Digital Gas, Inc.(fka DIGGQ)

[Buckey]

2004-11-13 22:26 ET - News Release



NEW YORK -- (Business Wire) -- Nov. 13, 2004

Digital Gas, Inc. (OTC Pink Sheets: DIGG) closed its
transaction with Canadian-based Nova Stone Exporters, Inc. to purchase
and develop several large granite quarries in Nova Scotia. The
quarries have in excess of 500 Million tons of high quality granite
that, when processed and loaded for shipment, translates into $5
Billion of market value at present prices. The first shipments of
stone will commence in January, 2005.
¶ Digital Gas has formed a new subsidiary, Green Harbour Energy &
Farming LLC, which will be the owner and operator of the reserves;
and, when developed, a major integrated resource and energy complex in
Nova Scotia with satellite facilities along the eastern seaboard of
the US and the Gulf of Mexico. Digital Gas owns 75% of Green Harbour
and Nova Stone owns 25%.
¶ Green Harbour is in negotiations to be brought public on a senior
exchange and be financed for its dramatic expansion capabilities. It
is also negotiating with several major international and domestic
aggregate companies that are interested in the granite. Based on
current market prices, cost factors and profit margins, the quarry
business alone will generate significant future net income for Green
Harbour in the $2-3 Billion range.
¶ Competitors of the new company will be Vulcan Materials Company
(NYSE: VMC); Martin Marietta Materials, Inc. (NYSE: MLM); Hanson
Building Materials North America, Inc.; Oldcastle, Inc.; Rinker
Materials Corporation; Lafarge North America Inc. (NYSE: LAF); CEMEX,
S.A. de C.V. (NYSE: CX); Florida Rock Industries, Inc. (NYSE: FRK);
MDU Resources Group, Inc. (NYSE: MDU); Aggregate Industries plc
(London: AGG) and Rogers Group, Inc. as well as other companies in
Nova Scotia.
¶ To summarize other Digital Gas news, the company reports that its
CBM gas subsidiary will sign a funding agreement with a leading global
investment banking, securities and investment management firm on or by
November 19th. The investment bank has indicated that after the first
acquisitions are completed, they will finance the acquisition of
several other companies the subsidiary is presently negotiating or
targeting. Also, Digital Gas is in final negotiations with investment
advisors and investment banks to fund its other subsidiaries.
¶ For further information: call Brian Smith [phone] or email
[e-mail].
Contacts:

Digital Gas, Inc.
Brian Smith, 732-927-4073
[e-mail]
Source: Digital Gas, Inc.