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Thermal Energy International Inc V.TMG

Alternate Symbol(s):  TMGEF

Thermal Energy International Inc. is a Canadian clean technology company. The Company provides energy efficiency and emissions reduction solutions to the Fortune 500 and other multinational companies. The Company operates primarily in North America and Europe but also sells its products and services through representative agents throughout the rest of the world. The Company markets, sells, engineers, fabricates, constructs, installs and supports two technology lines, such as heat recovery solutions, including direct contact heat recovery solutions (FLU-ACE), indirect contact heat recovery solutions (HEATSPONGE and SIDEKICK), and condensate return system solutions (GEM steam traps). The Company is also developing several other technology lines, including low temperature biomass drying systems (DRY-REX). The Company has two operational bases, one in Ottawa, Canada covering North America, and the other in Bristol, United Kingdom, covering Europe and the rest of the world.


TSXV:TMG - Post by User

Post by canweson Apr 30, 2010 4:53pm
794 Views
Post# 17050695

A little more news.

A little more news.OTTAWA, Apr 30, 2010 (Canada NewsWire via COMTEX News Network) --

Thermal Energy International Inc, (TSX-V:TMG) (www.thermalenergy.com) (the "Company") announced today that effective as of April 7, 2010 the Company cancelled 993,000 common shares. As disclosed on March 14, 2010, as part of its ongoing review of the Company's affairs the TSX Venture Exchange identified certain deficiencies in the consideration received by the Company for the issuance of certain shares. The 993,000 common shares cancelled on April 7, 2010 were identified by the TSX Venture Exchange as being among such shares and the Company worked with the holders of such shares to arrange for their cancellation. All of the cancelled shares were originally issued in 2008.

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