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SHLP Shellprf

66.50
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Shellprf LSE:SHLP London Ordinary Share GB00B8TS4M09 ORD 50P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 66.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

SearchHelp Announces Acquisition of Interest in Mold Compound

11/02/2004 3:39pm

PR Newswire (US)


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SearchHelp Announces Acquisition of Interest in Mold Compound BETHPAGE, N.Y., Feb. 11 /PRNewswire-FirstCall/ -- SearchHelp, Inc. (BULLETIN BOARD: SHLP, SHLPW, SHLPZ) , a company involved in the development of family safety products, announced todaythat it has acquired from Environmental Commercial Technology Corp. a royalty interest in a compound intended to remediate and prevent the growth of mold and fungus in both residential and commercial environments. This product, called HTPA, is a proprietary and highly effective formulation that has been developed for worldwide application. SearchHelp's interest is limited to the United States and to applications to treat mold and fungus. In consideration for this royalty interest, SearchHelp has paid cash, agreed to make certain deferred payments and has issued restricted warrants and shares of common stock. SearchHelp has also agreed to cause the registration of the share consideration in 2004. This acquisition is the first activity of SearchHelp's indoor air quality initiative. Prior to its acquisition, SearchHelp evaluated the results of an efficacy study of the product conducted by a Director of Clinical Microbiology and Diagnostic Immunology at a major U.S. University hospital research center. In addition, SearchHelp had another leading microbiologist and noted expert in the field of Indoor Air Quality evaluate this same study, as well as requested a test more specific to certain building material. The studies concluded that the HTPAcompound showed success in not only killing harmful mold and fungi, but also in preventing their growth. "These independent evaluations support our belief that the compound shows great promise for not only existing mold problems, but also in helping to prevent future mold growth," said Bill Bozsnyak, CEO of SearchHelp, Inc. "The preventative and environmentally safe nature of HTPA makes the building manufacturers and the real estate industry potentially a strong customer base for this product. Moldand fungi, including other indoor air pollutants, have become enormous problems and according to the EPA(1), sick buildings cause an estimated loss totaling in the tens of billions of dollars each year in employee absenteeism, medical costs, reduced productivity and lower earnings," continued Bozsnyak. (1) "Targeting Indoor Air Pollution: EPA's Approach and Progress" EPA Document # 400-R-92-012, March 1993 About SearchHelp, Inc: SearchHelp, Inc. is an organization focused on utilizing new and emerging technology to promote products and services oriented toward improving family and home safety, through its Family Safe and Indoor Air Quality Services subsidiaries. About Environmental Commercial Technology Corp: ECT is a company focused on solving environmental issues and concerns through the development and introduction of products and applications for industry, business and consumers. For More Information, contact SearchHelp Investor Relations: 516 922 4765 Statements in this press release or in other SearchHelp communications may relate to future events or SearchHelp's future performance. Such statements are forward-looking statements and are based on present information SearchHelp has related to its existing business circumstances. Investors are cautioned that such forward-looking statements are subject to inherent risks and that actual results may differ materially from such forward-looking statements. In particular, the compound may not achieve commercial acceptance, our business partners may not perform as expected, the compound may not be adopted rapidly by the construction industry and SearchHelp's expectations about the market readiness may not be justified. Further, investors are cautioned that SearchHelp does not assume any obligation to update forward-looking statements based on unanticipated events or changed expectations. DATASOURCE: SearchHelp CONTACT: SearchHelp Investor Relations, +1-516-922-4765 Web site: http://www.searchhelp.com/

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