Monday, August 24, 2009

SLNX-Solanex Management Inc.!!!

This commpany is SOLANEX (SLNX)
Solanex Management Inc.
Currrent: $0.10
End of Week Tarrget: $0.25
End of Year Tarrget: $1.00

Solanex's business is the "development, manufacture, distribution,
marketing and sales of alternative, renewable and waste energy
technologies". Their main product is a Steam Injection System that is
a portable high temperature, high pressure steam generation unit being
developed for use by companies who are in the bitumen/heavy oil
exploitation business. The Company has made initial arrangements with
TS2000-Star Vehicle Technologies Inc., a company that has a production
joint venture with a Chinese Manufacturing Group. The Company is currently
pursuing bids from other manufacturing companies as well.

Just last week they released a press report that we believe gives Solanex
significant growth opportunities (attached below). Currently their finances
are slim, but with this recent announcement, as well as a solid Board of
Directors, Solanex is ready to make a serious push into this new,
under-developed market.

SOLANEX MANAGEMENT INC. SIGNS LETTER OF INTENT TO ACQUIRE WASTE TO ENERGY
TECHNOLOGY 8/10/2009 4:05:51 PM - Market Wire

LAS VEGAS, NEVADA, Aug 10, 2009 (MARKETWIRE via COMTEX News Network) --
The Board of Solanex Management Inc. (OTCBB: SLNX) announces today that
Solanex has entered into a Letter of Intent ("LOI") dated July 27th 2009
to acquire certain sales, marketing and distribution rights to a Waste to
Energy technology from Alten Power Corporation. The Company has elected to
enhance the incineration/gasification component of its business model and
considers the availability of electric power from the gasification of
Municipal Solid Waste to be an added benefit to potential customers,
especially Municipal, State and Federal Governments.

The LOI calls for a due diligence period which is to conclude on or before
the 21st of October, 2009. According to the terms of the agreement, the
Company would acquire any and all rights to projects that have been initiated
by Alten Power Corporation,including but not limited to feasibility/viability
assessments for waste to energy facilities in Central and South America, the
United States and Canada. The transfer would be completed following payment
of $200,000(Two Hundred Thousand USD)plus 3 million common shaares of Solanex.

No comments: