Trooper Technologies Announces the Commencement of the Construction in Zabokliki, Poland; Project Management Contract.VANCOUVER, British Columbia--(BUSINESS WIRE)--May 11, 1999-- Mr. Stan Lis, the President, Chief Executive Officer and a Director of Trooper Technologies Inc. (VSE See DOS/VSE. VSE - Virtual Storage Extended :TPP TPP thiamine pyrophosphate. Thiamine pyrophosphate (TPP) The coenzyme containing thiamine that is essential in converting glucose to energy. Mentioned in: Beriberi TPP 1. total plasma protein. 2. .), reports as follows: COMMENCEMENT OF THE CONSTRUCTION IN ZABOKLIKI POLAND ----------------------------------------------------- The Board of Directors is pleased to announce that in accordance with its recent determination to build a 240 tonne/day rendering plant in Zabokliki (near Siedlce), Poland, using a non- competitive technology manufactured by the Danish company, K.E.A. ANDERSEN Montage A-S A-S Antispoofing A-S Adriamycine-Streptozotocine ("ANDERSEN"), the Company's subsidiary in Poland, International Eco-Waste Systems S.A.("IEWS IEWS Intelligence, Electronic Warfare, and Sensors IEWS Integrated Electronic Warfare System IEWS Integrated Electronic Warfare Suite IEWS Intelligence and Electronic Warfare Surveillance IEWS Intelligence & Electronic Warfare System "), has signed a contract with ATMA ATMA American Textile Machinery Association ATMA Automotive Tyre Manufacturers' Association ATMA American Tibetan Mastiff Association (Palmdale, CA) ATMA Asia Travel Marketing Association IMPEX Sp. z o.o. ("ATMA") for a construction of a gas line connection in Zabokliki. The scope of work covered by this contract with ATMA includes: -- A 1,100m in long natural gas line reconstruction; -- Construction of the 1,000 m3/h pressure reduction and metering station; -- Construction of the data collection and transmission system; -- Installation of the reduced pressure In thermodynamics, the reduced pressure of a fluid is defined as its actual pressure divided by its critical pressure. methane monitoring; -- Construction of the gag pressure regulating stations; and -- Installation of station piping systems. Under the terms of the contract the gas pipeline is estimated to cost PLN PLN In currencies, this is the abbreviation for the Polish Zloty. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 550,000 (CAD 205,000) and is expected to be completed by June 30,1999. PROJECT MANAGEMENT CONTRACT ---------------------------- The Board of IEWS is also negotiating the final terms of a Project Management Contract with KORBUD Przedsiebiorstwo Budowlane ("KORBUD"), a Polish construction company based in Warsaw, Under the proposed terms KORBUD's function will be to prepare the design drawings and obtain permits for the 240 tonne/day rendering plant in Zabokliki, and in particular: -- Building and architectural design This article or section may contain original research or unverified claims. Please help Wikipedia by adding references. See the for details. This article has been tagged since September 2007. of the plant; -- Plant process design; -- Electrical, mechanical and civil design of the plant; -- Environmental protection program; and -- Plant construction permitting based on completed design. The work to be performed by KORBUD is estimated to cost PLN 956,000 (CAD 350,000), and it is expected that the plant design together with the final construction permit will be completed by mid July 1999. The project design work under the proposed agreement with KORBUD is already in progress, i.e. KORBUD is proceeding with the design of the natural gas station. The design work will be conducted in close cooperation with ANDERSEN once the negotiations for the supply of the process technology and equipment are concluded. Bases on a well established relationship with ANDERSEN, the management of IEWS is quite confident that it will reach satisfactory terms of agreement next week and that the final project design work will commence immediately thereafter. Mr. Stan Lis has stated: "We are very pleased to announce the commencement of the construction of the rendering plant in Zabokliki, Poland. This is a true milestone for the Company and its shareholders as we are entering a new phase of development in Trooper. We are very proud of our management in Poland and of the members of our STH STH somatotropic (growth) hormone. team for preparing a sound business plan for the Company. We were able to change our strategy prudently and efficiently, and now, we will implement it in the most timely and cost effective way." ON BEHALF OF THE BOARD OF DIRECTORS OF TROOPER TECHNOLOGIES INC. ---------------------------------------------------------------- (SIGNED) ------------ Stanislaw L. Lis President, 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 a Director Trooper Technologies Inc. Suite 2007-1177 W. Hastings St. Vancouver. B.C. Canada V6E 2K3 Tel: (604) 669-2826 Fax: (604) 669-2836 THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. THE VANCOUVER STOCK EXCHANGE Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). NEITHER APPROVES NOR DISAPPROVES OF THE CONTENTS OF THIS NEWS RELEASE. THIS NEWS RELEASE MAY INCLUDE FORWARD-LOOKING STATEMENTS WITHIN THE MEANING OF SECTION 27A OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND SECTION 21E OF THE UNITED STATES SECURITIES AND EXCHANGE ACT OF 1934, AS AMENDED WITH RESPECT TO ACHIEVING CORPORATE OBJECTIVES, DEVELOPING ADDITIONAL PROJECT INTERESTS, THE COMPANY'S ANALYSIS OF OPPORTUNITIES IN THE ACQUISITION AND DEVELOPMENT OF VARIOUS PROJECT INTERESTS AND CERTAIN OTHER MATTERS. THESE STATEMENTS ARE MADE UNDER THE "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. " PROVISIONS 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 AND INVOLVE RISKS AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE IN THE FORWARD LOOKING STATEMENTS CONTAINED HEREIN. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF THE SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION. |
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