ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

UVSS Universal Systems Inc Washington (CE)

0.0001
0.00 (0.00%)
05 Jul 2024 - Closed
Delayed by 15 minutes
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
  0.00 0.00% 0.0001 0.00 01:00:00

Universal Systems to Open a Sales Office in Alberta, Canada

17/06/2008 2:19pm

Marketwired


Universal Systems Inc Wa... (CE) (USOTC:UVSS)
Historical Stock Chart


From Jul 2019 to Jul 2024

Click Here for more Universal Systems Inc Wa... (CE) Charts.

BAKER CITY, OR announced today its decision to open a new sales office in Alberta, Canada following promising sales prospects from the Global Petroleum Conference.

"The Canadian Oil and Gas market is an unbelievable opportunity for us," stated Mr. Kevin Chambers, CEO of Universal Systems. "The discussions we've had during this conference confirmed our initial thoughts about having a Company presence in Canada. The decision to open an office here was already in the works, but due to such a positive response this week we decided to expedite the opening."

The Company plans to aggressively market its wastewater treatment solution to the natural gas, coal bed methane, tar sands and heavy oil drilling sectors of northwest Canada. As such, USI will be one of only a few companies that offer wastewater recycling services to such a marketplace today. Most oil and gas companies in Canada currently choose to handle their wastewater concerns by ground reinjection rather than recycling. Although, this method is very common in the industry, it's not always the most practical or environmentally safe method to use to dispose of excess wastewater.

To oversee USI's Canadian sales effort, USI has appointed Kraige Smerdal of Grande Prairie, Alberta, Canada to become the Company's Western Canadian Operations Manager.

Mr. Kraige Smerdal commented, "I am very excited about the opportunity to work with Universal Systems. Their products and services are a perfect fit for the current wastewater recycling needs here in Northwestern Canada. We launched our Canadian sales and marketing efforts this week during the Global Petroleum Conference and have already been approached several major companies and we have identified more than 20 potential customers."

Mr. Smerdal has come to us with extensive knowledge of the Canadian markets and has worked in management teams of such companies as Neufeld Petroleum, Parkland Industries, Panda Tank & Vac and Endeavor Logistics. With the knowledge of changing market trends and the ability to think outside of the box he will assist in spearheading this project and many others for USI. With a long list of clients in the oil and gas sector, Kraige will be fundamental in leading USI to new markets within Canada.

We are coming into a new age where water, which was once taken for granted, has now turned into a commodity. The future is in the recycling and reuse of this precious product, this is where USI excels and will be an industry leader. "We are pleased to have Mr. Smerdal join our team. We look forward to working with him in Canada to capture this 'untapped' marketplace," added 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 Kraige Smerdal 780-978-2571

1 Year Universal Systems Inc Wa... (CE) Chart

1 Year Universal Systems Inc Wa... (CE) Chart

1 Month Universal Systems Inc Wa... (CE) Chart

1 Month Universal Systems Inc Wa... (CE) Chart