Envirostar " I am buying at these levels"

This obvious price manipulation and or tax selling is a God Send for me .. I am in the buying so they have to hit me to get their trades through... Turbine arrives on the Gold Coast tomorrow for the New Green Wast to Energy Power Plant.. so the next run may be a the genuine article !!

ENVIROSTAR ENERGY LIMITED 2002-06-11 ASX-SIGNAL-G

HOMEX - Sydney

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HIGHLIGHTS:

* Steam Generator/Boiler and FBC system fabrications complete and
dispatched. It is expected to arrive on site on 29 June.

* Turbine Generator (Westinghouse 5MW) final balancing at workshop
completes ready for dispatch and is expected to arrive on site on
19th June.

* EnviroStar Green Power Accreditation granted by SEDA.

* EnviroStar Generation Licence granted by the Queensland Office of
Energy.

* Renewable Energy Registration issued by the ACT Office of Renewable
Energy Regulator (ORER). Accreditation application submitted.

* NEMMCO approval for Unscheduled/ Market Generation expected
shortly.

* Interconnection Works to Electricity Grids finalised with Energex.

* Power Sales Contract signed with Energy Australia.

* Fuel Supply Agreements signed.

* Project is utilising commercially proven technology.

* Authority Approvals and comprehensive Environmental Protection
Authorities (EPA) Licenses for the projects have been granted.

IN DETAIL:

EnviroStar Energy Limited is pleased to announce that the final major
equipment (the key component of the Stapylton Plant), namely the
Steam Generator/Boiler have now been completely fabricated and are in
transit to site where they are to be installed by the EPC Contractor,
Energy Equipment Australia Pty Ltd. Commissioning is scheduled for
29th June.

The steam generator weighs approximately 100 tonnes having dimensions
of 8 metre wide by 8 metre in length, and stands 22 metre tall.

Transporting these key components for the Plant is a major task
involving significant traffic disruption and requiring comprehensive
permitting from and the assistance of the RTA and the DMR.

The Energy Equipment Fluid Bed Combustion (EEFBC) system being the
patented technology employed at Stapylton under exclusive license to
EnviroStar, operates as a single unit with the Steam Generator. This
"one of a kind system" is designed and fabricated to prevent multiple
aggressive expansions and contractions when the two sections are
exposed to a high pressure and temperature of up to 1,200 deg C. This
system also prevents any gas leakage from the combustion chamber
operating under negative pressurization.

The bottom part of the combustion chamber, known as the 'bed', is
filled with sand and when pressurized through injectors the sand
moves in a liquid form referred to as 'fludised'. The chamber is
heated to a high temperature and the sand retains the heat. The
process is known as Fluid Bed Combustion (FBC).

The EEFBC will be operating at a temperature of 850 deg C in the bed
section where fuel (green waste) with high moisture contents, for
example grass off cuts, is fed. The fuel simultaneously combusts and
produces hot gas which ignites to create a step-up in temperature to
1200 deg C releasing enormous heat energy. The heat energy is fired
directly below the superheated water tubes in the Steam Generator to
produce a superheated steam with a high pressure (35MPa) and a high
temperature (400 deg C). The superheated steam is then injected into
the Steam Turbine, which drives the electricity generator.

The EEFBC worldwide patents which relate to processes which control
the extreme combustion temperatures in EnviroStar's Stapylton Plant
creates a system which prevents the formation of toxic and greenhouse
gases and thereby prevents toxic gas emissions. Therefore,
EnviroStar's Electricity Plant at Stapylton qualifies for both
Renewable Energy Credits and Carbon Credits.

The FBC technology has been recognised to be the world's best
practice for waste to energy conversion as stated by the University
of California.

The foundation slabs completed at Stapylton include more than 650
anchor bolts which weighing over 20 tonnes and which have been fixed
under survey with high precision. The key components will be
installed on these anchor bolts.

The Fuel-Handling Unit is progressing into its first week of
installation. This state of the art technique includes a positive
displacement and feed system for the green waste and is designed to
have the capacity to store enough fuel for 12 hours operation with a
feed rate system which can handle 150 tonnes of green waste per day.

On the 8th of February this year, EnviroStar announced it had
received its Generating License from the State Government of
Queensland, Generating Authority G01/02.

On 26th March, EnviroStar announced its registration with the Office
of Renewable Energy (ORER). Progress in the final construction of
EnviroStar's 5MW Stapylton Plant puts the Company in a position where
it can begin electricity generation to meet sales contracts with
Energy Australia and thereby enjoy the benefit of a long term and
sustainable cash flow commencing in the third quarter of this year.

EnviroStar is now in a position to begin to plan the next phase which
is to initiate Stage 2, the implementation of the Company's Green
Power projects which have obtained Approvals, EPA Licenses and Signed
Power Sales Contracts for 20MWe at Stapylton and 20MWe at Morwell in
Victoria.

For further information, please view our website
(http://www.envirostar.com.au) or contact James Kwok CEO, via the
communication points shown below.

Telephone Number: (02) 9232 0788

Facsimile Number: (02) 9232 0799

Email address: [email protected]


J Kwok
CEO