Germany: WKN A0MNSR /
VANCOUVER, Aug. 10 /CNW/ - Further to Nass Valley Gateway's ("NVG") news release dated April 22, 2010, the Company is pleased to announce that Management has successfully completed its trip to China as part of its due diligence relating to the "Waste To Energy" converting technology it intends to acquire through its wholly owned subsidiary Greenville Environomic Energy Ltd ("Environomic"). The Management visited the operating Utility Unit in China and saw a demonstration of the latest operating model based on the unique patented pyrolysis system. Management also met with engineers and the inventor of the state of the art technology. Société Générale de Surveillance ("SGS") has been commissioned to prepare a report for the Company.
Management will be meeting with its possible joint venture partners to finalize certain aspects of pricing of the plant and the final structure for the business plan, including the next phase for the installation of the first production plant.
NVG's management is convinced that the technology is poised to be a leading edge Pyrolysis Energy Conversion and Waste Disposal System which is able to convert organic waste to fuel oil and other valuable by-products such as carbon black, activated carbon, fertilizers and bio-oil. Through Environomic's access to the technology, the Company will be in the position to offer a viable solution to the challenges of municipal waste management, petrochemical compounds and waste wood material, while providing quality recycled-content products.
ABOUT NASS VALLEY GATEWAY LTD.
Nass Valley Gateway is exploring industrial minerals and precious metals through its wholly owned subsidiary Greenville Precious Metal Ltd and developing, marketing and establishing environmentally responsible Waste to Energy processes through its wholly owned subsidiary Greenville Environomic Energy Ltd. The Company and its subsidiaries are devoted to building value for their shareholders and employees, contributing to the improvement of the communities in which they operate through employment creation, and implementing sustainable practices designed to preserve and enhance our environment.
The CNSX has not reviewed, and does not accept responsibility for the adequacy or accuracy of the contents of this news release.
SOURCE Nass Valley Gateway Ltd.
For further information: For further information: Melvin Stevens, President, Telephone: (250) 621-3286; Dieter Peter, Chairman & CEO, Telephone: (604) 685-4170