Delta Mutual Signs Agreement with Indonesian Government Technology Authority.Business Editors SELLERSVILLE, Pa.--(BUSINESS WIRE)--April 19, 2004 Delta-Envirotech, Inc., a joint venture subsidiary of Delta Mutual, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DLTM DLTM Digital Line Termination Module DLTM Dubai Local Transverse Mercator (mapping coordinate protection system) DLTM Distributed Link Tracking Manager ), Crescent Aeronautical aer·o·nau·tic also aer·o·nau·ti·cal adj. Of or relating to aeronautics. aer  o·nau Technologies (a private Indonesian technology company), and the Indonesian government's Research Center for Metallurgy-Indonesian Institute of Sciences (LIPI LIPI Lembaga Ilmu Pengetahuan Indonesia (Indonesian Institute of Sciences) ) have signed a joint cooperation agreement. The agreement (an Official Memorandum of Understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. ) outlines a joint effort aimed at waste processing and energy recovery in Indonesia, beginning in the East Kalimantan East Kalimantan (Indonesian: Kalimantan Timur abbrv. Kaltim) is Indonesian province on the east of Borneo island. The resource-rich province has two major cities, Samarinda (the capital and a center for timber product) and Balikpapan (a petroleum center with oil Province. Specific activities contemplated by the agreement include identification of the appropriate technologies for treating contaminated contaminated, v 1. made radioactive by the addition of small quantities of radioactive material. 2. made contaminated by adding infective or radiographic materials. 3. an infective surface or object. water and soil; a method for marketing reusable by-products; and establishing the oversight role of the Indonesian government. Delta-Envirotech will be responsible for introducing the appropriate waste processing technologies. Crescent Aeronautical Technologies will be responsible for funding the preparation and execution of the projects and marketing recovered products to regional and global networks. LIPI will be responsible for appointing an organization that will manage the results of this cooperative effort as well as certifying the technologies and services identified for specific projects. Forward Looking Statement This Press Release contains forward-looking statements that involve risks and uncertainties, which may include statements about -- Business Strategy and development plans -- Plans for entering into new business and acquisitions -- Anticipated sources of funds, including the proceeds from future operations -- Plans, objectives, expectations and intentions contained in this Press Release that are not historical facts When used in this Press Release, the word "expects", "intends", "projects", "plans", "believes", "seeks", "estimates" and similar expressions are generally intended to identify forward-looking statements. Because these forward-looking statements involve risks and uncertainties, actual results could differ materially from those discussed in this Press Release. We assume no obligation to update any forward-looking statement. |
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