First National Energy Corporation (FNEC)

[glhotdogs]

In My Opinion Only it was in May that the company began looking for other means to create income. How it all happened I don't know but they have come up with "agreements in principle" (that's my terminology) with Alvin Snaper a world famous inventor for the rights to a propless wind turbine, and an agreement for a merger with First National Power a wind energy utility co. that will help develope Mr. Snaper's ideas. Below are the two pr's in chronological order. First National then Alvin Snaper.
---------------------------------
Jul. 09, 2003 Print This / Email This     


Capstone International Corporation Announce First National Power Merger/Acquisition Agreement


SARDIS, BC, Jul. 09 /PRNewswire/ -- SARDIS, BC, July 9 /PRNewswire-FirstCall/ -- Capstone International Corporation (OTC/BB: CILC-CITC) ("Capstone") today announced that in furtherance of its business development plan, as first announced in its news release of May 6th, 2003, Capstone has completed the primary due diligence for the Company's first acquisition in the power generation and utilities industry. Capstone has requested its attorneys prepare final documents for the Merger/Acquisition of First National Power Corporation (FPOW), a private company based in Toronto, Canada. The spokesperson for First National Power, stated, "...this is an exciting time for us and we believe the FPOW business model combined with our marketing skills will allow us to acquire and penetrate newly defined regulated and deregulated markets. FPOW is not limited in its international plan and will save the consumer significantly on their home energy bills. At First National Power, the primary focus is the international market for green powered energy conservation and reduced electricity costs. This strategy will relieve the pressure which is currently experienced by utilities in keeping up with electricity supply and demand, and have a major impact on reducing harmful gas emissions, a widespread concern today".
About First National Power Corporation
First National Power Corporation is a developer of renewable energy to meet the growing demand for clean, renewable sources of power. First National's focus is on wind power, the most rapidly growing source of electricity generation in the world. The team of experienced professionals at First National brings together a full range of project development, technical, financial and marketing skills to design, construct and operate wind power facilities. Combining this with First National's aggressive marketing plans and its relationships with private investors will allow the new Company, upon completion of the Merger, to accelerate the design and construction process and reduce the need to acquire data in order to satisfy typical funding or granting protocols. Mr. Frank Cavicchia, spokesperson for First National Power stated, "...First National is poised to become the largest producer of clean electricity, using wind power...that is our goal and we are focused on achieving it. Currently, First National Power is pursuing talks with the objective of developing a production site with upwards of 15 megawatts in Ontario as a test market. Such a site would make First National Power the largest producer of wind power in the province, thus taking First National Power on its way to becoming a leader in wind power generation in North America."
About Capstone International Corp. (OTC/BB: CILC-CITC)
The primary focus of Capstone International Corporation is to increase the share value for its Shareholders. With this goal in mind, the Management of CITC has been pursuing businesses with high growth investment opportunities that will reflect this increase. The acquisition of First National Power is the first step in our focus to become a major player in the utilities market in the United States and Canada, and to join the lucrative and expanding market in wind power generation, which already includes well known and successful companies such as General Electric (GE), which recently bought Enron Wind; British Petroleum (BP), which has changed their name to 'Beyond Petroleum'; and Sunoco, which now has a division for renewable energy called 'SunCor'. Terms of the agreement will be announced upon completion of the Merger/Acquisition. Kevin M. Murphy, Director of Capstone stated, "...the information available on the internet on our new target industry at such sites as http://www.awea.org/pubs/documents/GlobalWEMarketReport2003.pdf will give our shareholders, friends and future investors a fair background as we develop our new Website."
Corporate Contact: Kevin M. Murphy 1-253-549-4336 -weekdays 11:00 AM to 7:00 PM Pacific Standard Time SAFE HARBOUR STATEMENT
"Except for the historical statements contained herein, this news release presents forward-looking statements that involve risks and uncertainties. Although the management and officers of Capstone International Corporation believe that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, they give no assurance that their expectations will be achieved. Certain risks and uncertainties inherent in the company's operations include political, economic, environmental and geological issues, including but not limited to, the continued need for additional capital, the competition within the technology industry, currency fluctuations, and other risks detailed from time to time in the company's periodic reports filed with the Untied States Securities and Exchange Commission."
Capstone International Corporation CONTACT: Kevin M. Murphy, 1-253-549-4336 - weekdays 11:00 AM to 7:00 PM
Pacific Standard Time
-------------------------------------------
Now about Alvin Snaper
-------------------------------------------
Capstone International Corporation Announces Alvin Snaper Joins Capstone International Corporation and Propless Wind Power Technology Acquisition
8/6/2003 1:26:00 PM
SARDIS, BC, Aug 6, 2003 /PRNewswire-FirstCall via COMTEX/ -- Capstone International Corporation (OTC/BB: CILC-CITC) ("Capstone") today announced that in furtherance of its power generation and utilities industry business development plan, Capstone has signed a definitive agreement with Alvin Snaper, one of the World's premier inventors, and a leader in the International market for green energy power conservation and reduced electricity costs. Mr. Snaper will Chair the CITC Advisory Board and lead the Capstones GREEN ENERGY POWER GENERATION program.
About the Technology
Capstone International Corporation (OTC/BB: CILC-CITC) has acquired exclusive Ownership and Patent rights subject to a Royalty Agreement with Mr. Alvin Snaper for the PROPLESS WIND POWER GENERATOR (PWPG), A WIND ENERGY TURBINE that does not utilize a propeller. The technology is based on a scientific principle, not previously utilized in the wind energy area. Kevin M. Murphy, Director of CITC, stated "...this ground-breaking technology will allow Capstone to access multi-billion dollar markets for Hi-rise commercial and residential buildings currently inaccessible to the prop-turbine wind generation units. We will be able to turn apartments buildings, hotels, office towers, or any buildings that meet our criteria, into self-sustaining energy units with the capability to sell the surplus power to the commercial power grids. First National Power is already in discussions with eager domestic owners of these specific types of structures and has international inquiries requesting information about licensing the Capstone PWPG units for use in their countries. The prospects for Capstone and its shareholders through our association with an inventor of the caliber of Mr. Snaper are exceptional. The CITC acquisition of PWPG fits with our previously announced First National Power acquisition and CITC's corporate goal which we have titled GREEN ENERGY POWER GENERATION."
About Alvin Snaper
Prior to joining Capstone, Mr. Alvin Snaper has served as a Senior Consultant to other major corporations and organizations, including IBM, General Foods, NASA, Boeing, Gillette, Singer, U.S. Air Force, Rocketdyne, General Motors, Lockheed Aircraft, Sanyo, Philips, Gulf Western, Union Carbide, etc. He has been awarded more than 600 patents, many for significant industrial products and processes. Some of his inventions and commercial products include the IBM Selectric Type Ball, Tang, the NASA Apollo Photo- Pack, Coating Process for Gillette Razor Blades, and the Electrostatic Painting Process & System for Auto Components Assemblies for General Motors, to name a few. Mr. Alvin Snaper holds the single honor and individual distinction of being recognized three times with 'Best Patent of the Year' award by Design News magazine, and is the author of numerous technical and scientific papers.
Alvin Snaper is or has been a member the following professional societies and organizations: Who's Who of American Inventors 1990-1991; VIP Electronic Improvement Program; American Ordnance Association. He is a former consultant in ultrasonics to the Library of Congress, Armed Forces Communications and Electronics Association, International Scientific Society and The Society of Photographic Instrumental Engineers.
About First National Power Corporation
First National Power Corporation is a developer of renewable energy to meet the growing demand for clean, renewable sources of power. First National's focus is on wind power, the most rapidly growing source of electricity generation in the world. The team of experienced professionals at First National brings together a full range of project development, technical, financial and marketing skills to design, construct and operate wind power facilities. First National is currently pursuing talks for major contracts in Canada and abroad, and is poised to become the largest producer of clean electricity, using wind power.
About Capstone International Corp. (OTC/BB: CILC-CITC)
The acquisition of First National Power will be the first step in our goal to become a major player in the utilities market in the United States and Canada, and to join the lucrative and expanding market in wind power generation. With the addition of Alvin Snaper as Chairperson of Capstone's Technology Advisory Board and the acquisition of the PROPLESS WIND POWER GENERATOR (PWPG), A future WIND ENERGY TURBINE, CITC will be taking another major stride toward accomplishing this goal. Information is available on the internet on the CITC target industry at such sites as http://www.awea.org/pubs/documents/GlobalWEMarketReport2003.pdf and will give our shareholders, friends and future investors a fair background as we develop our new Website. The primary focus of Capstone is to increase the share value for its Shareholders. With this goal in mind, the Management of CITC has been pursuing businesses with high growth investment opportunities that will reflect this increase.
SAFE HARBOUR STATEMENT
"Except for the historical statements contained herein, this news release presents forward-looking statements that involve risks and uncertainties. Although the management and officers of Capstone International Corporation believe that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, they give no assurance that their expectations will be achieved. Certain risks and uncertainties inherent in the company's operations include political, economic, environmental and geological issues, including but not limited to, the continued need for additional capital, the competition within the technology industry, currency fluctuations, and other risks detailed from time to time in the company's periodic reports filed with the Untied States Securities and Exchange Commission."
SOURCE Capstone International Corporation
Copyright (C) 2003 PR Newswire. All rights reserved.
------------------------------------------------------
Regards The Hotdog