Digital Gas, Inc.(fka DIGGQ)

[Buckey]

2005-10-19 14:11 ET - News Release



NEW YORK -- (Business Wire) -- Oct. 19, 2005

Digital Gas, Inc. (OTC Pink Sheets:DIGG) announced today
that its subsidiary, Digital Energy & Farming (DEF) signed a new
agreement with Entropic Energy LLC that enables it to be the lead in
the $425 million waste-to-energy complex to be located in East St.
Louis, Illinois. The agreement also increases Digital's stake in the
farming center from 50% to 80% and allows Digital to earn up to 30% of
the equity in the other projects in the complex.
¶ According to Mr. Austin Marshall, CEO of Entropic Energy, "the
farming center is the high profit part of the complex and can come on
stream twelve to fifteen months prior to the fuel and power plants.
The facility will produce a wide variety of foods, pharmaceuticals,
strategic substances and ready-to-market products. It is the
centerpiece of the complex." DEF has been advised by Entropic that
anywhere between $20-40 million in TIF funding will be approved for
startup.
¶ The proposed $425 million center is within East St. Louis, a
suburb of St. Louis in need of investment. Mr. Marshall commended the
Mayor's office and the City Council for their support and cooperation.
The proposed development is anticipated to significantly increase the
city's housing stock for low and moderate income families, the city's
assessed valuation and allow the city to dispose of wastewater
treatment plant sludge. Being a "TIF District," East St. Louis
receives all of the taxes on the increased value of developments
within the district. The increased revenues can only be used for
developments within the district.
¶ Entropic's patented technology produces a clean-burning, high
energy fuel derived from the widest variety of processed waste. The
product has the same BTU value as high-grade coal without emitting the
impurities (e.g. sulfur, mercury, etc) associated with coal.
Furthermore, the product is fifty to eighty percent more combustion
efficient than refuse-derived fuel (RDF). This technology is a much
needed alternative and/or supplement to coal-fired power plants and an
immediate solution for solid waste disposal problems plaguing major
urban areas.
¶ Digital Gas has committed to Entropic Energy that it will reinvest
10% of its net income to further health, education and welfare
projects within East St. Louis. Any municipality or corporation that
would like to partner on future projects should contact
energy&[e-mail].
¶ In a related development, DEF has successfully negotiated an
option to purchase a 200 acre property containing a minimum proven 4
million tons of gravel in Ontario, Canada in a high development area
within forty-five miles of Toronto. DEF intends to sell the gravel
over a period of five to ten years and use the proceeds to support a
debt financing for a farming center to be located on the same
property.
Contacts:

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