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LIFE ENER&TECH (OTC BB:LETH.OB) - Trade: Choose Brokerage
Last Trade
3:09pm · 1.70 Change
+0.04 (+2.41%) Prev Cls
1.66 Open
1.66 Volume
100,500
Small: 1d 5d 1y none
Big: 1d 5d 3m 6m 1y 2y 5y
Day's Range
1.64 - 1.75 Bid
1.70 Ask
1.75 P/E
N/A Mkt Cap
N/A Avg Vol
40,477
52-wk Range
0.13 - 1.66 Bid Size
500 Ask Size
500 P/S
N/A Div/Shr
0.00 Div Date
N/A
1y Target Est
N/A EPS (ttm)
0.00 EPS Est
0.00 PEG
N/A Yield
N/A Ex-Div
N/A
what a good day for leth!!!!!!
Hi jmhollen, You are right as always! Have a great day.
Now $1.75 !!!!!
Now $1.70....
Stock price of $1.68 is now above record high of 8/4/03 by OTB and vol. is up above average. Great news!!!!
Market News LETH
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LETH LIFE ENERGY & TECHNOLOGY HOLDINGS INC
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52W HIGH: New 52-Wk High for LETH @ $1.660 up0.61%
MONDAY , AUGUST 04, 2003 03:51 PM
This is the 1st 52 WEEK HIGH alert for LETH in the past 7 calendar days.
The share price for Life Energy & Technology Holdings Inc (OTCBB: LETH) reached a new 52-week high today, trading at $1.660, up $0.010 (0.61%) from its previous close of $1.650.
The Company's previous 52-week high of $1.650 was set 3 days ago on August 01, 2003.
One year ago, the Company's shares closed at $0.510. The price has climbed more than 225 percent since then.
At the time of this alert, the stock had traded 50,900 shares via 32 trades, 9.10% above it's 20day average of 46,655 shares.
This new 52-week high currently puts the stock:
17.44% above its 20day Moving Average of $1.413
22.89% above its 50day Moving Average of $1.351
28.40% above its 100day Moving Average of $1.293
The Company last released news on July 29, 2003:
"Life Energy & Technology Holdings Inc., Biosphere Process Systems Permitted to Operate in Louisiana; LETH's Biosphere Process Systems Enter the US Marketplace"
LIFE ENERGY & TECHNOLOGY HOLDINGS INC
Life Energy & Technology Holdings, Inc. has been an energy, technology, natural resources and financial services holding company. It conducts its various operations through twenty-three subsidiary companies, six of which are wholly owned. The Company's subsidiaries are involved in various businesses, including oil and gas, real estate, industrial and agricultural machinery production, solid waste management and conversion, industrial construction, research, and computer technology.
What a great day for LETH stock prices. Go LETH GO!!!
News from RB Life Energy & Technology Holdings Inc., Biosphere Process Systems Permitted to Operate in Louisiana Tuesday July 29, 9:05 am ET
UTICA, N.Y.--(BUSINESS WIRE)--July 29, 2003--Life Energy & Technology Holdings, Inc. ("Life Energy") (OTCBB:LETH - News; Deutsche Borse DE:LFT) announced today that the Biosphere Process(TM)(a) System has been permitted to operate in The State of Louisiana.
Life Energy & Technology Holdings Inc., Biosphere Process Systems Permitted to Operate in Louisiana
LETH's Biosphere Process Systems Enter the US Marketplace
UTICA, N.Y.--(BUSINESS WIRE)--July 29, 2003--Life Energy & Technology Holdings, Inc. ("Life Energy") (OTCBB:LETH - News; Deutsche Borse DE:LFT) announced today that the Biosphere Process(TM)(a) System has been permitted to operate in The State of Louisiana.
The State of Louisiana Department of Environmental Quality (DEQ) has permitted Life Energy's client Green Energy Management, LLC (GEM) to install and operate the Biosphere Process(TM) System in Louisiana. The Biosphere Process is a waste-to-energy operation that will generate electricity using various waste streams.
For the first 90 days the Biosphere Process will use construction, renovation, and demolition waste and/or tires as "feedstock." Five tons per hour will be "gasified" to operate the Biosphere and can generate up to five (5) megawatts per hour of excess electricity.
During the first 90-day period, GEM shall test for PM10, SO2, NOX, and VOC emissions using methods acceptable of the DEQ. After the 90 days a report of the test will be supplied to the Permits Division of the DEQ and other state and federal government environmental agencies.
Announcing the permitting of the Biosphere Process(TM) System to operate in the United States, Dr. Albert Reynolds (former Prime Minister of Ireland 1992-1995) and Chairman of Life Energy & Technology Holdings Inc., said, "This is not just an important milestone for Life Energy and for our Biosphere Process(TM) System, but is indeed a major landmark in the development of Life Energy as a company." Reynolds goes on to say, "LETH looks forward to this permit to be the first of many permits that will be granted in the United Sates and expects to obtain permitting in other locations in the United States in the near future."
Phil H. Nugent, Chairman of Green Energy, said, "Now that GEM/LETH are permitted to operate the Biosphere Process(TM) System by the Louisiana Department of Environmental Quality, we are immediately opening the door to promote this environmental friendly technology throughout the United States. Green Energy estimates that Louisiana will be a significant advantageous showcase for this revolutionary new technology based on present engineering principles, which will benefit generations of Americans by providing for the safe and effective disposal of waste materials while creating clean safe Green Energy in the form of electricity. It is our intention with LETH as our partner to introduce the Biosphere Process(TM) technology throughout North America."
Nugent goes on to say, "This permit will allow Green Energy a platform in which to prove and certify the Biosphere's low emissions using certain feedstocks such as auto and truck tires and construction and demolition debris. Revenue will begin once the Biosphere is in full operation. Revenues from the disposal of tire waste should generate between three and five million dollars annually. The company will generate additional revenue from the sale of excess electricity to the grid."
About Green Energy Management, LLC
In April 2003, Green Energy agreed to purchase its initial Biosphere Process Systems(TM) from Life Energy for USD $7 million per system and has an option to purchase and/or joint venture up to an additional 1000 Biosphere Process Systems(TM) over the next 60 months. The Biospheres will be deployed in several southern and mid-western states to process municipal waste, petroleum related hazardous and industrial wastes, agricultural waste and auto and truck tires.
About Life Energy & Technology Holdings Inc. (http://www.le-th.com)
Life Energy is rapidly becoming a leader in the environmental infrastructure and electricity co-generation markets. Life Energy's unique proprietary technology, EcoTechnology(TM)(b), generates electrical energy through a profitable and environmentally safe process. The Biosphere Process(TM) System, a central part of Life Energy's EcoTechnology(TM), safely and efficiently processes traditional and non-traditional waste materials and/or traditional fuels into electricity and other beneficial by-products. The Biosphere Process(TM) assists in solving the global waste problem by converting into clean, green electricity such waste materials as: Municipal Solid Waste (MSW), agricultural wastes, forestry wastes, agricultural and industrial effluents, medical wastes, industrial wastes, used tires, sewage sludge, shale oil, sour natural gas and many other traditional and non-traditional waste materials.
This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.
(a)Biosphere Process & Biosphere are copyright trademarks of the Life Energy Partnership 1995 and the Company.
(b)EcoTechnology is a copyright trademark of the Life Energy Partnership 1995 and the Company.
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Contact:
Life Energy & Technology Holdings, Inc.
Dr. CA McCormack, 866-616-5433
drca@le-th.com
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Source: Life Energy & Technology Holdings, Inc.
Go to the LETH Website to read more
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Life Energy & Technology Holdings, Inc
Welcome aboard getrichnow1. Best of luck to all of us!
July 24, 2003
LIFE ENERGY & TECHNOLOGY HOLDINGS INC (LETH.OB)
form 8-K
Item 5. Other Events.
Life Energy and Technology Holdings Inc. ("Life Energy") has submitted a plan of reorganization for its wholly owed subsidiary Health-Pak New York, Inc ("Health-Pak") to the Bankruptcy Court in the Northern District of New York for final plan confirmation. The plan calls for the sale and spin-off of Health-Pak to the existing Health-Pak management, investors and the existing shareholders of Life Energy on the Record Date of September 8, 2003
Anthony Liberatore and Michael Liberatore resigned as officers of Life Energy on July 17, 2003, but will remain as directors. They took this action to avoid any conflict of interest that might arise due to the fact they will serve as management of Health-Pak, after the spin-out.
Life Energy & Technology Holdings Inc. Sells Health-Pak New York and Announces a Record Date for ``Spin-Off'' July 23, 2003
UTICA, N.Y.--(BUSINESS WIRE)--July 23, 2003--Please replace BW5486, (NY-LIFE-ENERGY-&-TECH) Life Energy & Technology Holdings Inc. Announces a Spinout of Health-Pak, Inc., a Wholly Owned Subsidiary, with the following revised release.
LIFE ENERGY & TECHNOLOGY HOLDINGS INC. SELLS HEALTH-PAK NEW YORK AND ANNOUNCES A RECORD DATE FOR "SPIN-OFF"; LETH TO PAY STOCK DIVIDEND TO SHAREHOLDERS
Life Energy & Technology Holdings, Inc. ("Life Energy") (OTCBB: LETH - News; Deutsche Borse DE: LFT) announced today it will spin-off Health-Pak New York, a wholly owned subsidiary of Life Energy, in a Management buyout led by Anthony and Michael Liberatore.
Life Energy & Technology Holdings Inc. (as Health-Pak Inc.), was incorporated in the State of Delaware on Dec. 28, 1987 and renamed Life Energy & Technology Holdings Inc., upon reverse merger in November 2000. Health-Pak, Inc. had a wholly owned subsidiary, a New York Corporation known as Health-Pak New York, which has benefited from Chapter 11 protection under the United States Bankruptcy Laws since September 1999.
As of July 17, 2003, Anthony and Michael Liberatore, who ran and operated Health-Pak New York for Life Energy since November 2000, resigned their positions as Officers of Life Energy thus avoiding any conflict of interest, and subsequently led a successful Investor Group in a Management buyout of Health-Pak New York from Life Energy.
During a Special Meeting of the Board of Directors of Life Energy on July 22, 2003, it was resolved to spin off Health-Pak as part of a plan of reorganization submitted for a plan confirmation to the Bankruptcy court in New York. Life Energy's Board made this decision as the business of Health-Pak, which manufactures medical disposables, is incompatible with and unrelated to Life Energy's core business as a waste to energy company. Health-Pak will be spun off to existing Health-Pak management, investors and Life Energy shareholders, pro-rata, in the nature of a stock dividend distribution. Shareholders of Life Energy entitled to participate in the spin off distribution will receive one share of Health-Pak for each 10 shares of Life Energy owned as of the record date.
Life Energy has established September 8, 2003 as the record date for the spin off. Only shareholders of record in Life Energy on the record date will be entitled to participate in the stock dividend distribution. Following the record date, shares of Life Energy common stock will trade "ex-dividend."
Health-Pak New York, Inc. intends to commence trading on the appropriate public exchange. Final details of the transaction will be announced at a future date.
Life Energy plans to announce to current shareholders complete details of the transaction in the very near future.
About Life Energy & Technology Holdings Inc. (http://www.le-th.com)
Life Energy is rapidly becoming a leader in the environmental infrastructure and electricity co-generation markets. Life Energy's unique proprietary technology, EcoTechnology(TM), supplies energy through a profitable and environmentally safe process. The Biosphere Process(TM) System, a central part of the EcoTechnology(TM) system, safely and efficiently processes traditional and non-traditional waste materials into electricity and other beneficial by-products. The Biosphere Process(TM) assists in solving the global waste problem by converting into clean, green electricity such waste materials as: Municipal Solid Waste (MSW), agricultural, effluent, medical, industrial, shale oil, sour natural gas and many other traditional and non-traditional waste materials.
About Health-Pak New York (http://www.health-pak.com)
Health-Pak manufactures disposable apparel for medical, clean room and industrial safety applications.
Biosphere Process(TM) System & Biosphere are copyright trademarks of the Life Energy Partnership 1995 and Company
EcoTechnology(TM) is a copyright trademark of the Life Energy Partnership 1995 and Company
This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.
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Contact:
For Life Energy & Technology Holdings, Utica
Michael Liberatore, 315-724-8370
Email: info@le-th.com
Visit the LETH Website for more information
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Life Energy & Technology Holdings, Inc
7637 Leesburg Pike
Building 200
Falls Church, VA 22043
Phone: 866-616-LIFE(5433)
Fax: 1-202-318-5380
Web site: http://www.le-th.com
E-mail: Corporate@le-th.com
CORRECTING and REPLACING Life Energy & Technology Holdings Inc. Sells Health-Pak New York and Announces a Record Date for ``Spin-Off''
Wednesday July 23, 3:34 pm ET
UTICA, N.Y.--(BUSINESS WIRE)--July 23, 2003--Please replace BW5486, (NY-LIFE-ENERGY-&-TECH) Life Energy & Technology Holdings Inc. Announces a Spinout of Health-Pak, Inc., a Wholly Owned Subsidiary, with the following revised release.
ADVERTISEMENT
The corrected release reads:
LIFE ENERGY & TECHNOLOGY HOLDINGS INC. SELLS HEALTH-PAK NEW YORK AND ANNOUNCES A RECORD DATE FOR "SPIN-OFF"; LETH TO PAY STOCK DIVIDEND TO SHAREHOLDERS
Life Energy & Technology Holdings, Inc. ("Life Energy") (OTCBB: LETH - News; Deutsche Borse DE: LFT) announced today it will spin-off Health-Pak New York, a wholly owned subsidiary of Life Energy, in a Management buyout led by Anthony and Michael Liberatore.
Life Energy & Technology Holdings Inc. (as Health-Pak Inc.), was incorporated in the State of Delaware on Dec. 28, 1987 and renamed Life Energy & Technology Holdings Inc., upon reverse merger in November 2000. Health-Pak, Inc. had a wholly owned subsidiary, a New York Corporation known as Health-Pak New York, which has benefited from Chapter 11 protection under the United States Bankruptcy Laws since September 1999.
As of July 17, 2003, Anthony and Michael Liberatore, who ran and operated Health-Pak New York for Life Energy since November 2000, resigned their positions as Officers of Life Energy thus avoiding any conflict of interest, and subsequently led a successful Investor Group in a Management buyout of Health-Pak New York from Life Energy.
During a Special Meeting of the Board of Directors of Life Energy on July 22, 2003, it was resolved to spin off Health-Pak as part of a plan of reorganization submitted for a plan confirmation to the Bankruptcy court in New York. Life Energy's Board made this decision as the business of Health-Pak, which manufactures medical disposables, is incompatible with and unrelated to Life Energy's core business as a waste to energy company. Health-Pak will be spun off to existing Health-Pak management, investors and Life Energy shareholders, pro-rata, in the nature of a stock dividend distribution. Shareholders of Life Energy entitled to participate in the spin off distribution will receive one share of Health-Pak for each 10 shares of Life Energy owned as of the record date.
Life Energy has established September 8, 2003 as the record date for the spin off. Only shareholders of record in Life Energy on the record date will be entitled to participate in the stock dividend distribution. Following the record date, shares of Life Energy common stock will trade "ex-dividend."
Health-Pak New York, Inc. intends to commence trading on the appropriate public exchange. Final details of the transaction will be announced at a future date.
Life Energy plans to announce to current shareholders complete details of the transaction in the very near future.
About Life Energy & Technology Holdings Inc. (http://www.le-th.com)
Life Energy is rapidly becoming a leader in the environmental infrastructure and electricity co-generation markets. Life Energy's unique proprietary technology, EcoTechnology(TM), supplies energy through a profitable and environmentally safe process. The Biosphere Process(TM) System, a central part of the EcoTechnology(TM) system, safely and efficiently processes traditional and non-traditional waste materials into electricity and other beneficial by-products. The Biosphere Process(TM) assists in solving the global waste problem by converting into clean, green electricity such waste materials as: Municipal Solid Waste (MSW), agricultural, effluent, medical, industrial, shale oil, sour natural gas and many other traditional and non-traditional waste materials.
About Health-Pak New York (http://www.health-pak.com)
Health-Pak manufactures disposable apparel for medical, clean room and industrial safety applications.
Biosphere Process(TM) System & Biosphere are copyright trademarks of the Life Energy Partnership 1995 and Company
EcoTechnology(TM) is a copyright trademark of the Life Energy Partnership 1995 and Company
This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.
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Contact:
For Life Energy & Technology Holdings, Utica
Michael Liberatore, 315-724-8370
Email: info@le-th.com
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Source: Life Energy & Technology Holdings, Inc.
I just heard a rumor. LETh my have a new sizable partner and one with very sizable financing. I guess we now must wait for a 8K or something to come out for all of the information. We can only hope it is in the millions. Good luck to all of us.
Hi jmhollen,
Everything is great on this side of the briar patch.
"...Goin' to da MOON..... The MMM is holding it down. Woooooo woooo..."!!! Tee hee hee.
I agree! Have a great day!
"To talk to someone who does not listen is enough to tense the devil."
-Pearl Bailey, Talking to Myself
jmhollen, I couldn't agree with you more. Have a great day! As to scion, "The important thing is not to stop questioning."
-Albert Einstein
"There are two sorts of curiosity -- the momentary and the permanent. The momentary is concerned with the odd appearance on the surface of things. The permanent is attracted by the amazing and consecutive life that flows on beneath the surface of things."
-Robert Lynd
"The measure of a man's real character is what he would do if he knew he would never be found out."
-Thomas B. Macaulay
Headlines for Life Energy & Technology Hldgs (OTC BB : LETH) 12:28 AM ET
Company Releases for Life Energy & Technology Hldgs
Monday, July 07, 2003
Life Energy & Technology Holdings Inc. Enters Letter of Intent to Sell Two MKII Biosphere Process(tm)(1) Systems for Installation in Kirov, Russia - PrimeZone 10:18 AM
Monday, June 02, 2003
Life Energy & Technology Holdings Inc., Retires 5,000,000 Shares of Stock to Treasury - PrimeZone 12:22 PM
Thursday, May 29, 2003
Life Energy & Technology Holdings Inc. Completes a Fourth Quarter Sale of 12 Biosphere Process Systems to Middle East Client for $70.8 Million; Agreement Includes a Delivery Schedule for an Additional 36 Biosphere Process Systems Over the Next Three Quarters - PrimeZone 9:01 AM
Wednesday, May 28, 2003
Life Energy & Technology Holdings Inc. Locates Corporate Representative in Africa - PrimeZone 11:02 AM
Wednesday, April 16, 2003
Life Energy & Technology Holdings Inc. Sells Biosphere Process System to GEM for Oil Waste Remediation - PrimeZone 9:50 AM
Thursday, March 27, 2003
Life Energy & Technology Holdings, Inc. Today Announced that It Welcomes SEC Amendment Strengthening Rule on Delivery of Stock - PrimeZone 3:17 PM
Wednesday, March 12, 2003
Life Energy & Technology Holdings Inc.: LETH Withdraws From DTC (Depository Trust Co) to Prevent what it believes is the Naked Short Selling of its stock by Market Makers. - Canadian Corporate News 12:57 PM
Life Energy & Technology Holdings, Inc.: LETH Withdraws From DTC, Depository Trust Co, to Prevent What It Believes is the Naked Short Selling of Its Stock by Market Makers. - BusinessWire 12:46 PM
Larry Oakley's Opinion
This column is strictly my personal opinion regarding one or more of the Special Situations I follow. I will be replacing this column each time one of these companies has reached what I feel is an important milestone. Many of you told me the Web has lots of facts, but is almost totally lacking in opinion. You asked me to give my personal interpretation of what is happening. That's what this column does.
If it seems that some old content is being displayed, try clicking the Refresh button on your web browser.
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Previous Opinion:
Click Here for Current Opinion.
Date Posted: 05/22/03 12:00:00 AM.0
Life Energy & Technology Holdings, Inc. (OTC BB/LETH) (Deutsche Borse DE/LFT)
This is another sleeper in my opinion.
LETH's Biosphere Process(TM) System helps solve the global waste problem. It converts such wastes as agricultural, medical, industrial, shale oil, sour natural gas, MSW (municipal solid waste), & many other waste materials into electricity.
Selling these systems looks to be rather easy -- think about it -- the system generates electricity that can be sold to the grid -- the fuel is not only free, the operator gets paid to accept it -- & the system solves serious environmental problems.
LETH, originally organized in 11/2000 in the Republic of Ireland, became public via a reverse merger 12/4/2000, & established its head office in Utica, NY. In 2/2001, it took delivery in Ireland of two Biosphere Process(TM) Systems, & leased them to a private company in Beirut, Lebanon for $2,020,000 per year for 25 years. In 1/2003, the lease was converted to an outright sale for $25 million. $1,020,000 has been received, & four additional payments of $5,995,000 each are due at different times through 1/25/2004.
In 1/2003, Global FranTech contracted to purchase five MKIII Biosphere Process(TM) Systems for a total of $55 million, with an option to purchase 595 more systems at $11 million each. The contract is being guaranteed by the Chinese Central Government, & the complete package is being financed by a major Japanese Bank.
LETH entered into another contract in 1/2003 with Gallacher Soggs & Co., New Hartford, NY for one Biosphere Process(TM) System for $6.5 million with an option to purchase up to an additional 299 systems. Gallacher has the right to use the system & its innovative technologies for the states of NY, MA, RI, NJ, & PA to process & dispose of tires & industrial wastes. Gallacher began the permit process & awaits financing.
Because LETH held orders based on letters of intent & contracts for 1,436 systems, it decided in 12/2002 to develop a manufacturing base in the U.S. It has an option to purchase a 371,000 square foot commercial building on 29 acres adjacent to its existing 45,000 square foot facility in Utica, NY. The purchase is subject to the successful negotiation of a financial assistance & grant aid package being negotiated with NY State agencies.
On 2/27/2003, LETH chairman Dr. Albert Reynolds (former Prime Minister of Ireland) confirmed the opening of LETH's permanent governmental affairs office in Washington D.C., & the formation of its advisory board, appointing the former Senator from Indiana Vance Hartke as chairman, Bill Meola as deputy chairman & secretary, & June Nichols Sweeney (was deputy administrator of the Small Business Administration), Robert E. Coakley (was senior professional staffer to John Kasich [R-Ohio - chairman of the House Budget Committee]), Prince Farouk Agha (Turkish Ottoman Prince & the U.S. advisor & consultant to several governments in the Middle East & West Africa), & Sean P. Griffin (noted ecologist).
On 4/16/2003, Green Energy Management, L.L.C. (GEM) of New Orleans agreed to buy a Biosphere Process(TM) System for $7 million, with an option to purchase up to an additional 1000 systems over the next 60 months. The contract grants GEM access to LETH's technologies for several southern & mid-western states to process municipal waste, petroleum related hazardous & industrial wastes, agricultural waste such as bagasse, & auto & truck tires.
The system will give GEM multiple revenue streams -- it can charge a fee to destroy waste by using it as feedstock at 5-7 tons per hour to generate & sell 5 mega-watts per hour of electricity, & produce potable water & recyclables. Tetra Tech EMI, a key alliance partner of LETH, is working on obtaining LA Dept. of Environmental Quality permits.
Tetra Tech EMI (www.ttemi.com), incidentally, is one of the largest providers in environmental, civil, chemical, mechanical, structural, electrical, sanitary, & management consulting services in the U.S. Its clients include U.S. Departments of Defense, Energy, Interior, & State, & FEMA, GSA, EPA, Postal Service, & commercial clients. It's one of 32 subsidiaries of Tetra Tech Inc. (www.tetratech.com) (NASDAQ NM/TTEK), which has over 7300 employees & reported annual revenues of nearly $1 billion.
GEM chairman Phil H. Nugent says: "The Biosphere Process(TM) System is going to revolutionize a lucrative niche market. Green Energy Management plans to deploy the first Biosphere(TM) at an MSW site that also handles oil field waste."
GEM's focus will be petro-chemical & oil refinery complexes between Houston & New Orleans. Nugent says: "That geographic area has the largest representation of chemical plants & refineries in the world. The Biosphere Process (TM) System can be portable or stationary, thereby adapting to the needs of specific problem areas within this vast area of industrial complexes, thus eliminating the need to inject hazardous waste into our sub-strata or trucking these hazardous materials to disposal sites hundreds of miles away. The Biosphere Process(TM) will be able to reduce stockpiles of wastes within acceptable EPA emission requirements while creating an inexpensive source of power generation that can be sold to the electrical grid under federal regulations."
GEM is negotiating with companies that produce contaminated onshore & offshore drilling fluids, drill cuttings, & MSW that need to be disposed of within tight EPA regulations. GEM is also negotiating with several municipalities to reduce their stockpiles of MSW, & is in conversations with several sugar mills. The mills would pay GEM to dispose of their bagasse waste stock piles while also purchasing the electricity the system would produce.
I suggest you check on LETH -- it closed last evening (5/21/2003) at $1.25, up $0.10 for the day. Its 52 week range is $0.13 - $1.63. Call Michael Liberatore @ 315-724-8370 or email info@le-th.com --- www.le-th.com
Life Energy and Technology Holdings Inc. ("Life Energy") has entered into a Letter of Intent (copy herewith) to supply two Biosphere Process(TM) Systems to the State of Abia, Nigeria. The purchase price of the initial two systems is U.S. $7,000,000 per system. Governor Orji Uzor Kalu of The State of Abia, Nigeria has signed the Letter of Intent with Life Energy and Providence International Energy Company LLC ("Providence International") and the Governor will arrange for a Take or Pay Power Purchase Contract. The Take or Pay Power Purchase Contract will be arranged for Life Energy and Providence International to sell electricity at local power purchase rates. A portion of the revenue from the Take or Pay Contract will be committed to the repayment of any loans arising from the cost to finance the Biosphere Process(TM) Systems. The Biosphere Process(TM) Systems will be used for the disposal of Municipal Waste and will generate 10 MW of electricity per hour. Upon successful installation of these first two Biosphere Process(TM) Systems, the State of Abia will extend the order for ten more systems.
The Biosphere Process(TM) System is a waste to energy process, using as its energy source the waste streams provided by municipal solid waste ("MSW") and agricultural and industrial waste streams, and waste streams generated from the oil and gas industry. Recycling of the caloric content of MSW will, in the opinion of the Company, save money for municipalities and other generators of waste and will provide an efficient method of disposing of waste ecologically and economically, while simultaneously extending by use replacement the lifetime of finite fossil fuel reserves currently employed in generating electricity.
Life Energy & Technology Holdings Inc. Enters Letter of Intent to Sell Two MKII Biosphere Process(tm)(1) Systems for Installation in Kirov, Russia
Monday July 7, 10:18 am ET
UTICA, N.Y., July 7, 2003 (PRIMEZONE) -- Life Energy & Technology Holdings, Inc. (OTC BB:LETH.OB - News) (Deutsche Borse DE:LFT) has entered into an Agreement with Viatka Scientific Archive Commission of Kirov, Russia to sell two MKII Biosphere Process(tm) Systems for USD $16 million. The contract provides for a 25% down payment with the balance being funded by a lender. The systems will be installed in the Kirov Region of Russia, where they will generate up to 10 MW of electricity per hour. The fuel source will be Municipal Solid Waste (MSW).
About Life Energy & Technology Holdings Inc. (http://www.le-th.com)
Life Energy is rapidly becoming a leader in the environmental infrastructure and electricity co-generation markets. Life Energy's unique proprietary technology, EcoTechnology(tm)(2), supplies energy through a profitable and environmentally safe process. The Biosphere Process(tm) System, a central part of the EcoTechnology(tm) system, safely and efficiently, processes traditional and non-traditional waste materials into electricity and other beneficial by-products. The Biosphere Process(tm) assists in solving the global waste problem by converting into clean, green electricity such waste materials as: Municipal Solid Waste (MSW), agricultural, effluent, medical, industrial, shale oil, sour natural gas and many other traditional and non-traditional waste materials.
This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words ``may,'' ``would,'' ``will,'' ``expect,'' ``estimate,'' ``anticipate,'' ``believe,'' ``intend,'' and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.
(1) Biosphere(tm), Biosphere Process(tm), Biosphere System(tm), Biosphere Venturi(tm) & Biosphere Densifier(tm) are all trademarks of the Life Energy Partnership 1994.
(2) EcoTechnology(tm) is a copyright trademark of the Life Energy Partnership 1995 and Company
Contact:
Life Energy & Technology Holdings, Utica, NY
Michael Liberatore
(315) 724-8370
info@le-th.com
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Source: Life Energy & Technology Holdings Inc.
jmhollen, I have been doing a few searches and hub cleaning.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=18901770
http://ragingbull.lycos.com/mboard/boards.cgi?board=BB%3ALETH&origsymbols=leth
All site's have the same opinion. We may be dealing with a completely unstable person. This is coming from more than 1 place and more than 1 person. Good luck to all of us.
scion, I am not employed by LETH or any other public traded company so for the record give it a rest. I think at this point we are all tired of your postings. If you are unhappy with this stock sell! If you do not own any of this stock, Please give it a rest!
Hi jmhollen, Thank you! Have a great day...
jmhollen, Is there any way to avoid all the bashers on this site, like a ignore button or delete, etc. Or are the bashers winning and others should move on? I was hoping to avoid dealing with the non-stockholders and the mean posters but no luck. Any ideas?
Thank you......jmhollen
Press Release Source: Life Energy & Technology Holdings Inc.
Life Energy & Technology Holdings Inc. Enters Letter of Intent to Sell Two MKII Biosphere Process(tm)(1) Systems for Installation in Kirov, Russia
Monday July 7, 10:18 am ET
UTICA, N.Y., July 7, 2003 (PRIMEZONE) -- Life Energy & Technology Holdings, Inc. (OTC BB:LETH.OB - News) (Deutsche Borse DE:LFT) has entered into an Agreement with Viatka Scientific Archive Commission of Kirov, Russia to sell two MKII Biosphere Process(tm) Systems for USD $16 million. The contract provides for a 25% down payment with the balance being funded by a lender. The systems will be installed in the Kirov Region of Russia, where they will generate up to 10 MW of electricity per hour. The fuel source will be Municipal Solid Waste (MSW).
About Life Energy & Technology Holdings Inc. (http://www.le-th.com)
Life Energy is rapidly becoming a leader in the environmental infrastructure and electricity co-generation markets. Life Energy's unique proprietary technology, EcoTechnology(tm)(2), supplies energy through a profitable and environmentally safe process. The Biosphere Process(tm) System, a central part of the EcoTechnology(tm) system, safely and efficiently, processes traditional and non-traditional waste materials into electricity and other beneficial by-products. The Biosphere Process(tm) assists in solving the global waste problem by converting into clean, green electricity such waste materials as: Municipal Solid Waste (MSW), agricultural, effluent, medical, industrial, shale oil, sour natural gas and many other traditional and non-traditional waste materials.
This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words ``may,'' ``would,'' ``will,'' ``expect,'' ``estimate,'' ``anticipate,'' ``believe,'' ``intend,'' and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.
(1) Biosphere(tm), Biosphere Process(tm), Biosphere System(tm), Biosphere Venturi(tm) & Biosphere Densifier(tm) are all trademarks of the Life Energy Partnership 1994.
(2) EcoTechnology(tm) is a copyright trademark of the Life Energy Partnership 1995 and Company
Contact:
Life Energy & Technology Holdings, Utica, NY
Michael Liberatore
(315) 724-8370
info@le-th.com
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Source: Life Energy & Technology Holdings Inc.
Life Energy and Technology Holdings Inc. ("Life Energy") has entered into a Letter of Intent (copy herewith) to supply two Biosphere Process(TM) Systems to the State of Abia, Nigeria. The purchase price of the initial two systems is U.S. $7,000,000 per system. Governor Orji Uzor Kalu of The State of Abia, Nigeria has signed the Letter of Intent with Life Energy and Providence International Energy Company LLC ("Providence International") and the Governor will arrange for a Take or Pay Power Purchase Contract. The Take or Pay Power Purchase Contract will be arranged for Life Energy and Providence International to sell electricity at local power purchase rates. A portion of the revenue from the Take or Pay Contract will be committed to the repayment of any loans arising from the cost to finance the Biosphere Process(TM) Systems. The Biosphere Process(TM) Systems will be used for the disposal of Municipal Waste and will generate 10 MW of electricity per hour. Upon successful installation of these first two Biosphere Process(TM) Systems, the State of Abia will extend the order for ten more systems.
The Biosphere Process(TM) System is a waste to energy process, using as its energy source the waste streams provided by municipal solid waste ("MSW") and agricultural and industrial waste streams, and waste streams generated from the oil and gas industry. Recycling of the caloric content of MSW will, in the opinion of the Company, save money for municipalities and other generators of waste and will provide an efficient method of disposing of waste ecologically and economically, while simultaneously extending by use replacement the lifetime of finite fossil fuel reserves currently employed in generating electricity.
Times on line article...
http://www.timesonline.co.uk/article/0,,2095-717057,00.html
Press Release Source: Life Energy & Technology Holdings Inc.
Life Energy & Technology Holdings Inc., Retires 5,000,000 Shares of Stock to Treasury
Monday June 2, 12:21 pm ET
UTICA, N.Y., June 2, 2003 (PRIMEZONE) -- Life Energy & Technology Holdings, Inc. (OTC BB:LETH.OB - News) (Deutsche Borse DE:LFT) has made an agreement with its subcontract manufacturer Alia Holdings, S.A.
Alia is the holder of five million shares (5,000,000) of LETH's Series B Preferred Stock. These shares were used as collateral against manufacturing, research & development, shipping, installation cost and other expenses incurred on behalf of LETH. Alia was reimbursed, as part of this agreement, for the return to LETH of the five million (5,000,000) shares.
About Life Energy & Technology Holdings Inc. (http://www.le-th.com)
Life Energy is rapidly becoming a leader in the environmental infrastructure, waste deposal and electricity co-generation markets. Life Energy's unique proprietary technology, EcoTechnology(tm), supplies energy through a profitable and environmentally safe process. The Biosphere Process(tm) System, a central part of the EcoTechnology(tm) system, safely and efficiently processes traditional and non-traditional waste materials into electricity and other beneficial by-products. The Biosphere Process(tm) assists in solving the global waste problem by converting into clean, green electricity such waste materials as: Municipal Solid Waste (MSW), agricultural, effluent, medical, industrial, shale oil, sour natural gas and many other traditional and non-traditional waste materials.
Biosphere Process(tm) System & Biosphere(tm) are copyright trademarks of the Life Energy Partnership 1995 and the Company.
EcoTechnology(tm) is a copyright trademark of the Life Energy Partnership 1995 and Company.
This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words ``may,'' ``would,'' ``will,'' ``expect,'' ``estimate,'' ``anticipate,'' ``believe,'' ``intend,'' and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.
Contact:
Life Energy & Technology Holdings, Utica
Michael Liberatore
(315) 724-8370
info@le-th.com
Source: Life Energy & Technology Holdings Inc.