Digital Gas, Inc.(fka DIGGQ)

[Buckey]

2006-08-02 12:12 ET - News Release



NEW YORK -- (Business Wire) -- Aug. 2, 2006

Digital Gas, Inc. (OTC Pink Sheets:DIGG) announced that
Benelux Capital has agreed to make formal introductions of Digital
Ultracap Corporation and Digital Sofcell Corporation to certain of its
investment and legal contacts. The process is expected to lead to an
application to list on AIM, the London Stock Exchange's international
market for smaller growing companies. Since its launch in 1995, over
2,400 companies have joined AIM - raising more than GBP 30bn in the
process, both through initial public offerings (IPO's) and further
capital raisings. Each subsidiary will initially seek $50 million in
pre-IPO capital that will be used to commence commercial operations in
2007 with breakthrough products.
¶ Digital Gas anticipates that all major utilities will use Digital
Ultracap's mass storage systems to reduce their current power
generation requirements. Energy experts estimate that power generation
capacity could be reduced as much as twenty percent through the mass
deployment of an efficient energy storage device. Such a device would
also alleviate grid bottleneck problems and provide for better
emergency backup power.
¶ For the residential and commercial market, Digital Ultracap will
introduce new state-of-the-art home air conditioning units in 2007
that will be less expensive than standard air conditioners, produce
zero noise levels inside and outside the home, as well as consume the
absolute lowest possible amounts of electrical power. These systems
will be assembled using environmental friendly and recyclable
materials. They will provide reduced humidity and will cool any given
outside temperature by at least 17 degrees. The units are
maintenance-free and produce zero emissions. The Digital Ultracap
units will even function during a temporary blackout when combined
with the company's breakthrough ultracapacitor technology.
¶ Digital Sofcell will be introducing a wide range of breakthrough
products over the next several years, including a low cost direct
carbon fuel cell system that can burn coal and similar fuels without
the emissions normally associated with a typical coal burning power
plant. These units will be "micro FutureGens" and will have a combined
heat and power efficiency of approximately ninety percent, which is
almost double that of the US Government sponsored FutureGen program.
¶ AIM is renowned worldwide for having a regulatory framework and
approach uniquely suited to smaller companies. International companies
recognize the unparalleled access to the global investment community
and capital-raising possibilities that come from having their
securities quoted and traded in London. Such capital-raising
possibilities and global investor reach is expected to launch Digital
Ultracap and Digital Sofcell on a path to attaining potential multi
hundred million dollar market capitalizations.
¶ "In our view, both Digital Ultracap and Digital Sofcell feature
compelling products and technologies in their respective industries
and we are pleased to assist them attain this potential," said Mark
Watson, Managing Director of Benelux Capital.

¶ About Benelux Capital Energy Group

¶ Benelux Capital's Energy Group is focused on identifying and
introducing equity capital for exceptional management teams in the
energy sector as well as secured financings of private and public
energy companies with emphasis on cash flow and collateral coverage.
¶ Digital Gas and its subsidiaries can benefit from Benelux Capital
Energy Group's expertise and extensive industry network in the
following target sectors: Oil and Gas Exploration and Production;
Midstream (gathering, processing, transmission and storage); Refining;
Power Generation/Distribution and Energy Infrastructure; Oilfield
Services; Pipelines/Storage; Oil and Gas Transportation; Drilling and
Completion; Renewable/Clean Energy and Alternative Power and
International Energy Opportunities in all sub-sectors.
Contacts:

Digital Gas, Inc.
Brian Smith, 732-927-4073
Source: Digital Gas, Inc.