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ESTT Signs Letter of Intent With National Environmental Remediation Service, Inc.


Business/Technology Editors, Environmental Writers

Environmental Strategies & Technologies International Inc. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:ESTT ESTT Equivalent Safety Task Team ) announced today the signing of a Letter of Intent with National Environmental Remediation Service, Inc. (NERS NERS Nuclear Engineering and Radiological Sciences
NERS North Atlantic European Routeing Scheme
NERS National Emergency Response Structure
) for a Joint Venture Agreement.

Samir Hirji, President of ESTT said, "NERS has a very good track record in the environmental remediation industry, and we look forward to working with them to acquire and service their clients. Working with NERS is our first step in building out the remediation sector of our business to complement our core competency in environmental consulting and management."

NERS, based in the Syracuse, New York
This is the article about the city in New York State. For the city in Sicily, see Syracuse, Sicily. For all other meanings, see Syracuse (disambiguation).


Syracuse (IPA:
 area, is a minority owned, full service industrial contracting and environmental service company. Originally specializing in thermal system insulation and asbestos abatement, NERS has expanded into hazardous remediation operations, underground storage tank An Underground Storage Tank (UST), in United States environmental law, is a tank and any underground piping connected to the tank that has at least 10 percent of its combined volume underground.  cleaning and removal, and many other areas. NERS has a technical, professional and managerial staff exceeding 75 employees, who have provided services to Eastman Kodak & Co., Niagra Mohawk, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries)  and Bristol Meyers.

Both companies intend to perform their due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired.  with regard to this Agreement in an expedited fashion.

Susan Wallace, ESTT 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.  commented: "Remediation of contaminated sites and the prevention of future contamination is essential to the safety and security of Americans. We are very excited to be doing our part."

Environmental Strategies & Technologies International Inc., is a holding company designed to invest in environmental technologies and corporations that will cross-sell and promote within its focused portfolio of products and services.

This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the 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.
 created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. In particular, there is no assurance that reserves, production, pricing levels or other factors pertaining to the manufacturing and retail operations will be sustained at the expected rates or levels over time. Discussions of factors, which may affect future results, are contained in the Company's most recent SEC filings on Forms 10-Q and 10-K.

Under no circumstances does this press release constitute an offer to sell or a solicitation of an offer to buy the securities of the Company described in this press release in which such offer, solicitation or sale of securities would be unlawful prior to registration, qualification or filing under the securities laws of any jurisdiction.
COPYRIGHT 2002 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jun 25, 2002
Words:454
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