Enviro Voraxial Technology to Expand Relationship with Maritime Solutions, Inc.Business Editors DEERFIELD BEACH Deerfield Beach, town (1990 pop. 46,325), Broward co., SE Fla., on the Atlantic coast; inc. 1925. The development of high-technology industry and commerce expanded the town and more than doubled its population between 1970 and 1990. , Fla.--(BUSINESS WIRE)--July 27, 2000 Enviro Voraxial Technology Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :EVTN) announced today that the company has begun discussions with Maritime Solutions Inc. to strategize methods in which the two companies will begin marketing their system for the treatment of ballast water to the shipping industry. Currently Maritime Solutions Inc. retains the worldwide distribution rights to market Enviro's Voraxial Separator (VAS vas (vas) pl. va´ sa [L.] vessel.va´sal vas aber´rans 1. a blind tubule sometimes connected with the epididymis; a vestigial mesonephric tubule. 2. ) for Marine Environment Liquid Separation applications. "After the progress which has been made by Maritime Solutions to develop a feasible technology to eliminate the introduction of invasive marine organisms, we felt the time was right for us to look at ways in which we could maximize the long term benefits for both of our companies," said Alberto Di Bella, 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. of Enviro Voraxial Technology, Inc. Christopher Constantine, President of Maritime Solutions stated, "Current ballast water management practices prescribed by the International Maritime Organization International Maritime Organization (IMO), specialized agency of the United Nations established in 1948, with headquarters in London and 158 member nations. IMO is one of the smallest of the UN agencies. (IMO "In my opinion." See IMHO and digispeak. IMO - IMHO ) are mostly voluntary at this time, however regulations are expected to become mandatory in the near future. We feel that our system, which is built around the ability of the VAS to prepare enormous volumes of ballast water for secondary treatment, gives us a unique ability in the marketplace." The discharge of ballast water has been identified as a primary mechanism for the introduction of unwanted invasive marine species into territorial waters territorial waters: see waters, territorial. territorial waters Waters under the sovereign jurisdiction of a nation or state, including both marginal sea and inland waters. . Thus, the management and treatment of ballast water to eliminate the undesirable introduction of non-indigenous species of marine organisms is now a growing environmental and economic concern of global proportions. It is estimated that the introduction of the zebra mussel alone, into the waters of the Great Lakes, has caused over 5 billion dollars in damages. Other concerns now include the introduction of the Chinese mitten crab The Chinese mitten crab (Eriocheir sinensis), also known as big binding crab (大閘蟹) and Shanghai hairy crab (上海毛蟹), is a medium-sized burrowing crab found in the coastal estuaries of eastern Asia from along the West Coast which is threatening California's water distribution system and endangering salmon runs. A further example is the periodic introduction of the pathogenic bacterium, Vibrio vibrio Any of a group of aquatic, comma-shaped bacteria in the family Vibrionaceae. Some species cause serious diseases in humans and other animals. They are gram-negative (see cholera along the waters of the U.S. Gulf Coast and its associated human health hazard health hazard Occupational safety Any agent or activity posing a potential hazard to health. Cf Physical hazard. . "I cannot express enough my delight in having the level of experience that the team at Maritime Solutions brings to us," said Albert Di Bella, "I am hopeful that we can build a very strong and long-lasting relationship between us." Maritime Solutions is led by its President, Christopher P. Constantine and Vice President, Richard E. Fredricks, each with over thirty years experience in the management, operations, marketing, and financing in the international maritime industry. Its Director of Environmental Research, Dr. Jeffrey G. Miner, has 25 years experience in academic research and environmental consulting with emphasis in marine invasive species and their impacts on environments. About Enviro Voraxial Technology: Enviro Voraxial Technology, Inc. is the owner of the patented Voraxial Separator Technology. The Voraxial Separator is a continuous flow turbo machine that separates a mixture of fluids or fluids and solids at high flow rates while achieving levels of purity through the utilization of a strong centrifugal force or vortex. The Voraxial Separator's scalability, efficiency and effectiveness allow it to be used in any industry where separation is needed. Enviro Voraxial Technology's web pages may be viewed at http://www.evtn.com. About Maritime Solutions: Maritime Solutions, Inc was established in 1998 to introduce advanced technologies to the international marine and environmental marketplace thereby providing more effective solutions to traditional marine and environmental problems. From its onset, Maritime Solutions targeted select areas of activity that demand the application of improved technology including oil/water separation for waste stream minimization, oil dispersant dis·per·sant n. Chemistry A liquid or gas added to a mixture to promote dispersion or to maintain dispersed particles in suspension. capability for marine spill response, and fire fighting capability for emergency response. Maritime Solutions' web pages may be viewed at http://www.maritimesolutions.com. 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. Disclosure - This Press Release contains or incorporates by reference "forward-looking statements," including certain information with respect to plans and strategies of Enviro Voraxial Technology, Inc. For this purpose, any statements regarding this announcement, which are not purely historical, are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, including Enviro Voraxial Technology, Inc. beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and based on information available to Enviro Voraxial Technology, Inc. as of such date. There are a number of important factors that could cause actual events or actual results of Enviro Voraxial and its subsidiaries to differ materially from those indicated by such forward-looking statements. |
|
||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion