(COMTEX) B: Semper Resources Corp. Announces Major Commitment to Soil
B: Semper Resources Corp. Announces Major Commitment to Soil Reclamation
Projects
LOS ANGELES, Aug 31, 2000 (BUSINESS WIRE) -- Semper Resources Corp. (OTC
BB:SRCR) (www.semperresources.com) today announced that substantial progress has
been made toward positioning the company in key reclamation sectors.
Norad Corp., under an acquisition agreement with Semper, has issued an Intent to
Proceed to acquire a 20-acre contaminated soil remediation and recycling
facility in central California. Norad plans to develop this site as a showcase
facility to launch community- friendly soil reclamation sites throughout the
United States. This long-range program is representative of the cost-effective,
people- friendly answers to environmental problems approach that is central to
the emerging Semper culture.
Semper has recently negotiated the acquisition of a large-scale, documented
soil-washing system that it plans to add to the processing capacity of this
location. Semper has also initiated negotiations to acquire an additional 40
acres to add to the capacity of this location.
Norad also disclosed that it has received notice that, as a result of a major
DOE/EPA sponsored testing program, its IESCRETE(TM)soil stabilization and
solidification technology was selected as one of the best of 60 possible
technologies suitable for capping mine tailings. Norad further announced that it
has entered into a joint venture agreement with Infinite '99 Ltd. of Calgary,
Alberta, Canada in which Infinite and Norad will exploit IESCRETE(TM)
internationally. In addition to significant mining industry uses, IESCRETE(TM)
has many potential applications in the oil industry. Infinite will bring
valuable oil industry contacts and operating experience to the joint venture
that will be majority owned by Norad. Both companies have been developing
overseas markets for this technology and expect their combined efforts to mature
more quickly and cost effectively.
"Semper is dedicated to establishing a global presence as a major source of
innovative and cost effective alternatives to the fading U.S. land fill
mentality. During our formative years, our strategy should bring a number of
viable and very capable companies into our group providing operating and
technology platforms for profitable growth and expansion," stated Galen Loven,
CEO of Semper Resources.
"Success in this field requires a strong operating base and a sense of
community, from which we can demonstrate and enhance recycling and reclamation
processes designed to not only resolve pressing environmental issues, but also
enhance real and intrinsic land values. These announcements by companies who are
willing to bring their resources to Semper are indicative of both synergy and
internal growth capacities of our roll up model. We anticipate that the pace of
our growth will accelerate during the next year or two as we continue to expand
the breadth and depth of our company and its presence as a complete
`design-to-build' environmental services company."
Safe Harbor Statement:
Some paragraphs of this press release, particularly those describing Semper
Resources' strategies, sales, operating expense reductions and business plans,
contain forward-looking statements within the meaning of Section 27A of the
Securities Act of 1993, as amended and Securities Act of 1933, as amended and
Section 21E of the Securities Exchange Act of 1934, amended. While Semper
Resources is working to achieve those goals, actual results could differ
materially from those projected in the forward-looking statements as a result of
a number of factors, including difficulties in marketing its products and
services, need for capital, competition from other companies and other factors,
any of which could have an adverse effect on the business plans of the
subsidiary companies of Semper, the plans of Semper itself, its reputation in
the industry, or its expected financial return from operations. Factors such as
these could have an adverse effect on Semper's results from operations. In light
of significant uncertainties inherent in forward-looking statements included
herein, the inclusion of such information should not be regarded as a
representation by Semper Resources Corporation, and its subsidiaries, that it
will be achieved.
CONTACT: Semper Resources Corp.
G. Loven, 509/535-4514
gdl@semperresources.com
or
Brokers'Choice
L. Johnson, 509/624 1523
ir@semperresources.com
or
Wall Street Financial Enterprises
D. Wilson, 407/672 4848
dmw1258@mail.com
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KEYWORD: CALIFORNIA CANADA INTERNATIONAL
INDUSTRY KEYWORD: ENVIRONMENT
SOFTWARE
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