AQCI Mobilizes Survey Team To Evaluate Multi-Billion Dollar Amazon River Project.Business Editors VERNON, British Columbia--(BUSINESS WIRE)--May 12, 2000 AquaCellIntCo(OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :AQCI) AQCI is preparing a specialized team of survey technicians to explore the depths of five major tributaries located throughout the Amazon region of Brazil. 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 stated, "This extensive evaluation is being conducted prior to us establishing permanent operations in order to verify what many believe to be the single largest aquatic timber reserve in existence." Mr. Ackles further stated, "The potential of the Amazon river Amazon River Portuguese Rio Amazonas River, northern South America. It is the largest river in the world in volume and area of drainage basin; only the Nile River of eastern and northeastern Africa exceeds it in length. project goes well beyond our original estimates." On May 24th, AQCI will dispatch an advance team to Brazil to set up operations and provide logistical support for the evaluation team, scheduled to depart from California and British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography on June 1st. Mr. Ackles stated, "The evaluation team will be performing a variety of sophisticated underwater tests, including side scan sonar, drop camera evaluation and physical ground truthing. In addition, they will be utilizing state of the art, digital global positioning systems Global Positioning System: see navigation satellite. Global Positioning System (GPS) Precise satellite-based navigation and location system originally developed for U.S. military use. to map out each tributary. This will enable us to more accurately assess the true scope and value of this mega billion dollar project." Mr. Ackles concluded, "Once we commence operation in the Amazon river, we will immediately catapult to an elite status of multi-national companies in terms of timber reserves. Coupled with our announcement yesterday regarding our multi-million dollar funding for global expansion, AQCI is well positioned to become a major force in the global timber industry." About the Company Aquatic Cellulose International Corp. (AQCI) is a growth stage, technology based company retrieving aquatic timber. Gary Ackles, President and C.E.O. of AQCI, has 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. AQCI's "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 large scale operation at the Tucurui reservoir in the Amazon region of northern Brazil. Valued over $US 600,000,000, this multi-phase project is scheduled for completion by 2020. 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 name An organization's unique name on the Internet. The chosen name combined with a top level domain (TLD), such as .com or .org, also called a "domain extension," makes up the Internet domain name. For example, computerlanguage.com is the domain name for the publisher of this Encyclopedia. www.amazonline.com and is constructing 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 expanding AQCI operations. To learn more about this fascinating company, please visit our company 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. 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, unforeseen 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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