One unconventional oil resource that has already proved commercially viable is Alberta's oil sands industry, which is currently producing 1 million bbl/day with production expected to increase to 2 million bbl/day within the next six to ten years.

"US oil shale resources possess the same characteristics of accessibility, richness, production assurance and high product quality as Alberta tar sand resources."(Is Oil Shale America's Answer to Peak-Oil Challenge? Bunger, Crawford and Johnson, Oil & Gas Journal, August 9, 2004).

Using the Canadian oil sands industry as a model, Chattanooga Corp has developed a strategy for gaining industry acceptance and commercialization of the Chattanooga Process technology for processing oil shale.

Having proven the efficacy of the Chattanooga Process for producing synthetic crude oil from oil shale, Chattanooga Corp is expanding partnerships with targeted energy producers, government agencies, banks and investors. Chattanooga Corp will build on these partnerships for the purpose of establishing commercial-scale facilities that will promote industry acceptance and broad adoption of Chattanooga Process technology worldwide. This is expected to create opportunities for licensing and royalty agreements that can generate significant and ongoing revenue streams for Chattanooga Corp.