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Thermal Energy International Inc V.TMG

Alternate Symbol(s):  TMGEF

Industrials
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
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Comment by Youngbloodon Mar 10, 2005 10:11am
120 Views
Post# 8728379

RE: NEWS!!!!

RE: NEWS!!!!It seems that there is questions as to the validity of certain amounts owed to certain creditors. "The Board of Directors has determined that the principal amounts outstanding to the four creditors will be verified, recalculated and repaid (as appropriate) in the form of other financial means that will be determined by the Board of Directors." I suspect that some of these amounts will not be reimbursed. This is great news for shareholders as it cleans up the balance sheet and reduces dilution. Youngblood
Bullboard Posts
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