First American Scientific Corp. (fka FASC)

[Wonway]

OTCPicks.com: Pre-Market Stocks to Watch for Wednesday, April 19th, FASC, GSNH, BLDV, INNX, RGUS, AOGS


By M2
Last Update: 4/19/2006 8:04:44 AM Data provided by

Apr 19, 2006 (M2 PRESSWIRE via COMTEX) -- Our Stocks to Watch for today include - First American Scientific Corp. (FASC), Greater Sooner Holding, Inc. (GSNH), Blue Diamond Ventures, Inc. (BLDV), Infinite Networks Corporation (INNX), REGI U.S., Inc. (RGUS) (Berlin Stock Exchange:RGJ), Avalon Oil and Gas, Inc. (AOGS)

STOCK WATCH ALERTS

FIRST AMERICAN SCIENTIFIC CORPORATION (FASC) "Up 126.19% on Tuesday"

Detailed Quote: http://www.otcpicks.com/quotes/FASC.php

First American Scientific Corp. (FASC) KDS Micronex Reduction System provides an innovative approach to fine grinding and drying for a wide variety of applications. The company works closely with their customers to design and install reliable, efficient, environmentally sound, and cost-effective solutions for materials processing and waste disposal.

Through their joint venture company Alternative Green Energy Systems and other strategic partnerships, FASC provides turn-key biomass to power applications. They can also design and install complete material handling systems for blending, pelletizing, bagging, or bulk loading of materials.

FASC is committed to continually developing and refining systems that utilize the KDS Micronex technology. To improve their technology FASC has undertaken joint-research and demonstration projects with partners in U.S., Canada, Europe, and Asia.

FASC News:

April 18 - First American Scientific Corporation Announces Signing of Joint Venture Agreement to Introduce KDS Technology in Brazil

Brian Nichols, President of First American Scientific Corp. (FASC) is pleased to announce the signing of an agreement in principle to form a joint venture to be named First American Scientific Brazil Ltda., with South American Bio-Energy Corp Ltda of Uruguay and Bruno Industrial Ltda of Brazil http://www.bruno.com.br for the manufacture, marketing, and operation of KDS equipment in Brazil, Uruguay and Argentina.

The first installation of a fully operational KDS system is planned to commence operation in September 2006 as part of a new $US 50 million sugar refinery and ethanol plant in Sao Paulo state. The KDS will process diverted waste bagasse to a pelletizer and bagging house to create "bagasse pellets" which will be burned in conventional pellet burners to create green energy. The initial target will be to deliver 300,000 tonnes of pellets in the local region, then to look beyond the borders of South America to Europe where an order for 1,000,000 tonnes of pellets is anticipated.

Brazil, the fourth largest country in the world, has an abundant supply of biomass (bagasse) that is eliminated during the refining of sugar cane. With the KDS, we can now capture overflow waste material and efficiently convert it to a high BTU biomass pellets. Our Brazilian partner has identified 80 sugar refining operations in Brazil alone that will be suitable candidates for our system.

According to Mr. Nichols, "This ties in nicely with our recent announcement of the signing of a distribution agreement with EnergyCabin http://www.energycabin.com to market their pellet burning equipment in North and South America, and also opens up opportunities in Asia where there is an abundant supply of biomass that could be pelletized and sold through our joint venture partners in Malaysia, Korea or Japan."

Under the proposed joint venture, in addition to receiving a royalty on all equipment sold and 50% of all profits, FASC will receive a royalty on every ton of pellets produced in Brazil. FASC's contribution to FASBrazil will be the exclusive license to the KDS while the Brazilian partners must provide all required startup capital until FASB achieves positive cash flow.

This is the fifth license agreement signed by FASC around the globe with installations in Malaysia, Japan, Korea, Europe, North America and now South America. Please refer to our web site for further details. http://www.fasc.net GREATER SOONER HOLDING, INC. (GSNH) "Up 89.74% on Tuesday"