SEVT news:
Monday April 24, 11:32 am Eastern Time
Company Press Release
SOURCE: Summit Environmental Corporation, Inc.
Summit Reports the Successful Testing
of FlameOut(R) at the ANSUL Fire
Testing Facility
LONGVIEW, Texas, April 24 /PRNewswire/ -- Summit Environmental Corporation, Inc. (OTC
Bulletin Board: SEVT - news) announced, on April 20, the successful testing of FlameOut© at the ANSUL Fire Testing Facility in Marinette, Wisconsin, April 11 - 13.
FlameOut©, one of only seven permanently US-EPA approved replacements for the globally banned fire-fighting agent Halon, which is UL listed according to NFPA 18 - UL 162 and UL 711 - Number 7P21.
Summit has become a member of the NFPA 18 Task Group whose purpose is to standardize the testing procedures. There are about 20 products in the market place, which tout some of the capabilities of FlameOut©. Many of the invited products chose not to attend due to the testing procedure established for the event.
FlameOut© was the only product tested which successfully proved to be an encapsulator and possessed emulsification capabilities. Emulsification is an important aspect when fuel spills occur and renders flammable liquids non- flammable prior to the fire for prevention purposes.
The type of testing conducted provided Summit with some excellent footage for its up and coming nationwide news broadcast.
In related news, Summit CEO, Keith Parker, reports the correction of a 144 stock registration sale. On January 20, 2000, Virginia Freda Dischiavo was listed as registering 8,403,494 shares for sale.
Mr. Parker contacted ``Vickers Stock Research' explaining that Ms. Dischiavo was the holder of 125,000 shares of SEVT, as is shown in the company's SB2-S4 SEC registration. Insiders are restricted to the sale of 1% of the total outstanding shares per 90 days period. Previously, Ms.
Dischiavo registered 75,200 shares, which were posted on 8-23-1999 by Vickers. This left a balance of 49,800 of the original 125,000 shares, which was correctly reported on 3-3-2000, again by Vickers.
For more information contact Keith Parker, CEO, at 800-522-7841.
EXCEPT FOR THE HISTORICAL INFORMATION CONTAINED HEREIN, THE MATTERS
SET FORTH IN TODAY'S PRESENTATION ARE FORWARD-LOOKING STATEMENTS
WITHIN THE MEANING OF THE ``SAFE HARBOR' PROVISIONS OF THE PRIVATE
SECURITIES LITIGATION REFORM ACT OF 1995. THESE FORWARD-LOOKING
STATEMENTS ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT MAY CAUSE
ACTUAL RESULTS TO DIFFER MATERIALLY. THESE FORWARD-LOOKING
STATEMENTS SPEAK ONLY AS OF THE DATE HEREIN. SUMMIT DISCLAIMS ANY
INTENT OR OBLIGATION TO UPDATE THESE FORWARD-LOOKING STATEMENTS.
SOURCE: Summit Environmental Corporation, Inc. |
