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Non-Tech : EVTC: Environmental Tech. Corp.

EVTC 29.47

-0.3%

Dec 29 3:59 PM EST

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From: Fuzzy	1/2/2002 6:27:30 PM
	of 4

EVTC to acquire waste treatment company FORT WORTH, Texas, Dec 31 (Reuters) - EVTC Inc. (NasdaqSC:EVTC - news) said on Monday it has a tentative agreement to acquire Innovative Waste Technologies Inc., which treats and recycles marine and industrial waste. EVTC, which sells refrigerants for air conditioners and refrigeration systems, said the deal involves a $1 million investment in its common stock, and is subject to shareholder approval and a definitive agreement. A spokesman for EVTC, based in Fort Worth, Texas, was not available for comment. EVTC's stock rose 17 cents to 33 cents shortly after midday on Nasdaq. It has traded in a range of 11 cents to $1.875 over the past year.

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