There were several highlights from the meetings in
China. Several international engineering firms met with
Vista and VVIT personnel and expressed interest in a partnership to
build out the necessary plants and infrastructures for VVIT's
Thermal Gasifier technology. In addition, a number of global
financial firms contacted Vista and VVIT to discuss ways in which
their firms could provide project financing for the companies'
upcoming projects. The companies also made significant progress
toward new business as they began discussions with representatives
from some of China's largest population centers and industrial
areas. The Chinese officials requested further talks in the 1st
quarter of 2008 to understand how VVIT's gasification technology can
help China move toward renewable energy
solutions and away from incineration to handle municipal solid
waste. The companies' representatives also met with a US-based
Fortune 500 company interested in investigating the use of VVIT's
gasification technology to help reduce their operating costs.
The meetings held in India were also
fruitful, as Vista and VVIT established some key contacts with
businesses and municipalities in need of both companies'
technologies. The companies met with managers of some of the
country's largest engineering and waste management firms, who
expressed interest in bringing VVIT's technologies to India's
cities. The Thermal Gasifier technology was particularly well
received by a number of government and corporate officials in
attendance, as many of India's major cities struggle with municipal
waste collection and disposal issues, as well as significant
pollution from fossil fuel use. Discussions began regarding a number
of projects for India's major population centers.
This release is meant to give a general overview of the successes
of the trade mission. VVIT will be providing updates with more
specific information in future releases as management continues
toward its goal of 'reducing the carbon footprint, one step at a
time'.
Statements in this press release other than historical facts are
'forward-looking' statements within the meaning of section 27A of
the Securities Act of 1933, section 21E of the Securities Exchange
Act of 1934. Since these statements involve risks and uncertainties
and are subject to change at any time, the Company's actual results
could differ materially from expected results. Future operating
results of the Company are impossible to predict and no
representation, guaranty, or warranty is to be inferred from those
forward-looking statements. Readers are advised to review the
'forward-looking statements' included in our reports which are filed
with the Securities and Exchange Commission.
SOURCE Vista International Technologies, Inc.
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Source: PR Newswire (January 22, 2008 - 3:28 PM EST)
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