Aquatic Cellulose Announces Wood Recovery Revenue: Major Forest Companies Purchase Wood Recovered From the Monte Lake Operation.VERNON, BRITISH COLUMBIA--(BUSINESS WIRE)--Nov. 18, 1998--Aquatic Cellulose International Corp. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:AQCI) Wednesday announced that two of the largest lumber companies in Western Canada
Western Canada, commonly referred to as the West , Riverside Forest Products and Georgia Pacific Forest Products have purchased all of the wood recovered from the Monte Lake project. ACL See access control list. 1. ACL - Access Control List. 2. ACL - Association for Computational Linguistics. 3. ACL - A Coroutine Language. A Pascal-based implementation of coroutines. ["Coroutines", C.D. is now shipping wood to the perspective mills and will be receiving payment within 30 days. This is a major milestone accomplishment for ACL as they have officially moved from the testing stage to a revenue generating company. About Aquatic Cellulose International Corp. Aquatic Cellulose International Corp. (ACIC ACIC Arkansas Crime Information Center ACIC Aeronautical Chart and Information Center (military aviation support organization) ACIC Association of California Insurance Companies (Sacramento, CA) ) is a company created with the mandate of acquiring rights to harvest and recover underwater timber. Aquatic Cellulose Ltd. was incorporated in March of 1996. In December of 1997 ACL was officially acquired by Aquatic Cellulose International Corp. with Aquatic Cellulose Ltd. remaining a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. . ACIC is traded on the NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). OTC Bulleting Board. (OTC symbol AQCI). ACIC is a forest based company focusing on what was once considered a lost resource. That resource is submerged timber. ACIC has acquired from Mr. Gary Ackles the exclusive rights to utilize his patented robotic technology for use in the forest industry. This allows ACIC to exploit this massive resource on a global scale and in a commercially viable and safe manner. This submerged timber is still of excellent quality and can be used for plywood, sawn lumber, and a wide variety of wood fiber products. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion