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NEWS RELEASE - December 10, 2002 First American Scientific Corp (FASC-OTC, BB) announces Atlantic Packaging Products Ltd. signs letter of intent to purchase KDS equipment. First American Scientific Corp., and its subsidiary Alternative Green Energy Systems Inc. (AGES), are pleased to announce that AGES has received a letter of intent to purchase "up to 6 production scale KDS machines" from Atlantic Packaging Products Ltd. upon successful completion of a 180 day extended trial to be conducted at Atlantic's Whitby, Ontario paper mill. Atlantic Packaging, one of the largest independent paper recycler / de-inker in North America, produces tissue paper, newsprint, and linerboard. The equipment has been delivered and will be installed immediately. The KDS system will be part of a full run 24 hour a day pulp mill operation and will be improved and adapted to de-water Atlantic's bio-solids/ sludge waste stream. Atlantic's interest lies not only in the KDS system's ability to produce a combustible powder from its waste sludge, but AGES engineer's have proven and enhanced the system's ability to separate the inert non-combustible clay from the existing fiber, leaving a higher BTU value in the combustible fiber and a valuable pure white kaolin clay by-product that can be sold or re-cycled back into the paper making process. Patents for this new innovation are pending. Under the agreement, Atlantic will provide space, energy, installation, maintenance and expertise, as well as a continuous supply of pulp sludge. The purpose of the trials is to prove equipment reliability on extended runs, gather operating data, and determine adaptability of use in Atlantic's paper mill. According to Atlantic, "If the technology can provide an operationally and financially viable solution for handling our sludge, it is Atlantic's intent to purchase up to 6 production scale KDS machines." If the sale proceeds, Atlantic will be awarded exclusive representation rights for KDS technology for de-ink and recycle facilities in Ontario for a three year period and the Atlantic Packaging site will become a show case for introducing this technology to the pulp & paper industry. Mr. William Barber, President of AGES comments "the de-watering of pulp sludge to create a fine dry green fuel source will achieve significant energy savings for mill operations, and will virtually eliminate disposal costs. Add to that, the value of separating out the kaolin clay, and I believe we will revolutionize the way the pulp & paper industry handles its waste." 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 |