Universal Ice Blast Meets SEC Approval for Form 10-SB
KIRKLAND, Wash., Oct. 18 /CNW/ -- Universal Ice Blast, Inc., a
manufacturer of proprietary ice blast technology, announces today that the
SEC has officially approved its Form 10-SB. Since May 17, 2000, the company's
Common Stock has been reported on the National Quotation Bureau's electronic
pink sheets. Upon learning of the SEC approval the company has reapplied for
listing of its Common Stock on the NASD Over-the-counter Bulletin Board
(OTC/BB).
"We are pleased that we have completed this part of our regulatory
requirements. As a fully reporting company on the Bulletin Board, we envisage
greater demand and liquidity for our stock. Another positive result of being
on the OTC/BB will enable the company to engage in financing at prices
reflective of the real value of the company. We are working towards
qualifying the company for a listing on the NASDAQ small cap market," states
company CEO, Rory Clarke.
Universal Ice Blast's worldwide market opportunities embrace its core
products. Company estimates the total market for its products exceeds
$2 billion and considers a time line of 10 to 15 years to achieve this,
providing appropriate financing. New market opportunities emerge
continuously, and the existing product-line includes mobile and stationary
cleaning systems that have application for bio-chemical cleaning. These
products have direct implication for the military today. The company is
actively seeking partners for this market.
The company also announces that it has recently been issued its third
patent. The company has four applications for patents currently underway.
"Our suite of patents will allow us to dominate our chosen markets, seize new
markets as they emerge and simultaneously increase our protection against
future competitors" says Clarke.
To learn more about Universal Ice Blast, Inc., please check out our
website at www.iceblast.net. Universal Ice Blast, Inc. a manufacturer of
chemical-free, dust-free, VOC-free ice blast machines.
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