Mdechem (CE) (USOTC:MDKM)
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MDEChem, Inc., (the Company) (PINK SHEETS:MDKM) is
pleased to present to its shareholders and all interested parties an
update in it's May 10, 2006 Balance Sheet and its relationship with
EnviroFuels LLC of Houston.
For the period ending 5/10/2006, MDEChem Inc. released details of
its unaudited Balance Sheet showing very positive developments in its
association with EnviroFuels LLC. The Balance Sheet showed forgiveness
of the note due including interest owed. In addition EnviroFuels, LLC
is permitting MDEChem to convert the Company's common units for Class
A units. These Class A units are like preferred stock with a higher
value than the common units and emphasize greater shareholder rights.
The Balance Sheet (unaudited) may be viewed at
http://www.investments101.com/MDEChem_BalSheet.html. It is expected
that an audited Balance Sheet will become available when the K-1 for
2005 that is referenced on the Balance Sheet is received from
EnviroFuels. It can be assumed however that the conversion will be
positive to the Balance Sheet.
"The forgiveness of our Note and accrued interest plus the
conversion of the EnviroFuel units is a very positive development for
MDEChem and its shareholders. These actions are allowing us to proceed
with our plans to manufacture and market MaxHeal products in the
United States this year." stated MDEChem, Inc. President Paul Sack.
Safe Harbor Notice
This document contains "forward-looking statements" as provided in
the Securities Act of 1933 and the Securities Exchange Act of 1934.
MDEChem, Inc. believes that the expectations reflected in the above
statements are reasonable, but no assurances can be given that they
will prove correct. Statements made herein are not a guarantee of
future corporate or stock performance. This information should not be
construed as investment advice. All information is believed to be
reliable, but cannot be guaranteed. The above information is not a
solicitation to buy or sell securities. Always consult with a
registered investment professional prior to investing.