Terra Nostra Technology Ltd.: Announcement.Business Editors/Health/Medical Writers NEW YORK--(BUSINESS WIRE)--Feb. 3, 2004 Terra Nostra Technology Ltd. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :TNRL) (Berlin:TNV TNV Telephone Network Voltage TNV Telecommunication Network Voltage ) announced that a portion of the fees paid to its agent for the listing on the Frankfurt Exchange and for News letter intro was used to pay the Oberbayerischer Borsenbrief ("OBB"), an independent financial group based in Munich, Germany, which recently issued a detailed report on the business of Terra Nostra containing a buy recommendation. Terra Nostra recently determined that OBB received cash compensation for the report in the amount of 8150$. Terra Nostra has notified OBB of their obligation to disclose compensation received in connection with its report regarding Terra Nostra. About Terra Nostra: Terra Nostra Technology Ltd. intends to become a leading supplier of viral and fungal bio-insecticides for agricultural, forestry and disease control applications to the North American and global markets. Terra Nostra is currently developing and producing viral and fungal bio-insecticides for these markets. Terra Nostra is also working towards finalizing an agreement with the USDA USDA, n.pr See United States Department of Agriculture. for the development, production and manufacture of a bio-insecticide based on a baculovirus baculovirus group of rod-shaped, double-stranded, DNA viruses which infect and kill a large number of different invertebrate species especially insects, including Lepidoptera, Hymenoptera, Diptera, Neuroplera, Trichoptera, Coleoptera and Homoptera, and also prawns; used as effective against mosquitoes carrying the West Nile Virus West Nile virus, microorganism and the infection resulting from it, which typically produces no symptoms or a flulike condition. The virus is a flavivirus and is related to a number of viruses that cause encephalitis. . Terra Nostra's 2004 development focus includes expenditures of up to $1,800,000 on the development, commercialization and marketing of (1) a viral bio-insecticide applicable to the forestry industry for control of the Gypsy Moth; (2) a fungal bio-insecticide applicable to the agricultural industry for control of the Colorado Potato Beetle Colorado potato beetle: see potato beetle. Colorado potato beetle or potato bug Leaf beetle (Leptinotarsa decemlineata, family Chrysomelidae) native to western North America. ; and, (3) a viral bio-insecticide with disease control applications to address mosquitoes acting as vectors of West Nile Virus. |
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