Teeny Tiny Flip Flops

[Archangel]

(TTRIF)THERMO TECH(TM) Makes Two Major Announcements

PETALING JAYA, MALAYSIA, (OTCBB NEWSWIRE) August 8, 2001. Thermo Tech(TM) Technologies Inc. (TTRIF: .006) announced that it has determined the size and readiness of the Malaysian market is of major importance to the Company and must be its primary focus for some time to come, regarding new business.



Mark III-P Thermo Master(TM) Plant. Upon surveying the physical/mechanical aspects and raw material character of the palm oil based Thermo Master(TM) plant, it has been determined that a number of major design changes are both feasible and practical. The modifications to the design are so significant that, based on engineering estimates a dedicated Thermo Master(TM) Mark III plant can be constructed for approximately US$12,000,000, as opposed to US$20,000,000 required for a standard (mixed food waste) Mark III plant built in North America or Europe, for example.



Because the design changes are so significant and related to the continuous direct supply of fresh waste materials from the palm oil extraction process, the new design has been called the "Thermo Master(TM) Mark III-P" where the "P" refers to palm oil.. The consistency and predictability of the waste streams affords major savings in the receiving, handling and preparation section. As a result of the many cost efficiencies, which can be achieved in the Malaysian situation, engineering estimates for plant construction are no more than 60% of those for a standard 1200 ton per day Mark III plant, or approximately US$12,000,000.



Richmond Bio Conversion. Under the above circumstances, it has been determined that it will be preferable to salvage all available equipment and systems from the Richmond site and ship them to Malaysia, where they can be used to fast track construction of the first plant and take advantage of the much reduced costs of the Malaysian market. At the same time, this decision will be an efficient use of existing resources. To that end, steps have already been taken to dismantle and prepare for shipment, the majority of systems at Richmond. The property on which the plant now sits has been listed for sale.



Mr. Ismail Radi, Chairman, stated today, "The decision to dismantle Richmond Bio rather than rebuild it, is a very positive statement about the opportunity we find in the Malaysian market, rather than a negative one concerning North America. It is just good business to concentrate our efforts in the market where we can bring plants to operation for US$12 million as opposed to US$20 million. In addition, moving the Richmond equipment will make our first plant that much more cost effective."



Thermo Tech(TM) Technologies Inc. is a leader in organic waste recycling. Thermo Tech(TM)'s patented thermophilic process is utilized in compact and environmentally friendly Thermo Master(TM) plants to convert biodegradable food waste into high protein animal feed and wastewater treatment sludges into fertilizer concentrate.



TTRIF as of 11:00 EST, is down slightly (.0005) on volume of 9,290,600 shares.


Arch