ELI ECO LOGIC ANNOUNCES MEDIA ADVISORY
Regarding PCB Contaminated Materials in Japan
ROCKWOOD, Ontario--(BUSINESS WIRE)--Oct. 27, 1997--Dr. Douglas J. Hallett, President and C.E.O of ELI Eco Logic Inc. (TSE:ELI)("ECO LOGIC"), and representatives of Tokyo Boeki Ltd. and Nippon Sharyo Ltd. of Japan will meet news media at 11 a.m. on Thursday, October 30th in Confederation 4 of the Royal York Hotel, 100 Front Street West in Toronto.
At that time they will release details on the licensing of a Canadian environmental technology to destroy PCB-contaminated materials throughout Japan.
The Japanese PCB waste destruction market, estimated to be worth $400 million, has been sitting idle as companies such as Tokyo Boeki Ltd. and Nippon Sharyo Ltd. have searched the world for non-incineration destruction technology.
The made-in-Canada ECO LOGIC technology is operating at commercial scale in both Canada and Australia, and teamed with Lockheed Martin, has been short listed by the U.S. Army for Chemical Weapons destruction. However, the full commercial agreement in Japan will be by far the most significant contract economically for the
A formal signing ceremony will take place as part of the media briefing.
Dr. Hallett will be available for comment at 2pm following the ceremony. He may be reached at 416/862-7168.