A Message to EarthFirst Shareholders.TAMPA, Fla. -- The following is a message to EarthFirst Shareholders: On December 15, 2006 EarthFirst Technologies, Inc. ("EarthFirst", or "the Company") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :EFTI) announced that it had canceled its planned 60-1 reverse stock split because of progress in the development of its technologies. We chose not to communicate this information prematurely, piecemeal or to allow the rumor mill to overtake corporate communications Corporate communications is the process of facilitating information and knowledge exchanges with internal and key external groups and individuals that have a direct relationship with an enterprise. . Since then, your executive team has made significant progress in proving the technologies in which we have invested so heavily and that we believe will ultimately bring value to our shareholders. Because value realization involves negotiations with recognizable industry leaders it is essential that we not breach the spirit of these negotiations until contracts are concluded. I am going to summarize where we are today. In the coming days, details and contracts will be announced. Scientifically, there is no longer a question about global warnings' impact on our world and our lives. Governments are and will continue to require further reductions in carbon dioxide carbon dioxide, chemical compound, CO2, a colorless, odorless, tasteless gas that is about one and one-half times as dense as air under ordinary conditions of temperature and pressure. and other lethal greenhouse gas greenhouse gas n. Any of the atmospheric gases that contribute to the greenhouse effect. greenhouse gas emissions. The United States Environmental Protection Agency "EPA" redirects here. For other uses see EPA (disambiguation) and Environmental Protection Agency. The Environmental Protection Agency (EPA or sometimes USEPA recently announced rules to reduce toxic emissions of benzene benzene (bĕn`zēn, bĕnzēn`), colorless, flammable, toxic liquid with a pleasant aromatic odor. It boils at 80.1°C; and solidifies at 5.5°C;. Benzene is a hydrocarbon, with formula C6H6. and other pollutants pollutants see environmental pollution. from vehicles by 80%. The United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. government is also establishing a program of carbon credits, monetizing benefits that green companies generate. Replacing petroleum diesel is a number one priority. Mandates to reduce carbon dioxide and other harmful fossil fuel fossil fuel: see energy, sources of; fuel. fossil fuel Any of a class of materials of biologic origin occurring within the Earth's crust that can be used as a source of energy. Fossil fuels include coal, petroleum, and natural gas. emissions are environmental necessities that your Company recognized years ago when it made the decision to invest in and develop our core technologies that include alternative fuels, waste-to-energy, and waste disposal. You will soon hear more about our biodiesel initiative. We have sold more than 1,000,000 gallons of palm oil based biodiesel (trade named "SolarDiesel"). Diesel emissions put billions of tons of carbon dioxide, carcinogenic carcinogenic having a capacity for carcinogenesis. PAH/benzene chain pollutants and other volatile organic compounds volatile organic compound Environment Any toxic cabon-based (organic) substance that easily become vapors or gases–eg, solvents–paint thinners, lacquer thinner, degreasers, dry cleaning fluids (VOC's) into the atmosphere. Diesel particulate filters “DPF” redirects here. For plasma focus device, see dense plasma focus. A diesel particulate filter, sometimes called a DPF, is a device designed to remove diesel particulate matter or soot from the exhaust gas of a diesel engine. required on new diesel vehicles are good, but will barely make a dent in diesel emissions in the next decade. However, just one heavy diesel truck running on a 20% SolarDiesel blend could eliminate approximately 100,000 pounds of carbon dioxide emissions per year. SolarDiesel's customers are not insignificant. Royal Caribbean, after testing our fuel with GE oversight and consent, burned hundreds of thousands of gallons in their cruise ship turbines. Our fuel runs ground vehicles at Cape Canaveral Cape Canaveral (kənăv`ərəl), low, sandy promontory extending E into the Atlantic Ocean from a barrier island, E Fla., separated from Merritt Island by the Banana River, a lagoon; named (1963) Cape Kennedy in memory of President John . Caterpillar has approved it for use at all blend levels in their diesel engines. Global Petroleum has successfully blended it to create a green heating oil for the New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. states. In the end, we could have sold substantially more fuel, but wanted to carefully test our product by long term use and storage, in a wide range of specific applications and with a variety of customers. We have developed palm-based biodiesel because it (without the addition of chemical stabilizers) meets military biodiesel specifications and the stability requirements of the major oil companies. The fastest way to reduce net carbon dioxide emissions is the use of biodiesel, because on a life cycle basis biodiesel has zero carbon dioxide emissions and a substantial positive energy balance. The United States' National Renewable Energy Renewable energy utilizes natural resources such as sunlight, wind, tides and geothermal heat, which are naturally replenished. Renewable energy technologies range from solar power, wind power, and hydroelectricity to biomass and biofuels for transportation. Lab has found that palm-based biodiesel has the highest positive energy balance of all biofuels, generating six times (600%) more energy than it takes to make it, "more than any other known fuel". In comparison, petroleum diesel only generates 20% more energy than it takes to make it. Our message is getting out. Unlike other palm oil based biodiesel vendors, our palm oil feedstock comes only from established sustainable palm plantations. These plantations are on land formerly used for long existing agricultural plantings and not created by the destruction of rain forest. Our palm oil feedstock is produced in full compliance with the Round Table on Sustainable Palm guidelines. As a result, we have potential customers from individual diesel vehicle owners to government agencies wanting to try and use our product. To this end we are currently negotiating to build our own biodiesel production Biodiesel production is the process of synthesizing biodiesel. Biodiesel is a liquid fuel source largely compatible with petroleum based diesel fuel. The most common method for its manufacture is synthesis by reacting a glyceride-containing plant oil with a short chain alcohol such facility that will ultimately have a 45 million gallon per year capacity. I have always had confidence in our solid waste technology. It is my view that burning and burying tires will soon be banned in the United States. Our technology has evolved from a bench top concept, to a pilot and now to a commercial system that will revolutionize tire recycling Tire recycling is the process of recycling vehicles tires (or tyres) that are no longer suitable for use on vehicles due to wear or irreparable damage (such as punctures). forever. In coming weeks you are going to hear how we have perfected the process of commercially distilling a valuable carbon product, gas and oil from tires. You will hear this from outside engineers and new customers who made independent evaluations. You will hear about a new technology team, new patents and our unique capability to produce a commodity grade carbon black substitute. This unique product can replace certain grades of virgin carbon black at a competitive cost and can be easily sold into a billion plus pounds per year market. More exciting is that the process we use to create our carbon black product results in at least a 10 times reduction in carbon dioxide emissions compared to the traditional manufacturing of carbon black from petroleum. We will commence monthly shareholder teleconferences beginning February 27. The first one will address the matters discussed herein. I also want to let each of you know that we do not intend to convert any more insider debt into additional shares as we move forward to commercialize our core technologies. Finally, there have been many inquiries about my health. I am getting better every day and will soon resume my normal schedule. I recently had a small vessel stroke that caused me to curtail certain activities. While the event was described as a minor stroke, my view is that any stroke that I have is a major stroke, while a similar stroke had by another person can be characterized as minor (tongue-in-cheek). John Stanton Chairman About EarthFirst Technologies, Incorporated EarthFirst Technologies, http://www.earthfirsttech.com, is a specialized holding company engaged in researching, developing and commercializing technologies for the production of alternative fuel sources and the destruction and/or remediation of liquid and solid wastes, and in supplying electrical contracting services to commercial and government customers internationally. Through its subsidiary World Environmental Solutions Company (WESCO WESCO West Coast Shoe Company (manufacturer of motorcycle boots) WESCO Westinghouse Electric Supply Company ), EarthFirst markets solid waste remediation plants utilizing a proprietary Catalytic Activated Distillation (CAVD CAVD Congenital Absence of the Vas Deferens ) process, which is a superior technology developed by EarthFirst to recycle rubber tires and other waste by heating the material without burning it. Through its subsidiary Electric Machinery Enterprises, Inc., http://www.e-m-e.com, the Company provides electrical contracting services both as a prime contractor and as a subcontractor, electrical support for industrial and commercial buildings, power generation stations, and water and sewage plants in the US and abroad. Through its subsidiary EarthFirst Americas, Inc., the Company is engaged in the global development, marketing and distribution of biofuels. Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statement of EFTI officials are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. ), ongoing business strategies or prospects, and possible future EFTI actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and EFTI has no specific intention to update these statements. |
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