Chairman speaks directly to shareholders

Listed OTC BB

Trading Symbol: TTRIF



Apr 30, 2001, 01:00 ET from Thermo Tech(TM) Technologies Inc.

    PETALING JAYA, MALAYSIA, April 30 /PRNewswire/ - Thermo Tech(TM)
 Technologies Inc. (the "Company") and the Chairman, Mr. Ismail Radi are
 providing the following update for shareholders.
     Mr. Radi stated, today, "I am very aware of the concerns and frustrations
 of some of our shareholders as they watch the number of shares grow and the
 price per share fall. I want to say in the strongest way that we have an
 amazing business to do here in Malaysia and my team and I are concentrating
 our efforts on making this happen. We are expending great energies and we have
 made much progress. In the next days and weeks, we will be able to provide
 more details so that everyone can understand. Today, I want to address the
 main issue of the number of shares we have in the market."
     Mr. Radi continued, "When our new team took over management at the end of
 January, we also took on responsibility to do what was needed to prepare our
 Company and our business to move forward, especially to capture the market in
 Asia. Since assuming our responsibilities, we have authorized and issued just
 one debenture to fund the comprehensive service package for our North American
 operations. Other than that, the other finance instruments were all previously
 committed, and these have naturally come into the market according to the
 terms of the agreements. In each case there has been a reason for the issuance
 of shares through debenture and the Company has gained a specific benefit.
 Such was the case with the acquisition of Firmaplus. Such is the case with
 settling our situation in North America so we can concentrate on establishing
 new plants and strong revenues from our business in Malaysia."
     "I am telling shareholders today, that the debenture to the Confida Fund
 for support of the service contract to Planet Earth Operating Services Inc.
 (PEOSI) is the only debenture we have issued. This agreement is for a very
 large number of services and financial responsibilities to be assumed within
 the agreement and very importantly to bring both our Hamilton plant and North
 American operations to a profit position by April 1, 2002. I have taken the
 step of getting all conversions completed as soon as possible. As of today,
 out of all of the Company's equity based financing instruments, only a part of
 one debenture with an unconverted value of US$1,000,000 remains to be
 converted. This conversion will result in some further dilution in the short
 term. This is something we will have to accept. But, once it is complete we
 will be in stable conditions. The agreement with PEOSI looks after North
 America. Asian administrative operations and related overheads are fully
 supported by Firmaplus Sdn Bhd. As a result, I am personally very comfortable
 with our position to move forward and very excited about the scale of the
 opportunity. I am not happy about what it has taken to get here, but the only
 thing I can do now to correct this is to concentrate on the future and making
 sure everything happens as we see. I cannot change what has gone before. I can
 have impact on what happens from here onward."
     Mr. Radi added, "With these arrangements complete for day to day
 operations, we are actively working on creating financing instruments and
 securing the funds to build the initial plants that are needed to launch our
 rollout of Thermo Master(TM) Mark III Plants Malaysia."
     Mr. Radi concluded, "I hope that this message will give shareholders
 confidence to continue with us as we move forward and the patience to wait
 just a little longer until we can fully reveal what we have already
 accomplished in Malaysia and the goals we are pursuing. I can only say that my
 team and I are totally committed and we are working every day, as hard and
 quickly as we are able, to make our business here. As I have mentioned in
 previous news releases, we are constructing new office space to house the
 staff, including public relations, that will be needed and to conduct our
 business. I still expect that this will be completed around the beginning of
 June. After that time, with our local public relations group in place, we will
 be able to welcome shareholder contacts by telephone or other normal means. In
 the meantime, it is our policy not to try to respond to the contacts we are
 receiving. We believe and hope the shareholders would agree that your
 President, Charles Miller, our core staff and I should concentrate on creating
 business. Of course, as we are able, we will make news releases to describe
 the progress that is being made on specific objectives. As always, I thank our
 loyal shareholders for their patience."
     Thermo Tech(TM) Technologies Inc. is a leader in organic waste recycling.
 Thermo Tech(TM)'s patented thermophilic process is utilized in compact and
 environmentally friendly Thermo Master(TM) plants to convert biodegradable
 food waste into high protein animal feed and wastewater treatment sludges into
 fertilizer concentrate.
 
     Certain statements contained herein are "forward looking statements" (as
 such term is defined in the Private Securities Litigation Reform Act of 1995).
 These statements are based upon the belief of the Company's management, as
 well as assumptions made beyond information currently available to the
 Company's management. Because such "forward looking statements" are subject to
 risks and uncertainties, actual results may differ materially from those
 expressed or implied. Such "forward looking statements" include but are not
 limited to, competitive factors, general economic condition, customer
 relations, relationships with vendors, government supervision and regulation,
 product introductions and acceptance, technological changes in industry
 practices, and other factors discussed in filings made by the Company with the
 Securities and Exchange Commission.
 
 
     ON BEHALF OF THE BOARD OF DIRECTORS OF:
     THERMO TECH(TM) TECHNOLOGIES INC.
 
 
     "Ismail Radi"
 
     Per:
        Ismail Radi
         Chairman
 
     (TM) The terms Thermo Tech(TM) and Thermo Master(TM) are registered
 trademarks of Thermo Tech(TM) Technologies Inc. The term Thermo Master(TM) is
 licensed for use by Hamilton Bio Conversion Inc., and Richmond Bio Conversion
 Inc.
 
 

SOURCE Thermo Tech(TM) Technologies Inc.
    PETALING JAYA, MALAYSIA, April 30 /PRNewswire/ - Thermo Tech(TM)
 Technologies Inc. (the "Company") and the Chairman, Mr. Ismail Radi are
 providing the following update for shareholders.
     Mr. Radi stated, today, "I am very aware of the concerns and frustrations
 of some of our shareholders as they watch the number of shares grow and the
 price per share fall. I want to say in the strongest way that we have an
 amazing business to do here in Malaysia and my team and I are concentrating
 our efforts on making this happen. We are expending great energies and we have
 made much progress. In the next days and weeks, we will be able to provide
 more details so that everyone can understand. Today, I want to address the
 main issue of the number of shares we have in the market."
     Mr. Radi continued, "When our new team took over management at the end of
 January, we also took on responsibility to do what was needed to prepare our
 Company and our business to move forward, especially to capture the market in
 Asia. Since assuming our responsibilities, we have authorized and issued just
 one debenture to fund the comprehensive service package for our North American
 operations. Other than that, the other finance instruments were all previously
 committed, and these have naturally come into the market according to the
 terms of the agreements. In each case there has been a reason for the issuance
 of shares through debenture and the Company has gained a specific benefit.
 Such was the case with the acquisition of Firmaplus. Such is the case with
 settling our situation in North America so we can concentrate on establishing
 new plants and strong revenues from our business in Malaysia."
     "I am telling shareholders today, that the debenture to the Confida Fund
 for support of the service contract to Planet Earth Operating Services Inc.
 (PEOSI) is the only debenture we have issued. This agreement is for a very
 large number of services and financial responsibilities to be assumed within
 the agreement and very importantly to bring both our Hamilton plant and North
 American operations to a profit position by April 1, 2002. I have taken the
 step of getting all conversions completed as soon as possible. As of today,
 out of all of the Company's equity based financing instruments, only a part of
 one debenture with an unconverted value of US$1,000,000 remains to be
 converted. This conversion will result in some further dilution in the short
 term. This is something we will have to accept. But, once it is complete we
 will be in stable conditions. The agreement with PEOSI looks after North
 America. Asian administrative operations and related overheads are fully
 supported by Firmaplus Sdn Bhd. As a result, I am personally very comfortable
 with our position to move forward and very excited about the scale of the
 opportunity. I am not happy about what it has taken to get here, but the only
 thing I can do now to correct this is to concentrate on the future and making
 sure everything happens as we see. I cannot change what has gone before. I can
 have impact on what happens from here onward."
     Mr. Radi added, "With these arrangements complete for day to day
 operations, we are actively working on creating financing instruments and
 securing the funds to build the initial plants that are needed to launch our
 rollout of Thermo Master(TM) Mark III Plants Malaysia."
     Mr. Radi concluded, "I hope that this message will give shareholders
 confidence to continue with us as we move forward and the patience to wait
 just a little longer until we can fully reveal what we have already
 accomplished in Malaysia and the goals we are pursuing. I can only say that my
 team and I are totally committed and we are working every day, as hard and
 quickly as we are able, to make our business here. As I have mentioned in
 previous news releases, we are constructing new office space to house the
 staff, including public relations, that will be needed and to conduct our
 business. I still expect that this will be completed around the beginning of
 June. After that time, with our local public relations group in place, we will
 be able to welcome shareholder contacts by telephone or other normal means. In
 the meantime, it is our policy not to try to respond to the contacts we are
 receiving. We believe and hope the shareholders would agree that your
 President, Charles Miller, our core staff and I should concentrate on creating
 business. Of course, as we are able, we will make news releases to describe
 the progress that is being made on specific objectives. As always, I thank our
 loyal shareholders for their patience."
     Thermo Tech(TM) Technologies Inc. is a leader in organic waste recycling.
 Thermo Tech(TM)'s patented thermophilic process is utilized in compact and
 environmentally friendly Thermo Master(TM) plants to convert biodegradable
 food waste into high protein animal feed and wastewater treatment sludges into
 fertilizer concentrate.
 
     Certain statements contained herein are "forward looking statements" (as
 such term is defined in the Private Securities Litigation Reform Act of 1995).
 These statements are based upon the belief of the Company's management, as
 well as assumptions made beyond information currently available to the
 Company's management. Because such "forward looking statements" are subject to
 risks and uncertainties, actual results may differ materially from those
 expressed or implied. Such "forward looking statements" include but are not
 limited to, competitive factors, general economic condition, customer
 relations, relationships with vendors, government supervision and regulation,
 product introductions and acceptance, technological changes in industry
 practices, and other factors discussed in filings made by the Company with the
 Securities and Exchange Commission.
 
 
     ON BEHALF OF THE BOARD OF DIRECTORS OF:
     THERMO TECH(TM) TECHNOLOGIES INC.
 
 
     "Ismail Radi"
 
     Per:
        Ismail Radi
         Chairman
 
     (TM) The terms Thermo Tech(TM) and Thermo Master(TM) are registered
 trademarks of Thermo Tech(TM) Technologies Inc. The term Thermo Master(TM) is
 licensed for use by Hamilton Bio Conversion Inc., and Richmond Bio Conversion
 Inc.
 
 SOURCE Thermo Tech(TM) Technologies Inc.