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Can-Am Ethanol Two, Inc. to Design, Build and Operate a Biomass-to-Ethanol Processing Plant in Canada.


LOS ANGELES Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850.  -- MEMS (MicroElectroMechanical Systems) Tiny mechanical devices that are built onto semiconductor chips and are measured in micrometers. In the research labs since the 1980s, MEMS devices began to materialize as commercial products in the mid-1990s.  USA, Inc. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:MEMS) is pleased to announce today that it has formed a second joint venture to engineer, design, procure To cause something to happen; to find and obtain something or someone.

Procure refers to commencing a proceeding; bringing about a result; persuading, inducing, or causing a person to do a particular act; obtaining possession or control over an item; or making a person
, build, own, operate and maintain a synthetic biomass-to-ethanol processing plant in Canada. This joint venture is with Central Pacific Power, Inc. The preliminary budget for this plant is $150,000,000 with a projected production capacity of approximately 160,000 gallons of ethanol per day.

MEMS USA and Central Pacific Power are joint 50/50 owners of Can-Am Ethanol Two, Inc., a Canadian corporation.

Under the terms of the joint venture Central Pacific Power, Inc.'s responsibilities include:

--Business Plan elements for ethanol distribution, sales, use and storage

--Sourcing of biomass raw materials

--Government relations including financial incentives, ethanol and blended product sales contracts Sales Contract

Contract between a seller and buyer for the sale of goods, services, or both.
, regulatory affairs Regulatory Affairs (RA), also called Government Affairs, is a profession within regulated industries, such as pharmaceuticals, medical devices, energy, and banking. Regulatory Affairs professionals usually have responsibility for the following general areas:
 and ethanol import/export

--Biomass-to-ethanol plant site identification and procurement negotiations

--Operation of the second biomass-to-ethanol plant

--Financial negotiations for all of the above.

MEMS USA, Inc.'s responsibilities include:

--Engineering and business assessment of biomass-to-ethanol process technologies

--Selection of the optimal process, equipment and operating procedures for the biomass-to-ethanol plant

--Funding of engineering, design, procurement, construction and commissioning of the biomass-to-ethanol plant

--Plant operations analysis and process/equipment design improvements.

MEMS USA, Inc. is a California-based professional engineering and technical services company. For more information visit the Company's web site at www.memsusa.com.

Safe Harbor Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
 Disclosure

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.
: This press release may contain statements that constitute "forward-looking statements" as defined under U.S. federal securities laws. Generally, the words "believe," "expect," "intend," "estimate," "anticipate," "establish," "project" and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from MEMS's historical experience and our present expectations or projections. These risks include, but are not limited to, changes in economic conditions; changes in the alternative energy sector business environment, including actions of competitors and changes in consumer preferences; our ability to capture market share; fluctuations in the cost and availability of raw materials or necessary services; our ability to avoid production output disruptions; our ability to achieve earnings goals; regulatory and legal changes; 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.
 uncertainties; and other risks discussed in our filings with the SEC, including our Annual Report on Form 10-KSB, Quarterly Reports on Form 10-QSB, and current reports on Form 13D, which filings are available from the SEC. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. We undertake no obligation to publicly update or revise any forward-looking statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jun 13, 2005
Words:448
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