American Company Ventures into South America to Solve One Country's Burgeoning Waste Disposal Problem; Bach-Hauser Signs Letter of Intent to Build Waste Processing Plant.NIAGARA FALLS Niagara Falls, waterfall, United States and Canada Niagara Falls, in the Niagara River, W N.Y. and S Ont., Canada; one of the most famous spectacles in North America. The falls are on the international line between the cities of Niagara Falls, N.Y. , N.Y.--(BUSINESS WIRE)--Oct. 5, 1999-- Bach-Hauser Continues Its Rapid Expansion - Signs Letter of Intent to Build Solid Waste Processing Plant in Georgetown, Guyana Georgetown, estimated population 213,705 (2002 Guyana census), is the capital and largest city of Guyana, located in the Demerara-Mahaica region. It is situated on the Atlantic Ocean coast at the mouth of the Demerara River and it was nicknamed 'Garden City of the Caribbean. New York-based Bach-Hauser, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:BHAS BHAS Bloomington Hospital Ambulance Service (Bloomington, Indiana) BHAS Broken Hill Associated Smelters Pty Limited (Australia) BHAS Bahrain Historical and Archaeological Society (Jufair, Bahrain) ) announced today that it has signed a letter of intent to build the first Total Recycling System(R) plant in South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. . It has begun serious talks with the Mayor and City Council of the city of Georgetown, Guyana to build a Total Recycling System(R) plant in the city which will be capable of effectively recycling the vast majority of the approximately 150 tons of solid waste that the city generates every day. "Guyana, like many developing nations, has no real complete program for the collection and disposal or recycling of solid waste," says Peter Preston, Vice President of International Sales. "Georgetown currently uses a single garbage dump for most of the waste generated by its 178,000 inhabitants
The game is based loosely on the concepts from SameGame. and the city's industries. Nobody really knows what is being dumped there, but the city's government knows that without a radically different waste disposal program, preferably one that includes recycling, the health of Georgetown's citizens is at stake. We are working hard to make it possible for the progressive government of Georgetown to implement the Total Recycling System(R)." The letter of intent was signed with the city of Georgetown, Guyana. It allows for the feasibility of having Bach-Hauser design and build a recycling plant that will utilize the Total Recycling System(R) that will reduce the amount of waste going into the city's landfill and unauthorized dumpsites by as much as 80%. The waste processing plant can handle at least the 55,000 tons of municipal solid waste “Municipal waste” redirects here. For other uses, see Municipal waste (disambiguation). Municipal solid waste (MSW) is a waste type that includes predominantly household waste (domestic waste) with sometimes the addition of commercial wastes collected by a that Georgetown is already producing per year. The plant will be based on the proprietary technology of TCR TCR T cell receptor. Environmental Corp. of Ontario, Canada, for which Bach-Hauser owns worldwide rights, excluding Canada. The Cleansing Officer and the City Engineer's Department in Georgetown are extremely concerned about the worsening environmental problems caused by the insufficient collection and disposal of the city's solid waste. Since much of the city's consumer and industrial waste is dumped with very little advanced planning, unsanitary un·san·i·tar·y adj. Not sanitary. conditions have arisen and threaten the health of the population. The city has secured financing for a waste disposal plant and sees the ability of the Total Recycling System(R) to recycle most of the city's waste and sell the recycled materials for a profit as a major benefit. "Georgetown's leaders know that this plant could potentially solve the majority of the city's immense waste disposal problem simply by implementing Total Recycling System(R). Our system will also create new jobs and other regional economic stimulants that will benefit the local economy while improving the environment. This is extremely important in developing nations where every new job that is created is a significant step," explains Preston. Typically, each Bach-Hauser facility can process up to 40,000 tons per year. Because the city of Georgetown generates approximately 150 tons of garbage per day, the plant there will need to expand to handle the larger amount. It will have to be over 35% larger than a typical Bach-Hauser plant, representing a potential profit of $2.5 to $4 million. "This is another important breakthrough for Bach-Hauser. Selling turnkey operations or securitizing environmental processing plants in South America represents another major source of potential profits for Bach-Hauser. Just like the estimated need for at least 5,000 plants in China, South and Central America could benefit from thousands of our plants. Our system received the Solid Waste Association of North America's award for the highest waste diversion rate in the industry and that should help to continue to secure our position as the world's number one choice for turnkey total waste disposal and recycling plants," believes Preston. There is a growing need for environmentally responsible solutions to waste disposal. In the U.S., government mandates to handle waste in a more responsible and efficient manner have created a $70 billion North America environmental industry. Waste Management Inc. (NYSE NYSE See: New York Stock Exchange :WMI (Windows Management Instrumentation) A programming interface (API) in Windows that allows system and network devices to be configured and managed. WMI is based on WBEM, which stores all definitions in a CIM database. ) alone has over a $13 billion market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. . Internationally, the market potential is probably even greater. Other major players in the waste management services industry include Allied Waste Industries (NYSE:AW), Republic Services (NYSE:RSG RSG Revenue Support Grant (UK) RSG Recovery Storage Group (Microsoft Exchange) RSG Ready, Set, Go! RSG Regional Support Group RSG Research Study Group (NATO) ), Safety-Kleen Corp. (NYSE:SK) and Tetra Tech (Nasdaq:WATR WATR Western Aeronautical Test Range WATR Waterville Railroad WATR Western Australian Water Research ). The statements made by Bach-Hauser Inc. (Bach-Hauser) may be forward-looking in nature. Actual results may differ materially from those projected in forward-looking statements. Bach-Hauser believes that its primary risk factors include, but are not limited to: the need for substantial financial requirements; the need to develop effective internal processes and systems; changes in the overall economy; changes in technology; the number and size of competitors in its markets; continued and future strategic alliances; changes in the law and regulatory policy; and the mix of product and services offered in Bach-Hauser's target markets. Merger Communications (Merger) is a media relations firm employed by Bach-Hauser. The statements and opinions presented here represent the views of Bach-Hauser, not Merger, as the release is based on information provided by Bach-Hauser. Merger's compensation for its media relations services, including preparation of press releases, consists of a monthly retainer and stock. Merger and its employees may have a long position in the securities of the companies in which it distributes information to the media, and Merger may be buying or selling securities in the course of its regular business. |
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