Diversified Industries is Turning Field Trials Into Sales for 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 ) is turning field trials for DVS 6000, its innovative hydrogen sulphide hydrogen sulphide Noun a colourless poisonous gas with an odour of rotten eggs (H2S H2S Hydrogen Sulfide H2S How to Succeed in Business Without Really Trying (Also abbreviated H2$) H2S Heart to Soul (song) ) scavenger, into sales. The company recently received its first major commitment from an oil and gas customer for the exclusive use of DVS 6000 at all of its facilities that receive sour liquid hydrocarbons. Diversified expects that sales to current clients who have adopted the use of DVS 6000 for treating sour liquids will generate over $1 million in revenue over the next 6 to 12 months. "Sales of DVS 6000 are expected to continue to grow rapidly," says Pamela Maze, V.P. Sales and Marketing " over the next 6 to 12 months." "These sales expectations are based on expanding the product's marketing program, which is currently focused on existing sales accounts and on the positive results from customer trials when treating sour liquids like sour water and sour liquid hydrocarbons." The January / February 2005 issue of NICKLE'S New Technology Magazine features an article focused on confirming the safety benefits and the effectiveness of using DVS 6000. This independent article highlights several positive comments and quotes from existing clients in the oil and gas industry using DVS 6000 (the article can be viewed online at: www.ntm.nickles.com ). Diversified continues to work with a variety of customers in the oil and gas industry in Canada and the United States The United States and Canada share a unique legal relationship. U.S. law looks northward with a mixture of optimism and cooperation, viewing Canada as an integral part of U.S. economic and environmental policy. , demonstrating the use of DVS 6000 which it markets as the safest and easiest-to-use H2S scavenger on the market. Diversified has proven through numerous trials over the last two years that DVS 6000 effectively neutralizes H2S and mercaptans mercaptans organic mercurial compounds, used as fungicides on plants and animals. See captan. in a variety of applications, including storage tanks, pipelines, gas plants, refineries, tank-mounted and truck-mounted scrubbers, and other oil and gas facilities and operations involving the handling of hydrogen sulphide contaminated contaminated, v 1. made radioactive by the addition of small quantities of radioactive material. 2. made contaminated by adding infective or radiographic materials. 3. an infective surface or object. liquids and gases. DVS 6000 is Diversified's lead product and is one of several proprietary technologies being developed and/or commercialized by the company, which is focusing on product applications for the oil and gas industry. Diversified is now 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. Diversified Industries Ltd. (TSX VENTURE:DVS) |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion