VISTA Issues Update on Progress in Current Quarter
Denver, CO - December 15, 2009
-- Vista International Technologies, Inc. (OTC BB: VVIT),
is pleased to give investors an update on the
company's operations for the current quarter, and provide information on the company's debt settlement and
funding efforts. This update is in line with the company's policy of greater transparency and increased dialogue
with the public.
The company is ahead of plan on revenues so far this quarter, having taken in roughly $215,000 through the week
ended December 4th. Tire volume at the Hutchins facility has held up well through what is normally the beginning
of the seasonally slow winter season. The company is following through on its corporate restructuring plan for the
facility, and is preparing the Hutchins site for its permit renewal process with the state of Texas.
The company's debt settlement plan is also coming in ahead of schedule this quarter. The company has settled
roughly $200,000 in debt in the current quarter for approximately $80,000, a 40% settlement rate. CEO Thomas
Pfisterer remarked." The combination of outperformance at the Hutchins facility and continued reduction in the
corporate debt load have given the company a solid start to the quarter. As the company works through the month
of December, the focus will be on completion of the corporate restructuring and preparing the company for deployment
of its next-generation Thermal Gasifier unit in 2010."
To speed the completion of the corporate restructuring, make the necessary improvements to plant and equipment, and
aid in the payment of debt settlements, the company has raised additional capital by way of direct equity investments
into the company. Direct investments in excess of $65,000 have been received in the past few days.
For additional information on the company or the contents of this release, please contact Dana Chaves at 303 690 8300,
¨C Thomas P. Pfisterer,