Solucorp Industries (CE) (USOTC:SLUP)
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From Jul 2019 to Jul 2024
Solucorp Initiates First Step in Corporate Reorganization
Strategy
WEST NYACK, N.Y., April 20 /PRNewswire-FirstCall/ -- Solucorp Industries Ltd.
, a provider of Advanced Technology Solutions to the remediation environmental
industries worldwide, announced today that it has engaged RAR Associates, LLC
and Alan Braverman as a consultant to advise the Company. Mr. Braverman will
advise the Board of Directors on a wide range of topics including corporate
strategy, company infrastructure, strategies for commercialization of its new
product lines, investor relations and core operations. Mr. Braverman will work
with the Company to continue to authenticate the unique technology applications
it has built based upon the Company's patented Molecular Bonding System
(MBS(R)) and patents pending Integrated Fixation Systems (IFS) technologies.
Mr. Braverman will also advise the Company on its positioning in the
marketplace.
Mr. Braverman brings twenty (20) years of experience to Solucorp and was
formerly a top ranked technology analyst for several "bulge bracket" Wall
Street firms and also a senior manager at General Electric controlled by NBC
Internet.
SOLUCORP is one of the environmental industry's innovative developers of
superior metals remediation technologies. The Company develops innovative
technologies for the treatment and prevention of hazardous heavy metals
contaminated waste streams. Solucorp owns two patents and has several pending.
The effectiveness of the Company's patented Molecular Bonding System (MBS(R))
is acknowledged by its successful completion of the U.S. EPA's Superfund
Innovative Technology Evaluation (SITE) Program. MBS has proven to be both
cost effective and a permanent solution for the remediation of heavy metals
contamination in soils and industrial wastes.
MBS is currently in use in the U.S. and has been successfully used in
international markets. MBS is also used in the Company's preventative
technology IFS (Integrated Fixation System). IFS delivers consumer product
safety systems to manufacturing institutions. IFS can be applied to a
multitude of hazardous pollutant sources that render them insoluble, and hence,
non-hazardous, at the end of a products life cycle. Consumer products targeted
for IFS include auto and household batteries, mercury switches, paint removers,
ammunitions, electronic circuit boards, air emission and paint booth filters.
For additional company information, visit http://www.solucorpltd.com/.
Investors should visit http://www.otcfn.com/slup.
The foregoing discussion contains forward-looking statements, which are based
on current expectations. Actual results, including the timing and amount of
revenues recognized, contracts awarded and performed and net income may differ
due to such factors as: delays in payment on contracts due to dealings with
governmental and foreign entities; fluctuations in operating costs associated
with changes in project specifications; economic and other conditions affecting
the ability of prospective clients to finance projects; and other risks
generally affecting the financing of projects. Solucorp settled a civil action
by the SEC the details of which can be found on the SEC website, as such
investors are cautioned to perform a proper due diligence and consult licensed
professionals prior to making an investment decision.
CORPORATE CONTACT:
Brian Binckes
913-685-4530
INVESTOR RELATIONS:
Geoffrey Eiten
OTC Financial Network
781-444-6100x613
DATASOURCE: Solucorp Industries Ltd.
CONTACT: Brian Binckes of Solucorp Industries Ltd., +1-913-685-4530; or
Geoffrey Eiten of OTC Financial Network, +1-781-444-6100 ext. 613,
Web site: http://www.solucorpltd.com/