LITTLE RIVER, S.C., April 2, 2013 (GLOBE NEWSWIRE) -- Integrated Environmental Technologies, Ltd. ("IET" or the "Company") (OTC Bulletin Board:IEVM), today provided a review of the Company's 2012 corporate activities and an overview of the Company's business strategy for 2013 in a letter to the Company's stockholders from David R. LaVance, the Company's President and Chief Executive Officer. The letter has been posted on the Company's website, www.ietltd.net. The contents of that letter are provided below.
Calendar year 2012 was a year of dramatic change and progress for IET. I am pleased to report that our team at IET has been working diligently over the past year to change the Company into a successful and valuable business by adopting, and now implementing, a new strategy focusing on certain chosen markets. This activity required fundamental changes in the way the Company operates, which include the following:
The Company also reviewed the many market opportunities for its anolyte solutions in order to determine those markets in which it has the greatest opportunity of selling significant amounts of its anolyte solutions at a satisfactory profit margin. At this time, we have focused our ongoing work on markets calling for "commercial" quantities of our anolyte solutions. This means bulk sales in barrels and totes, rather than sales by the gallon jug or quart bottle. The markets we have selected include three main focal points: Agriculture and Dairy, Oil and Gas, and Healthcare Facilities; and we have made advances in all three.
Our anolyte disinfecting solution is effective in eliminating many harmful bacteria and viruses, and we believe we have identified markets that can benefit financially and qualitatively from the use of our anolyte solutions. Our future is dependent on our ability to recruit and retain qualified sales personnel, establish manufacturing centers capable of producing our anolyte solutions in the locations we serve (reducing the cost of transporting the product across long supply lines) and develop new applications and data supporting our use claims for our anolyte solutions. The successful implementation of these objectives requires us to raise additional capital, which we were able to do in 2012 and expect to continue to do in 2013.
Please look to our filings with the Securities and Exchange Commission and press releases for information as to how we are proceeding with our marketing initiatives.
About Integrated Environmental Technologies, Ltd.
Integrated Environmental Technologies, Ltd., is a publicly-traded company that operates through its wholly-owned operating subsidiary, I.E.T., Inc. The Company sells anolyte disinfecting solution under the EcaFlo™ and Excelyte® brand names and sells a cleaning solution under the Catholyte Zero™ brand name. Both solutions are produced by the Company's proprietary EcaFlo™ equipment which utilizes an electrolytic process known as electrochemical activation to reliably produce environmentally responsible solutions for cleaning, sanitizing and disinfecting. EcaFlo™ Anolyte and Excelyte® solutions are EPA-registered hard surface disinfectants and sanitizers approved for hospital-level use and are also approved for use as a biocide in oil and gas drilling. The products can be used safely anywhere there is a need to control pathogens, bacteria, viruses, and germs. Catholyte Zero™ solutions are an environmentally friendly cleanser and degreaser for janitorial, sanitation and food processing uses. The Company is currently focused on selling its anolyte solutions to agriculture and dairy farmers, oil and gas production companies and healthcare facilities. To learn more about Integrated Environmental Technologies, Ltd. and I.E.T., Inc., please visit our websites at www.ietltd.net (investor relations) and www.ietecaflo.com (product information).
Forward-Looking Statements
Statements about the Company's future expectations and all other statements in this press release other than historical facts are forward-looking statements. Such statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from expected results. Among these risks, trends and uncertainties are economic conditions both generally and within the industries in which the company may participate; competition within the Company's chosen industries, including competition from much larger competitors; technological advances; available capital; regulatory approval; and failure by the Company to successfully develop or acquire products and form new business relationships. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results could differ materially from expected results.