Home > Boards > US OTC > Miscellaneous > Wastech (WTCH)

Wastech, Inc. to Acquire Additional Energy Assets

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
WhiteNOC Member Profile
 
Followed By 34
Posts 2,409
Boards Moderated 0
Alias Born 08/23/00
160x600 placeholder
WhiteNOC   Thursday, 06/29/06 12:42:26 PM
Re: None
Post # of 4417 
Wastech, Inc. to Acquire Additional Energy Assets

CHARLESTON, S.C., Jun 29, 2006 (PRIMEZONE via COMTEX) -- Wastech, Inc. (Pink Sheets:WTCH) (the "Company"), today announced a $1.7 Million deal to acquire approximately 600 acres of mineral rich property in southern Illinois. The Company would not yet define the exact location of the property prior to closing, however will disclose that the property will be the subject of a coal reclamation, refining and combustible fly ash storage operation, over a 10-12 year period, yielding gross revenues, exclusive of tax credits and integrated alternate energy prospects, of $13-16 Million.
Wastech plans a more detailed press release prior to the close of business today.

About the Company

Wastech, Inc. is an Oklahoma-based, public holding company, with investments in energy assets and proprietary waste management technologies, specializing in alternate means of collecting, transporting, and disposing of liquid and solid bearing wastes, as well as, integrated waste to energy programs, utilizing environmentally friendly, cutting-edge conversion systems. Wastech currently utilizes 8 patents in its business pursuits, and owns approximately 50,000 acres of coal, coal-bed methane, and oil and gas rights across the mineral rich state of West Virginia.




Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences