Aquatic Cellulose Receives $75,000 In Purchase Orders From Multinational Forest Products Corporation for Massaranduba.Business Editors VERNON, B.C.--(BUSINESS WIRE)--Nov. 3, 2000 Aquatic Cellulose (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AQCI), a leader in the emerging aquatic timber harvesting industry, today announced it has received $75,000 in purchase orders from a multinational forest products corporation. All orders include a tropical timber species known as Massaranduba, or "Bulletwood." Aquatic reports it has already processed the first Massaranduba order and anticipates order transfer to Port of Belem beginning next week. "I am pleased by today's news, as it is further evidence of our successful market transition," 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, "In the U.S., we are continuing to see strength in acceptance of our fine quality ecological hardwoods from large buyers. In response to their demand, we have focused our Brazilian production to further develop our inventories of Jatoba, Ipe, Massaranduba, and other popular tropical species in the U.S." Aquatic says it has identified a total of 35 different species of hardwoods and softwoods within its Tucurui Lake operation. Frank Van Vranken, AQCI's Head of International Operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. , noted, "Many of our hardwoods, such as Massaranduba, have well established markets in the U.S. At present, we are primarily targeting hardwood flooring and decking markets with our lumber." Mr. Ackles stated, "These two lucrative markets, having responded enthusiastically to both our high quality and to the intrinsic marketing advantages offered through distribution of our ecological alternatives, have provided immediate opportunities to increase our lumber sales and margins in the U.S. We are pleased." Massaranduba is reported to be very resistant to moisture absorption and, as a result, it is one of the premier tropical hardwoods used in manufacturing decking. Mr. Van Vranken stated, "All orders announced today will be smoothly planed for decking at a facility in Belem prior to transfer." While Aquatic has targeted decking as a primary market, the company reports commercial applications of Massaranduba are extensive. Mr. Van Vranken noted, "Massaranduba has been used in manufacturing such items as cabinets, exterior trim and siding, fine furniture, billiard bil·liard adj. Of, relating to, or used in billiards. n. See carom. Adj. 1. billiard - of or relating to billiards; "a billiard ball"; "a billiard cue"; "a billiard table" cue butts and musical instruments." Mr. Ackles concluded, "We have plans to penetrate several markets with respect to our Massaranduba, as well as to continue developing new and exciting markets for all of our ecological hardwoods not only in the U.S., but globally as well." 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 world-wide. 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 world-wide, 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . 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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