MOP Environmental Solutions Announces the Signing of Two Strategic Agreements With Significantly Larger Companies as Part of Its
28 June 2010 - 11:53PM
Marketwired
MOP Environmental Solutions, Inc. (PINKSHEETS: MOPN), a New
Hampshire-based manufacturer of the patented MOP™ Maximum Oil
Pickup oil absorbent and booms, today announced the signing of two
strategic agreements with significantly larger companies as part of
its forward looking "Ramp-Up" strategy.
On June 23rd, MOP Environmental Solutions signed an agreement
with Leigh Fibers of Wellford, South Carolina, a company 50 times
larger. "We are very excited about the signing of this Agreement
and Letter of Engagement with Leigh Fibers," said MOP President
& CEO Charles Diamond. "We anticipate the South Carolina based
Leigh Fibers will have a dramatic effect on our short and long-term
goals, allowing up to a 10 fold or greater increase in our capacity
to produce MOP loose sorbents," stated Diamond.
"Equally as promising as the preliminary strategic alliance with
Leigh Fibers is the opportunity to modify many existing fibers to
adapt and enhance their performance for the oil spill industry and
related markets," states Diamond, who continues. "I believe the
synergies of MOP Environmental Solutions technology in consort with
the production capacity of Leigh Fibers will greatly enhance our
potential to capture the growing interest of the global spill
response market and to accelerate MOP distributorships
internationally. Leigh Fibers operates manufacturing facilities in
The U.S. and Canada, and maintains distribution in China, Mexico,
Argentina, Spain, Peru, Italy and other countries where
collaborations could yield synergies for both companies."
Phase One of the MOPN "Ramp-Up" strategy:
"Phase One of the MOPN 'Ramp-Up' strategy is intended to enable
us to better satisfy the immediate demand related to the Deepwater
Horizon Oil Spill in the Gulf of Mexico," as stated by Diamond,
however, since Leigh Fibers does not as yet produce booms, "On June
25th, MOP Environmental Solutions signed a second Strategic
Agreement, to increase its production capacity of oil absorbent
booms up to five-fold with the signing of a Strategic Alliance
Agreement for Boom Production with Global Sales Company of
Columbia, Maryland."
"We are very excited about our recent Strategic Alliances," said
MOP President & CEO Charles Diamond. "We have every confidence
that both Leigh Fibers and Global Sales will meet the high
standards that we set for our MOP Environmental Solutions products.
Our relationship with both companies gives us confidence to seek
additional alliances to further accelerate our expansion both
domestically and globally. This 'Ramp-Up' strategy, boosts current
capacity for boom production and establishes the first significant
growth relationships for MOP Environmental Solutions, to address
the anticipated long-term needs of customers both domestically and
internationally."
Phase Two of the MOPN "Ramp-Up" strategy:
Phase Two of MOP Environmental Solution's "Ramp-Up" plan
includes broadening the base of operations at both the macro and
micro level, taking advantage of the unique benefits and
characteristics of our patented MOP™ Maximum Oil Pickup oil
absorbent that is able to capture still additional revenue from the
MOP derived oil retrieved from oil spills on both water and land,
while focusing on expanding operations significantly both
domestically and abroad.
ABOUT MOP ENVIRONMENTAL SOLUTIONS, INC.
MOP Environmental Solutions, Inc. (PINKSHEETS: 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 including
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 is 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.
For more information see www.mopenvironmental.com.
CONTACT: Wayne D. King (603)-786-9378 MOPEnvironmental@gmail.com
MOP Environmental Solutions, Inc.
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