ITR uses it's in-house and affiliates talent pool to great advantage in developing and executing its biofuels projects. The flagship "Whitesides Biogas Project" is currently underway and proceeding on schedule, with several others in various stages of planning. For a synopsis of the Whitesides Project, Click Biofuels under the Projects link. To view the official Press Release on this project, to ITR to Build and Own Commercial Methane Plan under "Press Releases" on the Home or Investor Relations links.
This same talent pool is also able to perform a variety of technical and engineering "work for others" projects for outside clients to enhance ITRs revenue stream and provide additional capital to help support development of biofuels initiatives. A synopsis of several representative recent projects may be found in the Work for Others section of the Projects link.
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IDAHO FALLS, Idaho, April 21, 2004 (PRIMEZONE) -- Intrepid Technology and Resources, Inc. (ITR), a renewable energy company (OTCBB:IESV), announces that they have purchased the assets and current customer base of WOBF Natural Gas Joint Venture, a privately held distribution and marketing company located in southeastern Idaho.
WOBF is a compressed natural gas (CNG) and cryogenic liquid natural gas (LNG) processor and distributor whose clientele include Federal, commercial and municipal customers. The distribution plant is fully automated and operates on a computerized billing system with no attendant necessary at the locations. The processing plant brings the additional capability of compressing gas into cylinders that can be transported to any location requiring CNG. The purchase brings a sizeable new asset base to ITR and the WOBF operation will be accretive to earnings in 2004. Furthermore this acquisition provides a substantial outlet for ITR's Methane gas production expected to come online by late summer 2004. The acquisition also opens up opportunities to a large commercial base of remote customers who use considerable quantities of transported natural gas including asphalt plants and mining smelters.
The purchase, which is only the first in a series of marketing events, provides ITR with the distribution assets and the refining facilities necessary to further process and market their natural gas production in either LNG or CNG to a wide, and geographically diverse, range of customers. With the rapid rise in the cost of traditionally produced non-renewable energy products ITR sees an abundant and lucrative market for their "Green Energy". The purchase makes ITR a fully vertically integrated producer and distributor of Methane gas and associated value added products. Further details on the total annual revenue and cash flow generated from this purchase will be provided to investors in the coming weeks. Terms were a combination of cash and restricted stock.
About Intrepid Technology: We are a premier technology application innovator of Biogas, bio-diesel and Ethanol products and services designed to assist in worldwide energy independence and reduce pollution (Green Energy). All of these are from renewable agriculture feedstock and industrial and agriculture waste materials.
Additional information can be obtained from, Stephen Ellis (208-529-5337) e-mail, sellis@intrepid21.com
CONTACT: Intrepid Technology and Resources, Inc. Stephen Ellis (208) 529-5337) sellis@intrepid21.com
------------------ Nothing's more fun than a Subs stock run!!!
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clientele Federal, commercial and municipal customers
WOBF is a compressed natural gas (CNG) and cryogenic liquid natural gas (LNG) processor and distributor whose clientele include Federal, commercial and municipal customers. The distribution plant is fully automated and operates on a computerized billing system with no attendant necessary at the locations. The processing plant brings the additional capability of compressing gas into cylinders that can be transported to any location requiring CNG. The purchase brings a sizeable new asset base to ITR and the WOBF operation will be accretive to earnings in 2004. Furthermore this acquisition provides a substantial outlet for ITR's Methane gas production expected to come online by late summer 2004. The acquisition also opens up opportunities to a large commercial base of remote customers who use considerable quantities of transported natural gas including asphalt plants and mining smelters.
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I must admit that IESV is looking a bit stalled out - dropped today on news where I thought it might at least hold at .08 range. A long list of things I don't understand lately: IESV, why CTDH suddenly went in the dumpster, why HOM dropped on good news, why NWD dropped on good news and suddenly surged out of nowhere today, why QBID is above .001, the list goes on and on. Some days I feel like I should just put all my money into MSFT and EBAY and come back in 10 years and see what happened, I must admit. Probably you would do very well, and save a lot of time and aggravation. An odd game, this stock market thing, especially pennies. Is it different than betting on football? I'm not sure. I felt U-Mich's running game was undervalued and Ohio St's D was overvalued going into the game this year, based on close observation all year long. I knew UM would cover. Yet I didn't bet. Yeah I know that was tangential at best and I'm rambling, but - fwiw. At worst maybe I'll have some fun needling osubucksfan30! heh
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"Sellers were aggressive and selling pressure was strong. Be careful, this may indicate panic or capitulation!"
That's AB's characterization of today's trading, after good news before the bell. Go figure. Eh, I'm stubborn - will be holding my shares for quite awhile.
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I posted then saw that the FED suggested a rise in interest rates.That may have scared some to sell to pay loans or cards.I was going to buy something today but decided not to.I am in this one for a while.I like to hold and not panic.I cant lose much more than 3.5 years ago so I will wait this one out.
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It makes no sense folks would sell on this BIG a PR. This is absolutely HUGE news. A major step for IESV. It also makes no sense that investors/speculators aren't all over this Company with the DD it has. ie Profitable and stock structure being the best draw. I've been trying to draw attention to it, but to no avail. Over on that "DB" site where there's a "hit counter", one can see a post on IESV get's maybe 6-7 reads!! What's the deal??? I'm into helping others make a profit in the market, as well as making money myself. I'm not just pumping just for selfish gains. I want everyone to be successful, but getting investors to even look at this company is a major problem. Any ideas or suggestions would be appreciated.
------------------ Nothing's more fun than a Subs stock run!!!
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Reallity check: I'm NOT one for "conspiricy theories", but Boys and Girls, this is "grudge selling" if I've ever seen it. (and I have). Someone out there is selling, no matter the price, trying to put IESV in a hard position. No clue as to who or even why. It makes absolutely NO SENSE to sell on the BIGGEST PR we've seen for months!!! I'm disappointed and totally PISSED_OFF about it, but I'm determined to hold through it. It CAN'T last forever.
YOU do what you feel you have to do, but I'M NOT going to let the bastages' win!!!!
(Please pardon my language)
------------------ Nothing's more fun than a Subs stock run!!!
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Dallas boy this is strictly short term people with a short term horizon selling here imo. After we get rid of them people with a longer time line horizon will be in and help us move it back up. There might a charge involved here in next 10q but that is to be expected to pay for this new co. No problem when you are here next year and look back you will say should have bought more at 6 or 7. GL
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Good day today. Low volume, but mostly buys at .07 ask. Only a couple of sells. "Long" investment is correct, but imo, we should be well above the .07 mark now. at least .12 and high teens is more like it. JMHO.
------------------ Nothing's more fun than a Subs stock run!!!
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Filing Date: 4/26/2004 Form Type: 8-K/A ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS On April 20, 2004, the Company completed an Asset Purchase Agreement to purchase the assets of a natural gas vehicle fueling station and current customer base of a privately held distribution and marketing company, Wright Oil and Broadway Ford a natural gas joint venture, "(WOBF") located in south eastern Idaho.
WOBF is a compressed natural gas ("CNG") and cryogenic liquid natural gas ("LNG") processor and distributor whose clientele include Federal, commercial and municipal customers. The distribution plant is fully automated and operates on a computerized billing system with no attendant necessary at the locations. The processing plant brings the additional capability of compressing gas into cylinders that can be transported to any location requiring CNG. The purchase brings a sizeable new asset base to the Company and the WOBF operation will be accretive to earnings in 2004. Furthermore, this acquisition provides a substantial outlet for the Company's methane gas production expected to come online by late 2004.
The purchase, the first in a series of planned marketing events, provides the Company with distribution assets and the refining facilities necessary to further process and market their natural gas production in either LNG or CNG to a wide, and geographically diverse, range of customers. This purchase makes the Company a fully vertically integrated producer and distributor of methane gas and associated value added products.
The agreement, an arms length transaction, between the Company and WOBF was for the purchase of the natural gas filling station assets and current customer base for $25,000 cash and 500,000 shares of the Company's common stock. The agreement also includes a provision whereby and if WOBF is able to successfully transfer an existing $300,000 U.S. Department of Energy grant from the Idaho Department of Water Resources to the Company for facility upgrades, the Company will pay an additional $25,000 cash to WOBF. On April 20, 2004 the Company's common stock closed at a price of $.079 per share therefore the total value of the purchase if the grant payment is issued to the Company is $89,500. The purpose of the grant is to upgrade this existing facility to be able to store and dispense liquid natural gas as well as compressed gas. It is estimated that the facility upgrades will approximate in cost the full value of the $300,000 grant. Today the facility only dispenses compressed gas.
Intrepid Technology & Resources, Inc., is a premier technology application innovator of Biogas, bio-diesel and Ethanol products and services designed to assist in worldwide energy independence and reduce pollution (Green Energy). All of these are from renewable agriculture feedstock and industrial and agriculture waste materials.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS The required unaudited pro forma financial statements will be prepared by the Company and filed in a Form 8-K/A on or within 60 days from April 26, 2004, the required date for filing the initial report on Form 8-K.
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Got in last night, (Mon.) to see the 8K. This is a GIANT step, and a GOOD deal!!! lololol, Someone on a different board said they wanted IESV to negotiate their next car deal!!! lololololol. We have a winner here, guys/gals. It's just a matter of time:-) imo.
------------------ Nothing's more fun than a Subs stock run!!!
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Each and every step is a calculated event with these guys. IESV is doing it up right. imo. If this seller would run out of shares......well you get my drift. No fluff, PRs, no "letter of intent" worked for months to pump, just a "this is what we've done. It's a done deal". Honest company with a great future. imo. :-)
------------------ Nothing's more fun than a Subs stock run!!!
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not surprising - no real bounce from the news, this thing will still will be at .065 next week. people seem to just not care about this stock, which isn't all bad imho - will look to keep accumulating at .06 and lower while everyone except you, me, and bingo ignore it. market cap of $6.5M, projected '08 revenue of $50M. while it is of course *projected* and no way to know what will happen over the next few years, long-term i like this one. am sure it drives some short-term horizon investors crazy, but i'm a long-term guy so i don't mind waiting a few years.
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Here's what they got from the WOBF deal. Including the grant were about $300,000 in compression and storage equipment, $60,000 in site improvements, $45,000 in dispensing equipment, a cryogenic storage vessel from DOE ( IESV get's to use it but wont own it) worth $200,000. and a $275,000 grant to upgrade all of the equipment. All for $25,000 up front and $25,000 when the grant is transfered.......
LOL somebody said they wished IESV would negotiate their next car deal!!!! Weeeeeeeeeeeeeeeeeeeeeeeeeee. lololololol
------------------ Nothing's more fun than a Subs stock run!!!
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yeah, this one is slowly but steadily dropping, sadly. i'm sure that part of it is that 2008 forecasts made by partial observers aren't given much heed by investors. still, i like this company, and bought some awhile ago at .075. by summer am hoping they make a bounce back up as news is released. in the meantime, once they drop a little more will set out a limit order to load up some more. some long-term stocks for me i don't mind if they drop a bit: was thrilled to get more ALMI at .19 today, never thought I'd get that chance again. This one, I don't mind being patient with. We'll see, but - in a few years, I don't think we'll be struggling to keep above .06 for IESV. if you are looking to turn quick cash though, frankly I have to admit that this looks like it has a little bit more down-leg in it before it starts upticking.
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Point of Contact: Brad Frazee, Phone (208) 529-5337, Email bfrazee@intrepid21.com
Project Description: INTREPID is designing and constructing Idaho's first biogas production facility on a large commercial dairy. The facility will initially produce 10 million ft of methane per year. The methane gas will be sold into the heating fuel market in Southern Idaho.
INTREPID Responsibilities: INTREPID is responsible for design, construction and operation of its biogas facility
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showing some signs of upward pressure lately, though not on convincing volume yet. i presume that, similar to CNR (nee GUSH), the latest upturn is due to the ridiculous rise in gas prices lately. will be interesting to see if it sustains the rise, or dips back down. this one i have mixed feelings on: am holding some so wouldn't mind if it moved up, but also wouldn't mind if it dipped again so that i could buy some more. still really like this one as a long-term hold, though short-term i think will eventually move up late summer as more concrete news comes out about the digesters going online. speaking of CNR, an interesting one lately: was in the middle of crashing due to dilution fears, when suddenly gas/oil runups made people forget about dilution and it quickly bounced back up (or at least that's my guess on it)
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