Diamond Ridge Advisors, Inc., Acquires 20% Stake in Life Energy & Technology Holdings, Inc. for USD$9,839,871.00.Business Editors UTICA, N.Y.--(BUSINESS WIRE)--Aug. 7, 2003 Life Energy & Technology Holdings, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :LETH LETH Lethbridge (Canada) LETH Lethality )(Deutsche Borse DE:LFT LFT left frontotransverse (position of the fetus). LFT Liver function tests, see there )("Life Energy") announced today it has exchanged an agreement with Diamond Ridge Advisors, Inc., a private North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. Company, for a $9,839,871 equity investment in the Company, and a loan agreement to fund the manufacture of Biosphere biosphere, irregularly shaped envelope of the earth's air, water, and land encompassing the heights and depths at which living things exist. The biosphere is a closed and self-regulating system (see ecology), sustained by grand-scale cycles of energy and of Processing Units in the United Sates. A Schedule 13D Schedule 13D An form that must be filed with the SEC under Rule 13D when a person or group acquiring more than 5% of any class of a company's shares to disclose this information within 10 days of the transaction. (Rule 13d-101) will be submitted to the SEC by Diamond Ridge to record the transaction. William M. Biles, spokesman for Diamond Ridge, said, "We are pleased to begin our association with Life Energy on what we see as potential in the development of the waste-to-energy industry, by successfully utilizing Life Energy technologies. We believe the Biosphere Process(TM)(a) System, provides technology advances in the waste to energy field that will allow for the processing of numerous waste streams in an environmentally sound and economically feasible manner. We are delighted to be a part of this innovative company." About Life Energy & Technology Holdings Inc. (http://www.le-th.com) Life Energy is rapidly becoming a leader in the environmental infrastructure and electricity co-generation markets. Life Energy's unique proprietary technology, EcoTechnology(TM)(b), generates electrical energy through a profitable and environmentally safe process. The Biosphere Process(TM) System, a central part of Life Energy's EcoTechnology(TM), safely and efficiently processes traditional and non-traditional waste materials and/or traditional fuels into electricity and other beneficial by-products. The Biosphere Process(TM) assists in solving the global waste problem by converting into clean, green electricity such waste materials as: Municipal Solid Waste “Municipal waste” redirects here. For other uses, see Municipal waste (disambiguation). Municipal solid waste (MSW) is a waste type that includes predominantly household waste (domestic waste) with sometimes the addition of commercial wastes collected by a (MSW (MicroSoft Word) See Microsoft Word. ), agricultural wastes, forestry wastes, agricultural and industrial effluents, medical wastes, industrial wastes, used tires, sewage sludge, shale oil shale oil Synthetic crude oil that is extracted from oil shale by pyrolysis, or destructive distillation. The oil obtained from oil shale cannot be refined by the methods that have been developed for crude oil, however, because shale oil is low in hydrogen and contains large , sour natural gas and many other traditional and non-traditional waste materials. This release contains statements that constitute 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. within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. (a) Biosphere Process(TM) & Biosphere(TM) are copyright trademarks of the Life Energy Partnership 1995 and the Company. (b) EcoTechnology(TM) is a copyright trademark of the Life Energy Partnership 1995 and the Company. |
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