General Environmental Management Obtains Exclusive Rights for PetroMax Treatment Technology
General Environmental Management Inc. (GEM) (OTCBB: GEVI - News) announced today that its subsidiary, Southern California Waste Water (SCWW), has acquired exclusive licensing rights to market the PetroMaxTech treatment chemical and process known as PetroM
(EMAILWIRE.COM, April 22, 2010 ) Oklahoma City, Ok -- PetroMax to Enhance Wastewater Treatment Capabilities. Tim Koziol, CEO of GEM, said, “This technology provides SCWW with additional capabilities to service a core segment of our client base, the oil and gas industry. As a non-hazardous wastewater treatment facility, SCWW is the treatment option of choice for our clients, and we are always looking for additional means to service our clients’ needs. The PetroMax process is an excellent example of meeting the needs of our current clients who provide SCWW with a substantial portion of our volume in non-hazardous liquid waste while also providing the impetus to add new clients.”
“We are thrilled to offer what we believe is an industry changing treatment process,” said Doug Edwards, GEM Chief Strategy Officer and Executive Vice President for Corporate Development. “The great merit of the PetroMax process is that it can generate savings of 30% to oil producers and refineries who struggle to move thick oil sludge. This can literally save a million dollars or more for a large tank cleaning.”
Beyond oil and gas production and refineries, SCWW has acquired the exclusive right in North America to market PetroMax to the shipping industry. Edwards explains, “PetroMax will save enormous money as shippers use PetroMax to pump their oil sludge with ease and clean their tankers in a fraction of the time currently required.”
A third aspect of the license is for the stimulation of downhole oil production. “Put simply,” said Edwards, “PetroMax allows thick oil to come out of the ground quicker.”
Mr. Koziol also added, “We look forward to marketing PetroMax and sharing with our shareholders how this process both enhances our current wastewater services at SCWW and brings us into the broader oil and gas service industry. The rights to PetroMax provide GEM the ability to move quickly into new geographic markets and develop a wastewater network.”
About General Environmental Management, Inc.
General Environmental Management, Inc. (www.go-gem.com) owns and operates a non-hazardous wastewater treatment facility, Southern California Waste Water (www.scww.com), in Santa Paula, Calif., as well as provides various environmental services and solutions. GEM is headquartered in Pomona, California.
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Forward-Looking Statements - Safe Harbor:
Certain information discussed in this press release may constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties such as the Company's inability to accurately forecast its operating results; the Company's potential inability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with the Company's business. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
“We are thrilled to offer what we believe is an industry changing treatment process,” said Doug Edwards, GEM Chief Strategy Officer and Executive Vice President for Corporate Development. “The great merit of the PetroMax process is that it can generate savings of 30% to oil producers and refineries who struggle to move thick oil sludge. This can literally save a million dollars or more for a large tank cleaning.”
Beyond oil and gas production and refineries, SCWW has acquired the exclusive right in North America to market PetroMax to the shipping industry. Edwards explains, “PetroMax will save enormous money as shippers use PetroMax to pump their oil sludge with ease and clean their tankers in a fraction of the time currently required.”
A third aspect of the license is for the stimulation of downhole oil production. “Put simply,” said Edwards, “PetroMax allows thick oil to come out of the ground quicker.”
Mr. Koziol also added, “We look forward to marketing PetroMax and sharing with our shareholders how this process both enhances our current wastewater services at SCWW and brings us into the broader oil and gas service industry. The rights to PetroMax provide GEM the ability to move quickly into new geographic markets and develop a wastewater network.”
About General Environmental Management, Inc.
General Environmental Management, Inc. (www.go-gem.com) owns and operates a non-hazardous wastewater treatment facility, Southern California Waste Water (www.scww.com), in Santa Paula, Calif., as well as provides various environmental services and solutions. GEM is headquartered in Pomona, California.
ABOUT Nebulastocks.com
http://www.nebulastocks.com/
http://nebulastocks.ning.com/
Nebulastocks is a leading stock website that provides FREE newsletters on stocks that are potential huge movers and also tracks micro cap stocks that could be undervalued by the market. Nebulastocks.com strives to provide an edge to Traders and Investors with its FREE newsletter service.
Nebulastocks.com is an independent electronic publication that provides information on selected publicly traded companies. Nebulastocks.com s not a registered investment advisor or broker-dealer. Nebulastocks.com affiliates, officers, directors and employees may buy and sell additional shares in any company mentioned herein and may profit in the event those shares rise. in value. Please do your own Due Diligence before investing in any of the stocks mentioned above.
Forward-Looking Statements - Safe Harbor:
Certain information discussed in this press release may constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties such as the Company's inability to accurately forecast its operating results; the Company's potential inability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with the Company's business. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
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