To: ColleenB who wrote (58 ) 9/17/1998 8:09:00 PM From: Jeffrey L. Henken Respond to
Colleen, the CAPSCAN will offer purchasers both inventory control and leak detection. It will do this with greater accuracy and at a lower cost than any other system currently available. The EPA currently requires more than one leak detection device because no one prior to EVDS has been able to accurately monitor these tanks. Currently sensors have to be placed in at least 3 separate locations to have any chance of catching a leak before it becomes a big environmental problem. Without a doubt this is not only expensive but the accuracy is severely limited. The EPA is already well aware of the CAPSCAN devices potential. This is the reason why insurance companies like Lloyds of London are already preparing to offer a 15% discount to service station owner/operators on their manditory $1 million per year Environmental Impairment Laibility Insurance for using the CAPSCAN device. The CAPSCAN has been fully tested by Texaco at their regional headquarters in Kirkland Washington. EVDS is forming an advisory board that already includes Mr. James Bartel, formerly Texaco General Manager, International Marine, as well as Texaco's senior representative to Aramco, who has agreed to be the first member of the Board, as well as serving as its Chairman.biz.yahoo.com contract for all underground fuel systems, including islands and dispensers for 50 new stations being constructed as a joint venture of a major fast food chain and a major oil company , for an estimated revenue flow of $4.5 million over the next two years.InvestRight
