WEST NYACK, N.Y.--(BUSINESS WIRE)--Aug. 22, 1997--Solucorp
Industries Ltd. "The Company" (OTCBB: SLUP) announced today that its
newly formulated and patent pending MBS3000 Soil Remediation Process
is being unveiled for the first time ever.
Under the terms of an agreement signed with Mid Canada Soil
Treatment Ltd., Winnipeg, Canada, Solucorp will commence a full
scale remediation of chromium contaminated soil. In addition to the
MBS3000 "milestone," this clean-up is the company's first full scale
commercial clean-up in Canada.
The MBS3000 process is applied directly (in-situ) to
contaminated soils and sludges, eliminating costly excavation and
processing associated with soil removal from the ground prior to
treatment. This, of course, is highly cost effective and enables
the company to compete for the first time in a $600 million
"in-situ" annual remediation market.
The MBS3000 Technology adds to Solucorp's hazardous soil
remediation arsenal which already includes the Superfund Innovative
Technology Evaluation ("SITE") proven MBS(R) "ex-situ" hazardous
soil remediation process (News Release 8/11/97) and the MBS2000
"In-Line" remediation process (News Release 8/5/96).
Headquartered in West Nyack, N.Y., Solucorp Industries develops
products for environmental markets, with specific focus on solving
the problem of heavy metals contamination. The company's
patent-pending MBS process has been acknowledged as an innovative
and cost-efficient solution for remediating heavy metals in soil and
industrial slag, sludge and ash.
The foregoing discussion contains forward-looking statements
which are based on current expectations. Actual results, including
the timing and amount of revenues recognized, contracts awarded and
performed and net income, may differ due to such factors as: delays
in payment on contracts due to dealings with governmental and foreign
entities; fluctuations in operating costs associated with changes in
project specifications; economic and other conditions affecting the
ability of prospective customers to finance projects; and other risks
generally affecting the financing of projects. |
