NEWS RELEASE
The Coalition For Energy Independence And Citizen Ownership
Contact: Laura Filbert Zacher, 314-772-6047 (o); 314-650-9681 (c) or 202-714-1468
"Cut Us In or Cut It Out!"
East St. Louis Delivers Solution
To America's Energy and Economic Crisis
For Immediate Release. On March 26, 2009, 10:00 a.m., at the National Press Building in Washington, D.C., leaders from one of the most poverty-impacted communities in the U.S., the City of East St. Louis and fourteen surrounding communities in Southern Illinois, will travel to the nation's capital to launch a comprehensive stimulus solution of their own, and to call for its support as a viable antidote to the unprecedented financial crisis in the United States.
Millions of Americans who have been devastated by the economic crises that now grip the country and the world have a message for those who are currently designing bailout initiatives: "Cut Us In or Cut It Out!" They are, of course, talking about the "Troubled Asset Relief Program" (TARP) that seems clearly to be a bailout plan for the "wealthy few" on Wall Street but not for the "unmonied many" on the Side Streets and Main Streets of America who are being devastated by mortgage foreclosures, job losses and the collapse of the credit system for both individuals and small businesses. They are saying to their government's policy makers: "Cut us in on the bailout or cut it out for the wealthy few!"
The Hon. Rev. Walter E. Fauntroy, who served for twenty years as D.C. Representative to the U.S. Congress, six years of which were as Chairman of the House Banking Subcommittee on Monetary Policy, will present the Hon. Alvin Parks, Mayor of East St. Louis, IL and the Hon. Nathaniel O'Bannon, Mayor of Brooklyn, Il. They will detail a plan that the people of these communities have developed with the invaluable assistance of a team of political, technology and economic advisors to lift themselves and, indeed, the nation out of the quagmire of public policies that have thus far failed to resolve the crisis.
East St. Louis, IL, has experienced a prolonged unemployment rate of 23%, and overall the poverty rate is 31% in the fifteen communities comprising the East St. Louis Metro East Riverfront Communities area. The project that the two mayors will unveil will introduce a revitalization plan for the region called the American Bottoms that will turn every citizen into a shareholder of the newly formed Metro East Citizens Land Cooperative. The plan calls for advanced renewable energy systems (ARES) to be owned by every local citizen; it is the first step in a national strategy called "capital homesteading" that would finance energy independence and economic empowerment of every citizen.
The first E-Macrosystem advanced renewable energy system and manufacturing center will create approximately 2,100 jobs: 200 full-time and part-time temporary construction jobs (with expected two year duration), 300 full time permanent jobs (after all phases of ramping-up are complete), and 1,600 regional / national enhancement job opportunities (including public services, agriculture, forestry, medical, retail, general services and manufacturing of component parts outside of the East St. Louis region).
The MECLC is based on the model of the for-profit, professionally managed, citizen-owned "Community Investment Corporation." MECLC's planned project will demonstrate integrated technology that produces emissions-free, independent power from all forms of waste and sunlight. Other benefits of the plan are ARES component manufacturing, robust job creation and broad citizen ownership of productive assets. Equity and profits from the new energy systems and local land development will flow to each citizen.
Net profits will be distributed to the citizen-owners from the sales of by-products generated from an E-Macrosystem ARES and manufacturing center. By-product sales include: green Premium Power to the grid (demanded by the pharmaceutical and computer chip industries, among others), potable water, medical oxygen, clean hydrogen, methanol, paraffins, other carbonaceous products, and through the emissions-free disposal of medical and hazardous industrial waste, agricultural waste, and biomass. Additionally, each E-Macrosystem has leasable floor space.
The MECLC plan initiates commercialization of ARES technologies developed in the U.S. space and defense programs. ARES involve solar fuel cell regeneration, waste steam reforming systems, and coal-based complex thermal composite materials for construction. MECLC's turnkey pilot project is ready for final design and construction under the professional oversight of Equitech International, LLC and Whiting Turner Construction Company, a top 5 U.S. construction and bonding firm.
The Hon. Alvin Parks, Mayor of East St. Louis, IL and the Hon. Nathaniel O'Bannon, Mayor of Brooklyn, IL, will be joined by a team of technology advisors to outline the initiative and subsequently will hand deliver a letter for President Obama, outlining the detail of the plan.
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Other individuals who will be available at the press conference to answer questions regarding the MECLC project:
• Mr. Dean Price, Chairman and Agent for Equitech International, LLC (EI) & ARES, LLC, former University Architect, Georgetown University, Principal Investigator and creator for first academic building 300kW Solar (1983); the first Liquid Fueled Fuel Cell Heavy Duty Bus (30ft), providing the basis for Georgetown's on-going Advanced Vehicle Department. Price managed the University's program for the Solar Fuel Cell Regeneration proof-of-Concept at Edwards AFB, CA, with NASA / JPL.Location of the Press Conference:
• Dr. Norman Kurland, pioneer in employee-owned stock plans (ESOPs), leader in establishing for-profit community investment corporations: Managing Director, Equity Expansion International consultants. Co-founder of a Washington-based think tank, Center for Economic and Social Justice.
• Mr. Richard Vogel, EI Chief Executive Construction Manager; Senior Vice President of the Whiting-Turner Contracting Company, a top-5 construction firm, Whiting-Turner has 29 offices nationwide, revenues of $3.9 billion, and a $4 billion bonding capacity.
• Mr. Clarence Pearson, FAIA Architect and EI CEO for Architecture and Engineering, faculty and former Chairman, University of the District of Columbia; background in continuing education in commercial code and contract law, computer-aided architectural design and management, interactive computer systems, and construction management. He has worked on a wide variety of very large convention centers, correctional institution master planning, custom-designed residences and apartment complexes.
• Mr. Jay Laskin, EI Vice President, Fuel Cells and Related Components Research; President of HyEnergy Consulting, LLC, Baltimore MD, an enterprise to provide technical, sales, and marketing expertise related to a wide variety of hydrogen businesses, products and usage; retired from Teledyne Energy Systems Inc. as Director of Marketing and Sales where he was responsible for all commercial / industrial product sales, and overall engineering services, worldwide distribution and sales networks; extensive experience with development and application engineering, manufacturing, scheduling, quality control, and financial management.
• Dr. Marvin Warshay, retired Chief of the Power Propulsion Electro-Chemical Technology Branch, and Chief of Solar Dynamic Programs at NASA Lewis (now Glenn) Research Center; managed all the major development of fuel cell systems and batteries for NASA; he managed DOE, DOD, ARPA and contributed to Georgetown University's Fuel Cell Bus Program.
• Mr. Richard Theodor Kusiolek: EI Telecommunications Chief; President and Chairman of TransGlobal Net, Inc. (TGN); more than 20 years of experience in the voice data convergence with a focus on Satellite and Terrestrial wireless communications networks, quick cycle technology new product introductions, project management, and strategic marketing management; TGN Company was sponsored under the Clinton Administration's Advanced Technology Program in 1994; the proposal was the catalyst for the many initiatives that enhanced the Information Highway.
• Bonnie Horner-Mueller, EI Senior Telecommunications Consultant, CEO Vidisolutions, Inc. Ms. Horner-Mueller was president and chairman of FreBon International. She has in-depth experience in providing advanced specialized communications, video-conferencing, and telemedicine communities.
National Press Building
529 14th Street NW (corner of 14th and F St)
13th Floor
Washington, DC 20045