IHDR, as i find out more of what the company DOES, it's making me more and more curious as to the sudden flurry of volume and price today?
LAS VEGAS, NV--(MARKET WIRE)--Oct 20, 2005 -- Franklin Mining, Inc. (Other OTC:FMNJ.PK - News).
Franklin Mining, Inc enters into an M.O.U. with Internal Hydro International, Inc. (OTC BB:IHDR.OB - News) for the purchase of IHDR's newest 30 KW hydro-generators and the potential to exclusively market and distribute this new electrical generating technology throughout Bolivia.
We hope that this unit will help us address our electricity requirements in Bolivia. Our operations have very limited electricity available to it due to their isolation. As a result of this isolation we currently run on diesel generators. Because of the constant shortage of Diesel this year, our operations have been limited. These new generators run off the water energy from the river and therefore will have no energy expense to run these generators. We are very excited about the possibility of putting these units in. We believe that this will help us increase operational time, cut our energy cost and utilize the diesel for our excavation equipment.
Obtaining the exclusive right to market this program and technology in Bolivia is also very exciting for us. We feel that there would be a great demand and we can market these units under Franklin Oil & Gas for the production of electricity for river-based villages throughout Bolivia. Funding for said projects, generating electricity for rural areas, should be available though World Bank Programs. This will not only provide us with new revenue streams but will also diversify our product portfolio.
AI
