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Tanail

07/10/06 2:38 PM

#5057 RE: markrhead #5056

from june 1 PR

"In the company's efforts to generate revenues and cashflows immediately, an agreement with a local processor is being negotiated to supply up to 3600 metric tons per month of sludge."

b

Walker

07/10/06 4:59 PM

#5058 RE: markrhead #5056

Mark - they have acquired 1 million metric tons of sludge (it is a done deal) to re-process. According to the company this will equate into $125 million in revenue over the next 3-5 years. They are also in negotiations for 1 million more tons.

SPRL will be a major money maker.