EarthFirst Technologies, Inc. Announces Operational Status Of Tire Processing Plant

TAMPA, Fla.--()--April 21, 2004--EarthFirst Technologies, Inc. ("EFTI" or "the Company")(OTCBB:EFTI) announced today the "Operational Readiness" of its Catalytic Activated Vacuum Distillation ("CAVD") plant . The plant processes tire shreds through a reactor that reduces the input material to the saleable products of carbon, oil, gas and steel.

An extensive test regime was conducted on the completed unit under the supervision of Dr. Michael Maskarinec with particular emphasis on the chemistry of the process, the quality and quantity of the product output and the emission status of the plant process. The thermodynamics and kinetics of the reaction sequence were accurate and precise, producing the quality and quantity of expected output products. The robust and reliable construction of the plant allowed the emission standards to be met. In collaboration with Oak Ridge National Laboratory ("ORNL"), Dr. Maskarinec will continue to provide the necessary certifications, and permitting assistance to fit the needs of a particular plant /location.

“EFTI under-promised and over-delivered in the design and fabrication of this plant.”

This plant was built by Turner Industries, Inc. ("Turner") to operate as both a demonstration model and an operating unit generating income. The unit was built in Mobile, Alabama at the Turner Industries' facility. The work was performed primarily by Harmony, LLC, a Turner subsidiary, and its sub-contractor network. Turner is located in Baton Rouge, La. and operates worldwide with annual revenues of approximately $1 billion dollars and has 12,500 employees and is ranked No. 111 in Engineering News-Record's "The top 225 Global Contractors."

The first formal demonstration of the plant was held on Friday, April 16,2004. PEPER Holdings, LLC ("PEPER") brought members of its organization to witness the sustained operation of the plant as well as to review engineering and operational data. Mr. Jose Flores, President of PEPER, commented, " EFTI under-promised and over-delivered in the design and fabrication of this plant." Negotiations are expected to be concluded with PEPER in the near future on the license agreement and the delivery of their first plant. The nominal plant size offered by EFTI is a 40 tons-per-day unit with multiples of that module available for additional capacity. Test data confirms that plant investment should be recouped within two years.

EFTI plans to joint venture plants with PEPER and others, with the customer purchasing the plant and EFTI furnishing the turnkey services of build, install and operate in addition to the service of assisting with the sale of by-products from the plant. The Company contact at the Mobile location is Charles Bartz (251-776-7996), Sales and Marketing Director, and in Tampa, Nelson Valdes, Jr. (813-238-5010), President, WESCO Holdings, LLC, a subsidiary of EFTI.

EarthFirst Technologies, Incorporated and its subsidiaries http://www.earthfirsttech.com, are dedicated to producing environmentally superior products from carbon-rich solid and liquid materials currently considered wastes. The Company has conducted more than five years of extensive research and development on advanced technologies to achieve this goal.

Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statement of EFTI officials are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future EFTI actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and EFTI has no specific intention to update these statements.

Contacts

EarthFirst Technologies, Inc., Tampa
Beverly Mercer, 813-238-5010 ext 401
or
Equitilink, 877-788-1940

Company Information Center

EarthFirst Technologies, Inc. RSS feed for EarthFirst Technologies, Inc.

market not identified:EFTI