The Auto Channel
The Largest Independent Automotive Research Resource
The Largest Independent Automotive Research Resource
Official Website of the New Car Buyer

Alottafun! Inc. Enters Into Letter of Intent with Tony Canales, Inc.

28 December 2000

Alottafun! Inc. Enters Into Letter of Intent with Tony Canales, Inc.
    WEST BEND, Wis., Dec. 27 Michael Porter, CEO of Venture
Development, Inc., formerly Alottafun! Inc. (OTC Bulletin Board: ALFN)
(Frankfurt: AZE), announced today that Venture Development, Inc. and Tony
Canales, Inc., a privately held company located in Egg Harbor Township, N.J.,
have entered into a letter of intent to explore the possible acquisition of
Tony Canales, Inc. by Venture Development and to examine other business
combinations.  Terms and conditions of the letter of intent will be disclosed
upon completion of the due diligence process.
    Tony Canales, Inc. maintains the only approved and permitted tire
recycling facility in Southern, N.J.  It can take in tires from over 55 towns
and 16 counties in New Jersey.  The tire facility is located on 10 acres of
land, and is capable of processing over 2.5 million tires annually.  Tony
Canales, Inc. has focused on supplying TDF in 1x1 chips.  TDF, which is "tire
derived fuel," is used for fuel in cement kilns, boilers, and other industrial
applications.