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Tuesday, 02/03/2004 6:17:24 PM

Tuesday, February 03, 2004 6:17:24 PM

Post# of 7045
AQCI, at .007, a sleeper?...........

Yesterday, On no news, the volume increased by about 800% to 343K
Today, still no news, the PPS increased 75% to .007

The last PR was about six months ago....Is there a merger announcement coming up?

WEDNESDAY, JUNE 25, 2003 12:57 PM

VERNON, BRITISH COLUMBIA, Jun 25, 2003 (CCNMatthews via COMTEX) -- Aquatic Cellulose International Corp. (OTCBB:AQCI - News) announces a signed Memorandum of Understanding with Gary Ackles and Legacy Systems Corporation detailing their intentions to merge Aquatic with Legacy. The public company would thereby acquire the world-wide exploration rights to sell, lease or license Legacy's TIGER-LYNK(TM) robotic equipment series of manipulators and complete manipulator vessel packages, formerly known as the ATH technology.

This merger would be in-line with the renewed corporate direction referred to in previous filings and announcements and is intended to re-focus the company on sales of Legacy's TIGER-LYNK(TM) technology with selective project participation at the companies discretion. Originally the company had license only to use the technology and only in the underwater forest sector. Now, corporate opportunity for growth is greatly expanded in revenue opportunities from all commercial water bourn operations including, oil and gas, marine construction, dredge and mining, harbors and waterways remediation, hydro dam construction and maintenance, major offshore salvage, unexploded bombs and other major military applications and includes the vast opportunity in underwater forests.

Westgarde, CEO of Aquatic Cellulose International Corp., stated, "These rights take advantage of the extensive design, engineering and construction that has now resulted in the complete TIGER-LYNK(TM) robotic equipment series. The keystone of the technology, the underwater robotic manipulator, comes in two sizes and is supported by a surface robotic manipulator system and a unique custom designed vessel. Having exclusive rights to sell, lease and license these systems in whole or as separate systems should provide the company with diverse revenues from multiple sectors."

Westgarde further stated "The memorandum we have signed basically details the "look and feel" of the resulting company, as well as specific agreements pertaining to technology rights, royalties and an optional buy-out clause, whereby the company has the option to purchase the technology outright from Mr. Ackles for a value scaled according to current sales at the time of transaction. In the past, memorandums we have signed have been hampered by the ability and commitment of other parties to fulfill their stated objectives, however in this case, both parties have demonstrated a clear commitment to the future of the corporation".

"The TIGER-LYNK(TM) robots have the potential to become one of the most valuable tools to the industrial marine industry, hence we are working diligently to fulfill the requirements setout in the Memorandum of Understanding to fully merge these companies before the end of the year," stated Westgarde. This press release contains statements that constitute forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that may cause or contribute to such differences include, among other things, the Company's dependence on one customer, seasonality of the Company's retrieval business and risk of future losses from operations. Other risks and uncertainties include changes in business conditions and the economy in general, changes in governmental regulations, unforeseen litigation and other risk factors identified. The Company undertakes no obligation to update these forward-looking statements for revisions or changes after the date of this press release.

Aquatic Cellulose International Corp.
Sheridan Westgarde
(250) 558-5410
(250) 558-5470 (FAX)
Email: aquaticcellulose@shaw.ca





"Aim low Sheriff...They're ride'n snakes"
as usual...JMHO..SMD

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