Automated Transfer Systems - New Developments With Subsidiary Carbon Resources Limited.DENVER--(BUSINESS WIRE)--July 15, 1998--Automated Transfer Systems Corp. (OTC/BB:ATNY ATNY Apartment Therapy New York ) is pleased to announce the following new developments in the progress of its subsidiary Carbon Resources Limited: Carbon Resources Limited has entered into initial discussions with a California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). group to process their stranded gas reserves A stranded gas reserve is a natural gas field that has been discovered, but remains unusable for either physicial or economic reasons. Gas that is found within oil wells is conventionally regarded as associated gas and has historically been flared. via the Syngen technology. Management of Carbon expects the discussions to ultimately lead to the installation of a 100-200 Bbl/day synfuels plant. The company will update on the progress of negotiations as news becomes available.
CONTACT: Automated Transfer Systems Corporation
The company, 888/378-6633 (Toll Free in North America)
Greeley, Colorado
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