Indusmin Energy Signs Sales Agreement With Itera Energy.Business Editors KIEV, Ukraine--(BUSINESS WIRE)--July 20, 2001 Indusmin Energy Corp. (CDNX CDNX See Canadian Venture Exchange (CDNX). :IDM (1) See identity management. (2) (Integrated Device Manufacturer) A company that performs every step of the chip-making process, including design, manufacture, test and packaging. Examples of IDMs are Intel, AMD, Motorola, IBM, TI and Lucent. ) is pleased to announce that they have signed a third Letter of Intent for Gas Sales for its Crimean Gas Fields with the Trading Energy Firm Itera Energy. Itera Energy will buy up to 12,000,000 cubic meters Noun 1. cubic meter - a metric unit of volume or capacity equal to 1000 liters cubic metre, kiloliter, kilolitre metric capacity unit - a capacity unit defined in metric terms a month from Indusmin Energy's Krasnopolianskoye and Karlavskoye Fields with deliveries anticipated to commence within the 4th quarter of 2001. "This represents a significant agreement for Indusmin energy, having a large multinational gas trading group partnering with Indusmin on the sales side. We hope this develops into a long relationship with Itera Energy." VP of Emerging Markets and Director, Carlos Munoz. About Itera Energy Itera Energy, is active in the production and distribution of gas in the Commonwealth of Independent States Commonwealth of Independent States (CIS), community of independent nations established by a treaty signed at Minsk, Belarus, on Dec. 8, 1991, by the heads of state of Russia, Belarus, and Ukraine. Between Dec. 8 and Dec. including Russia, Ukraine, Kazakhstan, Georgia and Estonia. Itera Energy is a member of the Itera Group of Companies (www.iteragroup.com), comprised by over 120 subsidiaries having one business strategy, which is to conduct diversified business and production activity, and operating in various regions of the world. Currently, the staff of Itera Group of Companies exceeds 7000 employees worldwide. The group has joint ventures with gas giants Gazprom and UES UES UNE (University of New England) Economics Society UES Upper East Side (Manhattan, NY) UES Upper Esophageal Sphincter UES Unified Energy Systems of Russia UES Waukesha, Wisconsin of Russia and other local energy firms operating in its areas of interest. In addition to gas trading and distribution, ITERA has interests in chemicals, construction, finance, insurance, securities, and agriculture. About Indusmin Energy Corporation Indusmin Energy is committed to the business philosophy of identifying and acquiring business opportunities in newly emerging markets. Indusmin's global network of personnel provides the company with a unique opportunity to actively pursue transactions worldwide. Indusmin Energy is focused on oil and gas properties with proven reserves and base metal and industrial mineral properties in production or near production within emerging countries. Indusmin Energy has 7,275,002 shares outstanding, with 10,378,852 fully diluted and trades on the Canadian Ventures Exchange Inc. under the symbol IDM. TEL TEL Telephone TEL Telegram TEL Telugu (langauge) TEL Terrorist Exclusion List TEL Technology-Enhanced Learning TEL Transporter-Erector-Launcher TEL Tetra-Ethyl Lead TEL Team Deutsche Telekom : 867/456-2083 David Atkinson For the Canadian academic, see . David Atkinson (born 24 March 1940) was Conservative British Member of Parliament for Bournemouth East from a 1977 by-election until he stepped down at the 2005 general election. , President |
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