Message #20 From:
NewsBot Date: August 2, 2006 09:12:00 AM
DIGG News Digital Gas to Take Initial Steps to Prepare for Possible Listing of Two Subsidiaries on a Senior Exchange
NEW YORK--(BUSINESS WIRE)--Aug. 2, 2006--Digital Gas, Inc. (OTCPink Sheets:DIGG) announced that Benelux Capital has agreed to make formal introductions of Digital Ultracap Corporation and Digital Sofcell Corporation to certain of its investment and legal contacts. The process is expected to lead to an application to list on AIM, the London Stock Exchange's international market for smaller growing companies. Since its launch in 1995, over 2,400 companies have joined AIM - raising more than GBP 30bn in the process, both through initial public offerings (IPO's) and further capital raisings. Each subsidiary will initially seek $50 million in pre-IPO capital that will be used to commence commercial operations in 2007 with breakthrough products.
Digital Gas anticipates that all major utilities will use Digital Ultracap's mass storage systems to reduce their current power generation requirements. Energy experts estimate that power generation capacity could be reduced as much as twenty percent through the mass deployment of an efficient energy storage device. Such a device would also alleviate grid bottleneck problems and provide for better emergency backup power.
For the residential and commercial market, Digital Ultracap will introduce new state-of-the-art home air conditioning units in 2007 that will be less expensive than standard air conditioners, produce zero noise levels inside and outside the home, as well as consume the absolute lowest possible amounts of electrical power. These systems will be assembled using environmental friendly and recyclable materials. They will provide reduced humidity and will cool any given outside temperature by at least 17 degrees. The units are maintenance-free and produce zero emissions. The Digital Ultracap units will even function during a temporary blackout when combined with the company's breakthrough ultracapacitor technology.
Digital Sofcell will be introducing a wide range of breakthrough products over the next several years, including a low cost direct carbon fuel cell system that can burn coal and similar fuels without the emissions normally associated with a typical coal burning power plant. These units will be "micro FutureGens" and will have a combined heat and power efficiency of approximately ninety percent, which is almost double that of the US Government sponsored FutureGen program.
AIM is renowned worldwide for having a regulatory framework and approach uniquely suited to smaller companies. International companies recognize the unparalleled access to the global investment community and capital-raising possibilities that come from having their securities quoted and traded in London. Such capital-raising possibilities and global investor reach is expected to launch Digital Ultracap and Digital Sofcell on a path to attaining potential multi hundred million dollar market capitalizations.
"In our view, both Digital Ultracap and Digital Sofcell feature compelling products and technologies in their respective industries and we are pleased to assist them attain this potential," said Mark Watson, Managing Director of Benelux Capital.
About Benelux Capital Energy Group
Benelux Capital's Energy Group is focused on identifying and introducing equity capital for exceptional management teams in the energy sector as well as secured financings of private and public energy companies with emphasis on cash flow and collateral coverage.
Digital Gas and its subsidiaries can benefit from Benelux Capital Energy Group's expertise and extensive industry network in the following target sectors: Oil and Gas Exploration and Production; Midstream (gathering, processing, transmission and storage); Refining; Power Generation/Distribution and Energy Infrastructure; Oilfield Services; Pipelines/Storage; Oil and Gas Transportation; Drilling and Completion; Renewable/Clean Energy and Alternative Power and International Energy Opportunities in all sub-sectors.
