Life Energy & Technology Holdings, Inc. Enters into an Agreement with I.G. Titlin, in Russia's Third Largest City; Biospheres Intended for Russia.Business Editors FALLS CHURCH Falls Church, independent city (1990 pop. 9,578), NE Va., a residential suburb of Washington, D.C.; inc. as a town 1875, as a city 1948. There is diverse light manufacturing, including telecommunications equipment. , Va.--(BUSINESS WIRE)--Feb. 27, 2004 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 ) has signed a Letter of Intent to import the 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 Process(a) System into Russia. A Letter of Intent was signed with I.G. Titlin, who represents NeoVizark, LLP LLP - Lower Layer Protocol , a Russian Corporation, on a venture that would utilize the Biosphere Process units for solid waste recycling and energy production. The Letter also addresses the possibility to create a joint venture (JV) in Russia with Life for shared funding and production of equipment for NeoVizark, LLP. Biosphere units, manufactured in the U.S., will become part and parcel of the process that will be employed at a factory that is being built in Novgorod. Minister G.K. Kuzmina, Ministry of Economy and Entrepreneurship Development of Novgorod has stated in correspondence to the parties, "The government of Nizhniy Novgorod Nizh·niy Nov·go·rod or Nizh·ny Nov·go·rod A city of western Russia on the Volga River west of Kazan. Founded as a frontier post in 1221, it was formerly famous for its trade fairs. Region, taking into consideration the intricate situation with the solid waste and its recycling, is very interested in locating in Nizhniy Novgorod Region several of the facilities of the American company Life Energy." The letter also promises tax incentives to the participants of the investment activities, investment tax credits, minimal leasing fees, guarantees to secure the investments and incentives for leases of government property in Nizhniy Novgorod Region. Nizhniy Novgorod is Russia's third largest city and is a commercial hub of Russia, located at the strategic confluence of the Oka and Volga rivers (http://www.unn.runnet.ru/nn/). About Life Energy & Technology Holdings Inc. Life Energy is rapidly becoming a leader in the environmental infrastructure and electricity co-generation markets. Life Energy's unique proprietary technology, EcoTechnology(TM)(a)(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. Forward-Looking Statement 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. This release contains statements that constitute forward-looking statements 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 & Biosphere are copyright trademarks of the Life Energy Partnership 1995 and the Company. (b) EcoTechnology is a copyright trademark of the Life Energy Partnership 1995 and the Company. |
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