AQCI Dispatches First Quarter Million Dollar Shipment for U.S. Market.Business Editors TUCURUI, Amazon Region, Brazil--(BUSINESS WIRE)--May 2, 2000 Aquatic Cellulose (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AQCI) announced today the transfer of more than $US 250,000 in lumber to its soon to be disclosed partner for processing for and distribution to the US market. "AQCI is happy to report a smooth transfer of this initial shipment to the US," stated Gary Ackles, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of AQCI. Mr. Ackles further stated: "During a most recent meeting, our partner also requested AQCI to begin processing and curing a sample shipment of additional species for immediate delivery. They are allocating more than 40 trained sales people to market the new species to their existing customer base." In discussing future potential for sale to the US partner, Mr. Ackles responded: "This initial shipment of $US 250,000 is merely the tip of the iceberg tip of the iceberg n. pl. tips of the iceberg A small evident part or aspect of something largely hidden: afraid that these few reported cases of the disease might only be the tip of the iceberg. . Our US partner has informed us they anticipate future order requests to seriously challenge AQCI's current Brazilian production capabilities." A joint conference shall be held by AQCI executives and representatives from its US partner following the expiration of a signed confidentiality agreement. Mr. Ackles concluded: "However, the agreement does allow us to release certain information relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc orders. As a result, AQCI anticipates additional announcements regarding further US sales in the very near future." About the Company Aquatic Cellulose International Corp. (AQCI) is a growth-stage, technology based company retrieving aquatic timber. Gary Ackles, President and CEO of AQCI, has developed and patented a unique robotic harvesting technology and has granted exclusive rights to AQCI for its use in this environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1] industry. This "diverless" harvesting system dramatically increases production capacity sufficient to enable large scale, commercially viable operations. As a result Aquatic Cellulose is positioned at the extreme forefront of an emerging industry worth untold billions in untapped timber reserves. In November of 1999, the company began its first such large scale operation at the Tucurui reservoir in the Amazon region of northern Brazil. Valued at over $US 600,000,000, this multi-phase project is expected to take up to twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights. 2. to complete. From its Brazilian operation, Aquatic Cellulose has introduced a new product line of water cured, tropical hardwoods called 'THE AMAZON LINE'. Carefully selected based upon color, density, grain pattern and exotic appearance, 'THE AMAZON LINE' offers uncompromising beauty and "old growth" quality with environmental peace of mind. 'THE AMAZON LINE' is targeted to high-end consumer related markets, ranging from musical instruments to fine furniture to precious works of art. The company has secured the Internet domain www.amazonline.com and is in the process of building this web site for e-commerce. Counting over 38,000 dams worldwide, not to mention endless lakes, rivers and tributaries, there are unlimited global opportunities for future AQCI operations. To learn more about this fascinating company, please visit our new web site at www.aquaticcellulose.com and join our growing e-mail list. This press release contains statements that constitute forward statements, as defined in 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. Forward looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Factors that may cause or contribute to such differences include, among other things, the Company's dependence on one customer, seasonality of the Company's retrieval business and risk of future losses from operations. Other risks and uncertainties include changes in business conditions and the economy in general, changes in governmental regulations, unforseen litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. and other risk factors identified. The Company undertakes no obligation to update these forward-looking statements for revisions or changes after the date of this press release. The NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). has neither approved nor disapproved of the information contained herein. |
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