Daleco Resources Announces Strategic Alliance.WEST CHESTER, Pa. -- Daleco Resources Corporation (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :DLOV): Dov Amir, Chairman of the Board and Chief Executive Officer, announced today that the Company has signed a multi-party Market and Product Development Agreement with EEC EEC: see European Economic Community. North America LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ("EEC NA") of Blue Bell, Pennsylvania Blue Bell is a census-designated place (CDP) in Whitpain Township in Montgomery County, Pennsylvania, in the United States. As of the 2000 census, its population was 6,395. , Enviro/Sci Corporation ("ESC See escape character and escape key. See also ESC/P. ESC - escape ") of Southeastern, PA and Organica Biotech, Inc. ("Organica") of Norristown, PA. Mr. Amir stated that the execution of the agreement establishes a strategic alliance among the parties for the development of products and services for the water and wastewater industries. Gary Novinskie, President of Daleco, stated that the execution of the Market and Product Development Agreement will expanded opportunities for the Company to introduce not only its Zeolitic Ze`o`lit´ic a. 1. Of or pertaining to a zeolite; consisting of, or resembling, a zeolite. based CA Series Engineered Products but also for future product designed to take advantage of the products, services and technical resources of its alliance partners. He noted that preliminary inter-company discussions have already identified several new market opportunities for the alliance partners to introduce bundled products and services. EEC North America LLC is an industry leader in the development of packaged wastewater plants using propriety high-speed biological treatment systems. Enviro/Sci Corporation is a recognized expert in the environmental field specializing in consulting services for the water and wastewater industries. Organica Biotech, Inc. is a leader in the development of advanced bioengineering bioengineering Application of engineering principles and equipment to biology and medicine. It includes the development and fabrication of life-support systems for underwater and space exploration, devices for medical treatment (see products for agricultural commercial and industrial applications. Daleco Resources Corporation is an international asset and technology aggregation and monetization company with operating subsidiaries active in oil and gas, timber, minerals and technology in the information and environmental sectors. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. for Forward-Looking Statements: Except for historical information contained herein, the statements in this Press Release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in the future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product price volatility, product demand, market competition, risk inherent in the Company's domestic and international operations, imprecision in estimating product reserves and the Company's ability to replace and expand its holdings. |
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