Digital Gas, Inc.(fka DIGGQ)

[Buckey]

2005-10-27 12:41 ET - News Release



NEW YORK -- (Business Wire) -- Oct. 27, 2005

Please replace the release dated October 26, 2005 with
the following corrected version due to multiple revisions.

¶ The corrected release reads:

¶ EAST ST. LOUIS APPROVES $30 MILLION PLUS IN TIF FINANCING FOR
DIGITAL GAS FARMING CENTER AND WASTE-TO-ENERGY COMPLEX

¶ Digital Gas, Inc. (OTC Pink Sheets:DIGG) announced today that its
subsidiary, Digital Energy & Farming (DEF) has been informed by
Entropic Energy LLC that the $425 million synthetic coal, bio-fuel and
farming waste-to-energy industrial complex has been granted $30 plus
million in tax increment funding (TIF) by East St. Louis, Illinois.
¶ The funding, which is a direct infusion of cash for the project
without equity dilution or assumption of debt and which resolution
constituted official intent under the town's Treasury Regulations,
will enable the waste-to-energy project to proceed toward
commercialization with DEF's farming center the first project to be
launched with a minimum dedicated TIF financing of $7.5 million. As a
result of several late developments, including the notice that TIF
financing was pending, the farming center has received equity and
completion funding offers. The farming center, the high profit part of
the complex, can be commercial fifteen to eighteen months prior to the
bio-fuel and power plants.
¶ Austin Marshall, CEO of Entropic, commented that "these
waste-to-energy and farming centers are the wave of the future for
large cities and other communities hard pressed by rising energy
costs." Mr. Marshall thanked the Mayor's office and the City Council
for approving the TIF financing. Mr. Marshall informed the Mayor's
office that Digital Gas has committed to reinvest 10% of its net
income to further health, education and welfare projects within East
St. Louis.
¶ Digital Gas is operating in a support role to Entropic on this and
other projects. Its energy & farming centers utilize the low cost,
surplus thermal energy to support year-round hydroponics and
aquaculture, to produce cost-competitive, pesticide-free food,
pharmaceuticals and carbon-based industrial materials. This integrated
approach improves the quality of life of host communities by yielding
an abundance of clean energy, water, food and strategic materials,
while generating substantial profits for the company's investors and
strategic partners.
¶ Digital Gas and its subsidiaries can assist inventors and
companies in the energy savings area, that need final stage
assistance, to achieve commercial viability and profitability.
¶ Digital Gas is now positioned to launch the US "Sustainable Energy
Revolution."
¶ Any municipality or corporation that would like to partner on
future projects should contact energy&[e-mail].
Contacts:

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