FORT WORTH, Texas, April 9, 2008 (PRIME NEWSWIRE) -- Ecoloclean Industries, Inc. (Pink Sheets:ECCI) announced this morning that additional resources and investments will focus exclusively on Texas locations. Royis Ward, Chairman and CEO of Ecoloclean Industries, Inc., is certain that moving additional resources will provide the best return for the E-C WaterPure System(tm), the Company, technology, and investors.
According to Mr. Ward, "We have already announced our strategy to accelerate acceptance and contract acquisitions for ECCI in Texas. There has been a great deal of excitement about all of the potential applications and uses for our E-C WaterPure System(tm). Now is the time for us to move from successful practical application testing to successful returns for our Company. Currently, we are in discussions with leading companies in the industry and believe a contract will be forthcoming. We are committing all possible resources, people and financial reserves to this important strategy. We are moving one of our team members to the field to be on the ground full-time and we are investing more in marketing and communication materials to realize our strategy."
As has been previously reported, the choice of the Barnett Shale, as the focal point of the expansion and launch of Ecoloclean Industries and the E-C WaterPure System(tm) is due in part to the size of the field, and the use of the hydraulic fracturing process. Discovered in 1981, the Barnett Shale (field) encompasses five thousand square miles, across 18 counties near Dallas / Ft. Worth. This is one of the largest natural gas deposits in the United States, but to extract the gas at volumes that are economical and efficient, production companies must use the hydraulic fracturing process. The process utilizes millions of gallons of water for each well. Of the water pumped into the wells, approximately 80 percent of the water returns to the surface as waste. Historically, the recovered water is discarded in disposal wells due to its saline content. The cost of this current form of wastewater disposal is in excess of $1.2 billion per year to the industry.
The gas industry in partnership with communities, institutions, and regulatory agencies, has become more aggressive about testing and employing measures to conserve and recycle water. The ongoing drought over the past few years has required communities to rely more heavily on the aquifer beneath the Barnett Shale. The scale of the drought and the water required for industry has made water conservation essential to the health of the communities.
In the Barnett Field, there are currently 7,000 gas wells operating and additional 4,350-permitted locations. The market for the E-C WaterPure System(tm) E-C technology fits very well with the fracturing of both new wells, and older wells that can be re-fractured multiple times and produce for many years.
ABOUT ECOLOCLEAN INDUSTRIES, INC:
Ecoloclean Industries, Inc. is the owner of two wholly owned subsidiaries, Ecoloclean Industries, Inc. and World Environmental Technologies, Inc., and utilizes various remediation techniques and technologies. Ecoloclean Industries, Inc., using the E-C WaterPure System(tm), provides environmental waste remediation to treat and remove impurities in contaminated wastewater and/or polluted liquids and solids for a variety of industries, including refineries, papers mills, petroleum and petrochemical industries. For more information about the Company, please visit http://www.ecoloclean.com.
FORWARD-LOOKING SAFE HARBOR STATEMENTS: To the extent that this release discusses any expectations concerning future plans, financial results or performance, such statements are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities and Exchange Act of 1934, as amended, and are subject to substantial risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and reflect only management's belief and expectations based upon presently available information. These statements and other forward-looking statements are not guarantees of future performance and involve risks and uncertainties. The Company assumes no obligation to update any of the forward-looking statements contained in this release.