Digital Gas, Inc.(fka DIGGQ)

[Buckey]

2005-09-18 18:01 ET - News Release



NEW YORK -- (Business Wire) -- Sept. 18, 2005

Digital Gas, Inc. (OTC Pink Sheets: DIGG) announced
today that it and Nova Stone Exporters, Inc. signed an agreement on
September 16th wherein both parties agree to sell Green Harbour Energy
& Farming. Both companies agree that the common shares of companies in
the aggregate sector are at an all time high and that this is the best
time to act to benefit their respective shareholders. Digital Gas, a
75% owner of Green Harbour, is handling the sale.
¶ Until a sale occurs, Green Harbour will continue to be developed
and the quarries will commence filling purchase orders from Florida
and the Katrina-damaged Gulf coast. The granite quarries in Nova
Scotia contain in excess of 500 million tons of high quality sized and
crushed granite, armor stone and rip-rap, all in current high demand.
To expand its current product line, Green Harbour is in final
negotiations with a foreign cement manufacturer to secure a long-term
source of cement. The cement manufacturer is in need of sized and
crushed stone that Green Harbour can provide.
¶ To maximize its present options and accelerate near-term
shareholder value, Green Harbour is currently negotiating with several
investment advisors and banks to be brought public on a senior
exchange and be financed for its dramatic expansion capabilities. To
complement this, it is also negotiating with several international and
domestic aggregate companies interested in securing granite on a
long-term basis for their cement and asphalt operations and for resale
to third parties. The time is right for the above as the current
demand for aggregate is quite strong. However, management is confident
that Green Harbour can position itself to benefit significantly
additionally from the anticipated enormous demand for aggregate to
restore hurricane Katrina-ravaged areas. Based on current market
prices, cost factors and anticipated profit margins, this quarry
business is capable of yielding over two billion (US$2 Billion) in
future net income for Green Harbour. However, to assist local
communities, representatives will offer price protected deals in
exchange for firm long term contracts where possible.
¶ To further maximize shareholder value by year-end 2005, Digital
Gas is negotiating with investment advisors and banks to also sell one
or more of its other subsidiaries for cash and securities in publicly
traded companies. The management of Digital Gas has decided to
distribute 90% of the cash and 100% of the securities it receives in
these transactions as special cash and stock, or bond, dividends.
¶ In another announcement, Digital Gas has been contacted by a Hong
Kong based merchant bank interested in providing sources for
significant investment in both Digital Sofcell and Digital Energy &
Farming Asia. Digital Gas has granted the merchant bank permission to
form on its behalf two Asian domiciled subsidiaries named Digital
Sofcell Asia, Inc. and Digital Energy & Farming Asia, Inc. These newly
formed subsidiaries will directly receive the funds to be raised which
will significantly accelerate fuel cell development by its partners
and the opening of new energy & farming plants throughout Asia. Next
week, Austin Marshall, Director of both companies, will travel to Ho
Chi Minh City regarding the waste-to-energy plant in Vietnam and to
Shanghai to make final arrangements for six waste-to-energy plants in
mainland China. Digital Energy & Farming Asia will also use its funds
to finalize arrangements for two waste-to-energy plants on Taiwan.
¶ Other aggregate suppliers are experiencing and anticipate further
increased business, net income surges and/or record common share
prices, including: Vulcan Materials Company (NYSE: VMC); Martin
Marietta Materials, Inc. (NYSE: MLM); Rinker Materials Corporation
(NYSE: RIN); 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), Hanson Building Materials North America, Inc.; Oldcastle, Inc.;
and Rogers Group, Inc. as well as other junior companies.
¶ 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.