January 21st, 2008 - Bath, New Hampshire
MOP Environmental Solutions Announces BREAKTHROUGH IN OIL SPILL CLEANUP
Unlike the usual exorbitant cost, MOP® patented technology recovers oil spills at a significant profit.
BATH, N.H.--(BUSINESS WIRE)--MOP Environmental Solutions, Inc. (PINK SHEETS: MOPN) announces completing an Asset Purchase Agreement and Intellectual Property Licensing Agreement for worldwide rights to manufacture, market, sell and distribute MOP Maximum Oil Pickup® products, services, machinery and technology.
MOP Maximum Oil Pickup® patented technology:
- Offers breakthrough technology for the ultimate global answer to oil spill recovery.
- Enables pickup of large oil spills, without the usual exorbitant cost. Instead, MOP® technology allows recovery of spilled oil at a significant profit.
- Uniquely recovers spilled oil for reuse at less than 25¢ a gallon while protecting wildlife, plants and the environment... Recovered oil is ready to be reused, cleaner than before it was spilled.
- Having met the requirements of the U.S. Environmental Protection Agency for approval in oil-spill clean-up operations on land and waterways, MOP® offers the lowest-cost, highest-performance product available for recovery of oil spills.
Future news releases will describe MOP Maximum Oil Pickup® products, oil recovery tools, technology and equipment.
Charles Diamond, MOP®'s newly appointed President and board member, was quoted saying, “This will allow us to focus our technology to help cleanup of the largest oil spills on our planet. We are excited about offering an important breakthrough for the remediation and reclamation industry and foresee strong growth potential in this market.”
“Mr. Diamond’s passion and belief in his products is nothing short of contagious,” says Edward C. Heisler, MOP®'s CEO. “Entering into these agreements is an important step forward for the company. The technology is amazing.”
Information About Our Business
MOP Environmental Solutions Inc. (Pink Sheets: MOPN) is publicly-traded, and plans to begin oil recovery and reclamation operations in the Caspian Sea region while building a significant domestic market with sales throughout United States and Canada. Formerly Cengroup Petroleum Corporation with a limited MOP® user license, MOP Environmental Solutions, Inc. has now acquired many valuable additional assets.
Additional assets:
- Worldwide manufacturing, distribution and sales rights
- MOP® manufacturing equipment and machinery
- Licensing and rights for all MOP® technology
- Rights and options to MOP® patent, including rights to future MOP® products
- Rights and options to MOP® technology based oil recovery equipment and machinery
- Acquisition of all key personnel including the inventor of MOP® as Operations Manager, as President of MOP Environmental Solutions, Inc. and as a member of the MOP Environmental Solutions, Inc. Board of Directors
Manufacturing for 2008 is underway. The Company is based in Bath, New Hampshire.
For more information, please visit our website, www.mopenvironmental.com
Special Note Regarding Forward-Looking Statements
Forward-looking statements in this news release are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. Investors are cautioned that statements in this news release are not strictly historical statements, including without limitation, management's plans and objectives for future operations, assessment of market factors, and statements regarding strategy, plans of the company and its strategic partners, constitute forward-looking statements. These forward-looking statements are not guarantees of the company's future performance and are subject to risks and uncertainties, such as their success in acquiring funding for machinery and materials, maintaining needed government relationships, customers, and successfully executing their business plan, which could cause the company's actual results in the future to differ materially from the forward-looking statements.
Contacts
MOP Environmental Solutions, Inc.
Rick Neild, 1-800-488-4544
Investor Relations
rick@mopenvironmental.com