Teeny Tiny Flip Flops

[xxrayeyes]

Thermo Tech(TM) Technologies Inc. - Company appoints new Chief Financial Officer

Listed OTC BB Trading Symbol: TTRIF

MONDAY , JULY 30, 2001 08:58 AM

PETALING JAYA, Malaysia, Jul 30, 2001 (Canada NewsWire via COMTEX) -- THERMO TECH(TM) TECHNOLOGIES INC. (the "Company") is pleased to announce the appointment of Dr. Mohammed A. Alwosabi as Chief Financial Officer. This appointment is effective August 1, 2001, when Dr. Alwosabi will commence his duties from the Company's offices in Malaysia.

Dr. Alwosabi brings an impressive history of experience and education to his role with the Company. He leaves his position of Dean of the College of Business Administration of Ajman University of Science and Technology in Abu Dhabi (United Arab Emirates). In addition to his administrative and instructional duties, he is also Head of the Technosphere Center of Excellence Consultation Group. Dr. Alwosabi received his PhD in Economics from Oklahoma State University (Stillwater, OK) and also holds his MSc. in Statistics from Oregon State University (Corvallis, OR). His first degree is in Economics and Political Science, granted by Sana'a University (Yemen).

Dr. Alwosabi has a broad background extending beyond the academic world. His expertise results in him lecturing in fields such as Managerial Finance, Investments, Money and Banking, and Public Finance. Dr. Alwosabi has applied his knowledge in such roles as the Deputy Director, Guarantees Department, Foreign Affairs Administration, Yemen Bank for Reconstruction and Development (1980-85). From 1996 to 1998 he was the Managing Editor for the Journal of Social Studies, University of Science and Technology. Among his primary interests and fields of expertise Dr. Alwosabi highlights capabilities in Feasibility Studies and Project Evaluation, Cost Benefit Analysis, Environmental Economics and Finance.

Dr. Mohammed A. Alwosabi commented, "After my review of the Corporate Structure, put in place by the New Management Team, that details the future direction of Thermo Tech(TM) which includes the projected revenue stream; I can honestly say that I am truly excited about being a part of the future of the Company. With the future of the Company laid out by New Management accompanied with my background, experience and contacts in the Global Financial Community I feel that I bring a new fresh approach to the Financial Future of Thermo Tech(TM). Further, the ideas that I will implement will be done not only to enhance the future financial condition of the Company but also to bring value to our most important asset, our valued Shareholders. I look forward to working with this talented management team that is committed to the success of this Company's future and I personally look forward to the Challenge ahead."

Mr. Ismail Radi, Chairman, said today, "We are pleased to have a person of the caliber of Mohammed Alwosabi joining us. He represents the next logical addition to the corporate team we are developing. His abilities, skills and contacts will contribute in important ways to the building of our business, here in Malaysia and on a global level. Dr. Alwosabi's years and education in the United States, combined with his experience and contacts in the Middle East make him an ideal person to lead the building of our financial and business structures for both our immediate and long term needs."

Thermo Tech(TM) Technologies Inc. is a leader in organic waste recycling. Thermo Tech(TM)'s patented thermophilic process is utilized in compact and environmentally friendly Thermo Master(TM) plants to convert biodegradable food waste into high protein animal feed and wastewater treatment sludges into fertilizer concentrate.

Certain statements contained herein are "forward looking statements" (as such term is defined in the Private Securities Litigation Reform Act of 1995). These statements are based upon the belief of the Company's management, as well as assumptions made beyond information currently available to the Company's management. Because such "forward looking statements" are subject to risks and uncertainties, actual results may differ materially from those expressed or implied. Such "forward looking statements" include but are not limited to, competitive factors, general economic condition, customer relations, relationships with vendors, government supervision and regulation, product introductions and acceptance, technological changes in industry practices, and other factors discussed in filings made by the Company with the Securities and Exchange Commission.



ON BEHALF OF THE BOARD OF DIRECTORS OF:



THERMO TECH(TM) TECHNOLOGIES INC.



"Ismail Radi"



Per:



Ismail Radi
Chairman


(TM) The terms Thermo Tech(TM) and Thermo Master(TM) are registered trademarks of Thermo Tech(TM) Technologies Inc. The term Thermo Master(TM) is licensed for use by Hamilton Bio Conversion Inc.

%SEDAR: 00003482E

VIEW ADDITIONAL COMPANY-SPECIFIC INFORMATION: http://www.newswire.ca/cgi-bin/inquiry.cgi?OKEY=12623


CONTACT: For further information: Thermo Tech(TM) Technologies Inc. (TTRI.F)
6 03 7956 6000

News release via Canada NewsWire, Vancouver 604-669-7764



Copyright (C) 2001 CNW, All rights reserved