American Soil Technologies Announces New Distributorship Agreement.Business Editors SAN DIEGO--(BUSINESS WIRE)--Oct. 31, 2000 Company Taps Into Vast Market Opportunity In Australia And New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. American Soil Technologies, Inc. (ASTI)(OTCBB OTCBB See OTC Bulletin Board (OTCBB). :SOYL) today announced it has awarded a distributorship agreement to Agriblend Australia PTY Pty Austral & S African Proprietary , Ltd. for the territory of Australia and New Zealand. Simultaneously, the Company also announced the cancellation of its distributorship agreement with Cerres in the United Arab Emirates United Arab Emirates, federation of sheikhdoms (2005 est. pop. 2,563,000), c.30,000 sq mi (77,700 sq km), SE Arabia, on the Persian Gulf and the Gulf of Oman. (UAE (Uninterruptible Application Error) The name given to a crash in Windows 3.0. In subsequent versions of Windows, a crash was called a "General Protection Fault," "Application Error" or "Illegal Operation." See crash in Windows and abend. ) due to the difficult working conditions on the smaller ten-acre farms. Australia, on the other hand, represents an enormous market opportunity for ASTI, containing more than 85 million acres of irrigated and dryland farming Dryland farming is an agricultural technique for cultivating land which receives little rainfall. Dryland farming is used in the Great Plains, the Palouse plateau of Eastern Washington regions of North America, the Middle East and in other grain growing regions such as the steppes . In addition, Australia's farming industry closely mirrors farms in the western United States Noun 1. western United States - the region of the United States lying to the west of the Mississippi River West Santa Fe Trail - a trail that extends from Missouri to New Mexico; an important route for settlers moving west in the 19th century . The principals of the new Agriblend Australia are Louis Chirnside, Chairman of the Australian Tomato Industry, and Robert Hosking, President of the Australian Tomato Growers Association. ASTI will send Ron Salestom, General Manager of Agriblend, to Australia in early November to meet with all interested parties, including installers and agricultural organizations. Sean Lee, Executive Vice President Marketing for ASTI's Agriblend Division, commented, "While the UAE was very welcoming to our Company, we wanted to move onto a more promising arena. However, we still hold open the future possibility of returning to the country. The Australian and New Zealand farmers have a reputation for being extremely progressive farmers. We feel more comfortable working in that arena and look forward to our expanding presence in those territories." About American Soil Technologies, Inc. Formed in September 1999, American Soil Technologies has two divisions: Agriblend and Soil Wash Technologies. The Agriblend Division develops, manufactures and markets cutting-edge technology that decreases the need for water in agriculture and other plant growing environments while increasing crop yield and reducing the environmental damage caused by common farming practices. The Company also holds exclusive rights to a soil washing technology that removes hydrocarbon products from contaminated contaminated, v 1. made radioactive by the addition of small quantities of radioactive material. 2. made contaminated by adding infective or radiographic materials. 3. an infective surface or object. soil and recycles the soil for commercial use. The technological link between its two divisions combines the expert knowledge the Company believes will make it a world leader in the science of agronomy agronomy (əgrŏn`əmē), branch of agriculture dealing with various physical and biological factors—including soil management, tillage, crop rotation, breeding, weed control, and climate—related to crop production. . More product information can be found on the corporate Web site, located at www.americansoiltech.com. Statements in this news release that are not descriptions of historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expect," "intends," "believes," "plans," "anticipates" and "likely" also identify forward-looking statements. All forward-looking statements are based on current facts and analyses. Actual results may differ materially from those currently anticipated due to a number of factors including, but not limited to history of operating losses, anticipated future losses, competition, future capital needs, the need for market acceptance, dependence upon third parties, disruption of vital infrastructure and intellectual property rights. All forward-looking statements are made pursuant to the Securities 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. Reform Act of 1995. Additional information on factors that may affect the business and financial results of the Company can be found in filings of the Company with the Securities and Exchange Commission. |
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