| Correction to: MOP Environmental Acquires Long Term Contractual Revenues from NH's Largest Utility |
Bath, NH – July 31, 2008 –Due to additional regulatory and other approvals required for an ongoing transfer of the monthly revenues, the acquisition of the revenues of Bath Electric Power Company (BEPCO) by MOP Environmental Solutions, Inc. has been discontinued until additional required approvals have been completed. MOP Environmental Solutions, Inc. (MOPN.pk), a green manufacturer of oil spill removal products, will continue to pursue the acquisition of all the hydroelectric assets and monthly revenues for sale of renewable energy to Public Service Company of New Hampshire (PSNH), generated by Bath Electric Power Company (BEPCO) as announced on July 14, 2008. Details: Charles Diamond CEO states: "We will continue to pursue the acquisition of the hydroelectric assets and revenues. The hydroelectric plant's estimated appraised value is $3 million. The proposed acquisition cost is estimated to be $500,000 based on 48 monthly payments plus 25,000,000 shares of MOPN restricted common stock. MOPN and BEPCO have been in agreement regarding the terms of this transaction; however, there are additional regulatory requirements and other approvals to allow an ongoing transfer of BEPCO revenues and all the hydroelectric plant assets. The proposed acquisition includes: revenues, real estate, equipment, license and the utility contract." Forward-looking statements in this news release are pursuant to safe harbor provisions of Section 21E of Securities Exchange Act of 1934. Investors are cautioned that statements in this release are not strictly historical statements, including without limitation, management's plans and objectives for future operations, assessment of market factors, statements regarding strategy, company plans and its strategic partners. These constitute forward-looking statements, are not guarantees of the company's future performance and are subject to risks and uncertainties, such as funding for machinery and materials, success in acquiring customers, maintaining needed government relationships, and successfully executing a business plan, which could cause the company's actual future results to differ materially from the forward-looking statements.
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