MOP Environmental Secures Funding for Expansion of Marketing, Promotion and Manufacturing
17 May 2011 - 12:42AM
Marketwired
MOP Environmental Solutions, Inc.
(PINKSHEETS: MOPN)
is pleased to announce it has
secured funding for expansion of marketing, promotion, and
manufacturing.
MOPN CEO Charles Diamond commented: "We have
secured adequate funding to achieve, our proposed near term
objectives."
Expansion of marketing and promotion:
Funding will provide for expansion of marketing and promotion
with a budget of $200,000 allocated in a graduated increasing
fashion for the balance of 2011.
Expansion of Manufacturing:
Funding will provide for expansion of manufacturing facilities
with a budget of $800,000 allocated in a graduated increasing
fashion for the balance of 2011.
The company's funding is being provided by a single source in
accord with their steady monitoring and review of the use of funds
with a graduated increasing monthly allocation.
CEO Diamond noted, "This single source of funding is anticipated
to satisfy the company's basic needs for moving to a stronger
position of financial stability."
Diamond further stated: "Additional funding is also being sought
for acquisition of a spill response company to allow for on-site
spill response capability."
ABOUT MOP ENVIRONMENTAL SOLUTIONS, INC.
(www.mopenvironmental.com)
MOP Environmental Solutions, Inc. (MOPN.PK) 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.
Brief Description of the MOP Technology:
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.
MOP Environmental Solutions, Inc. addresses All Oil Spill Needs
in Three Multi-Billion Dollar Markets.
- Direct to the Consumer - Ideal for leaks and spills from Auto,
RV, Motor-Home Equipment and Used Cooking Oils.
- Commercial Industrial - Every company with machinery has a need
for MOP.
- International Spill Response - MOP as the First Response is The
Best Option for All Oil Spills on Land or Water.
MOP ENVIRONMENTAL SOLUTIONS, INC., participated in the cleanup
effort of the BP Horizon Gulf Oil Spill.
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.
CONTACT: Wayne D. King (603)-786-9378 MOPEnvironmental@gmail.com
MOP Environmental Solutions, Inc. www.mopenvironmental.com
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