Enviro Voraxial Technology Signs Marketing Agreement to Distribute Water Treatment System in China
FORT LAUDERDALE, Fla., Jan. 9 /PRNewswire-FirstCall/ --
Enviro Voraxial Technology, Inc. (OTC Bulletin Board: EVTN) reported today
that it has signed a Representation Agreement with Genesis Technology Group,
Inc. (OTC Bulletin Board: GTEC) to market the Company's proprietary Voraxial
Separator and the Modular Wastewater Processor in China. The Company's
signing is in response to a global effort to address and remedy the water
crisis throughout all countries, including China. Estimating that 40% of the
world population (more than 2 billion people) currently face water shortages,
the United Nations has declared 2003 to be the "Year of Fresh Water." U.N.
figures show that water use has increased at more than twice the rate of
population growth.
In just one of the EEC Directives, Urban Waste Water Treatment
(91/271/EEC), one estimated cost of compliance in just ten candidate countries
is projected at EUR 50 billion. With the Olympic Games scheduled in Beijing
in 2008, the Chinese State Council has approved a five-year plan with funding
of $85 billion for environmental cleanups and development projects, including
approximately $29 billion for new water treatment projects alone, and just
this month announced new very strict quotas governing water use and recycling
for many specific industries. The high installation and maintenance costs of
conventional sewerage systems have resulted in an almost universal trend
toward implementing decentralized water treatment systems as the method to
address the water shortages and treatment issues.
As stated in the LA Times, the rising concerns add up to a global business
with $300 billion in annual revenue that is growing 10% each year. The
Environmental Protection Agency and municipal utility groups agree that more
than $500 billion of investment just in U.S. water and sewer infrastructure
will be needed in the next 20 years.
"We have negotiated in earnest with EVTN since our September seminar in
Orlando to secure its patented technology for China," said Gary Wolfson,
C.E.O. of Genesis Technology Group. "At that gathering, with a large
delegation from Beijing and eight U.S. companies, we were greatly impressed by
the EVTN demonstration of its water treatment and separator technology. The
events occurring throughout the world, and particularly China, make it a
perfect time to introduce EVTN's technology to China by utilizing our
extensive contacts in that country."
John A. Di Bella, Director of Business Development of Enviro Voraxial
Technology, stated, "We continue to strive to develop relationships with
companies that have the ability to distribute our technology in various
markets throughout the world. EVTN's Modular Wastewater Processor represents
the state-of-the-art technology to fill the growing need for decentralized
on-site and cluster applications in all countries, including China. Based on
the recent testing and success of the Modular Wastewater Processor in Europe,
we believe EVTN's technology will effectively address the needs of the Chinese
industries and communities in their efforts to clean and recycle water
effectively and affordably."
About Enviro Voraxial Technology
Enviro Voraxial Technology, Inc.'s patented Voraxial Separator is a
continuous flow turbo machine that efficiently separates mixtures of fluids or
fluids and solids at extremely high flow rates while achieving very high
levels of purity. The Voraxial Separator technology is scaleable and nearly
universal in its implementation, thus making it applicable to almost any
industry separation process. The technological superiority of the Voraxial
Separator over conventional technologies is in its ability to produce a real-
time, high "g" centrifugal force to yield a high-purity product or products at
a volume of 8 to over 1,000,000 gallons per minute. EVTN has and is
continuing to develop and market its Voraxial Separator as stand-alone
technology as well as incorporate it into self-contained, complete treatment
systems for multiple applications. Please visit evtn.com .
About Genesis Technology Group, Inc.
Genesis Technology Group is a business development firm that fosters
bilateral commerce between companies in the United States and Europe with
those in China. Genesis has created successful profit centers in product
development, manufacturing, distribution, joint ventures and operational
services. Genesis has established effective working relationships with
various governmental agencies, public institutions, and private industries in
China at both national and provincial levels. The Company also aims to play a
key role in assisting small to mid-size Chinese private companies that desire
growth, to expand their business with the financial and operational support of
the Genesis. For more information on the Company and its original research
paper entitled "The Water Crisis in China, 2003," please visit
genesis-technology.net .
Safe Harbor Disclosure -- This Press Release contains or incorporates by
reference "forward-looking statements," including certain information with
respect to plans and strategies of Enviro Voraxial Technology, Inc. For this
purpose, any statements regarding this announcement, which are not purely
historical, are forward-looking statements, within the meaning of the Private
Securities Litigation Reform Act of 1995, including Enviro Voraxial
Technology, Inc. beliefs, expectations, hopes or intentions regarding the
future. All forward-looking statements are made as of the date hereof and are
based on information available to Enviro Voraxial Technology, Inc. as of such
date. There are a number of important factors that could cause actual events
or actual results of Enviro Voraxial and its subsidiaries to differ materially
from those indicated by such forward-looking statements.
CONTACT:
Enviro Voraxial Technology, Inc., Fort Lauderdale
Alberto Di Bella/John A. Di Bella, 954-958-9968
E-mail: info@evtn.com
Company web site: evtn.com
Kenneth Clinton, Vice President
Company: Genesis Technology Group, Inc.
Voice: 561-988-9880, ext. 302
E-mail: kclinton@genesis-technology.net |
