but it remained to be seen whether the same results could be replicated at Carthage.
Appel received U.S. $5 million from the EPA to build the $20-million dollar Carthage facility it jointly owns with ConAgra, one of North America's largest packaged food companies. At full capacity, the plant is designed to turn 200 tons of turkey guts into 500 barrels of oil a day. If it performs as expected, proposed plants in Nevada, Colorado, Alabama, and Italy will also get off the ground—and make the oil more competitively priced. Appel estimates he would need around a few dozen plants in operation to put the cost of producing the oil at around $10 a barrel. The price could drop further as more plants are built, he says.
The implications, of course, are huge. The agricultural waste generated by the U.S. each year—roughly four billion tons—could theoretically yield the same amount of oil the country imports from the Middle East, a point not lost on former CIA director R. James Woolsey, an advisor to CWT, or Kevin Madonna, who represents environmental groups along with law partner Robert Kennedy. "Obviously any technology that can turn human waste into something that benefits society is a sound investment," says Madonna. "If TDP can recyle waste into oil, there is the added benefit of reducing our country's dependance on foreign oil."
Theoretically, TDP could help clean up the land and waters of the farmers and fishermen Madonna represents, whose livelihoods have been devastated by the waste deposited by corporate pig farmers. But he, like everyone else, is waiting on the outcome of what happens in Carthage.
Set to open in April, the plant began production just six weeks ago. "We've had the normal start-up challenges," says Appel, "ordering wrong parts, getting necessary training done," not to mention recombining all the disparate feathers and innards that are separated during production at ConAgra's nearby Butterball factory, then trucked to CWT's hydro-pulper. Each day, only a few tons of offal are processed into roughly 50 barrels of oil, but Appel expects to ramp up production in the next two months.
"There are a lot of people looking over their shoulders, waiting for us to fail," says Appel, adding that the non-believers can go on thinking the world is flat.
The proof will be in the turkey slurry.
Not sure if anyone is still following this company.
I wonder if agni got any contracts form the meetings in China?
Also see the pictures from the China meeting, at least we know they did go.
http://www.genesis-technology.net/trip2003.asp
Contracts worth 4 billion yuan signed at Agriculture Fair
www.chinaview.cn 2003-11-13 20:54:47
BEIJING, Nov. 13 (Xinhuanet) -- A total of 46 contracts involving agricultural projects were signed here Thursday at the on-going China International Agriculture Fair in the national capital.
Worth a total of 3.487 billion yuan (420 million US dollars) and 93.27 million US dollars, the projects include sales and processing of cereals, meat, aquatics, fruit and flowers.
So far, more than 80,000 buyers from 44 countries and regions have come to visit the fair or for business talks and purchases. The fair opened Tuesday and is expected to close on Sunday.
Sponsored by the Ministry of Agriculture, the fair has over 1,000 stands with a total exhibition area of 30,000 square meters. More than 400 Chinese agricultural companies are displaying their products at the fair. Enditem
Anyone hear news on the China meetings?
I'm hoping they will have something positive about the meeting. Hopefully we hear something next week.
A little surpised the PPS is still where it is. I guess people are waiting to see the terms of the new plant. Seems like things will start rolling once the new plant goes live with agni.
GLTA!
**NEWS**
Agronix, Inc. Set to Acquire Its First Operating Facility
Agronix Formalizes Its Agreement to Purchase Plant in Ireland
WEDNESDAY, NOVEMBER 05, 2003 08:10 AM
LOS ANGELES, CA, Nov. 05, 2003 (MARKET WIRE via COMTEX) -- Agronix, Inc. (OTC BB: AGNI) (Berlin Stock Exchange: AGNI.BE) is pleased to announce it has placed a deposit against an agreement to purchase the Castleblayney, Ireland plant and related facilities.
The closing is expected to take place on or about December 22, 2003 and will represent Agronix's market entry into the organic waste processing industry.
Chairman and CEO, Peter Drummond explained, "This acquisition and retrofit represent a $5.8 million investment to establish the company in Ireland, the current EU leader in instituting environmental initiatives. Castleblayney is a fully operating facility which will generate immediate revenues for the company."
Dave Roberts, Agronix Operations Division, added that, "The company plans to retrofit this plant to showcase Agronix's BCR technology, which yields organic end-products for the agricultural and turf industries."
About Agronix
Agronix is a recognized leader in innovative organic waste management technology. The Company's BCR System converts organic waste materials (animal manure, sewage sludge, bio-solids, and industrial food processing waste, etc.) into organic fertilizers, soil amendments and other value added agricultural products. The Company is also engaged in the business of developing their BCIR System technology that is used to recover chemical commodities from organic waste for a wide variety of commercial industries such as agriculture, food, oil and gas, paper, clothing and pharmaceuticals. http://www.agronixinc.com.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
Contact:
Brian Hauff
President
604-714-1606
SOURCE: Agronix, Inc.
Copyright 2003 Market Wire, All rights reserved.
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SUBJECT CODE: Business/Finance:Agriculture/Agribusiness:Mergers and Acquistions
One thing to keep in mind is that Agronix pays its bills with shares. The companies that are paid this way can sale them when they wish and not all of them care one way or the other how it effects the share price. If you looked at the trades that were taking place we were fairly even for buying and selling. I was glad to see we had as much interest as we did on the buying side. I thought it was a good day to pick up a few more shares. I don't believe yesterday had anything to do with upcoming news, good or bad. Later ;~)
money
I checked everywhere and couldn't find a thing. I bought today and pray everything is okay.
Very interesting trades today. I find it odd that all of a sudden 326K shares move when it usually only trades 60k at best. Also decidedly lower including 6k after hours at .18! If there is something going on and there has not been any announcement and someone in the know is selling, well no more need be said. Do you guys have any idea what was going on today? Scott.
To who is selling your shares
@ ask for .21 - .22
please post before next time when you are selling so I can buy them! Missed it again today.....
Of the 23 mil that are on the market over 16 mil are held by insiders. That leaves less than 7 mil for the rest of us, and I know were 4% of those remaining shares are. It would be nice to get the price up a little just from general interest but if that doesn't happen soon I think it will be going up for other reasons.
See ya,
money
I like the small stock float for this company. However there doesn't seem to be a lot of buyers at this point. I got those .21 & .22 lots too easily. I have seen volume in this stock before. I think once plants get online we should see people take interest. I still would like to see this over .50 with speculation alone.
Why do you suppose the MM's jump up so fast when we start getting some action? .22 to .3 instead of letting the stock run up like you would normally expect?
money
Geez its hard not to buy when everyone is offering share .30+ and then you see lots for .21 & .22 .....I just had to get um!
mpIsmoney-I know what you mean, it just doesn't seem right for some one else to get in "cheep". I am glad to hear you are still increasing your position. I have a small group of friends that have joined me in buying up shares of Agronix, We have accumulated quite a large block, and most of us are still buying. I believe our days are numbered for buying at these low levels.
When you look at the actual float, of the 23mil shares outstanding 16 mil are held by insiders. That doesn't leave very many for the rest of us, imho when we start getting these deals put together we will move up very fast. ;~)
Peace
money
Hi Folks. This may be a silly question.
If the bid is .21 and the ask is .22 how does a large trade go through at .20? I'm starting to feel a bit screwed when I can only get shares at the ask. Have any answers for me? I've now accumulated just about 10K shares from .70 to .22 and they have all been at the ask. Trades never get executed when I put a limit below the ask. Huh.
It does seem almost trivial though as I believe this company will be growing up a bit in the not too distant future.
Have a nice day.
Scott.
***READ THIS***
Agronix has several projects in play; I thought I would recap them and their significance as I see them.
First, OPIC. Agronix is in the process of filing financials for the acquisition of the OWR (Ireland company) plant in Scotland. OPIC has completed its due diligence of Agronix, and we are now proceeding to the next stage of the finance process. OPIC can fund as much as 400 mil to one company so getting them on board with Agronix will help with more than this one acquisition. The following are comments made by OPIC:
OPIC President, Peter S. Watson stated, “The technology that will be used in your organic waste processing facility in Ireland is fascinating, and OPIC is keenly interested in how that technology can be applied in many other countries.”
I have been told by Agronix that they have identified over 181 plants as acquisition targets.
Second. One part of the Agronix business plan is the licensing of its technology to other companies and retaining a non diluted share of 25% in that company. Agronix will receive royalties from the licensee. To that end Agronix has a license Agreement with Agronix Caricom of the Caricom Islands. Ron Behr stated that this agreement is still moving forward. That’s not to say it is guaranteed to finalize but seems likely.
Third. Agronix started a China initiative several months back that seems to be bearing fruit. CEO Peter Drummond will be heading to China next month in an effort to move things forward. Something to note from the press today was the mention from the Geneva Group:-
"We have agreed to meet in Shanghai in November to attend the Shanghai
International Industry Fair, November 6-10th. From there, Mr. Drummond will
accompany Dr. Wang and me to Henan Province where a plant presently in operation
is processing 100,000 tons of waste annually. This privately owned Chinese
company avidly wishes to acquire Agronix's proprietary technology and serve as
its showcase throughout Asia."
If Agronix is able to license its technology with a company that has existing plants, then it is only a matter of parachuting the Agronix systems into the plant and continue operations. This would significantly reduce the timeframe to get this initiative underway.
Disclaimer- this is only my opinion. Please contact the company and do your own DD. ;~)
Peace
money
NEWS
(COMTEX) B: Agronix and Genesis Formulate China Initiative; November Meeti
gs in Shanghai and Henan Province Set
B: Agronix and Genesis Formulate China Initiative; November Meetings in Shanghai
and Henan Province Set
BOCA RATON, Fla., Oct 15, 2003 (BUSINESS WIRE) -- Genesis Technology Group,
Inc. (OTCBB:GTEC) announced today a further contract with Agronix, Inc.
(OTCBB:AGNI). Genesis benefits through success fees and equity in any future
Sino-Agronix business entity created through its efforts.
Agronix, a U.S. public corporation with its head office in Los Angeles, is a
biotechnology company with an environmental focus and mission. It was founded in
1999 to locate technologies that would solve the greatest threat facing the
global environment today -- which is the pollution caused by massive amounts of
organic waste created by modern society and industry. Agronix's technologies
convert organic wastes, such as animal manures from intensive livestock
operations, sewer sludge, and waste from industrial food production and
processing, into value-added organic fertilizers and soil amendments.
Agronix Chairman Peter Drummond commented, "We have been pleased with Genesis's
tenacity and attention to detail. Agronix is committed to China and will rely on
Genesis to effectively commercialize our technology. Agronix's entry into the
Chinese markets must be carefully mapped out and executed. Genesis has both
carefully screened joint venture partners and strong support from the Chinese
investment community."
Genesis CEO Gary Wolfson added, "We have worked closely with Agronix since
April. In September, Peter Drummond traveled to Florida to meet with us to
finalize Agronix's China initiative. Its organic waste management systems are so
critically needed, as the Chinese continue to scour the world for the best and
most environmentally sensitive technologies.
"We have agreed to meet in Shanghai in November to attend the Shanghai
International Industry Fair, November 6-10th. From there, Mr. Drummond will
accompany Dr. Wang and me to Henan Province where a plant presently in operation
is processing 100,000 tons of waste annually. This privately owned Chinese
company avidly wishes to acquire Agronix's proprietary technology and serve as
its showcase throughout Asia."
About Genesis Technology Group, Inc.
Genesis Technology Group is a business development firm that fosters bilateral
commerce between companies in the United States and Europe with those in China.
Genesis has created successful profit centers in product development,
manufacturing, distribution, joint ventures and operational services. Genesis
has established effective working relationships with various governmental
agencies, public institutions, and private industries in China at both national
and provincial levels. The Company was the first western company to become a
member of the Shanghai Technology Stock Exchange (STSE). (For more information,
visit http://www.genesis-technology.net.)
About Agronix, Inc.
Agronix is a recognized leader in innovative organic waste management
technology. The Company's BCR System converts organic waste materials (animal
manure, sewage sludge, bio-solids, and industrial food processing waste, etc.)
into organic fertilizers, soil amendments and other value added agricultural
products. The Company is also engaged in the business of developing their BCIR
System technology that is used to recover chemical commodities from organic
waste for a wide variety of commercial industries such as agriculture, food, oil
and gas, paper, clothing and pharmaceuticals. (For more information, visit
http://www.agronixinc.com.)
About the Shanghai International Industry Fair
The Shanghai International Industry Fair (SIF) is a large-scale nationwide fair
in China that is held in Shanghai every November. The SIF has been held since
1999 and focuses on showcasing the high-tech industry and modern industrial
equipment. The event is co-sponsored by the State Economic and Trade Commission,
the Ministry of Foreign Trade and Economic Cooperation and the Shanghai
Municipal People's Government. This year's event will increase in size and scope
with the additional sponsorship of the Ministry of Science and Technology, the
Ministry of Information Industry, the Ministry of Education, the Chinese Academy
of Science and the China Council for the Promotion of International Trade.
Included in the list of enterprise exhibitors are such multi-national
corporations as Microsoft, IBM, Lucent, Siemens, GE, Roche, Johnson & Johnson,
Emerson, 3M, Dow Corning, Daewoo Motor, Alcatel, Motorola, ###, Volvo, Philips,
Epson, Compaq, Delphi, Intel, SOLAIC, Alps, Bondage, and Omron. The degree to
which SIF represents an International event has reached new levels and has
initiated a new era for China's exhibition industry. SIF 2001 attracted 500,000
visitors and produced transactions totaling RMB 31.26 billion (about US$4
billion), ten times greater than that of the previous year. (For more
information, visit http://www.sif-expo.com/eindex.htm)
This announcement contains forward-looking statements that involve risks and
uncertainties, including those relating to the Company's ability to grow its
business. Actual results may differ materially from the results predicted and
reported results should not be considered as an indication of future
performance. The potential risks and uncertainties include, among others, the
Company's limited operating history, the limited financial resources, domestic
or global economic conditions -- especially those relating to China, activities
of competitors and the presence of new or additional competition, and changes in
Federal or State laws, restrictions and regulations on doing business in a
foreign country, in particular China, and conditions of equity markets. More
information about the potential factors that could affect the Company's business
and financial results is included in the Company's filings, available via the
United States Securities and Exchange Commission.
SOURCE: Genesis Technology Group, Inc.
CONTACT: Genesis Technology Group, Inc., Tampa
Kenneth Clinton, 561-988-9880, Fax: 561-988-9890
kclinton@genesis-technology.net
URL: http://www.businesswire.com
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
Copyright (C) 2003 Business Wire. All rights reserved.
-0-
KEYWORD: FLORIDA CALIFORNIA CHINA INTERNATIONAL ASIA PACIFIC
INDUSTRY KEYWORD: BANKING
ENVIRONMENT
BIOTECHNOLOGY
MARKETING
AGREEMENTS
*** end of story ***
Keep an eye on the Berlin exchange tonight. That should be a good indication of things to come. We had almost 300,000 shares bought in the last three days of trading over there. ;~)
money
ptrey- I started buying shares of Agronix a little over a year ago because I was so impressed with the systems they have developed. Raising the financing to move things forward has been quite tedious. I believe we are now finally jumping over that hurdle. These next few weeks will be interesting to watch. OPIC coming on board is a major step forward and gives Agronix allot of credibility having them as a finance partner.
Thanks for your comments.
GLTY
money
money: Thanks for the reply. It's interesting that the two OWR machines are/were in Ireland and Vancouver. I wish Agronix all success in their endeavors. I probably won't call them in the near term.
It looks like Agronix has put together a one-stop shopping system other than the financing part as far as I can see. FASC is doing the same through AgES and perhaps FAPC. Here is a post that I posted earlier on the IH FASC board:
Posted by: ptrey
In reply to: None Date:10/11/2003 4:44:35 PM
Post #of 741
FWIW/JMHO: This snip hits the nail on the head:
http://www.mindbranch.com/listing/product/R1-2392.html
Biopower Likely to Dominate the Renewable Energy Market
Despite the high initial investments and difficulties in securing finance, biomass and waste-to-energy plants are expected to grow by 18 to 26 percent in the next ten years in terms of newly-installed electricity capacity alone. The analyst says, "Competition will be limited during the first five years, as the primary focus of market participants will be to install their first commercial plant and prove reliability and generate economies of scale". There will be a gradual increase in competition as different technologies are accepted and established in the market. Companies that are able to offer a one-stop shop solution from design to installation, maintenance, and financing have a better chance to capture substantial market share.
ptrey- I read that the other day when you first brought the subject up. It looked to me that this was a business deal that had a good start with a poor conclusion when OWR was unable to raise funds to proceed. The Agronix turn-key plant has its own system to deal with moisture removal and grinding of organic mass. However these plants of OWR will be getting a retool to run the Agronix systems, so it would be interesting to find out if Agronix will incorporate the FACS- KDS system, or if it will be returned. All I have is speculation, you could also consider calling Agronix directly, they have been rather generous with their time when I have questions.
I haven’t wanted to bother Agronix while they are going through the process with OPIC and final negotiations with OWR and the European Investors involved with this acquisition. Things seem to be moving forward now.
Peace
money
MONYBOYUT: FWIW: Here is FASC's news release concerning OWR. Best, Will
http://www.fasc.net/newsrelease/02-03-25.htm
NEWS RELEASE - March 25, 2002
News Release First American Scientific Corp ( FASC-OTC, BB) March 25, 2002
FASC announces sale of KDS equipment in Ireland to open new markets in organics waste processing
Mr. C.L. Kantonen, Chairman of First American Scientific Corp. ("FASC") is pleased to announce an agreement has been signed with Organic Waste Returns Ltd. ("OWR") of Dublin, Ireland for the sale and installation of 2 KDS systems for processing organic food waste.
OWR and FASC have been cooperating since June 2001 in the development of a combined system for the processing of previously unmanageable waste products, specifically food related wastes. Through a series of trials which included product conditioning and KDS equipment refinements, sufficient throughput volumes were finally achieved in January 2002, allowing commercially viable quantities of mixed food related wastes to be processed through the KDS equipment. To complete their project in Ireland, OWR signed agreements for the acquisition of two early model 150 hp KDS units. These units will be upgraded to incorporate current design standards and specifications and will be installed at OWR's waste management facility in the Republic of Ireland for the processing of mixed food related wastes.
OWR has engineered a unique process that combines several existing biological, chemical and mechanical technologies. When installed in series, these technologies, including FASC's KDS technology, can efficiently and cost-effectively process mixed organic waste to produce a stable, nutrient-rich product, which can be used in other processes, or combined with admixtures to create an organic-based specialty fertilizer. OWR currently enjoys access to established markets for organic based products throughout Europe and Australia.
Municipalities and countries around the world now have an effective alternative to land filling their organic wastes with the introduction of the OWR process, utilizing the KDS technology, and can effectively manage their problematic waste streams, while producing value added organic based end products. As new environmental regulations severely impact the disposal of organic wastes, FASC and OWR are strategically positioned to become leaders in waste management systems in the UK and Europe.
"We are extremely excited about the successful adaptation and sale of our KDS equipment to OWR and the new market opportunities this brings to FASC for the future sales in the waste management industry world-wide", commented Brian Nichols, President and CEO for First American Scientific Corp.
Certain information and statements included in this release constitute forward-looking statements within the meaning of Federal Private Securities Litigation Reform Act of 1995.
ON BEHALF OF THE BOARD OF DIRECTORS C.L. Kantonen , Chairman FASC: (NASD Bulletin Board - FASC OTC/BB) Web Site: www.fasc.net
Call Corporate Communications Toll Free 1-800-561-8656
*NEWS*- check the latest press posting on this page.
Correction - make that 98,000 purchased today on the Berlin exchange.
Buying continues on the Berlin exchange with another 72,000 purchased today,that is a total of 239,000 shares purchased. (IMHO) I think something is up; you don't have zero volume for two months and then three days of solid buying for no reason. ;~)
money
ptrey- I do know that Agronix has obtained a very sophisticated dewatering system through the acquisition of B.C. Bioventures. But you are right about the parallels between the two companies being curious. I'll mention it next time I talk to Ron or Brian.
Peace,
money
moneyboyut...Thanks for the reply.
There is circumstantial evidence that there may be synergy between Agronix & FASC through OWR somehow with the Ireland and the Vancouver locations in particular. FASC is a Registered US company with offices in BC. [snip from 10K: "We rent office space in West Vancouver, British Columbia, Canada which serve as administrative and rent a sales offices and demonstration facility in Delta, British Columbia. AGES rents office space in Montreal, Quebec."
FWIW: This snip was also in FASC's 10K yesterday: "as well as tests for the dewatering of food waste."
Keep in touch, Will
ptrey- It looks like the connection is that both FASC and Agronix have a business relation with Organic Waste Returns (OWR). In the Quarterly report in May OWR is specifically mentioned as the Company that Agronix is in negotiations with. In my discussions with Agronix of other companies that they are working with FASC has not been mentioned. If I learn more I'll pass it on.
money
moneyboyut: Do you have any idea if there is synergy between FASC [ http://www.fasc.net/ ] and Agronix? TIA, Will
Snip from FASC's 10K filed yesterday:
In March 2002, we announced an agreement for the sale of two systems to Organic Waste Returns Inc., in Ireland. The first machine was delivered but not put into operation pending upgrades. Upgrades were made to a second machine in Vancouver. To date the second machine has not been delivered, and the first machine has not been put into production. We delayed delivery when it became apparent that the purchaser was unable to raise sufficient funds to meet final payment under the agreement. This sale did not close as the purchaser subsequently advised us that they were unable to raise sufficient funds to complete the project.
More Berlin action... Another 90,000 shares sold over night.
Berlin was active for the first time last night with 77,000 shares being bought. It will be interesting to see if it continues tonight. ;~)
money
Overseas Private Investment Corporation (OPIC) in Process of Moving Forward With Agronix, Inc. in Ireland
Wednesday September 24, 8:11 AM EDT
Agronix, Inc. (AGNI) is pleased to announce that it has received a letter from OPIC confirming they are "moving forward in their process of Agronix, Inc.'s financing of its project in Ireland."
OPIC President Peter S. Watson stated, "The technology that will be used in your organic waste processing facility in Ireland is fascinating, and OPIC is keenly interested in how that technology can be applied in many other countries."
Agronix's CEO, Peter Drummond, commented, "Agronix is very fortunate to have a potential strategic partner of OPIC's stature supporting the financing process in Ireland. Mr. Drummond added, "We are very pleased with the extensive work the Agronix Operations Division has made developing the background and financial information for the acquisition of this key Irish plant."
About OPIC
OPIC was established as an agency of the U.S. government in 1971. It helps U.S. businesses invest overseas, fosters economic development in new and emerging markets, complements the private sector in managing risks associated with foreign direct investment, and supports U.S. foreign policy. Because OPIC charges market-based fees for its products, it operates on a self-sustaining basis at no net cost to taxpayers.
OPIC's political risk insurance and financing help U.S. businesses of all sizes invest in more than 150 emerging markets and developing nations worldwide. Over the agency's 32-year history, OPIC has supported $145 billion worth of investments that have helped developing countries to generate over $11 billion in host-government revenues and create over 680,000 host-country jobs. OPIC projects have also generated $65 billion in U.S. exports and created more than 254,000 American jobs.
About Agronix
Agronix is a recognized leader in innovative organic waste management technology. The Company's BCR System converts organic waste materials (animal manure, sewage sludge, bio-solids, and industrial food processing waste, etc.) into organic fertilizers, soil amendments and other value added agricultural products. The Company is also engaged in the business of developing their BCIR System technology that is used to recover chemical commodities from organic waste for a wide variety of commercial industries such as agriculture, food, oil and gas, paper, clothing and pharmaceuticals. http://www.agronixinc.com
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
BigJ- These pages are straight forward to operate. Just don't do what I did at first and try to use HTML codes. The Investors Hub edit page uses their own code. You can find them in the help section.
I'm going fishing in Montana will be back end of next week I'll check out your new page when I get back. GLTY
money
Thanks Money!
BTW,
This site is cool. I want to start a board for a company. Is it difficult to add graphics, etc.?
-BigJ
bigjeza- I talked with Ron Behr today about the meeting last Friday. He told me it was just a formality and strictly followed the outline set in the DEF 14A. He also commented that all of the major shareholders came and are still very supportive.
Other items- The Caricom deal is in the crossing “T's” and dotting “i's” stage. IMO We should hear positive news in the next couple of weeks on this one.
Scotland Plant- IMO is still moving forward but I would say we are two or three weeks out.
money
bigjeza- I put a call into Agronix about getting highlights of the shareholder meeting. If they don't do a formal release I'll get the major points from them and post them here.
money
Could someone please post comments from the meeting?
If possible, it would be interesting to know what was said.
TIA
Annual Meeting of Shareholders tomarrow. eom
READ THIS
For the last several months Agronix has been working towards the purchase of existing plants that they can parachute the Agronix process into. Putting the shares on the Berlin Exchange was one of the last pieces that needed to fall into place to make this go. IMHO I expect things will move forward in the next few weeks. Last week I was told that the Caricom deal was still moving forward and was expected to fund 30 to 60 days. Agronix could not comment on what else they were working on, that leaves me to speculate other things will be coming up soon. Keep your radar on this stock.
money
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China Yingxia International, Inc. (China Yingxia) operates its business through its wholly owned subsidiary, Harbin Yingxia Business Group, Ltd. (Harbin Yingxia). Harbin Yingxia is engaged in the development, production, and sale of health food products, including soybean meals and drinks, cactus-based foods, rice products, and beauty cosmetics. Its products are divided into five categories: nutritional food products, dietary supplements, cosmetic products, raw cactus plants, and personal care and other products. In April 2008, the Company completed the acquisition of Guangzhou Chichi Network Technology Development Co., Ltd. and Guangzhou Chichi Network Supermarket Chain Co., Ltd., together known as the Chichi Wang companies.
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What doesn't make sense to me was they were sitting on tons of cash and suddenly had to shut down operations.
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