ALT LNG Provides LNG to Pacific Harbor Line for Locomotives.LNG LNG (liquefied natural gas): see under natural gas. Fuel Proves Economical and Safe DALLAS -- PNG (Portable Network Graphics) A bitmapped graphics file format endorsed by the World Wide Web Consortium. It is expected to eventually replace the GIF format, because there are lingering legal problems with GIFs. Ventures (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : PNGX) announced a contract with Pacific Harbor Line The Pacific Harbor Line (PHL) was formed in 1998 to take over the Harbor Belt Line (HBL). In 1998 the Alameda Corridor was nearing completion, allowing a massive amount of railroad traffic from the largest harbor in the Western hemisphere; the Port of Los Angeles and Port of Long to provide LNG for the Pacific Harbor Line locomotive fleet which serves the nation's leading container port, the Port of Los Angeles The Port of Los Angeles is located on San Pedro Bay in the San Pedro neighborhood of Los Angeles, approximately 20 miles (30 km) south of downtown. Also called Los Angeles Harbor and WORLDPORT LA . ALT LNG provides approximately 800 to 1000 gallons of LNG per delivery to Pacific Harbor on a schedule of every 4-5 days. LNG fuel reduces emissions from the air compared to traditional diesel fueled locomotives. "ALT LNG has been a reliable and competitively priced source for the LNG we need to fuel our locomotives," said Mike Stolzman, vice president Pacific Harbor Line. "The fuel was put through a stringent testing and approval process and it has proven to meet all required fuel and safety standards." "The pilot program with Pacific Harbor Line has been very successful and we plan to provide more demonstrations of the usage and benefits based on what we have done with Pacific Harbor," said Kevin Markey, vice president operations ALT LNG. About PNG PNG Ventures (OTCBB: PNGX) has 100% ownership of ALT LNG and its production facility located in Topock, Arizona. The company produces and markets liquefied natural gas liquefied natural gas: see under natural gas. Liquefied natural gas (LNG) A product of natural gas which consists primarily of methane. Its properties are those of liquid methane, slightly modified by minor constituents. (LNG). The Company is focused on meeting the growing demand for alternative fuels in the domestic market. The company's Web site is www.altlng.com. Forward-Looking Statements Disclosure This press release may contain "forward-looking statements" within the meaning of the federal securities laws. In this context, forward-looking statements may address the Company's expected future business and financial performance, and often contain words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "seeks," "will," and other terms with similar meaning. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can provide no assurances that these assumptions will prove to be correct. In connection with the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the federal securities laws, including 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, important factors that, among others, could cause or result in actual results and experience to differ materially from the Company's anticipated results, projections, or other expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements, risks, and uncertainties, and by reference to the underlying assumptions. |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion