Date: July 22, 2004
Source: News Room
EarthFirst Technologies, Inc. (OTCBB: EFTI) has signed a Letter of Intent with Chateau Energy, Inc. for an exclusive License Territory Agreement for development of its solid waste plants in southern California. The territory encompasses Santa Barbara to the southern border of the state of California. The agreement calls for a minimum of five plants to be constructed over a period of the next 3 1/2 years. Chateau will be the owner of the plants and EFTI will receive a 15% royalty on operating profit generated by the plant.
More information: www.earthfirsttech.com.
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