Diversified Industries Reports Major Oil Companies Buying DVS 6000.EDMONTON, Alberta -- Diversified Industries Ltd. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:DVS DVS Det Vill Säga (Swedish) DVS Descriptive Video Service DVS Dynamic Voltage Scaling DVS Driver and Vehicle Services (Minnesota) DVS Digital Video System DVS Digital Video Services ) -- the company continues to turn field trials for DVS 6000, its innovative hydrogen sulphide (H2S H2S Hydrogen Sulfide H2S How to Succeed in Business Without Really Trying (Also abbreviated H2$) H2S Heart to Soul (song) ) scavenger, into sales. Additional sales have now been made to several major oil companies, including Canadian Crude Separators, Husky Energy, Acclaim Energy, Exxon Mobile and Talisman Energy. "Over the last 90 days Diversified has seen a significant increase in sales of DVS 6000, reflecting the growing market acceptance of our new product," said Stephen Davis, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "We have recently invoiced over $50,000 for product used in field trials alone. Also, we have just received a $40,000 order from one of our clients, based on the positive results being produced in these field trials." said Mr. Davis. "As we continue to deliver positive results in a variety of applications, the orders will continue to increase." DVS 6000 is being used to neutralize H2S by direct injection into oil wells and flow lines and as an additive to tanker loads of sour water, sour oil and sour mixtures of oil and water. Very effective at neutralizing H2S and mercaptans mercaptans organic mercurial compounds, used as fungicides on plants and animals. See captan. , it is being used to decontaminate de·con·tam·i·nate tr.v. de·con·tam·i·nat·ed, de·con·tam·i·nat·ing, de·con·tam·i·nates 1. To eliminate contamination in. 2. H2S in vessels, tanks and towers, and to neutralize H2S and mercaptans in vent gases, vapors and natural gas. DVS 6000 is a user friendly product that is non-corrosive, non-flammable and contains no formaldehyde, it has a - 45C freeze point. An additional benefit for users is that DVS 6000 is not regulated by Transportation of Dangerous Goods Act as dictated by Transport Canada. DVS 6000 can be shipped by land, sea or air. Diversified Industries continues to work with a variety of customers in the oil and gas industry in Canada, the United States and abroad, demonstrating the use of DVS 6000, which it markets as the safest and easiest-to-use H2S scavenger on the market. Diversified is headquartered in Edmonton, Alberta, where it recently established its product development and marketing facility. Statements made in this news release that relate to future plans, expectations, events or performances are forward-looking statements. Such statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. does not accept responsibility for the adequacy or accuracy of this release. |
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