DEAR PAULLLLLIEEEEEEEEER
WE ARE HERE NOW!!!!!!
COCONINO S.M.A. SUBSIDIARY
TO BEGIN CLASS V WASTE DISPOSAL
Salt Lake City, Utah. September 30, 1998. The Enviro-Tec,
Inc. subsidiary
of Coconino S.M.A., Inc. (OTC BB: CSMA) has completed the
workover process
at its Blue Bench 13-1 Injection Well in Duchesne, Utah.
As announced
earlier this year, Enviro-Tec's disposal facility will now
be able to
accept a greater variety of liquid wastes. Significantly
higher disposal
fees will become the norm, and revenues for this company
are expected to
increase dramatically for the remainder of the current
fiscal year and
beyond.
The company announced that their first new customer has
begun waste
delivery to the Enviro-Tec facility. This customer has
committed to ship
approximately 120 barrels of waste each week for at least
one year at a
price of $18.90 per barrel. This amounts to just under
$118,000 in
anticipated revenues from that source alone for the twelve
month period.
"After a series of frustrating delays, we're finally ready
to go, and we're
getting under way in impressive fashion," said Robert
Pettit, President of
Enviro-Tec, Inc. "We have worked very closely with Utah's
Division of
Environmental Quality and the Water Quality Board to insure
that this
facility is exactly what the regulatory authorities of Utah
expect it to
be. We intend that our Blue Bench well serve as a showcase
for solutions
to certain environmentally sensitive waste disposal
issues."
Pettit went on to say that the well "is the only facility
in the entire
state that can accept Class V waste. That means it can
accept effluent
from frozen food processing plants, feed lot facilities,
meat and poultry
processors, and a variety of petroleum-related businesses
as long as the
material we receive meets a compliance profile mandated by
Utah State
regulations."
The readiness of the Enviro-Tec facility should please many
Utah residents
who have voiced concerns about a perceived lack of
acceptable disposal
options for certain kinds of wastes. "Some of this stuff
is pretty
offensive if it is placed in open air evaporative
facilities and its odor
is carried to populated areas," said Pettit. "There is
also some evidence
that processing wastes in that manner (evaporative pits)
may ultimately
affect underground water resources. Our material will be
injected nearly a
mile and a half into the earth. It's out of sight, it
cannot adversely
affect the water table, and nobody can smell it."
Shareholders of Coconino S.M.A., Inc., a Salt Lake
City-based mini
conglomerate, have been awaiting this development ever
since application
was first made to the state of Utah for the expanded permit
in late1996.
The parent company announced in August its intent to spin
off this
subsidiary. It will also spin of its Ad-Hatters subsidiary
at the same
time. Though the new shares will initially be restricted,
shareholders may
find the timing of this announcement comforting in
anticipation of future
Enviro-Tec, Inc. share prices which are likely to reflect
company revenues.
For further information, please contact Coconino SMA's
investor relations
representative, Michael Millis, at Irvine Capital &
Communications.
Telephone (949) 733-9218, (800) 733-0087, or fax (949)
786-8208, or email
to: irvinecapcom@worldnet.att.net.
HUGS AND KISSES EVERYONE |
