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CANADIAN ENTREPRENEUR STRIKES GOLD AGAIN

 AJAX, Ont., July 21 /PRNewswire/ - Mr. Thomas Fairfull, chairman of Exxadon Technology Corporation (formerly Monte Carlo Gold Mines LTD.) trading symbol EXDN on the Cnaadian Dealer Network in Toronto, announces the successful acquisition of EWMC Environmental Waste Management Corporation for an issue of approximately 8,800,000 common shares. As part of the transaction, Monte Carlo Gold Mines LTD. has consolidated its shares on a 1 for 10 basis and has changed its name to Exxadon Technology Corporation.
 Fairfull, chairman of EWMC and Exxadon, over the past two years has established an international organization, for the manufacturing, marketing and distribution of leading edge technology for the handling and disposition of waste material, including rubber and medical waste.
 A 50,000 square foot corporate headquarters is nearing completion on the outskirts of Toronto. This modern facility will house the company's research and development, administrative offices, sales and marketing divisions, along with a continuous feed tire operating pilot plant.
 The main innovation of the patented proven technology, incorporates the use of microwaves to reduce any long chain hydrocarbon to its original form, with ZERO EMISSIONS, using NO HEAT. This last feature provides finished high quality raw materials that can be reused 100 percent (unlike the pyrolysis method that has restricted quality output due to the intense heat used in the process).
 Example application: Tires, the rubber processor recovers 9 lbs of carbon, 2 lbs of steel and 1 gallon of oil from every tire.
 EWMC and its engineering consultant, CH2M HILL, announced successful results from full testing of the batch tire process several months ago. Once the pilot plant is in operation, CH2M HILL will be responsible for the evaluation of the continuous tire process, its output and the full test results of all other waste materials.
 Fairfull is confident that Exxadon's wholly owned subsidiary, EWMC has discovered one of the only real solutions to the world's growing pollution problems.
 -0- 7/21/93
 /CONTACT: Thomas Fairfull of Exxadon, 416-686-1107, fax 416-428- 8730; North American Information Video/Brochure phone number - 1-800 EXXADON - Thomas Fairfull/
 (EXDN.)


CO: Exxadon Technology Corporation; Monte Carlo Gold Mines Ltd.;
 Environmental Waste Management Corporation ST: Ontario IN: SU: TNM


DH -- NY103 -- 4181 07/21/93 17:29 EDT
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Publication:PR Newswire
Date:Jul 21, 1993
Words:370
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