MOP Environmental Solutions Seeks to Expand Capacity
BATH, NH, October 8, 2010 (MARKET WIRE) – MOP Environmental Solutions, Inc. (Pinksheets: MOPN) announces one of the largest oil companies in the middle east has requested, and will be receiving, MOP 201 and MOP 301 for testing purposes. The products will be arriving within the month of October at their testing facility. Representatives of MOP Environmental Solutions have been invited to make a presentation to the oil company and the appropriate government agencies in their country subsequent to the preliminary testing.
To meet any potential rapid product demand in MOP products, an agreement is being negotiated with a large international corporation that has 15 manufacturing plants worldwide to manufacture MOP’s patented products on an exclusive basis. Samples of a small test run to demonstrate their capability have already been successfully manufactured and delivered. Representatives of the company are scheduled to visit the MOP manufacturing facility in New Hampshire within the month. A full production run is anticipated in the near future. Confidentiality agreements have been signed.
In addition, representatives of a company that manufactures a state-of-the-art biomass to energy and bio-char power plant have visited the Bath, New Hampshire property site to perform a feasibility study for the location of a 10 MW power plant on-site. A favorable preliminary report has been submitted that shows a net income after expenses of 4 million a year. MOP Environmental is reviewing the next steps.
“We at MOP are very excited about the opportunities that currently lie before us,” said Charles Diamond, MOP Environmental Solutions President & CEO. He continued by saying, “Although confidentiality agreements have been signed, given the potential significant growth these opportunities could present to MOP we felt the need to inform shareholders. We look forward to providing further information as it develops.”
ABOUT MOP ENVIRONMENTAL SOLUTIONS, INC.
MOP ENVIRONMENTAL SOLUTIONS, INC. participated in the cleanup effort of the BP Horizon Gulf Oil Spill.
MOP Environmental Solutions, Inc. (Pink Sheets - 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 oleophilic 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 oil spills the size of the BP Horizon Gulf Oil Spill yet is equally effective at cleaning up oil spills off a garage floor.
MOP Environmental Solutions addresses All Oil Spill Needs in Three Multi-Billion Dollar Markets.
1. Direct to the Consumer – Ideal for leaks and spills from Auto, RV, Motorized Home Equipment and Used Cooking Oils.
2. Commercial Industrial – Every company with machinery has a need for MOP.
3. International Spill Response – MOP as the First Response is The Best Option for All Oil Spills on Land or Water.
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, absorbent material, picks up to 30 times its own weight in oil, without absorbing water, restores traction on slippery surfaces, yet is as safe to the environment as a leaf falling from a tree. MOP offers the fastest, safest, lowest cost way to restore a clean, natural environment from any oil spill, indoors, outdoors, on land or water in all weather conditions, and uniquely can pay for itself from the offsetting revenues of its oil recovery option.
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.
MOP Environmental Solutions, Inc.