MOP Environmental CEO presents
The Case for “MOP Maximum Oil Pickup”
as the best option, FIRST RESPONSE
To The United States Senate, Committee on Small Business and Entrepreneurship for Gulf Coast Oil Cleanup
BATH, NH, July 8, 2010 (MARKET WIRE) – MOP Environmental Solutions (PINKSHEETS: MOPN), President & CEO, Charles Diamond, has released the text of his testimony submitted to the Congressional Committee on Small Business and Entrepreneurship regarding the Gulf Oil Spill, Chaired by Senator Mary Landrieu of Louisiana. The complete testimony can be viewed on the Company’s website at www.MOPEnvironmental.com. In his testimony Mr. Diamond states his case as to why MOP Environmental’s patented oil pickup product “MOP,” should be considered as the “best option FIRST RESPONSE for oil recovery in the Gulf Oil Spill.”
Mr. Diamond stated in his testimony that, “I contend that the use of MOP Bulk Sorbent as the FIRST RESPONSE to an oil spill is the best option you have to neutralize all the potential harmful effects, both environmental and economic, of an oil spill such as you now have in the Gulf.” Mr Diamond went on to say “Had our absorbent and method of deployment been used within the first 48 hours… we would not be sitting here discussing a spill that would have otherwise been contained from the beginning.” This comment is followed by the benefits and economics of MOP that he illustrated by saying; “MOP captures and recovers up to 100,000 barrels (i.e. much higher than the estimated Gulf discharge rate), of spilled oil a day using a capital expense of merely $100,000 for deployment equipment, with under $3,000,000 in product. Add to this approximately $50,000 a day for cost of retrieval of oil valued at $5,000,000 based on $50 per barrel… for an overall profit of up to $2,000,000, or more a day, and the value of this approach becomes distinctly apparent… instead of the billions of dollars that have already been spent and untold extensive damage that could have been prevented.”
Mr. Diamond also went into great detail discussing the Environmental benefits to using MOP and how it naturally biodegrades oil, and alternatively, through application of a Carbon Negative Bio-Char process advocated by Interior Secretary Ken Salazar produces a soil amendment that boost agricultural yields 200% to 400% while reducing Global Warming. Mr. Diamond stated, “This process is notable as the only known natural process that once started continues to grow and to further help reverse Global Warming, while boosting agricultural yields (equivalent to making more land).” As Mr. Diamond clearly states, “MOP bulk sorbent is the ultimate, 100 percent natural sorbent product that is As Safe to The Environment as a Leaf Falling Into Water.”
ABOUT MOP ENVIRONMENTAL SOLUTIONS, INC.
MOP Environmental Solutions, Inc. (MOPN) is a publicly traded company. MOP Maximum Oil Pickup is a "cradle-to-cradle" green product that is arguably the most effective oil spill recovery system on the market. For information see www.mopenvironmental.com.
Brief Description of The MOP Technology:
MOP Maximum Oil Pickup is an aggressive oleophyllic and hydrophobic (oil attracting and water repelling) sorbent made from recycled and fully biodegradable materials, manufactured using small-scale hydroelectric green energy. MOP’s properties are such that it can effectively deal with an oil spill the size of the Exxon Valdez, but is equally effective at cleaning up the oil spill off a garage floor.
Regarding the Gulf Oil Spill; MOP Environmental’s patented product, MOP Maximum Oil Pickup has the ability to capture and contain the Gulf Oil Spill at its source and all locations out to its furthest perimeter including the marshlands and beaches. Where the oil has landed on beaches or land it will separate and remove the oil from the soil, or sand on site quickly. MOP Environmental’s oil-only pickup product is called MOP Maximum Oil Pickup. MOP floats, is all-natural, it is safe to the environment, birds, animals, and aquatic life. It is rapidly deployed at over 150 mph using MOP Environmental’s MOP-Cannon and removed using their MOP-Vac. MOP can be applied above water or below water where it floats up and locks in oil, completely neutralizing all potential harmful effects of the spilled oil. It is the only known oil recovery method that will work under all weather conditions. The oil can be retrieved for re-use where the resulting profit is greater than the expense of cleanup.
MOP Environmental Solutions, Inc. manufactures and distributes MOP® Maximum Oil Pickup . MOP picks up and recovers oil spilled on land and/or water. This revolutionary, 100% Recyclable, new absorbent material picks up to 30 times its own weight in oil, without absorbing water, restores traction on slippery surfaces, and safely restores a clean, natural environment.
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. For all such forward-looking statements, we claim the safe harbor for forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. MOP Environmental Solutions, Inc. disclaims any obligation to update any forward-looking statement made herein.
SOURCE: MOP Environmental Solutions, Inc.
Wayne D. King
MOP Environmental Solutions, Inc.