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First American Scientific Corp (FASC – OTCBB) update from Asia
May 28, 2009 (World Stock Wire) --
Delta, BC - (WORLD STOCK WIRE) - May 28, 2009 -- Mr. C. L. Kantonen, Chairman of First American Scientific Corp (OTCBB: FASC) is pleased to announce that its Asian business has begun to percolate with five KDS sales to announce this quarter.
Firstly, from Japan, our Licensee has paid royalties on two sales of KDS Model S-6 machines now being used to convert animal waste into pathogen free fertilizer.
Next, from Korea, our joint venture partner has now paid royalties on one sale of a KDS Model S-8 which will be used to convert forestry waste into a combustible fuel that will be integrated into a biomass power plant. In addition to the royalties, FASC will receive a percentage of the profits on this sale.
Finally, our joint venture partner in Malaysia has advised that the first of two KDS Model-MF777 machines has now been shipped and a second will be completed and shipped in June 2009. These two machines will be used to convert palm waste, locally known as empty fruit bunch ( EFB ) into a combustible fuel. FASC will receive royalties as well as a percentage of the profits on these two sales.
The patented KDS “Kinetic Disintegration System” creates a clean dry powder from all forms of waste biomass in an efficient, cost effective manner without the use of any supplemental fuel. In addition, the end product is EPA certified pathogen free suitable for use as a Class A fertilizer, or a clean burning fuel which can be used in both domestic or industrial burners. With licensed operations in North America, South America, Asia and Europe, First American Scientific Corp is now ready to revolutionize the alternative green energy business.
Please see our website for further details at www.fasc.net
Certain information and statements included in this release constitute forward-looking statements within the meaning of the Federal Private Securities Litigation Reform Act.
ON BEHALF OF THE BOARD OF DIRECTORS C. Kantonen, Chairman FASC: (NASD Bulletin Board) Web Site: www.fasc.net Call Corporate Communications Toll Free: 1-800-561-8656
Source: World Stock Wire (May 28, 2009 - 8:00 AM EDT)
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First American Scientific Corp (FASC – OTCBB) expands marketing team and relocates to larger offices in Abbotsford
Abbotsford, BC - (WORLD STOCK WIRE) - June 10, 2009 -- Mr. Brian Nichols, president of (OTCBB:FASC) is pleased to announce that Mr. Gary D. Wilson B. Comm. and Mr. Andrew Lee B.Sc. have joined the FASC marketing team at our new office location in Abbotsford.
Mr. Wilson brings a wealth of knowledge and over 30 years experience working in the energy sector. He was formerly Vice President, Customer Service and Distribution at BC Hydro, the second largest electric utility in Canada. Throughout his career Mr. Wilson was known to deliver results and received recognition and numerous commendations, including the Presidents award, for his contributions and achievements working with independent power producers, Native groups and Government.
He is joined by Mr. Andrew Lee, a seasoned professional analyst serving the energy sector, at our new offices on Abbotsford, BC. Their focus will be introducing and marketing our technology to independent power producers, public utilities and government agencies throughout Canada.
According to Brian Nichols, President of FASC “we welcome these two high caliber gentlemen to our team of specialists, and are confident they will add enormous depth to our organization .”
The patented KDS “Kinetic Disintegration System” creates a clean dry powder from waste biomass in an efficient, cost effective manner without the use of supplemental fuel. The clean burning fuel can be used in both domestic and industrial burners to create heat or electrical power known as “green energy”.
With licensed operations in North America, South America, Asia and Europe, this is one more step in our plans to revolutionize the alternative green energy business.
Please see our website for further details at www.fasc.net
Certain information and statements included in this release constitute forward-looking statements within the meaning of the Federal Private Securities Litigation Reform Act.
ON BEHALF OF THE BOARD OF DIRECTORS C. Kantonen, Chairman FASC: (NASD Bulletin Board) Web Site: www.fasc.net Call Corporate Communications Toll Free: 1-800-561-8656
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First American Scientific Corp (FASC – OTCBB) acquires 50 % interest in South Korean joint venture company to further introduce KDS technology to South Korea
Abbotsford, BC - (WORLD STOCK WIRE) - June 16, 2009 -- First American Scientific Corp. (OTCBB: FASC) is pleased to announce it has acquired a 50 % interest in JP FASC Korea Co. and signed a new exclusive license agreement to manufacture and market the KDS technology in South Korea.
Operating under the name “JP FASC Co., Ltd”, we will jointly, in conjunction with our Korean partner, setup a fully operational KDS processing facility in South Korea to showcase our technology. The grant of the new expanded license confirms our confidence in our technology and need for the KDS System in Korea’s energy and waste management sectors. The first KDS sale under the new regime goes to a forestry company, Energia Co. Ltd, who has a recycling contract to clean up the local forest by turning waste biomass into usable energy products.
Our first royalty check arrived this quarter with a share of the profits to follow. Under the agreement, all funding for the Korean operation will be provided by the Korean shareholders.
According to Mr. Nichols, President of FASC “ this solidifies our position in the Korean market, as we gain strength and credibility in a region where the disposal of waste has become an urgent problem as dense populations are crowded into relatively small land mass. The KDS System can solve waste management problems by converting problematic waste materials such as wood waste, biomass, agricultural waste, pulp sludge, and municipal waste into valuable resources; lowering disposal costs and creating green energy.”
First American Scientific Corp. develops, manufactures, licenses, and sells the KDS Micronex system, a patented disintegration system capable of cleaning and reducing many types of waste materials to a fine dry powder suitable for combustion, or to be used as a nutrient- rich, pathogen-free fertilizers.
FASC now has licensees in Malaysia, Japan, Korea, Mexico, Brazil, USA and Canada and marketing representatives in Norway, Poland, Russia and Australia.
For other applications using the KDS Micronex, please refer to our website for further details at www.fasc.net.
Certain information and statements included in this release constitute forward-looking statements within the meaning of the Federal Private Securities Litigation Reform Act.
ON BEHALF OF THE BOARD OF DIRECTORS C. Kantonen, Chairman FASC: (OTC Bulletin Board) Web Site: www.fasc.net CONTACT: 1- 800-561-8656
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First American Scientific Corp (FASC – OTCBB) FASC completes installation at Eco-Organic Ltd. in Riga, Latvia
Abbotsford, BC - (WORLD STOCK WIRE) - June 24, 2009 -- Brian Nichols, President of First American Scientific Corp. (OTCBB:FASC) is pleased to announce that we have successfully completed the set up and trial runs of the KDS Model S-6 installed at the processing facility of Eco Organic Ltd. near Riga, Latvia. The plant is located 30 km east of Rezekne, Latvia.
Our staff engineer recently provided a week of training in Latvia to Eco-Organics staff, including head project engineer and renouned author, Dr. Vladimir Dementjev, in the set up and operation of the KDS equipment. “After configuring the electrical panel, I had the KDS up and running smoothly and was able to process sample raw materials to demonstrate the KDS’ ability to grind and dry their specialty products. At the end of the day, the client’s were very satisfied with the KDS’ performance and capabilities.”
Eco-Organic is a manufacturer of organic soil conditioners and fertilizers made from geological deposits originating from water plants and residues of animal origin in combination with fragments of higher plant tissue, pollen, sand, clay, peat and various trace minerals.
According to Brian Nichols, “our KDS equipment produced a clean dry powder from the moisture laden peat and algae, and will greatly enhance the quality and production of the Latvian operation. This will also help us expand the KDS’ acceptance throughout Eastern Europe and the European Union. This is our second installation in Latvia.”
Please refer to our web site for further details www.fasc.net
Certain information and statements included in this release constitute forward-looking statements within the meaning of the Federal Private Securities Litigation Reform Act.
ON BEHALF OF THE BOARD OF DIRECTORS C. Kantonen, Chairman FASC: (NASD Bulletin Board) Web Site: www.fasc.net Call Corporate Communications Toll Free: 1-800-561-8656
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