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Outstanding Shares: 98,331,098 as of 2006-07-20
The company is in the oil and gas exploration services industry. RSLI is continuing development of a patented water treatment process that has been discharged in oil and gas exploration. The process makes the water safe for disposal back into the environment. The company has focused on testing in the Powder River Basin of Wyoming and Montana where Coal Bed Methane (CBM) exploration is prominent. The company has leased additional technology from Lawrence Livermore Laboratories, the leading U.S. Department of Energy research laboratory. By combining technologies, RSLI's prototype is able to remove sodium, barium arsenic and any other contaminant containing a positive or negative ionic charge. The end user of this technology is any oil gas exploration entity that has to apply for permit to drill and subsequently has to present a plan to any Department of Environmental Quality or regulatory agency to show how discharged water will be treated.
Posts: 655 | From: Louisville,Ky | Registered: Dec 2005
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RSLI - Russell Industries to Become Fully Reporting OTCBB Company Jul 6, 2006 10:52:00 AM
HOUSTON, TX -- (MARKET WIRE) -- 07/06/06 -- Russell Industries, Inc. (PINKSHEETS: RSLI) announced today that it has begun the process of becoming fully reporting and upgrading its classification to Bulletin Board. "Russell Industries can reach a greater investor audience, further its strategic goals and enhance shareholder value by having the opportunity to have its stock quoted as a fully reporting OTC:BB," said Rick Berman, CEO of Russell Industries. "We have the infrastructure in place to make this move and I believe it is an important step for us to take as we begin to execute the early phase of our strategic business plan."
Russell Industries was cleared for PK quotation on April 6, 2006. The company's symbol is RSLI. The company is headquartered in The Woodlands, Texas and has a wholly owned subsidiary that will serve as the operating company located in Sheridan, Wyoming. The President and CEO of the company is Rick Berman.
Posts: 655 | From: Louisville,Ky | Registered: Dec 2005
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Looks very good Shortterm volume was big yesterday hopefully the same today
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Just spoke to Chery who is listed at the bottom of the last couple press releases for RSLI, sounds like a pretty legit company. Basically they trap methane from escaping into the enviroment when drilling for O&G. Evidently there cost is a bit less than the current rates of .40-.50 cents per barrel, they can do it for around .20. She said the move to the OTC is definetly in the works and should be completed in about 3 months time. They are looking for investors currently to fund the project which is currently being tested. Sounds very interesting, there is a video of the process that shareholders can view and she is sending me the link.
Posts: 655 | From: Louisville,Ky | Registered: Dec 2005
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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