Green Oasis Environmental (GRNO) in U.K. Agreement with London-Based Environmental Energy Consulting
CHARLESTON, S.C., Jul 18, 2001 /PRNewswire via COMTEX/ -- Green Oasis
Environmental, Inc. (OTC Bulletin Board: GRNO) announced today the signing on
April 25, 2001 of an Exclusive Representation and Operating Agreement with
Environmental Energy Consulting Ltd. (EEC). This agreement allows EEC to market
GRNO's proprietary technology within the United Kingdom. Under the terms of the
agreement, Green Oasis intends to acquire a minority interest of up to ten
percent (10%) of the operating company being formed by EEC that will own and
operate a number of Model 1000 plants in the UK.
GRNO will work closely with EEC regarding additional market opportunities in
Europe in areas where EEC is already active.
"EEC is very pleased with the new alliance it has developed with Green Oasis and
the planned introduction of its first Green Oasis facility in the U.K." stated
John A. Taylor, President, of Environmental Energy Consulting. "It is perfect
timing, as government agencies will now have a positive answer to a potentially
massive and hazardous waste disposal problem. New anti-pollution directives
banning the burning of waste oils as low grade fuels were recently mandated by
law and are about to be implemented in the U.K. and Europe with no clear
solution to the anticipated growing glut of millions of gallons of waste oil.
The unique advantage that Green Oasis Environmental Inc. offers EEC is a proven,
environmentally safe, cost-efficient, and effective method of converting this
waste into other useful products."
"Our alliance with GRNO, its proven EnviroEconomics(R) proprietary technology,
and little competition gives us a significant advantage in positioning EEC to
become the market leader in the UK waste oil treatment market," stated Taylor.
"With that goal in mind, EEC and GRNO chose the Port of London for its first
flagship facility because of its location and proximity to the government
agencies, which are actively encouraging recycling technologies that
specifically provide environmental benefits. From the results of preliminary
meetings with various government agencies, EEC is quite confident that the
environmental benefits and advanced technology of GRNO equipment fit well with
the current development program of the port, particularly as it is expected that
both land-based and marine applications can be readily served from EEC's
strategically located site. EEC is confident that its agreement with GRNO will
ensure strategic growth and profitability for both companies."
About Environmental Energy Consulting
Environmental Energy Consulting is a privately held U.K.-based company formed
specifically to partner with Green Oasis Environmental Inc. Its senior
management team has experience and expertise in the supply and operation of oil
fields and chemical processing equipment as well as transportation and
distribution. EEC also has strategic alliances with companies involved in oil
field operations in many parts of Africa and Scandinavia and expects that these
alliances will provide fruitful opportunities to sell and operate
EnviroEconomics(R) equipment and technology.
About Green Oasis Environmental Inc.
Founded in 1991, Green Oasis Environmental Inc. is a publicly traded company
(OTC Bulletin Board: GRNO.OB) which designs, develops, and manufactures fully
computerized units which contain the Company's proprietary EnviroEconomics(R)
System, a fully patented waste oil distillation process which converts waste oil
into marketable fuel products such as #2 diesel oil and heating oil in a
one-step process of thermal cracking and distillation, techniques which are
well-known in the refining industry. The EnviroEconomics(R) System can be
located on less than a one acre site and the Company offers a choice of output
capacities which comply with EPA and other related governmental regulations.
Applications for the company's end products are primarily industrial, including
process heating systems, rail, marine, farm usage, and over-the-road vehicles
(cars, buses, and trucks). The Company's proprietary technology was
independently selected by a United Nations committee and showcased in a book
published in 1995 identifying new proprietary technologies which developing
countries could use to protect their environments. GOE markets its technology
directly and through Agency relationships and strategic alliances. For
additional technical information, visit the Company's website:
greenoasis.com.
This release contains forward-looking statements that are subject to risks and
uncertainties. Forward-looking statements include information concerning the
financial condition, results of operations, plans, objectives, future
performance and business of Green Oasis. Green Oasis includes forward-looking
statements in descriptions of future earnings and cash flows, anticipated
capital expenditures and management strategies, plans and objectives. Statements
preceded by, followed by or that include the words "believes," "expects,"
"anticipates" or similar expressions are generally considered to be
forward-looking statements.
Forward-looking statements involve both known and unknown risks and
uncertainties and actual results or performance may therefore differ materially
from the expected results or performance expressed or implied by the
forward-looking statements. The following important factors and risks could
affect Green Oasis' actual results or performance. Primary risk factors include,
but are not limited to: competitors in the market, changes in regulatory policy,
changes in the price and demand for the products produced by the Company's
technology, a shortage of waste oil feed stock, lack of availability of
manufacturing materials, lack of qualified staff, and a lack of availability of
third party financing for customers. In light of these risks and uncertainties
the events discussed in this release may not occur. Green Oasis undertakes no
obligation to publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
For additional information, contact:
Green Oasis Environmental Inc., 843-722-5771 or by email:
grno@bellsouth.net
Environmental Energy Consulting, +011-44-1-494-721212 or by e-mail:
enviroenergy@btinternet.com |
