Daleco Resources Announces Sustainable Forest Industries Inc. Timber Sales Contract.Business Editors WAYNE, Pa.--(BUSINESS WIRE)--Feb. 2, 2000 Daleco Resources Corporation (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :DLOV). Dov Amir, Chairman of the Board and Chief Executive Officer, announced today that Daleco Resources Corporation's 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. Sustainable Forest Industries Inc. has received a contract to provide an initial quantity of approximately 250,000 board feet of tropical hardwood railway bridge and switch ties from it operations in Guyana, South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. . The ties will be used in the reconstruction and repair of the historic Panama Canal Panama Canal, waterway across the Isthmus of Panama, connecting the Atlantic (by way of the Caribbean Sea) and Pacific oceans, built by the United States (1904–14) on territory leased from the republic of Panama. Railway, which provides an &uot;overland&uot; link between ports on the Pacific and Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east coasts. John Ryan John Ryan can refer to:
The purchase order for the tropical hardwood ties represents the initial deliveries under the Company's long term HeartDex Engineered Railway Timber Marketing Program. Mr. Ryan added that the tropical hardwood railway ties sold under the Company's HeartDex Engineered Wood Products trade mark exhibited superior performance qualities on standard railway industry tests while offering the added advantage of being wood preservative wood preservative substances used as dressing for lumber to protect it against mold, insects, pests, fire, etc. Animals housed in pens made of wood which has been treated with wood preservatives may be poisoned by these compounds if they chew the wood. treatment (i.e. creosote creosote (krē`əsōt), volatile, heavy, oily liquid obtained by the distillation of coal tar or wood tar. Creosote derived from beechwood tar has been used medicinally as an antiseptic and in the treatment of chronic bronchitis. ) free due to their natural resistance to termite termite or white ant, common name for a soft-bodied social insect of the order Isoptera. Termites are easily distinguished from ants by comparison of the base of the abdomen, which is broadly joined to the thorax in termites; in ants, there is attack and decay. Therefore a railway tie manufactured from HeartDex Tropical Hardwood is both safe for the environment and cost effective for the industry. Historically, the domestic railway industry in the United States has had a fairly consistent demand for quality railway cross, bridge and switch ties. This demand exceeds 12,000,000 ties (+/- 564,000,000 board feet) per year according to The Railway Tie Association. According to Mr. Ryan, this large consistent demand level when coupled with a the tighter availability of quality domestic timber suitable for use by the railroads and the heightened environmental concerns worldwide with the use of creosote treated railway ties creates a significant market opportunity for Sustainable Forest Industries and its HeartDex Engineered Tropical Hardwood Ties. In addition to its railway timber products, Sustainable's HeartDex environmental friendly product line includes tropical hardwoods for residential and commercial construction applications as well as industrial applications in the marine, utility, mining and transportation industries. Daleco Resources Corporation is an international natural resource company with holdings in oil and gas, timber and minerals. 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. for Forward-Looking Statements: Except for historical information contained herein, the statements in this Press Release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in the future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product price volatility, product demand, market competition, risk inherent in the Company's domestic and international operations, imprecision in estimating product reserves and the Company's ability to replace and expand its holdings. |
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