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SYNGAS INTERNATIONAL (NASD:OTCBB:
SYNI) ANNOUNCES UPDATE TO MEDICAL RECYCLING PROJECT
Project Proceeds to Major Joint Venture
January 11, 2006 – Las Vegas NV, Edmonton AB – Syngas
International Corp. (OTCBB:SYNI), www.syngasinternational.com is
pleased to announce that the Company’s project to supply gasification
technology for a medical waste plant in Alberta has achieved a new
milestone.
The project began as a pilot to sell the facility an M2-2.5, and
quickly progressed to the facility increasing their requirement
to an M2-60 unit. Syngas was to receive roughly $2 million per annum
as its percentage of revenues under this scenario.
The project now calls for Syngas to be an equal joint venture partner
in the project which has estimated revenues of $7.0 million plus
per annum.
“All parties involved are energized by this agreement. The
waste management industry is highly fragmented, with few proper
disposal methodologies for sensitive waste products like medical
wastes. Our aging population has made disposing of expired and used
medical products a real problem, and we believe that in order to
make a significant impact on the future of this industry and to
bring about positive change, a multi-faceted and all-encompassing
approach must be taken,” stated Wilf Ouellette, President
of Syngas Energy Corp, and director of its parent Syngas International
Corp. “That’s why its so important that Syngas not only
provide technology and support, but by having an equity stake in
the project, the joint venture is assured of availing itself to
the latest in waste management technologies. Waste management is
a perfect application for Syngas’ renewable fuel technologies.”
Ouellette continued, “With the joint venture, we have taken
another major step toward fulfilling the mission of the Company
– providing energy in an enviro-eco-sensitive manner.”
Ouellette explained that in order to impart this significant impact
on the industry, one had only to realize that waste medical products
if misused, could cause significant harm. Gasification not only
ensures that expired meds and used equipment will not cause harm,
but can do it in a way that produces energy, cuts costs and saves
the environment from needless filling.
Syngas International Corp. (OTCBB: SYNI), through it's subsidiary
Syngas Energy Corp. is an emerging leader in the development and
marketing of low cost alternate fuels worldwide. We believe our
superior technology, will catapult our company into a GREEN POWERHOUSE.
With energy prices at high levels and the global focus moving rapidly
towards addressing pollution, the need for sustainable, zero emission
energy is vital. Our technology is based on clean renewable energy.
We foresee our company poised to benefit from global trends.
Forward-Looking Statements
Except for the historical
information contained herein, the matters discussed in this press
release are forward-looking statements. Such statements are indicated
by words or phrases such as ``believe,'' ``will,'' ``breakthrough,''
``significant,'' ``indicated,'' ``feel,'' ``foresee,'' ``revolutionary,''
``should,'' ``ideal,'' ``extremely,'' and ``excited.'' These statements
are made under ``Safe Harbor'' provisions of the Private Securities
Litigation Reform Act of 1995. Actual results may differ materially
from those described in forward-looking statements and are subject
to risks and uncertainties. See Fairchild's filings with the Securities
and Exchange Commission, including, without limitation, Fairchild's
recent Form 10-KSB and Form 10-QSB, which identify specific factors
that may cause actual results or events to differ materially from
those described in the forward-looking statements.
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