Thermal Energy International Inc V.TMG

Alternate Symbol(s): TMGEF

Industrials Pollution & Treatment Controls

Thermal Energy International Inc. provides energy efficiency and emissions reduction solutions to the fortune 500 and other multinational companies. It operates primarily in North America and Europe but also sells its products and services through representative agents throughout the rest of the world. It 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 (GEMTM steam traps). It is also developing several other technology lines, including low temperature biomass drying systems (DRY-REX). Its solutions can recover up to 80% of energy lost in typical boiler plant and steam system operations. It has two primary operational bases of operation, one in Ottawa, Canada and the other in Bristol, United Kingdom, covering Europe and the rest of the world.

TSXV:TMG - Post by User

Thermal Energy International Inc

Bullboard Posts

Comment by parisoftroyon Oct 05, 2009 3:12pm

338 Views

Post# 16363624

RE: RE: Gem

Interesting information. That would be nice if we were trading...
Been away for a while. That long halt is troublesome.

Looking at the annual financial statement, I noted, under note 14 that almost $900,000 is due from related parties. (Previous years financials also carry similar amounts.) Is it possible that the TSX Venture noticed these amounts, including advances to 'shareholders' and questioned such actions? Can anyone explain the reason for these amounts and shouldn't these be reimbursed?
P o T

Bullboard Posts

Corus reports Q1 profit drop in the face of falling revenue