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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Universal Systems Inc Washington (CE) | USOTC:UVSS | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0.000001 | 0.00 | 00:00:00 |
During this exercise Universal was able to recover several sizes of communication cable. Ranging from 1 1/2 to 3 inch. Approximately 35 miles of cable was surveyed and mapped, and made ready for recovery. The ocean portion of the recovery has been temporarily postponed and will resume as weather permits. However, the land cable recovery will commence once metallurgical assays are in and the purchase of the recovery equipment has been completed. Universal is moving forward quickly on the recovery of the cable Mr. Chamber, CEO of USI stated, "We have currently submitted documentation to the proper authority's for permits that will allow us to recover the cable on land if proven commercial viable."
Mr. Chambers also commented that Universal's work in Sitka Alaska was performed in part with the help of local Native Americans that made this work more expedient, as they were pleased to see that Universal had the same environmental mission as they did in cleaning up the cable.
In addition, USI hosted a high-level meeting in Baker City, OR on Saturday, September 20th to coordinate the various activities which Universal directors and key managers from Canada, Central and South America. Those present were Engineers and Managers of ITT, Dan Spencer from Bio-Star, Kraige Smerdal from USI Canada Inc. Legal council and the Board of USI. This meeting was due partly to prioritize the many major oil company activities that Universal has been involved with over the past year. We have had many successes in the demonstrating our ability to economically recover oil and clean discharge water from oil field production. Another significant Item is that Universal has concluded to a major oil firm that we can recovery and recycle KCL water. This water with other chemicals is utilized when an oil field service company needs to increase oil well production. As far as Universal can tell it is the only company able to do this type of recovery and recycle. This a very big moment for USI as it will open doors to other oil field service companies around the world said Mr. Chambers.
About Universal Systems, Inc.
Universal Systems, Inc (USI) is a publicly traded holding company focused on providing economically and ecologically viable water and wastewater treatment solutions. USI offers a FULL SERVICE turn-key water treatment services, specializing in "slop oil" and CBM (Coal Bed Methane) produced water.
In 2007, USI obtained an exclusive worldwide licensing agreement to provide slop oil and processed wastewater treatment services to the oil industry. The company's mission is to become the leader in the development and delivery of cost effective slop oil and processed wastewater treatment. USI joined Powell Water Systems, Inc. (PWS) and Water Solutions, LLC (WS) to bring PWS's patented electrocoagulation technology to the oil industry, making large flow waste oil, and water treatment efficient and cost effective.
More recently, USI has discovered the immediate need to become involved in building, owning, and operating central produced water processing facilities. This service is widely needed wherever natural gas is produced; the diminished capacity to handle processed water from natural gas production is causing some production wells to be shut in until alternative-treating plants can be brought on line. As tougher water discharge regulations are being imposed, the need is becoming even greater.
USI's business plan for expansion includes the purchase or acquisition of other specialized trade service companies that will complement and enhance the overall product and service offering of the company.
Safe Harbor Statement Under The Private Securities Litigation Reform Act Of 1995:
The Private Securities Litigation Reform Act of 1995 (the "Reform Act") provides a "safe harbor" for forward-looking statements to encourage companies to provide prospective information, as long as those statements are identified as forward-looking and are accompanied by cautionary statements identifying important factors that could cause actual results to differ materially from those discussed in the forward-looking statements. Universal Systems, Inc. desires to take advantage of the safe harbor provisions of the Reform Act. All future written and oral forward-looking statements attributable to the Company or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements contained or referred to above. New risks and uncertainties arise from time to time, and it is impossible for the Company to predict these events or how they may affect the Company. We assume no obligation to update any forward-looking statements as a result of new information, future events or developments, except as required by federal securities laws. In addition, it is our policy generally not to make any specific projections as to future earnings, and we do not endorse any projections regarding future performance that may be made by third parties.
Universal Systems, Inc. is traded on the OTC Exchange under the symbol UVSS. More information is located at the web-site www.universalsystemsinc.net
Contact: Kevin Chambers 541-523-0220 info@universalsystemsinc.net
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