Exhibit 99.04 - (Subsuquent Event) McKenzie Bay And T/J Technologies Plan To Develop And Commercialize Vanadium Electricity Technology BRIGHTON, Mich. & ANN ARBOR, Mich. -- Aug. 12, 2002 -- McKenzie Bay International Ltd. (OTCBB:MKBY) and T/J...Letter of Intent • August 14th, 2002 • McKenzie Bay International • Oil & gas field exploration services
BRIGHTON, Mich. & ANN ARBOR, Mich. -- Aug. 12, 2002 -- McKenzie Bay International Ltd. (OTCBB:MKBY) and T/J Technologies Inc "T/J" have signed a letter of intent to form Vanadium Power Solutions Inc, "VPS". Subject to MKBY's Board of Directors approval, a final definitive agreement will be prepared whereby T/J and MKBY will each own 50% of VPS. ADVERTISEMENT
