NEWS RELEASE - March 25, 2002
News Release First American Scientific Corp ( FASC-OTC, BB) March
25, 2002
FASC announces sale of KDS equipment in Ireland to open
new markets in organics waste processing
Mr. C.L. Kantonen, Chairman of First American Scientific Corp.
("FASC") is pleased to announce an agreement has been
signed with Organic Waste Returns Ltd. ("OWR") of Dublin,
Ireland for the sale and installation of 2 KDS systems for processing
organic food waste.
OWR and FASC have been cooperating since June 2001 in the development
of a combined system for the processing of previously unmanageable
waste products, specifically food related wastes. Through a series
of trials which included product conditioning and KDS equipment
refinements, sufficient throughput volumes were finally achieved
in January 2002, allowing commercially viable quantities of mixed
food related wastes to be processed through the KDS equipment. To
complete their project in Ireland, OWR signed agreements for the
acquisition of two early model 150 hp KDS units. These units will
be upgraded to incorporate current design standards and specifications
and will be installed at OWR's waste management facility in the
Republic of Ireland for the processing of mixed food related wastes.
OWR has engineered a unique process that combines several existing
biological, chemical and mechanical technologies. When installed
in series, these technologies, including FASC's KDS technology,
can efficiently and cost-effectively process mixed organic waste
to produce a stable, nutrient-rich product, which can be used in
other processes, or combined with admixtures to create an organic-based
specialty fertilizer. OWR currently enjoys access to established
markets for organic based products throughout Europe and Australia.
Municipalities and countries around the world now have an effective
alternative to land filling their organic wastes with the introduction
of the OWR process, utilizing the KDS technology, and can effectively
manage their problematic waste streams, while producing value added
organic based end products. As new environmental regulations severely
impact the disposal of organic wastes, FASC and OWR are strategically
positioned to become leaders in waste management systems in the
UK and Europe.
"We are extremely excited about the successful adaptation
and sale of our KDS equipment to OWR and the new market opportunities
this brings to FASC for the future sales in the waste management
industry world-wide", commented Brian Nichols, President and
CEO for First American Scientific Corp.
Certain information and statements included in this release constitute
forward-looking statements within the meaning of Federal Private
Securities Litigation Reform Act of 1995.
ON BEHALF OF THE BOARD OF DIRECTORS C.L. Kantonen , Chairman FASC:
(NASD Bulletin Board - FASC OTC/BB) Web Site: www.fasc.net
Call Corporate Communications Toll Free 1-800-561-8656
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