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Microcap & Penny Stocks : AMCX - AMERICLEAN, INC. -- Ignore unavailable to you. Want to Upgrade?


To: ERay who wrote (127)3/21/1999 11:04:00 PM
From: Carl R.  Read Replies (1) | Respond to of 223
 
Why should it move? And if it moves, why should it move up?

Carl



To: ERay who wrote (127)5/6/1999 12:57:00 PM
From: Stephanie  Read Replies (1) | Respond to of 223
 
NEWS RELEASE

Date: May 6, 1999
Subject: Americlean Inc. Closes Acquisition Of Universal EnviroClean Systems, Inc.

Andrew Hromyk, Chairman and CEO of Americlean Inc. (OTCBB: AMCX), is pleased to announce that the acquisition of Universal EnviroClean Systems, Inc. announced March 19, 1999 has closed.

Universal, a southern California based dry-cleaning and commercial laundry consultancy and supplier, is an industry leader in the engineering and construction of environmentally friendly dry-cleaning and laundry plants. Additionally, Universal is the developer and owner of the proprietary chemical product line, EnviroClean. The company, with offices in Burbank, California, and Carmel, Indiana, had revenues of US$1.3 million with net profit of US$196,000.00 during fiscal year 1998 (unaudited).

Americlean is pleased to have secured the principals of Universal, Messrs. Hal Chenetz and Tom Abbett, who will continue, under management contract, their current role in overseeing the expansion of the EnviroClean distributor network in North America. These principals, combined, have over 60 years of industry specific experience, and have previously held senior management positions with some of North America's leading dry-cleaning suppliers.

”The acquisition of Universal positions Americlean to become the leading manufacturer and distributor of engineered hydrocarbon solvents and cleaning agents in North America. This provides the Company with yet another competitive advantage in the area of non-toxic, environmentally friendly, dry-cleaning and commercial laundry chemical formulations,” said Andrew Hromyk, Chairman and CEO of Americlean, Inc.

Americlean's proprietary EnviroClean line of hydrocarbon cleaning agents is a leading contender to replace perchloroethylene (perc), the solvent currently in use in over 90% of North America's 36,000 dry-cleaning plants. At the current rate of market penetration, use of this new, environmentally friendly solvent and product line will increase by 15-20% annually, and will be utilized by over 4000 dry-cleaners in North America by the end of the year 2000. The EnviroClean product line will place Americlean at the forefront of the fastest growing market segment of North America's $7 billion dry-cleaning industry.

AMERICLEAN INC. (OTCBB: AMCX) services the North American dry-cleaning industry, a seven billion dollar annual market which has consistently grown an average rate of 10% each year. The Company has combined the manufacture and supply of dry-cleaning products with hazardous waste services utilizing its proprietary recycling technology. As previously announced, Americlean recently acquired Boggs & Co., adding $14 million in annual revenues. Americlean's strategy is focused at consolidating this fragmented industry by supplying its products and services directly to the consumer. Americlean is approved for the Standard & Poor's Corporate Records listing.

Americlean Investor Relations
Toll Free: 1-800-585-0295
Web Site: www.americlean.net
E-Mail: ir@americlean.net

Forward-looking statements and comments herein are made pursuant to safe harbor provisions of the Securities Exchange Act of 1934. Such statements relating to, among other things, the prospects for the company to complete proposed transactions and enhance operating results, are necessarily subject to risks and uncertainties, some of which are significant in scope and nature.