OTC Financial Network Issues Favorable Report on Solucorp Industries
19 April 2004 - 11:00PM
PR Newswire (US)
OTC Financial Network Issues Favorable Report on Solucorp
Industries NEEDHAM, Mass., April 19 /PRNewswire-FirstCall/ -- OTC
Financial Network, a division of National Financial Communications
Corp., announced today that it has issued a favorable InvestorFacts
report on Solucorp Industries Ltd. , a provider of advanced
technology solutions to the remediation and environmental
industries worldwide. The report includes a profile of the
Company's proprietary technology platform, global expansion
strategies and investment considerations. Interested parties can
view the report online at http://www.otcfn.com/slup/report.html or
call 781-444-6100 ext. 613 for reprints. Geoffrey Eiten, president
of National Financial Communications Corp. stated, "The problem
regarding increasing amounts of various forms of toxic and
hazardous waste is a continuous global concern. Solucorp has
already made inroads into servicing the United States and
international Remediation and Environmental markets to help
permanently solve heavy metals waste contamination in soils and
industrial wastes." Eiten concluded, "In addition to projects
currently underway for the use of Solucorp's patented, clean-up
technology MBS and its emerging preventative technology IFS,
Solucorp is poised to build recurring revenues through licensing
its patented technologies. The Company also plans to maintain
exclusive rights to sell MBS chemical reagents to third parties. In
tandem with recent reductions in overhead expenses, Solucorp is
poised to execute a profitable growth strategy overtime for the
benefit of its early shareholders." About OTC Financial Network OTC
Financial Network, a division of National Financial Communications
Corp. (http://www.nationalfc.com/) based in Needham, Massachusetts,
is a full-service financial communications and investor relations
firm that specializes in micro-cap companies. The Company's
proactive campaigns are custom designed to strengthen each client's
presence in the investment community by disseminating breaking news
and fundamental positions to spheres of influence; building upon
the client's existing shareholder base; and soliciting
institutional coverage. For more information, visit
http://www.otcfn.com/. About Solucorp Industries Ltd. Solucorp is
one of the environmental industry's innovative developers of
superior metals remediation technologies. The Company develops
innovative technologies for the treatment and prevention of
hazardous heavy metals contaminated waste streams. Solucorp owns
two patents and has several pending. The effectiveness of the
Company's patented Molecular Bonding System (MBS(R)) is
acknowledged by its successful completion of the U.S. EPA's
Superfund Innovative Technology Evaluation (SITE) Program. MBS has
proven to be both cost effective and a permanent solution for the
remediation of heavy metals contamination in soils and industrial
wastes. MBS is currently in use in the U.S. and has been
successfully used in international markets. MBS is also used in the
Company's preventative technology IFS (Integrated Fixation System).
IFS delivers consumer product safety systems to manufacturing
institutions. IFS can be applied to a multitude of hazardous
pollutant sources that render them insoluble, and hence,
non-hazardous, at the end of a product's life cycle. Consumer
products targeted for IFS include auto and household batteries,
mercury switches, paint removers, ammunitions, electronic circuit
boards and air emission and paint booth filters. For additional
company information, visit: http://www.solucorpltd.com/. Investors
should visit: http://www.otcfn.com/slup. OTC Financial Network
serves as special advisor to Solucorp and has received fees for
services, including sixty thousand shares of restricted stock with
stock options after six months of the date of the contract to
purchase an aggregate of 20,000 shares of common stock at $5.00 per
share, 20,000 shares at an exercise of $6.00 per share, 20,000
shares at an exercise price of $7.00 per share, 20,000 shares at an
exercise price of $8.00 per share, and 20,000 shares at an exercise
price of $9.00 per share. This is not an offer to buy or sell
securities. Information or opinions in this release are presented
solely for informative purposes, and are not intended nor should
they be construed, as investment advice. Readers are encouraged to
view full disclaimer information at http://www.otcfn.com/slup. The
foregoing discussion contains forward-looking statements, which are
based on current expectations. Actual results, including the timing
and amount of revenues recognized, contracts awarded and performed
and net income may differ due to such factors as: delays in payment
on contracts due to dealings with governmental and foreign
entities; fluctuations in operating costs associated with changes
in project specifications; economic and other conditions affecting
the ability of prospective clients to finance projects; and other
risks generally affecting the financing of projects. Solucorp
settled a civil action by the SEC the details of which can be found
on the SEC website, as such investors are cautioned to perform a
proper due diligence and consult licensed professionals. For more
information, contact: At Solucorp Industries: Brian Binckes
913-685-4530 At OTC Financial Network: Geoffrey Eiten 781-444-6100
x613 DATASOURCE: Solucorp Industries Ltd. CONTACT: Brian Binckes of
Solucorp Industries, +1-913-685-4530; or Geoffrey Eiten of OTC
Financial Network, +1-781-444-6100 ext. 613, Web site:
http://www.solucorpltd.com/
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