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Dallas Boy
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My "Pick" for 2004 :-)....

News for 'IESV' - (Intrepid Technology Announces Second Digester Facility)


IDAHO FALLS, Idaho, Feb 17, 2004 /PRNewswire-FirstCall via COMTEX/ -- Intrepid
Technology and Resources, Inc. (ITR) a renewable energy company (OTC Bulletin
Board: IESV) announces they have signed a letter of intent to initiate the
design that will lead to the construction of their second Anaerobic digester and
methane production facility. This renewable energy production plant will be
built on a 6000 head dairy near Wendell, Idaho.

It is anticipated that the combination of this and the previously announced
Whitesides Dairy facility will be capable of producing approximately 150 million
cubic feet (150 billion BTUs of energy) per year -- or enough to supply the
average energy needs of 1000 homes.

Besides the considerable economic benefits to be derived from this form of
energy production, anaerobic digestion also produces large environmental
benefits. These include significant reductions in "greenhouse gas" emissions,
odors and the amount of phosphorus currently being released to the soil via land
application of animal wastes. Control of phosphorous release is becoming an
increasingly critical factor in the continued economic health of the dairy and
cattle industries, and the reductions achieved through digestion will have a
very positive impact on ensuring the future success of both.

ITR anticipates that the gas produced from the digestion process, which is
"Green Energy", will be distributed in a number of potential value added forms
ranging from commercial natural gas to liquid natural gas and propane
replacement. Idaho alone uses nearly 18 million gallons of propane annually
providing a potentially substantial and robust local market.

About Intrepid Technology: We are a premier technology applications innovator of
Biogas, bio-diesel and Ethanol products and services designed to assist in
national energy independence and reduced pollution. All of these "Green Energy"
products are from renewable agriculture feedstock and industrial and agriculture
waste materials.

Statements released by Intrepid Technologies and Resources that are not purely
historical are forward looking within the meaning of the "Safe Harbor"
provisions of the Private Securities Litigation Reform Act of 1995, including
statements regarding the company's expectations, hopes, intentions and
strategies for the future. Investors are cautioned that forward-looking
statements involve risk and uncertainties that may affect the company's business
prospects and performance. The company's actual results could differ materially
from those in such forward-looking statements. Risk factors include but are not
limited to general economic, competitive, governmental and technological factors
as discussed in the company's filings with the SEC on Forms 10-K, 10-Q and 8-K.
The company does not undertake any responsibility to update the forward-looking
statements contained in this release.

SOURCE Intrepid Technology and Resources, Inc.

CONTACT: Steve Ellis of Intrepid Technology and Resources, Inc.,

+1-208-529-5337, sellis@intrepid21.com

(IESV)

------------------
Nothing's more fun than a Subs stock run!!!


Posts: 373 | From: North Tx. | Registered: Jan 2004  |  IP: Logged | Report this post to a Moderator
bingo2004
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2/23/04 - Great News -

Intrepid Announces Significant Balance Sheet Improvement
Monday February 23, 2:15 pm ET
http://biz.yahoo.com/pz/040223/53081.html


IDAHO FALLS, Idaho, Feb. 23, 2004 (PRIMEZONE) -- Intrepid Technology and Resources, Inc. (ITR), a renewable energy company (OTC BB:IESV.OB - News), announces that an audited correction of the 25 March 2002 merger has led to an $8 million improvement in the retained earnings on their balance sheet.
ADVERTISEMENT


Based upon a November, 2003 Securities and Exchange Commission inquiry, ITR was informed that the merger that occurred in March 2002 among the former Iron Mask Mining Company (IMKG), Intrepid Engineering Services (IES) and Western Technology & Management was incorrectly treated as a business combination and should have been recorded as a reverse merger/capital transaction with IES, not IMKG, as the accounting acquirer. As a result of correcting this error, the $8 million plus deficit in retained earnings that was originally carried forward on the balance sheet has been reduced to just over $200,000

home page
www.intrepid21.com



Posts: 638 | From: new york | Registered: Jun 2003  |  IP: Logged | Report this post to a Moderator
bingo2004
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IESV has proposals for sale of Garnet Gold Mine

From todays news

ITR continues to review proposals for the sale of their Garnet Gold Mine. Any sale of this property would have a materially positive impact on ITR.


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bingo2004
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IESV holding and waiting on news to
break out

bingo


Posts: 638 | From: new york | Registered: Jun 2003  |  IP: Logged | Report this post to a Moderator
   

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