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K-FUEL SIGNS AGREEMENT WITH FIRST DOMINION HOLDINGS

 NEW YORK, March 25 /PRNewswire/ -- K-Fuel, Inc. (OTC: KFUL) announced today that it has signed a $5.5 million agreement with First Dominion Holdings, Inc. (FDH) for the research, development and licensing of K-Fuel's process for biomass feedstocks.
 FDH, which specializes in the development of environmental technologies, has been involved in various recycling processes and products using biomass and municipal solid waste.
 The patented K-Fuel process as applied to biomass uses a combination of steam and pressure to increase the biomass's energy content to over 13,000 Btu/lb. The finished product is extremely low in sulfur and other pollutants. The financial advantages of using biomass as a feedstock to produce a premium, high-Btu, very low sulfur and low-ash K-Fuel product are:
 (1) Biomass is exempt from the proposed energy tax;
 (2) K-Fuel qualifies for Section 29 tax credits;
 (3) a $0.015/KW credit applicable to electricity produced from biomass; and
 (4) proposed legislation which contains potential investment tax credits.
 K-Fuel, Inc.'s management emphasizes the on-going nature of its interest and activities in the application of the K-Fuel process involving coal and lignite with Heartland Fuels Corporation -- an affiliate of WPL Holdings, Inc., for coal in North America and two Czech Republic projects with Waste Management International and Science Applications International Corporation which are the primary focus of K-Fuel, Inc.'s business activities.
 Expansion of the company's business into the biomass area is accelerated by the current administration's emphasis on renewable energies for the '90s, and is seen as an additional source of future revenue from licensing fees and royalties.
 -0- 3/25/93
 /CONTACT: Theodore Venners, president and CEO of K-Fuel, 303-293-2992; or Leo Murray of PR Associates, 212-247-8760, for K-Fuel/
 (KFUL)


CO: K-Fuel, Inc.; First Dominion Holdings, Inc. ST: Colorado IN: SU:

WB-TM -- NYTH001 -- 9358 03/25/93 07:30 EST
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Publication:PR Newswire
Date:Mar 25, 1993
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