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July/04/2005
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Geotec\Richcorp
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Richcorp Announcements:

 

October 8, 2005

To Our Shareholders,

We have now teamed up with Geotec Thermal Generators, Inc., a fully reporting public company that is trading under the symbol, "GETC". We are very excited about the future for our company and our shareholders since becoming part of Geotec.

The history that management of Geotec has, working with gasification and coal to be used as a fertilizer gives us the potential that we could not have realized or implemented without this relationship. Technically, this gives us the ability to utilize our enzyme technology in the United States with Geotec owned coal. While Geotec has United States sources of coal in the Illinois and Northern Appalachian Basins, this coal does not have half the caloric content of our Asphaltite in Argentina.

Financially, as Geotec is a public U.S. company, this gives us the ability to access capital and funds that would otherwise be limited by private operations only focused on or in Argentina.

We are also working with Geotec to commercialize our enzyme technology. We are actively discussing our equity participation, marketing and expansion requirements for the enzymes. We have also had some very interesting discussions about the intellectual property protection of the enzyme technology. By agreement with Geotec, this technology was not part of the acquisition of Richcorp, so we anticipate further benefit for our shareholders.

We believe that we have now brought new management, assets and financial vehicles to our company that will enable our substantial and rapid growth. We hope that you will see and appreciate our direction and growth.

We wish you all well, and we look forward to a very prosperous 2006, and beyond.

Sincerely yours,

William Richardson President

Copyright © 2005 Geotec, Inc. & Richcorp, Inc. All rights reserved