--NEWS--
(PR NEWSWIRE) Green Oasis Environmental (GRNO) Acquires Interest in UK Operat
Green Oasis Environmental (GRNO) Acquires Interest in UK Operating Company, and
EEC Doubles Capacity of First Plant
CHARLESTON, S.C., Aug. 13 /PRNewswire/ -- Green Oasis Environmental, Inc.
(GOE) (OTC: GRNO) announced today that London-based Environmental Energy
Consulting (EEC) has issued GOE a 10% interest in the operating company which
EEC intends to list on AIM, the London stock exchange.
GOE participated in meetings held in London on July 25 and 26, 2001, with
EEC and their appointed consulting engineers. After reviewing reports
detailing the availability of waste oil in the United Kingdom, specifically
the South East of England, all parties concluded that a facility with double
the capacity or the originally planned unit would be required to service the
projected market. Construction of the EEC plant with a processing capacity of
3000 gallons per hour is scheduled to begin in October, 2001, with
installation to be completed in early 2002.
A mandated directive in the European Economic Community requires that the
burning of all waste oils be discontinued by the year 2005. This directive is
expected to have a very positive impact on the implementation of the GOE
technology in the LJK and Europe.
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: GRNO) 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
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SOURCE Green Oasis Environmental, Inc.
-0- 08/13/2001
/CONTACT: Green Oasis Environmental Inc., +1-843-722-5771,
grno@bellsouth.net, or Environmental Energy Consulting, +011-44-1-494-721212
enviroenergy@btinternet.com/
/Web site: greenoasis.com
(GRNO)
CO: Green Oasis Environmental, Inc.; Environmental Energy Consulting; GOE
ST: South Carolina, England
IN: ENV
SU: TNM |
