FORT LAUDERDALE, Fla., Sept. 25, 2003 (PRIMEZONE) -- Tekron, Inc. (OTCBB:TKRN), www.tekron-inc.com, today announced that the Company will begin services to execute project activities in bioremediation and environmental engineering services for private and public clients.
TEKRON, Inc. (TEKRON) and Sub Surface Waste Management, Inc. (OTCBB:SSWM) have signed an agreement whereby Tekron will provide SSWM with captive and referral project contracts for property redevelopment, industry and public agency compliance and government enforcement to address environmental impacts. SSWM and its parent U.S. Microbics, Inc. will provide engineering, marketing, project management, U.S. Patented treatment processes, microbial production support and proprietary microbial blends for bioremediation of a wide consortium of waste streams such as Chlorinated Solvents, MTBE, Creosotes/Coal Tars and Hydrocarbons.
The Agreement provides a five year renewable term for proprietary products, processes, business and trade secrets protection. Both parties agree to either act as prime contractor (TEKRON) and subcontractor (SSWM) or share project revenues and profits proportionally.
The full Agreement is subject to approval by the Board of Directors of each party.
About Tekron:
To receive company news release via e-mail, mail to info@tekron-inc.com.
Tekron, Inc., http://www.tekron-inc.com, and its subsidiaries are engaged in the commitment to the preservation of the environment through the use of ecologically safe and efficient technology.
The information contained in this press release may contain ``forward-looking statements" within the meaning of the U.S. Federal Securities Laws. Such statements are based on the current expectations of the management of Tekron, Inc. only, and actual results may differ materially.
The Canadian Venture Exchange has not reviewed and does not accept responsibility for the accuracy of this news release. U.S. SEC exemption number is 12g3-2 (b) 82-5137. Special Note: Management believes certain statements in his press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of management's views and assumptions regarding future events and business performance as of the time the statements are made. Actual results may differ from those expressed or implied. Such differences may result from actions taken by the company prior to its current fiscal year end, as well as from developments beyond the company's control, including changes in global economic conditions that may, among other things, affect the performance of the company's anticipated acquisitions or future business. In addition, changes in domestic competitive and economic conditions may also affect performance of all significant company businesses.