American Soil Technologies Announces Exclusive Distributorship Agreement with Stockhausen Inc.Business Editors PASADENA, Calif.--(BUSINESS WIRE)--Aug. 21, 2002 American Soil Technologies Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : SOYL) announced today that it has entered into an exclusive distributorship agreement with Stockhausen Inc. in the agricultural industry. Carl Ranno, the president and chief executive officer of American Soil Technologies, stated, "The agreement with Stockhausen Inc. includes the states of New Mexico New Mexico, state in the SW United States. At its northwestern corner are the so-called Four Corners, where Colorado, New Mexico, Arizona, and Utah meet at right angles; New Mexico is also bordered by Oklahoma (NE), Texas (E, S), and Mexico (S). , Colorado, Wyoming, Montana, Idaho, Iowa, Washington, Oregon, California, Nevada, Arizona, Kansas, Texas, North Dakota North Dakota, state in the N central United States. It is bordered by Minnesota, across the Red River of the North (E), South Dakota (S), Montana (W), and the Canadian provinces of Saskatchewan and Manitoba (N). , South Dakota South Dakota (dəkō`tə), state in the N central United States. It is bordered by North Dakota (N), Minnesota and Iowa (E), Nebraska (S), and Wyoming and Montana (W). and Nebraska. Additional geographical territories may be added as mutually agreed by the parties." Ranno went on to state, "We are very pleased to have this opportunity to distribute the Stockhausen products in that they are of the highest quality cross-link and linear polymer products available for water and nutrient nutrient /nu·tri·ent/ (noo´tre-int) 1. nourishing; providing nutrition. 2. a food or other substance that provides energy or building material for the survival and growth of a living organism. retention in the agricultural industry. The use of these products results in reduced water usage, increased crop yield and they are environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1] . "We anticipate a substantial increase in our revenues because of this exclusive agreement." About Stockhausen Inc. Stockhausen Inc. is located in Greensboro, N.C., and is a division of Degussa, a Germany-based corporation. It has over 100 years of manufacturing experience and more than 50 years of research and product development. The producers of STOCKOSORB(R) and STOCKOPAM(R) have earned a reputation as a solid, worldwide market leader. One in four Stockhausen employees, over 250 scientists, engineers, and technicians, is devoted to research and development. The company's leading edge toxicological and ecotoxicological laboratories ensure that products are safe for use and environmentally compatible. Stockhausen is committed to the development of new technologies that make use of their vast experience and knowledge in the application of polymer systems. Customers are partners in the process of designing effective and value-added products. About American Soil Technologies Inc. American Soil Technologies develops, manufactures and markets cutting-edge technology that decreases the need for water in agriculture and other plant growing environments while increasing crop yield and reducing the environmental damage caused by common farming practices. The company also holds exclusive rights to a soil washing technology that removes hydrocarbon hydrocarbon (hī'drōkär`bən), any organic compound composed solely of the elements hydrogen and carbon. The hydrocarbons differ both in the total number of carbon and hydrogen atoms in their molecules and in the proportion of hydrogen contaminants from soil. More product information can be found on the corporate Web site, located at www.americansoiltech.com. This release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of Section 27A of the Securities Act of 1933, as amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. , and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof here·of adv. Of this. hereof Adverb Formal or law of or concerning this Adv. 1. hereof - of or concerning this; "the twigs hereof are physic" . In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements. |
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