UTICA, N.Y., May 28, 2003 (PRIMEZONE) -- Life Energy & Technology Holdings, Inc. (OTCBB:LETH) (Deutsche Borse DE:LFT) has placed a man in Accra, Ghana to represent the corporation. Mr. Sean P. Griffin, a member of Life Energy's Advisory Board, has relocated to Africa to represent Life's interest.
Dr. Chris McCormack, President and CEO confirmed, "Life Energy has received several 'Letters of Interest' from Ghana and Nigeria regarding The Biosphere Process(tm) System. In response to Ghana's, and other neighboring countries' enthusiasm, the Company felt impelled to have a representative in the area."
Mr. Griffin is meeting with Government officials in Ghana, as well as business interests such as the timber industry, rubber and sugar plantations and mining corporations. Because of Ghana's intermittent electricity production, several of the larger agricultural companies see a benefit to the Biosphere Process(tm) System. They can use an ecologically safe method to rid themselves of agriculture waste by using it as a feedstock at approximately 5 to 7 tons per hour to generate 5 mega-watts per hour of electricity to run their machinery, share with the surrounding communities and produce potable water and recyclables.
After doing extensive interviews with the public and private sector, Sean reported to Life Energy regarding Ghana's timber industry, "The conservative figure quoted for the total log cultivated in the country is 1 million m(3) off-cuts, barks, slabs and edgings contribute to 55 percent of the total generated residues. This translates to some 550,000 m(3) Solid Weight Equivalent (SWE) of this type of residues being an excellent feedstock for The Biosphere Process(tm). As of now this potential green energy is rarely utilized by the timber industry. Also, sawdust is seldom used in the timber industry because of difficulties with incinerators and pollution. There is industry interest because the Biosphere Process(tm) can cleanly and efficiently use sawdust as a feedstock to generate electricity. Assuming that 50 percent of sawdust waste generated is used for a feedstock, this would translate to 75,000 m(3) SWE of waste (unutilized) sawdust."
Sean Griffin goes on to say, "Tetra Tech will be an important alliance partner in independently monitoring the Biosphere(tm) in Africa since they do have an excellent global reputation as autonomous monitors and advisors for all environmental solutions."
About Tetra Tech EMI (http://www.ttemi.com)
Tetra Tech EMI was established in 1982 and is a leader and one of the largest providers in environmental, civil, chemical, mechanical, structural, electrical, sanitary and management consulting services in the United States and overseas. Tetra Tech has 250 locations in the United States and internationally to service its extensive Federal Government client base, which includes US Dept. of Defense, Energy, Interior, State, and FEMA, GSA, EPA and the US Postal Service. Their commercial clients are industry, oil and gas companies, utilities, telecommunications firms, transportation, manufacturing, chemical, lumber and wood, and mining among others. Tetra Tech EMI offers financial, environmental, management, regulatory, and other technical consulting support to financial institutions, law firms, and professional firms. Tetra Tech EMI has 900 employees, 35 offices in the United States and 3 internationally. Tetra Tech EM Inc. is one of 32 subsidiary companies of Tetra Tech Inc.(http://www.tetratech.com), a publicly traded company on the Nasdaq under the symbol TTEK. Tetra Tech Inc. has over 7,300 employees and reported annual revenues of nearly $1 billion.
About Sean P. Griffin (Sean@le-th.com)
Mr. Griffin was selected to the Board because he is personally committed to biodiversity conservation through a sound practice of environmental sustainability and community participation.
Sean also created a collaboration in Senegal between local NGOs and community members while developing training seminars at a village-base, community level in grassroots environmental development. Much of Mr. Griffin's initial experience came from being a Phyto-remediation Researcher whose responsibility included creation of a methodology for phyto-remediation using several indigenous and exotic tree species for biomass analysis and soil toxin reduction. While doing so he invented an apparatus for testing soil toxin levels through the gas exchange of multiple plant functions.
Mr. Griffin's Address in Ghana is: Federal Express, 1st Floor, Kingsway Building, Accra. Phone - 233-24-524-153
About Life Energy & Technology Holdings Inc. (http://www.le-th.com)
Life Energy is rapidly becoming a leader in the environmental infrastructure, waste deposal and electricity co-generation markets. Life Energy's unique proprietary technology, EcoTechnology(tm), supplies energy through a profitable and environmentally safe process. The Biosphere Process(tm) System, a central part of the EcoTechnology(tm) system, safely and efficiently processes traditional and non-traditional waste materials 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 (MSW), agricultural, effluent, medical, industrial, shale oil, sour natural gas and many other traditional and non-traditional waste materials.
Biosphere Process(tm) System & Biosphere(tm) are copyright trademarks of the Life Energy Partnership 1995 and Company.
EcoTechnology(tm) is a copyright trademark of the Life Energy Partnership 1995 and Company.
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.