Ecoloclean Industries, Inc. Announces Contract to Supply One or More of Their Electrocoagulation Units to the United Kingdom Followng Successful Test Results
Monday April 23, 8:30 AM EDT
Ecoloclean Industries, Inc. (ECCI) announced today that as a result of the recent trip to the United Kingdom (England) where contaminated water samples were processed through one of our portable Electrocoagulation units and after being treated showed the capabilities to meet the discharge standards set by the British Government. A contract has been obtained and the Company will be shipping a complete Electrocoagulation Unit (EC Unit) to England to be placed at one of the working mines.
Under the terms of this contract, Ecoloclean Industries, Inc. will be shipping the EC Unit to England at their cost and upon arrival the unit will be placed at the mine location at the expense of the mine owner, Baseresult Holdings, Ltd. and Sivex, Ltd., our United Kingdom partner and representative. After installation, Ecoloclean Industries, Inc. will be treating contaminated water from this mine for a maximum period of six (6) weeks at a price of 3.50 pounds per cubic meter (264 gallons) or approximately $.03 per gallon. After that time, the contract will automatically roll into a 12 months contract continuing at the rate of 3.50 pounds per cubic meter and will be extendable for 4 more 12 month periods subject to be re-negotiable to an adjustable price per gallon based upon the yearly inflation factor.
Under the terms of this contract and the Sivex, Ltd. agreement the EC Unit will be operated and managed under the direction of Sivex, Ltd and all net revenues generated will be shared equally by Sivex, Ltd and Ecoloclean Industries, Inc. Projections furnished to management by Sivex, Ltd indicates that under this arrangement, revenues to the Company for our 50% share could approach between a minimum of $500,000 to a maximum of $1,050,000 annually per EC Unit employed.
At this time, this mine, The South Crofty, Cronwall, England contains approximately four million (4,000,000) gallons of contaminated water that has to be processed before it can be discharged into a nearby river. Once the contaminated water is treated and discharged there is an additional current daily inflow into the mine of approximately one million (1,000,000) gallons of contaminated water, which will have to be treated to continue to be allowed for the discharge to continue. British Government representatives will be monitoring all discharges on a continuing basis.
The Ecoloclean Industries, Inc. EC Unit has the capabilities of treating One Hundred Forty-Four Thousand (144,000) gallons of contaminated water per 24 hours. This volume of water capable of being treated is based upon the contaminates contained and based upon the appearance of the contaminated water treated on our recent visit, the unit may be able to treat a larger volume of water than is expected. Based upon the volumes of water (4,000,000) gallons contained in the mine presently and with an additional inflow of one million (1,000,000) gallons per day it is estimated that this project will involve the use of a total of 15-20 Electrocoagulation Units to fully handle the volumes of contaminated water that has been represented as being available to be treated.
Mr. Royis Ward, President and CEO of Ecoloclean Industries, Inc. (ECCI) states that, "The volumes of water represented to us are made available to be treated that this will be the opportunity that we all have worked for over the last three to four years." Mr. Ward further states that the first EC Unit will depart the US on June 3, 2007 aboard an ocean freighter and will arrive in the United Kingdom at South Hampton Docks within 3 weeks after being shipped. Upon arrival it will be off loaded to Sivex, Ltd who will deliver and install it on the mine project. At that point it will be necessary for Mr. Ward and Mr. Jerry Inman, Vice President of Research and Development to make another trip to England to coordinate the startup of the unit.
Mr. Ward further stated that in addition to the Crofty Mine project, Sivex, Ltd is in negotiations with three other similar projects in the same area and they expect additional contracts to be forthcoming on one or more of those projects. Those additional projects will necessitate the manufacture and funding of multiple additional EC units before they could be considered.
Further updates will be provided.
FORWARD-LOOKING SAFE HARBOR STATEMENTS: To the extent that this release discusses any expectations concerning future plans, financial results or performance, such statement are forward looking with the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities and Exchange Act of 1934, as amended, and are subject to substantial risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and reflect only management's belief and expectations based upon presently available information. These statement and other forward-looking statements are not guarantees of future performance and involve risks and uncertainties.
The Company assumes no obligation to update any of the forward-looking statements contained in this release.
ABOUT ECOLOCLEAN INDUSTRIES, INC:
Ecoloclean Industries, Inc. is the owner of two wholly owned subsidiaries, Ecoloclean Industries, Inc. and World Environmental Technologies, Inc. and utilizing various remediation techniques and technologies. Ecoloclean Industries, Inc. provides environmental waste remediation to treat and remove impurities in contaminated wastewater and/or polluted liquids and solids for a variety of industries, but not limited to, refineries, papers mills, petroleum and petrochemical industries. Ecoloclean Industries, Inc. has merged equipment and personnel in its subsidiaries to maximize the utilization of company resources. For more information about the Company, please visit http://www.ecoloclean.com.
I added to my position today for preparation of the breakout.
A reliable source talked to the company and they said that there are other contracts in the works and will be PRed if or when completed as well as filing for otcbb re-list, which would be easier for them, since they've been on the bb recently.... last year, the hurricane stocks broke out on MAY 8th, so I expect about the same this year........look for .10 in the next couple weeks IMO
Posts: 525 | From: nashville | Registered: Jun 2005
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quote:Originally posted by MillerTIME: LMAO, opindentree, renrobb, 100stacks, weatherbill, this is hilarious.
I tell these people - easy 50% or easy 100% and they continue to lose money in other stocks or make 5 and 10% moves.
Im sure yall feel the same. it just amazes me how there are so many traders that dont understand the profit oppurtunity.
Last year I was still a newbie and bought the big 3 at their highs. Sometime between September and December it clicked upstairs and I had a new plan. I saved, lurked and bought hard on the sly ECCI at .02 -.03 NSMG .07-.1 and WEGI avg .2 a little high but no worries there. Let me tell you it was a tough thing to do for a newbie who had just been burnt and cane prices crashing like they do off season. For me it seemed a no brainer its all there in the long term charts. This stragety takes patience, its not for the 1 day flipper. IMO at least 2 bagger from these levels w/OUT a storm.
Posts: 23 | From: Tx | Registered: Jan 2006
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Does anybody know what this SEC filing mean?
ECCI -- Ecoloclean Industries, Inc. Com ($0.001)
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
Certification and Notice of Termination of Registration under Section 12(g) of the Securities Exchange Act of 1934 or Suspension of Duty to File Reports under Sections 13 and 15(d) of the Securities Exchange Act of 1934
Common Stock - $0.0001 par value (Title of each class of securities covered by this Form)
(Titles of all other classes of securities for which a duty to file reports under section 13(a) or 15(d) remains) Please place an X in the box(es) to designate the appropriate rule provision(s) relied upon to terminate or suspend the duty to file reports:
Pursuant to the requirements of the Securities Exchange Act of 1934, ECOLOCLEAN INDUSTRIES, INC. has caused this certification/notice to be signed on its behalf by the undersigned duly authorized person.
DATE: May 3, 2007
BY: /s/ Royis Ward -------------- Royis Ward President
Posts: 41 | From: USA | Registered: Feb 2006
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Someone correct me if I'm wrong, but it looks like they're ceasing to file. But if they were alreday pink they weren't filing. Could this mean the stock itself is being discontinued? maybe I shouldn't have opened my mouth in the first place. Let someone with more experience figure it out
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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