Post by Franko10 ™ on Feb 20, 2005 19:09:54 GMT -5
GOLDEN ARCH RESOURCES LTD.
8930 OAK STREET, VANCOUVER, B.C. V6P 4B7 (604) 266-9910 1-800-661-0091 FAX: (604)266-5000
E-mail: safeenv@direct.ca
NEWS RELEASE
Symbol: GAI (VSE Exemption 12g3 - 2(b)
O.T.C. GARC-F SEC File # 82-659
BatteryMINDerä, 'THE CHARGER WITH A BRAIN" SAVES DYING BATTERIES
8930 OAK STREET, VANCOUVER, B.C. V6P 4B7 (604) 266-9910 1-800-661-0091 FAX: (604)266-5000
E-mail: safeenv@direct.ca
NEWS RELEASE
Symbol: GAI (VSE Exemption 12g3 - 2(b)
O.T.C. GARC-F SEC File # 82-659
BatteryMINDerä, 'THE CHARGER WITH A BRAIN" SAVES DYING BATTERIES
Vancouver, June 14, 1999 - Golden Arch Resources Ltd. is pleased to announce that pursuant to letters of agreement exchanged on June 11, 1999 with VDC Electronics, Inc. of Englewood, New Jersey, Golden Arch has acquired exclusive license to market and distribute, world wide, a unique group of electronic "Battery Management" tools created to enhance Performance and Life of lead acid storage batteries. Patent pending, state of the art microelectronic circuitry is utilized for the BatteryMINDerä group of products. The cutting edge technology recently received recognition from the premier provider of deep cycle batteries who after a spending $25 million to improve its own products, and, "based on extensive research" recognized BatteryMINDerä electronic technologies as "world class". Recent field tests of two different BatteryMINDerä products by a branch of the US military resulted in immediate recommendation for use by the military of both items. Since the technology was first discussed by Golden Arch in a news release dated June 4, 1999, the Company received a most encouraging response from various agencies responsible for managing environmental impacts due to premature failure, and, discard of 85% of the hundreds of millions of automotive, marine, gel cell and deep cycle storage batteries in use world wide. Positive economic and environmental consequences resulting from the use of BatteryMINDerä technology are, improved operating efficiencies, extended useful battery life, lower initial and operating costs. BatteryMINDerä is sold with a money back performance guarantee, and a 5 year "no hassle" warranty. First Canadian Deliveries are expected to start within 60 days. Distribution of the product line in Europe is expected to commence in the first quarter of 2000. The cost of a BatteryMINDerä is less than the replacement cost of a good quality car battery. The new top of the line, BatteryMINDerä Model 12112 is the first of a new generation of "Computer-on-a-Chip" units which automatically charge any type lead acid storage battery, without ever overcharging, or boiling. The innovative device dubbed the "charger with a brain ", the BatteryMINDerä Model 12112 is believed to be the first charger of its kind to dramatically reverse the primary cause of early battery failure known as "sulphation". Some batteries that would not take a charge and were considered unrecoverable can now be brought back to long term useful condition.
To finance marketing and distribution of BatteryMINDerä, and, to retire existing debt, the company has arranged in the principal amount of $1,000,000CDN a seven (7) year convertible redeemable debenture at an interest rate of 9.75 % per annum, payable semi-annually commencing February 15, 2000. The Debenture financing was arranged by D.R. McKay & Associates, London, U.K. The Company may repay all or any of the principal amount of the Debenture at any time. The lenders shall have the right, at their option, prior to June 14, 2006, to convert the Principal amount of the Debenture into fully paid non-assessable common shares of the Company, attached to each share so issued will be a share purchase warrant. The initial conversion and exercise price of the shares and the warrants are $0.15C and the convertible share price escalation provisions, thereafter, will be in accordance with the rules and regulations of the Vancouver Stock Exchange. Both the above referenced technology licensing agreement and its related financing are subject to both regulatory and shareholder approval. Shareholder approval is expected to be obtained at the companies annual meeting scheduled to be held in Vancouver on July 9th 1999.
For further information on this news release please contact Richard J. Watson 1-800-661-0091,
On behalf of the Board of Directors of Golden Arch Resources Ltd.
“W.T. Styffe”<br>Director
The Vancouver Stock Exchange assumes no responsibility for the accuracy of this Release and neither approves nor disapproves thereof.