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ENVIRO-ENERGY CORP: Key Developments
All Developments Earnings Announcements Product Announcements
August 14, 2002
Enviro-Energy Corporation announced that its wholly owned subsidiary, Energy Flow Management Incorporated (EFMI), has received a Letter of Intent and Preliminary Order for the Company's proprietary Bio-Mass Anaerobic Digestion System for installation at a Pennsylvania dairy.
July 22, 2002
Enviro-Energy Corporation announced that Thomas Bowers has become Board Chairman and CEO/President, replacing Galen Loven.
July 18, 2002
Enviro-Energy Corporation announced that Energy Flow Management Inc. (EFMI), its wholly owned subsidiary operation of the Tillamook, Oregon Bio Mass System (Anaerobic Digester) for conversion of animal waste to electrical power through the production of methane gas has exceeded initial projections.
July 11, 2002
Enviro-Energy Corporation announced that Energy Flow Management Inc., its wholly owned subsidiary, has successfully completed the initial start-up of the Tillamook, Oregon Bio Mass System (Anaerobic Digester) for conversion of animal waste to electrical power through the production of methane gas.
June 04, 2002
Enviro-Energy Corporation announced that its wholly owned subsidiary, Energy Flow Management, Inc. (EFMI), reported new contracts worth $1,935,000. This new business is under Colvico, Inc., EFMI's Spokane, WA-based subsidiary, maintaining its current backlog at approximately $10,000,000. Enviro-Energy Corporation further announced that it has opened its new corporate offices at 3808 N. Sullivan, #N-15, Suite 201, Spokane, WA 99216. This 2900-square-foot facility will house consolidated corporate offices for Enviro-Energy Corporation and Energy Flow Management, Inc. EFMI reports that its first biomass conversion plant continues commissioning procedures.
April 04, 2002
Enviro-Energy Corporation and J.W. Reed, Inc. (Reed) jointly announced that they have reached an agreement concerning the acquisition of Environmental Reclamation, Inc. (ERI). Reed is acquiring Enviro's 50.3% interest in ERI for $150,000 and 5,000,000 common shares of Reed, representing a carried interest in Reed of approximately 9.9% for Enviro. Enviro has agreed to distribute a substantial amount of the 5,000,000 shares it receives to its shareholders by way of a special dividend.
March 20, 2002
Enviro-Energy Corporation and J.W. Reed, Inc., a private investment company, jointly confirmed that they have reached an agreement in principle concerning the development and recapitalization of Environmental Reclamation, Inc. (ERI), a subsidiary of Enviro-Energy Corporation. The parties anticipate concluding the agreement on or before June 30, 2002. Negotiations are focused on increasing the capitalization of ERI, positioning ERI to acquire new contracts and establishing formalized joint ventures between ERI and companies capable of enhancing ERI's technical and operating resources. J.W. Reed anticipates taking a primary role in arranging and participating in the joint ventures, and will acquire a controlling interest in ERI pursuant to the agreement.
March 04, 2002
Energy Flow Management, Inc. (EFMI), a wholly owned subsidiary of Enviro-Energy Corporation, announced that it has released new order activity forcing an upgrade of its 2002 estimates by $8,600,000. Total revenue forecast for Enviro-Energy Corporation is subsequently upgraded to $53,600,000. During the week ending March 1st, 2002, the Company presented its Enviro-Energy Bio-Waste-To-Energy Systems at the New Mexico Ag Expo held in Portales, New Mexico. Order interest was immediate and intensive, generating a substantial inventory of prospects expected to order within the next 30 days and an immediate $1,600,000 order for a 2000 head dairy located in Texas. EFMI has further entered into an agreement with a real estate development company based in Western Washington State for a series of Systems. The agreement calls for immediate delivery of one skid mounted Enviro-Energy Bio-Waste-To-Energy System with provisions for an additional 5 larger scale Systems this year. The customer has placed no upper limit to the total number of Systems. Although final numbers will depend upon the location of each System, EFMI values the 6 System package at $7,000,000.
February 08, 2002
Enviro-Energy Corporation announced that following the acquisition of Colvico, Inc., its wholly owned subsidiary, Energy Flow Management Inc. (EFMI) has commenced construction of its first Enviro-Energy Systems bio-waste-to-energy plant. This system is being constructed to fill an order for a full line waste treatment and power generation plant for a 250 cow dairy operation in the Portland, Oregon area. It will be the first commercial installation for these proprietary systems. EFMI expects to finish and install the unit by May 30, 2002.
January 31, 2002
Enviro-Energy Corporation announced that its wholly owned subsidiary Energy Flow Management, Inc. has completed its purchase of Colvico, Inc.
January 15, 2002
Enviro-Energy Corporation announced that its wholly owned subsidiary, Energy Flow Management Inc., has entered into an agreement to acquire 100% of Colvico, Inc., a Pacific Northwest based company specializing in conventional and alternative energy/co-generation systems installation and maintenance. This $4,000,000 purchase will be funded with preferred shares from Enviro-Energy Corporation.
January 08, 2002
Enviro-Energy Corporation announced that its environmental reclamation and remediation subsidiary, Environmental Reclamation Inc. has been selected as the designated primary operating sub contractor in a new 5 year, task order, emergency response contract awarded by the EPA for Region 10.
September 24, 2001
Enviro-Energy Corporation announced that it has booked orders for two more dairies for its ENVIRO-ENERGY SYSTEM, bringing the order backlog to more than 2,100 head of cattle, exceeding its fourth-quarter estimates of 1,750 head.
September 17, 2001
Enviro-Energy Corporation announced that it has received a signed order for its first ENVIRO-ENERGY SYSTEM. The first system order is for a 1200 head dairy farm located close to Seattle, in the midst of a concentration of dairy operations serving western Washington. Construction is scheduled to commence this month, with completion targeted for January 2002.
August 13, 2001
Enviro-Energy Corporation announced that it continues to expect third quarter 2001 revenue of $3.2 million.
July 26, 2001
Enviro-Energy Corporation announced that it has closed its purchase of Energy Flow Management Inc. for 1,000,000 restricted shares of the Company. The principle asset of EFMI is a patented process for Advanced Anaerobic Digestion of Bio-masses (AADS), producing usable by-products and electrical energy. The Company will use EFMI as its principal operating unit for deploying its recently announced Enviro-Energy Systems.
July 16, 2001
ThermaFreeze, Inc. announced that it has changed its name to Enviro-Energy Corporation.
June 28, 2001
ThermaFreeze, Inc. announced that it has finalized its core business strategy and will proceed to fulfill its commitments within this program. ENVIRO-ENERGY is a process designed to produce significant amounts of low-cost electrical energy by treating animal waste streams generated by agri-business, reduce by up to 65% water requirements of dairy/hog producers, and economically process grain straw. First production units are anticipated being "in place" by October of this year.
June 20, 2001
ThermaFreeze, Inc. announced that its European subsidiary, Environmental Reclamation Services Ltd. (ERS), has been awarded a contract to treat soil and groundwater for Alcan, at its David's Loan Rolling Mill site in Falkirk, Scotland. Starting June 24, 2001, this contract with Alcan Rolled Products Ltd. is expected to be worth in excess of $250,000.
June 04, 2001
ThermaFreeze, Inc. announced that sales for the second quarter of 2001 are expected to reach $1,500,000, up 370% from the first quarter of $405,905. The Company also expects earnings to be close to breakeven for this period.
May 22, 2001
ThermaFreeze, Inc. announced that it has made a strategic entry into environmental services for the pulp and paper industry, large plants and mill sites. The Company has entered into Letters Of Intent to acquire 100% of Western Construction and Excavating, Inc. and an 8 acre parcel of M1 zoned land suitable for staging on site remediation and land fill services for the Lewiston, Idaho operations of Potlatch, one of the nation's most environmentally advanced pulp, paper and lumber mills.
May 22, 2001
ThermaFreeze, Inc. announced that it is proceeding with its acquisition of Energy Flow Management, Inc. (EFMI) as the first step in a planned series of transactions designed to establish ThermaFreeze as a significant player in alternative energy programs.
May 14, 2001
ThermaFreeze, Inc. announced that its subsidiary Environmental Reclamation, Inc. (ERI) has been awarded a three-year extension to its existing participation in the Residential Soils Remediation Contract at the Bunker Hill Superfund Site in Kellogg, Idaho. Based upon previous years, the contract is worth approximately $12 million over the next three years to the Company. The primary focus of the remedial action is to remove lead contaminated soils from the residential areas of the Superfund site. The work plan calls for a specific capping and/or removal procedure to reduce the potential exposure pathway created by soils containing elevated metal concentrations.
May 01, 2001
ThermaFreeze, Inc. announced that its Glasgow based subsidiary has made significant progress in it's Chromium VI Bio-Reduction Project. ERS was recently awarded a contract to develop a biological solution for the City of Glasgow, Scotland's sites contaminated with hexavalent chromium.
March 22, 2001
ThermaFreeze, Inc. announced it has entered into an ambitious program to build, sell and/or lease a patent protected machine called the "HydraFreezer" that is capable of delivering on-site to the packager-shipper, hydrated and frozen ThermaFreeze. This is by far, the most cost efficient and effective medium of shipping and preserving a host of temperature sensitive products, including all types of foods, flowers, medicines, pharmaceuticals and human organs.
March 13, 2001
ThermaFreeze, Inc. reported that it has accepted further tenders of Environmental Reclamation Inc. (ERI). In two separate transactions the Company has increased its ownership of ERI to 71%. The purchase of the additional shares of ERI were under the same terms and conditions of the initial purchase of control of ERI reported in a press release of 02/28/01.
March 02, 2001
ThermaFreeze, Inc. announced that its recently acquired subsidiary, Environmental Reclamation Inc. (ERI), through its Glasgow based UK subsidiary Environmental Reclamation Services Ltd., has been awarded a contract to undertake a remediation project for a Scotland based major oil and gas industry client. The first phase of the project is worth approximately $300,000. The contract to install and operate a diesel recovery, and in-situ bioremediation scheme, follows on from the Site Investigation and Remediation Design contract that ERS was awarded last year.
February 28, 2001
ThermaFreeze, Inc. has acquired in excess of 51% of Environmental Reclamation Services Ltd. (ERI), an Ontario, Canada corporation with an Idaho home office, engaged in the remediation and clean up of heavy metals in soil and hazardous wastes, in an exchange of stock with non-Canadian Shareholders of ERI and based upon ERI's book value of C$0.25 per share. ThermaFreeze issued a total of 3,153,743 restricted shares of its authorized but unissued common stock in this transaction.
February 20, 2001
ThermaFreeze, Inc.'s newly acquired soil stabilization and solidification technology (IESCRETE) has been selected for a full field test in Montana by MSE Technologies. This test will take place in 2001.
February 12, 2001
ThermaFreeze, Inc. announced that it has acquired an advanced soil stabilization and solidification technology developed under the name IESCRETE for 500,000 one-year restricted common shares of the Company. IESCRETE is a proprietary system for treating, stabilizing and encapsulating a variety of soils contaminated by organic and inorganic toxins. The stabilized end product may be safely left in place or reused in semi-structural ways (such as for road base). Applications for IESCRETE are extensive, with particular opportunities in the oil and mining industries.
February 02, 2001
ThermaFreeze, Inc. announced that it has retained the services of Phoenix Group Consultants, Inc. to help it investigate several possibilities of increasing its business stature. These include, but are not limited to, merger, acquisition and/or capital infusion.
February 01, 2001
ThermaFreeze, Inc. announced that it is re-evaluating its business plan and is committed to providing additional opportunities for its shareholders. The Company is now investigating a number of various opportunities to increase shareholder value. These include, but are not limited to, merger, acquisition, and/or capital infusion. The Company anticipates rapid developments to occur over the next 30 to 60 days.
December 19, 2000
ThermaFreeze, Inc. announced that it has formed a joint development project with a company with which it plans to form a joint venture company with, combining ThermaFreeze refrigerant in a new product set. The new packaging system will protect temperature sensitive critical shipments such as clinical laboratory specimens, blood and human organs during transits up to 2-days. ThermaFreeze refrigerant can replace gel packs or dry ice, which are considered hazardous materials by carriers. Initial tests have been 100% successful. The proposed joint venture company will market this new temperature sensitive pharmaceutical protection system to all worldwide pharmaceutical, medical and biotech companies.
November 13, 2000
ThermaFreeze, Inc. announced a preliminary verbal agreement with one of the top 5 worldwide freight forwarders and logistics support companies to use ThermaFreeze refrigerant for current customers and provide ThermaFreeze refrigerant for new business expansion. Based in Europe, the Company operates in cities of more than 80 countries as a problem solver, including developing solutions for temperature sensitive shipment and delivery of products ranging from foods to pharmaceuticals.
October 31, 2000
ThermaFreeze, Inc. announced the completion of its licensed joint venture with DeliverSafe Inc. for worldwide, exclusive rights to the proprietary, patent-pending ThermaFreeze refrigerant for perishable food shipments and deliveries. DeliverSafe will both value add process a "ready to use" frozen ThermaFreeze refrigerant and manufacture the balance of the shipping/delivery systems of the patent-pending packaging. $500,000 initial license fee has been paid by DeliverSafe to secure the license and jointly profit from more than $10,000,000 of worldwide customers' purchase order forecasts for completion within the next 12 to 18 months.
May 15, 2000
ThermaFreeze, Inc. announced the signing of an exclusive license for the ThermaFreeze Patent Pending perishable food delivery/shipping system with DeliverSafe.Com, Inc. of Los Angeles, California. An initial License fee of $250,000 has been paid with the balance of $7.75 million to be paid from a 50/50 division of investment receipts from a current DeliverSafe.Com Private Placement and anticipated near term IPO. The license agreement also requires ThermFreeze, Inc. to transfer all food customers and prospective food customers to DeliverSafe.Com.
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