Strong client demand from North America and Middle East markets for Nexis "Green" manufacturing plants
08 May 2008 - 5:53AM
PR Newswire (US)
(Pink Sheets: NXSI; Frankfurt Bourse: 3nx.f) MELBOURNE, Australia,
May 7 /PRNewswire-FirstCall/ -- Nexis International Industries Inc.
(Pink Sheets: NXSI - News) http://www.nexisint.com/ has meetings
scheduled with international non-government organizations,
governments and corporations over the coming two weeks to discuss
the establishment of Nexis plants in North America and the Middle
East. These meetings are in response to strong demand - from the
USA, Canada and various parts of the Middle East and North Africa -
for Nexis plants in those regions. This demand is due to Nexis'
ability to provide a viable commercial response to the increasing
shortage of affordable housing as well as dealing with the growing
waste problem in those countries. Nexis manufacturing plants use a
proprietary "Green" technology to produce high volumes of building
panels by processing mixed dry solid waste that would ordinarily be
destined for landfills. A large Nexis plant can process up to
750,000 tonnes of municipal solid waste per year, in order to
deliver up to 80,000 homes. Benchmark returns to Nexis, from a
standard plant of 250ktpa, are approximately Euro 144 million
(US$220million) per year. The company's Executive Chairman, Walter
Filler, said he was confident that the scheduled meetings
commencing next week in New York, Bahrain and Dubai would lead to
an extension of the contract pipeline for Nexis. He said that
preliminary indications were that there was immediate demand for
between six to eight plants in these regions. Rahoul Ray CEO and
President Important Disclosure -------------------- This press
release contains "forward looking" statements within the meaning of
Section 21A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934 as amended, and is
subject to the safe harbors created thereby. Such statements
involve certain risks and uncertainties associated with an emerging
company. Actual results could differ materially from those
projected in the Forward looking statements as a result of risk
factors discussed in Nexis International Industries reports that
will be on file with the US Securities and Exchange Commission.
DATASOURCE: Nexis International Industries, Inc. CONTACT: Email ,
Telephone: 1-888-890-8905
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