GIE Environment Technologies Ltd.

High : 1,05$
Low : 0,06$
Current : 0,28$ (july 27th)

SYMBOL : : GIE EXCHANGE : CDNX

ABOUT GIE :

- GIE is a Montreal-based company specializing in the in situ treatment of
petroleum and other organic soil and water contaminants. The technology used,
known as "bioremediation", uses living organisms (such as bacteria and fungi)
to remove pollutants from soil and water with minimal disturbance to these
environments. For in situ decontamination, GIE uses an exclusive process directional drilling to install underground pipelines for "horizontal pipe
dispersion of the bioremediation agents" - the costs of which are significantly
lower than both vertical drilling and "dig and haul" techniques.
The byproducts of biodegradation are carbon dioxide, water and biomass.

GIE's growth vision is based on the following strategy:

- Internal growth: GIE has in place an experienced and motivated marketing team, which is now actively pursuing an aggressive marketing plan, covering Quebec, Canada, US and the Middle East.
- External growth: GIE is now in negotiations to acquire environmental companies with complementary technologies and a solid client base.

GIE's target market:

- Oil companies - Distributors of petroleum products
- Industries with products made from hydrocarbons
- Pulp and Paper
- Manufacturers of industrial products
- Banks and Real Estate groups
- The Agricultural Sector
- Environmental consultants who do not offer remediation services
- Insurance companies
- Governments, Provincial and Federal Cities and Municipalities

NEWS RELEASES :

- On June 7, 2001: GIE Environment Technologies Ltd. announced that it has entered into a Letter of Intent to acquire all of the issued and outstanding shares of Polysof Ltd. ("POLYSOF"), an Israeli-based waste water and surfaces decontamination company. The purchase price will be determined in accordance with a valuation method acceptable to both parties.

About Polysof :
Polysoft has successfully developed a patent-protected polymer-based adsorbent, capable of extracting up to 20 times its weight in petroleum products from surfaces and up to 4 times from wastewater. The product has an extremely quick reaction time enabling it to decrease petroleum contamination of water up to 2-5 ppm in 4 minutes and to swallow petroleum from surfaces in 20 seconds.

- GIE has recently been awarded a contract valued at $1 million, from Hydro-Quebec.

- The Canadian Government has recently recognized GIE's successful research efforts and has awarded them a grant of $300 000 to further their research efforts in the decontamination of heavy hydrocarbon products

CLIENTS :

Calex
City of Anjou
City of Cote St-Luc
City of Denver Colorado
City of Fort Collins Colorado
City of Jonquiere
City of Montreal
City of Outremont
City of St-Laurent
City of St-Louis de France
Ford of Canada
Hydro- Québec
Imperial Oil
Ministry of Transportation, Québec
Mulco
Municipality of Blainville
Municipality of St-Hyacinthe
Murray Hill Busses
National Bank of Canada
Oklahoma DOT
Petro-Canada
Quebecor
Seagram's
Shell
Sico Paints
Toronto Dominion Bank
Trans Continental Group (GTC)
Volvo
... Go to www.gieenviro.com for the complete list

CONTACT :

GIE Environment Technologies Ltd.
60 St.Jacques West
Montreal ,Quebec
H2Y 1L5

Tel : (514) 284-6085
Fax : (514) 284-5229
Email : info@gieenviro.com

Investor Relations :
Alliance Strategique (A.S.P.) Inc.
455 rue Marais
Suite 240
Vanier, Quebec
G1M 3A2

Tel : ( 418 ) 527-3362
Fax : ( 418 ) 527-3870
Email : profile@total.net

SELECTED DATA :

Shares issued and outstanding : 14,500,000
Public float : 2,000,000
Gross Sales : 1,800,000$
EBITDA : 198,000$

LINKS :

Filings : www.sedar.com
Interview with Charles Abikzher (CEO) : www.ceocast.com
Qutoe, chart, etc. : www.globeinvestor.com