Wireless Age Communications, Inc. (fka WLSA)

[EDWARD STEVENSON]

...there are going to be some, out of pocket, upfront startup costs running several hundreds of thousands of dollars, that have to be borne by this company if they become the prime contractor. They cannot pass these costs onto the customer, at least, not for quite a while.

Do they have this kind of money available? Or are they going to have to sell some more shares to raise capital?


Months back Simmonds confirmed that the company had raised capital for various start-up costs, including the cash they used to acquire Sunbay Energy Corp (if you can recall the cash portion of the acquisition).

Europlasma's interest in financing the Port Hope, Ontario plasma gasification project is a high ROI.

The Connecticut projects are in the best interests of the The Metropolitan District (MDC) and/or The Connecticut Resources Recovery Authority (CRRA). Without a remedy to the controversial level of ash produced from incineration, the organizations will be put out of business.

Here are some quick facts for you:

*Resource Recovery Facilities (RRFs) are incineration plants producing electricity by burning waste ("waste-to-energy").
*RRFs treat 57% of municipal solid waste (MSW) generated in the state of Connecticut.
*Contracts that supply MSW to Connecticut’s RRF facilities will expire over the next two to fourteen years.
*2,168,850 tons of MSW will need alternative treatment.
*Connecticut is more reliant on waste-to-energy facilities than any other state in the country.

Ref.: http://www.ct.gov/dep/lib/dep/waste_management_and_disposal/solid_waste_management_plan/swmp_final_exec_summary12-06.pdf


They cannot pass these costs onto the customer, at least, not for quite a while.

Their primary consumer is the government of Connecticut, in Connecticut, and the government of Ontario for Port Hope, Ontario. Their revenue will consist of long-term power purchase and feedstock arrangements (already in place with the incinerators in Connecticut). In terms of the Port Hope, Ontario deal, the company is to sign a LOI with the Ontario Power Authority shortly, following recent negotiations. The feedstock arrangement is already secured by a LOI with Turtle Island Recycling.