Aqci and Michael lacy as there ceo at the time bef

Aqci and Michael lacy as there ceo at the time before becoming himr pres. and finally landing at north cal wood products manager of sales and marketing isnt a rookie at underwater logging with his previous experience with himr's prototype model in the tucurui reservoir. Just look at the sales orders for the under water wood......"The acquisition gives ACQI 100 percent control of our timber leases at Tucurui Reservoir and all resulting revenue from sales," said Mr. Lacy. "Additionally, we have removed logistical barriers to substantially improve our efficiency and enhance our production capabilities. The ECOMAB project at Tucurui is roughly valued at $1 billion." In April 2001, Aquatic Cellulose entered into an exclusive supply agreement with Milwaukee-based Timber Holdings Ltd. (THL) for its total production of underwater harvested Ipe hardwood. THL placed orders totaling more than $1.5 million, a portion of which is for a boardwalk reconstruction project at Asbury Park in New Jersey. This decking installation is currently in the second of three phases, according to Mr. Lacy. ACQI's stock price has been steadily climbing this year, closing yesterday at $0.08 after opening in January at $0.01. The stock price reached its peak at $1.28 two years ago, in April 2000". http://www.socialfunds.com/news/save.cgi?sfArticleId=862