Boreal Water Collection Inc. (fka BRWC)

[DueDillinger]

What is it about Montreal and tire recycling scams?

This is from January of 2004:

BIMS Renewable Energy Inc. Announces a Major Influx of Capital


MONTREAL, Jan. 30 /CNW/ -- BIMS Renewable Energy, Inc.
(BIMS) (OTC Bulletin Board: BIMR) announces a private investment of
10,000,000 $ (can) coming from TGLP Capital Inc. (TGLP) a private investment
fund.
TGLP had previously announced last November that it was interested in
investing a minimum of 10,000,000 $ (can) in BIMS. After achieving the
appropriate due diligence required for the approval of such an investment,
TGLP has officially confirmed a 10,000,000 $ (can) investment in the company
at a minimum value of the BIMS share at 1.00 $ (Us).
TGLP and BIMS have agreed that the investment money will be used for the
acquisition of the Ecolomondo's assets, its cash flow and other financial
needs related to its operations. BIMS had originally entered into its
agreement with TGLP in an effort to aid in funding its potential acquisition
of all the assets of Ecolomondo Inc. Ecolomondo possesses technology that
offers an ecologically sound solution to the problem of discarded used tires
and other carbon based automotive waste ("car fluff") through a recycling
process that generates gas, pure carbon, oil and steel. The oil, in turn, can
be used to produce electricity while the carbon and steel are sold to a ready
market, resulting in a very profitable return on invested capital.
BIMS is a progressive company in the field of "environmentally-friendly"
or "green" energy production, using as primary material, biomass, used tires
and car fluff. BIMS intends to grow its business model by way of acquisitions
of technologies and/or corporations with activities that are compatible and
synergistic to its own or through the formation of strategic alliances and
partnerships.
TGLP Capital, Inc. is a division of Groupe TGLP Inc. TGLP is an
investment fund specializing in financing companies who develop and market
innovative technologies, particularly in energy and the environment. In the
past the fund has invested in companies through equity participation.

This Press Release contains forward-looking statements based on current
expectations. These forward-looking statements entail various risks and
uncertainties that could cause actual results to differ materially from those
reflected in these forward-looking statements.



For further information: Yves C. Renaud, CEO of BIMS Renewable Energy,
Inc., [phone]; or Richard Tremblay, President of TGLP Capital,
[phone]




BIMS RENEWABLE ENERGY INC.