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Alias Born 07/09/2003

Re: None

Tuesday, 06/21/2005 4:35:55 PM

Tuesday, June 21, 2005 4:35:55 PM

Post# of 53980


From the 10A


In July 2004, the Company signed an agreement to form a joint venture within two Malaysian companies to construct a fully operational palm waste processing plant to be 100 % financed by the Malayian partners. Upon completion, the joint venture will be granted exclusive license for 21 years, to market the KDS equipment in Malaysia. In addition to earning royalties for all KDS equipment sold in Malaysia, FASC will share equally in the operating profits of the joint venture. A machine was purchased by the joint venture and shipped to Malaysia in August 20.

I may be reading too much into this, but appears that the "Palm Waste Processing Plant" produces about 14 Megawatts of electricity. ... and FASC will share equally in the operating profits of the joint venture.

It looks like they get some electrical income to me, but what do I know?


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