KleenAir to Joint Venture Chinese Engine Project With Extengine Transport Systems.Business Editors NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Jan. 10, 2000 KleenAir Systems Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:KAIR) Monday announced that KleenAir has signed a Letter of Intent, with Extengine Transport Systems (ETS ETS Educational Testing Service (nonprofit private educational testing and measurement organization) ETS Emergency Telecommunications Service ETS Electronic Trading System ETS Engineering (&) Technical Services ) LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , to provide turnkey exhaust treatment systems meeting Euro 3 standards for a major Chinese engine manufacturer. Testing and development using KleenAir's new NOxMaster(TM) NOx Reduction System and its Catalytic Converters will take place at the company's new facilities in Newport Beach. Extengine has agreed to purchase 10% interest in KleenAir. ETS has licenses and proprietary rights for products designed to improve engine operating efficiency and reduce emissions, with a special interest in the international diesel and US Urban Bus Market. Negotiations are already underway with certain bus and public transportation organizations to set up test programs for NOxMaster(TM) technology. ETS principals include Phillip Roberts, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , and Ron Powers, of Powers Design International, a Newport Beach Automotive Design firm founded 25 years ago. Powers graduated from the Art Center College of Design Art Center built its reputation as a vocational school, essentially, preparing returning GIs for work in the commercial arts fields. It has traditionally maintained a strong "real-world" focus, emphasizing craftsmanship, technique, and professionalism while somewhat de-emphasizing theory. in Pasadena, Calif. with a BS in Transportation Design. He has designed for most of the major U.S., Japanese and Indian automotive companies. His many automotive projects include automobiles, heavy duty trucks, recreational vehicles and motor cycles. Roberts, a graduate of Georgetown University, will have special responsibility for marketing and government liaison as well as matters relating to the Urban Bus, Chinese and Indian projects. He helped launch the ARCO AM/PM AM/PM Amplitude Modulation/Phase Modulation AM/PM Ante Meridian/Post Meridian franchise in San Francisco and in addition to ARCO Petroleum Products Company has consulted with such automotive after-market companies as Battery Equaliser USA and Advanced Propulsion Technologies. Roberts was nominated for the SBA's "Exporter of the Year" award in 1995, primarily for his sale of fuel additives to Japan. The company is in the business of developing NOx reduction systems for the automotive market together with appropriate catalytic converters designed to operate effectively with the company's patented products. 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. Act Disclaimer The statements contained in this release and statements that the company may make orally in connection with this release are not historical fact and are forward-looking statements within the meaning of the private securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Actual results may differ materially from those forward-looking statements, as such statements involve risks and uncertainties that could significantly impact the company's business and the actual outcome and results may differ materially. |
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