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EESO Enzyme Environmental Solutions Inc (CE)

0.0001
0.00 (0.00%)
25 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Enzyme Environmental Solutions Inc (CE) USOTC:EESO 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% 0.0001 0.00 01:00:00

EESO Progresses on Legal Issues and Moves Forward in 2010

29/01/2010 10:18pm

Marketwired


Enzyme Environmental Sol... (CE) (USOTC:EESO)
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Enzyme Environmental Solutions, Inc. (PINKSHEETS: EESO) is pleased to announce that they have resolved the legal dispute with Belmont Partners over the purchase price of their original shell for the company. The civil case filed by Belmont will be dismissed and there will be no future claims regarding the shell purchase. President Mark Murphy states, "While we did not agree with the claims of this suit regarding our original financial responsibilities in this matter, we are glad to resolve this issue and move on."

EESO continues to work on negotiations with the SEC regarding their complaint of failure to register certain shares that were sold in 2009. The attorneys from both parties are communicating frequently, have discussed a specific resolution and it is estimated that an agreement will be reached soon.

Legal negotiations are also continuing with Wow Green. The original contract that was signed by the two companies remains in effect. Wow Green has added another product line to their portfolio, which is allowed by the agreement. However, Wow Green will still be under contractual requirement to pay royalties on all products moved through the Wow Green multi-level marketing system, as outlined by the license agreement.

Business operations are continuing as normal at EESO. Product is being manufactured and shipped to existing customers. New customer development is progressing in Korea, South America and in the domestic US. Current plans are to resolve remaining legal issues and move forward to build the company's market share and increase its overall strength and stability.

EESO has also become involved in the relief effort in Haiti. CEO Jared Hochstedler escorted a orthopedic surgical team there last week and will be returning home this weekend. Murphy is leaving with another medical team today to relieve the first team. Hochstedler has family and friends involved in ministry in Port Au Prince and Murphy has been travelling to Haiti doing missions work for over 10 years.

Contact: Mark Murphy murph@EnzymeEnvironmental.com 260-399-3837

1 Year Enzyme Environmental Sol... (CE) Chart

1 Year Enzyme Environmental Sol... (CE) Chart

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1 Month Enzyme Environmental Sol... (CE) Chart

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