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To: Patsyw who wrote (84048)	5/11/2001 4:09:37 PM
From: Ted M	Respond to of 150070

ICTK. This looks like big news, today: Friday May 11, 1:01 pm Eastern Time Press Release ICTK Licensee Reaches Agreement With Kuwait On Oilfield ``Collider'' Technology TULSA, Okla.--(BUSINESS WIRE)---May 11, 2001---International Cavitation Technologies, Inc. (OTCBB:ICTK - news) announced today that Universal Environmental Technologies, Inc. (``UET''), an ICTK licensee with exclusive rights to market ICTK's Ion Collider(TM) technology in Kuwait, signed a Memorandum of Agreement to treat over 300 million barrels of water in 60 injection wells in the Kuwaiti oilfields. UET and ICTK will first verify the patented technology for four specific applications, including enhancement of water flood ``sweep efficiency'' at Kuwait's new Petroleum Research and Studies Centre in Al-Ahmadi. ``We are pleased at the opportunity to apply our technology in one of the world's largest oil provinces,'' said ICTK President, Monroe A. Ashworth, III. ``Upon completion of applications testing in 60 to 90 days, we anticipate the need for production of nearly 300 'collider units,' which along with our technical assistance would be expected to represent nearly $14 million in revenue for the company,'' Ashworth continued. The ``Ion Collider'' technology, a mechanical cold catalyst, carries its own patent for crude oil enhancement, utilizing cavitation and sonification to permanently change the molecular structure of organic fluids and gases. International Cavitation Technologies Inc. owns the patents and the worldwide rights to proprietary technology with a vast array of applications, including enhanced oil and gas production, dredging, environmental remediation, separation, waste minimization, wastewater treatment, air-conditioning and a variety of oil field applications. The Ion Collider(TM) technology has proven its ability to remove contaminants from a variety of matrices in significantly less time and at lower costs than traditional environmental technologies. Additional information concerning ICTK can be found on the Internet at www.IonCollider.com. This press release includes statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and information currently available and are believed to be reasonable and are made in good faith. However, the forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected in the statements. Factors that may make the actual results differ from anticipated results include, but are not limited to, economic conditions; competition from other providers of similar products; and other uncertainties, all of which are difficult to predict and some of which are beyond control of ICTK. For these reasons, you should not rely on these forward-looking statements when making investment decisions. The words ``expect,'' ``believe,'' ``project,'' ``anticipate,'' ``intend,'' ``should,'' ``could,'' and variations of such words and similar expressions, are intended to identify forward-looking statements. Information on factors that may affect the business and financial results of the Company can be found in filings of the Company made with the SEC. We do not undertake any obligation to update publicly any forward-looking statement, either as a result of new information, future events or otherwise. -------------------------------------------------------------------------------- Contact: International Cavitation Technologies Inc., Tulsa Investor Relations Department, 918/369-5950 Fax: 918/369-6215 www.ioncollider.com BigBlue@olp.net Enviroadv@aol.com Email this story - Most-emailed articles - Most-viewed articles