UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported):
November
18, 2015
INTEGRATED
ENVIRONMENTAL TECHNOLOGIES, LTD.
(Exact
name of registrant as specified in charter)
Nevada |
|
000-26309 |
|
98-0200471 |
(State
or other jurisdiction
of incorporation) |
|
(Commission
File Number) |
|
(IRS
Employer
Identification No.) |
4235
Commerce Street, Little River, South Carolina |
|
29566 |
(Address
of principal executive offices) |
|
(Zip
Code) |
Registrant’s
telephone number, including area code: (843) 390-2500
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (see General Instruction A.2. below):
[ ] Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Section
8 – Other Events
Item
8.01. Other Events.
On
November 18, 2015, Integrated Environmental Technologies, Ltd. issued a press release announcing oil and gas results for the third
quarter 2015.
A
copy of the press release is attached hereto as Exhibit 99.1.
Section
9 – Financial Statements and Exhibits
Item
9.01. Financial Statements and Exhibits.
(d)
Exhibits:
|
Exhibit
No. |
|
Description |
|
|
|
|
|
99.1 |
|
Press
Release Re: Integrated Environmental Technologies, Ltd. Announces Oil and Gas Results For Third Quarter 2015. |
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
|
INTEGRATED
ENVIRONMENTAL |
|
TECHNOLOGIES,
LTD. |
|
|
|
November
19, 2015 |
By: |
/s/
David R. LaVance |
|
|
David
R. LaVance |
|
|
President
and Chief Executive Officer |
EXHIBIT
INDEX
Exhibit
No. |
|
Description |
|
|
|
99.1 |
|
Press
Release Re: Integrated Environmental Technologies, Ltd. Announces Oil and Gas Results For Third Quarter 2015. |
EXHIBIT
99.1
INTEGRATED
ENVIRONMENTAL TECHNOLOGIES, LTD.
ANNOUNCES
OIL AND GAS RESULTS FOR THIRD QUARTER 2015
Company
Continues to Grow Number of Oil Wells Treated with Excelyte®
LITTLE
RIVER, S.C., November 18, 2015 – Integrated Environmental Technologies, Ltd. (OTCQB: IEVM) today announced that as of the
end of the third quarter 2015, it was providing Excelyte® well maintenance treatments on 198 oil wells.
This represents an increase of 14 oil wells, or 8%, over the number of wells under treatment in the second quarter 2015 and an
increase of 163 wells, or 466%, over the number of wells being treated at December 31, 2014. The Company performed 367 Excelyte® well
maintenance treatments in each of the second and third quarter 2015 and 1,076 treatments during the nine months ended September
30, 2015.
David
R. LaVance, the Company’s President and Chief Executive Officer, commented, “While our growth in the number of new
oil wells slowed during the third quarter 2015, we are pleased that the number of Excelyte® well maintenance
treatments has remained steady indicating our customers’ satisfaction with our product. We believe that the slower growth
rate of new wells using Excelyte® is primarily attributable to the overall budget constraints of our customers
and an extended evaluation period for new products at the producer level, both of which are a direct result of the general downturn
in the oil and gas sector resulting from the falling price of oil”.
At
the end of September 2015, the Company opened a production facility in Pecos, Texas to service the West Texas Region of the Permian
Basin. The Company now operates three production facilities, one in the Uinta Basin in Utah, one in the New Mexico region of the
Permian Basin and the above mentioned West Texas facility. The Company is in the process of opening a production facility in the
Western Gulf Basin (Eagle Ford Shale) located in South Texas.
Mr.
LaVance further commented, “With the addition of our facility in West Texas, the anticipated opening of our South Texas
facility during the fourth quarter 2015 and the hiring of additional personnel in the oil and gas division, I believe we are in
a good position to increase our growth rate in the fourth quarter 2015. We have already added 32 new oil wells in the fourth quarter,
bringing the total number of oil wells being treated to 230.”
Hydrogen
sulfide is a toxic and corrosive chemical that frequently appears in oil and gas production. Excelyte® acts
as a biocide and as a hydrogen sulfide eliminator/scavenger that kills sulfate-reducing bacteria, which are known to produce hydrogen
sulfide. The Company’s current down-hole well maintenance treatments consist of regularly scheduled Excelyte® treatments
on oil production wells that contain bacteria which can corrode well equipment and well linings; contain bacteria that can sour
the oil produced; and/or test positive for hydrogen sulfide. Excelyte® well maintenance treatments are attractive
to E&P operators because Excelyte® is both an effective biocide and a hydrogen sulfide scavenger that
has been shown to reduce well maintenance costs and improve safety.
About
Integrated Environmental Technologies, Ltd.
Integrated
Environmental Technologies, Ltd. is a publicly-traded company that operates through its wholly-owned operating subsidiary, I.E.T.,
Inc. All of the Company’s products and services are marketed and sold under the umbrella brand name, EcoTreatments™.
The Company markets and sells its anolyte disinfecting solution under the Excelyte® brand name, which is
produced by the Company’s proprietary EcaFlo® equipment that utilizes an electrolytic process known as electrochemical
activation to reliably produce environmentally responsible solutions for cleaning, sanitizing and disinfecting. Excelyte®
solutions are EPA-registered, hard-surface disinfectants and sanitizers approved for hospital-level use and are also approved
for use as a biocide in oil and gas drilling. The products can be used anywhere there is a need to control bacteria and viruses.
The Company’s EcaFlo® equipment also produces a cleaning solution that the Company markets under the Catholyte
Zero™ brand name. Catholyte Zero™ solutions are environmentally friendly cleansers and degreasers
for janitorial, sanitation and food processing uses. To learn more, visit www.ecotreatments.com.
Forward-Looking
Statements
Statements
about the company’s future expectations and all other statements in this press release other than historical facts are forward-looking
statements. Such statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially
from expected results. Among these risks, trends and uncertainties are economic conditions both generally and within the industries
in which the company may participate; competition within the company’s chosen industries, including competition from much
larger competitors; technological advances; available capital; regulatory approval; and failure by the company to successfully
develop or acquire products and form new business relationships. Since these statements involve risks and uncertainties and are
subject to change at any time, the company’s actual results could differ materially from expected results.
Contacts:
Integrated
Environmental Technologies, Ltd.
Thomas
S. Gifford
732-820-1415
tgifford@ietltd.net