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EnviroXtract Renews Interest In Environmentally Safe Oil Sands Extraction And Upgrading Technologies
EnviroXtract (Pink Sheets: EVXA) is pleased to announce renewed Canadian interest in its 'green' environmental oil sands extraction and upgrading technology applications.
The proprietary plasma enhanced process is very economical in its electrical energy consumption and is anticipated to operate at near zero-cost when configured for co-generation of electrical power. Gasification of bitumen during processing may provide on-site generators the necessary fuel to produce the electrical energy necessary for processing oil sands. Armed with the ability to generate its own power, EnviroXtract envisions the technology to be capable of tractor/trailer mobilization directly onto the mining sites for extraction and upgrading of bitumen at any location. Trucks or pipelines may transport the upgraded bitumen directly from the mining sites to awaiting refineries.
EnviroXtract is disappointed to announce that GolfGear International, Inc. (Pink Sheets: GEAR) has defaulted on its Licensing Agreement to utilize the Company's proprietary ore processing technology and to fund the relocation of the Company's Operations and Processing Center to Arizona. GEAR provided none of the funds guaranteed to EnviroXtract under the terms of the Agreement. GEAR has simultaneously defaulted on its Agreement with Mission Holdings to fund and develop the Silver Cord Mine. Upon these defaults by GEAR, EnviroXtract has secured an Agreement with Mission Holdings to directly process gold and silver ore concentrates from the Silver Cord Mine under a Royalty fee arrangement. The Company still anticipates relocating its processing facilities to Arizona, and is currently in negotiations to process gold ore concentrates for a major gold mine holding over $1 billion in proven reserves. Management anticipates that additional announcements will soon be forthcoming.
This information contains statements, which may constitute “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of EnviroXtract, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
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EnviroXtract, Inc. (Pink Sheets: EVXA) is a US Public Company Focused on Environmental Energy, Oil and Chemical Cleanup, and Ore Processing Technologies.