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ECCI Ecoloclean Industries Inc (CE)

0.000001
0.00 (0.00%)
19 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Ecoloclean Industries Inc (CE) USOTC:ECCI OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.000001 0.00 01:00:00

Ecoloclean Industries, Inc. Secures $500,000 Through Private Placement

07/07/2004 5:45pm

PR Newswire (US)


Ecoloclean Industries (CE) (USOTC:ECCI)
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Ecoloclean Industries, Inc. Secures $500,000 Through Private Placement CRYSTAL CITY, Texas, July 7 /PRNewswire-FirstCall/ -- Ecoloclean Industries, Inc. (OTC:ECCI) (BULLETIN BOARD: ECCI) announced today that it has received $500,000 through a private placement of restricted Rule 144 shares of its common stock with Geneva, Switzerland based Margaux Investment Management Group S.A., a privately held investment group. The private placement calls for Ecoloclean to issue one million Rule 144 restricted common shares to Margaux Investment Management Group, S.A. Ecoloclean has earmarked this money for expansion of services, equipment, personnel and office space. Past and continuing field tests for the Company's patented mobile electrocoagulation units have produced consistent and impressive results and have garnered interest from companies in industries ranging from oil and gas, agriculture, paper production and water regulation. The mobility and excellent performance of their product makes Ecoloclean a prime candidate to become a leader in the niche market for removal of liquid and solid waste contaminants. Royis Ward, President and CEO of Ecoloclean Industries, Inc., stated, "The exceptionally positive comments and feedback we have received about our product from well-known agencies and businesses in a variety of industries is not only gratifying, but motivates us to implement an aggressive marketing plan for our patented electrocoagulation process. This injection of cash from Margaux will enable us to continue to develop and expand business opportunities as we market our mobile electrocoagulation units to several different industries. We expect the results of our latest testing processes to translate into contractual agreements in the near term and will facilitate our resume for future projects." About Ecoloclean Industries, Inc. Ecoloclean Industries, Inc. is the parent company of two wholly owned subsidiaries, World Environmental Technologies, Inc. and Reliant Drilling Systems, Inc. Utilizing their patented electrocoagulation system, Ecoloclean Industries provides environmental waste remediation to treat and remove impurities in discharge water and other contaminated and/or polluted liquids and solids. This press release may be deemed to contain certain Forward-Looking Statements with respect to the Company that are subject to risks and uncertainties that include, but are not limited to, those identified in the Company's press releases or discussed from time to time in the Company's Securities and Exchange Commission Filings. Actual results may vary. Investor Contact: Barry Gross Gross Capital, Inc. 361-949-4999 DATASOURCE: Ecoloclean Industries, Inc. CONTACT: investors, Barry Gross of Gross Capital, Inc., +1-361-949-4999, or Web site: http://www.ecoloclean.com/

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