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Haber, Inc. Signs Letter of Intent to Establish E-Waste Plant in North Carolina's Global Transpark

Posted on: Tuesday, 18 April 2006, 12:00 CDT

Haber, Inc, (OTC: HABE), a Massachusetts-based company with proprietary and environmentally friendly technologies for the extraction and recovery of gold and other precious metals from ores and electronic waste, announced today that it has signed a letter of intent with the State of North Carolina's Global Transpark Authority (GTP) for an 18,500 square foot industrial building located at the Global Transpark in Kinston, North Carolina. This letter of intent will initiate in-depth meetings with the governmental authorities, which upon successful conclusion, will lead to a long-term lease for the space. The facility will be used for an environmentally friendly E-waste facility for recycling all economically recoverable metals.

Should Haber lease the new facility, the company plans to install at least two metals recovery lines, one or more for electronic waste and one for gold ore. The lines will be used for commercial production and bulk pilot operations. Haber's environmentally friendly technologies will be used to extract and recover precious metals from multiple tons of gold concentrate and E-waste per day.

The site will serve both as a production and pilot facility and as a training facility for Haber employees, providing employees who will be operating other plants located around the world with first-hand experience on all processing technologies.

About Haber, Inc.

Haber, Inc. is a high technology process development company with proprietary technologies in extractive metallurgy and electrochemical separations. These technologies include the company's Haber Gold Process (HGP), a chemical system discovered by Norman Haber, the chairman of the company, for the hydrometallurgical extraction of gold from its ores. The Haber Gold Process is both non-toxic and more efficient than conventional solvents such as cyanide. This technology accelerates the gold extraction rate and may increase gold recovery from its ores by a substantial factor. The company's Electromolecular Propulsion (EMP) technology is an electrochemical process that enables the electrically controlled movement or positioning of a variety of different molecules. It is distinguished from the techniques of electrophoresis and chromatography by its wide variety of potential applications and the greater speed and control of the results. For more information, call Peter R. D'Angelo (781) 643-2727, or visit the company's website at http://www.habercorp.com.

Safe Harbor Statement

Any statements contained herein that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and involve risks and uncertainties. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions. These statements are subject to uncertainties and risks including, but not limited to, economic conditions, the impact of competition and pricing, government regulation, and other risks. All forward-looking statements made by or on behalf of the Company are qualified. The Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

Source: Business Wire

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