Aquatic Cellulose Dispatches $130,000 Shipment for U.S. Distribution.Business Editors VERNON, B.C.--(BUSINESS WIRE)--Oct. 30, 2000 Aquatic Cellulose (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AQCI), a leader in the emerging aquatic timber harvesting industry, today announced it has shipped $130,000 worth of ecological lumber from Brazil to the U.S. for immediate distribution. "On October 22nd, we shipped a total of 6 containers of dimensional rough cut lumber, valued at $130,000, from Port of Belem. They are scheduled to arrive in Oakland, CA by November 22nd," stated Gary Ackles, Aquatic 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. . He added, "We have arranged to meet with several large buyers upon receiving shipment, and we anticipate much, if not all of this inventory being sold by the end of our current quarter." "Species shipped include Brazilian Cherry and Ipe," stated Frank Van Vranken, Head of AQCI's International Operations. Aquatic says while its ecological hardwoods are ideally suited for a wide range of commercial and industrial applications, the company reports strongest demand in the U.S. coming from flooring and decking manufacturers. Mr. Van Vranken stated, "Within these markets, Brazilian Cherry and Ipe are among the most durable and popular tropical species. At the same time we have targeted flooring and decking, we are also developing new markets in the U.S. for our other exotic species, such as Massaranduba, Mahogany and Purpleheart pur·ple·heart n. 1. A tropical tree (Peltogyne paniculata) native to Guiana and Trinidad, having very hard, durable brown wood that turns a purple color on exposure. 2. , to name a few." "As we accelerate our production in Brazil, I anticipate our sales and margins in the U.S. to increase accordingly," stated Mr. Ackles. He concluded, "I expect additional announcements of sales in the very near future." About the Company Aquatic Cellulose International Corp. (AQCI) is a growth stage, technology based company retrieving what was once considered a lost natural resource. That resource is aquatic timber. Gary Ackles, CEO of AQCI, has patented a revolutionary robotic harvesting technology, granting exclusive rights to AQCI for use in the forest industry. With this technology, AQCI is pioneering the worlds first robotic Aquatic Timber Harvester harvester, farm machine that mechanically harvests a crop. Small-grain harvesting has been mechanized to a certain extent since early times. In the modern period the first harvester to gain general acceptance was made by Cyrus McCormick in 1831 (see reaper). (ATH). The ATH performs a series of underwater cutting and retrieving tasks once only performed by teams of divers. By eliminating divers, the ATH dramatically increases both output and efficiency, enabling commercial operations of equal scale to land based logging companies. This technological breakthrough is effectively transforming aquatic timber harvesting into a multibillion dollar global industry. In November, 1999, AQCI began it's first commercial operation at Tucurui Lake in Northern Brazil. Covering over 450,000 acres of inundated in·un·date tr.v. in·un·dat·ed, in·un·dat·ing, in·un·dates 1. To cover with water, especially floodwaters. 2. Amazon rain forest, the estimated time for completion of this multiphase Mul´ti`phase a. 1. (Elec.) Having many phases; Adj. 1. multiphase - of an electrical system that uses or generates two or more alternating voltages of the same frequency but differing in phase angle project is 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. . In addition to this project, AQCI has plans to further expand it's reach into Brazil, as well as to develop other projects worldwide. From its Tucurui Lake harvesting project, AQCI has introduced a unique product line of "water cured" tropical hardwoods called Amazon Line. Uncompromisingly beautiful, durable and above all ecological, Amazon Line is being marketed in the U.S. as a leading environmental timber alternative. AQCI 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 with plans to launch the website for e commerce later this fall. Counting over 40,000 dams worldwide, not to mention endless lakes, rivers and tributaries, there are seemingly unlimited global opportunities for expanding AQCI's operations. To learn more about this fascinating company, please visit AQCI's website: www.AquaticCellulose.com and join the company's 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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