Announced by:DOLOMATRIX INTERNATIONAL LIMITED (DMX) Announced on: 23/05/2002 09:11:07 Part: A Words: 812 Status: Not market sensitive (N) Industry Sub Group: Miscellaneous Services (222)
DOLOMATRIX INTERNATIONAL LIMITED 2002-05-23 ASX-SIGNAL-G
HOMEX - Perth
+++++++++++++++++++++++++ Having recently been appointed Chairman of Dolomatrix, I thought it appropriate to introduce myself and bring you an update on some of the many developments in the company.
I was delighted at the prospect of becoming Chairman of Dolomatrix because it represents a logical progression to the work I have been doing for the past 13 years with Clean Up Australia and Clean Up the World.
It was during the BOC Challenge in 1988 that I began to notice the state of the world's oceans and decided to so something about the problem of pollution. After 32 years as a businessman in the building and property development industries, I founded Clean Up Australia in 1989, and since that time it has grown to be one of the most respected community environment organisations that organises the largest community-based participation event in the country.
The success of Clean Up Australia enabled me to take the clean up concept globally, and in partnership with the United Nations Environment Programme, Clean Up the World was launched in 1993. Clean Up the World is an international campaign and event that like Clean Up Australia Day, aims at empowering communities everywhere to look after their local environment. Today Clean Up the World engages over 40 million volunteers each year in more than 125 countries.
The evolution from establishing the Clean Up projects, cleaning up solid waste in Australia and around the world, to working with Dolomatrix to clean up hazardous waste is a logical and a very important one for me. It goes hand in hand with the need to value our waste as a resource.
For some time I have followed the developments of Dolomatrix in my capacity as Chairman of the Cooperative Research Centre for Waste Management and Pollution Control and see the company's future as very exciting and one that I'm very pleased to be part of.
I see it as exciting because the company owns world-class technology that is proving to be very attractive commercially.
The Dolocrete technology is without peer in its treatment of many forms of hazardous and toxic wastes that pose major threats to the world today, and our role is to use our patented technology to maximise the commercial potential of this vast and growing market.
If you want to understand more I urge you to go to our website at www.dolomatrix.com where there is a thorough description of the technology.
Central to the success of the technology is a material called Dolocrete TM . Dolocrete TM is produced by Dolomatrix to our patented formula, which when mixed with toxic waste causes a series of reactions to occur that act to trap the waste from leaching out and thereby transforming hazardous waste to inert, safe materials that in many cases resembles a quasi-mineral.
You can now see why I see our future as exciting!
Although relatively small at present, I see the potential for Dolomatrix to become a leader in a sizeable world market. Whilst making a difference to the environment is a real and positive outcome of our business, we are committed to the primary goal of creating shareholder value.
Our focus remains on winning commercial contracts and expanding our alliances with leaders in the waste management industry. We believe this to be the way to expand our business aggressively but within a manageable risk profile.
To this end we are working to specific goals and we expect these will result in the following achievements in the near term:
* Further long term revenue generating contracts concluded
* Commencement of revenue generating contracts, albeit modest, in the Philippines following the recent receipt of our Environmental Clearance Certificate allowing the company to operate
* Completion of the commercial trials in Singapore following approval to use Dolocrete in those trials recently
* Further strategic alliances with industry leaders
* Delivery of the company's first state of the art mobile treatment plant
* Commencement of revenue generation from the $3.5million contract with Aurion Gold Ltd. The initial phase of this contract will generate more than $1million in revenue in the coming September quarter
Achievement of these goals will ensure that we continue to grow the company and create shareholder wealth.
As shareholders in Dolomatrix, and there have been more than 1,000 new shareholders since listing last July, we are positioned to benefit from both the achievement of these goals, as well as the move towards socially responsible investment, that is, making a profit and also making a positive difference.
I look forward to being Chairman of your company as we deliver this.
IAN KIERNAN AO Enc. Ian Kiernan Biography
A copy of the full announcement, including a Biography of Ian Kiernan AO, is available in PDF format on www.asx.com.au. Alternatively it is available for purchase from ASX Customer Service on 1 300 300 279.
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