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/