EnviroXtract, Inc. Announces Execution of Exclusive Licensing Agreement With GolfGear International, Inc. for Gold and Silver...
September 27 2011 - 6:08PM
Marketwired
EnviroXtract, Inc. (PINKSHEETS: EVXA)
announces that it has executed a licensing agreement with GolfGear
International, Inc. (PINKSHEETS: GEAR) on September 25th, 2011,
under which GolfGear International has acquired an exclusive
worldwide sub-license to utilize the Company's proprietary ore
processing technology. Under terms of the agreement, EnviroXtract
will contract with GolfGear International to supply its ore
processing equipment, trained staff, extraction and refining
methodologies, and operations supervision. The Company's
proprietary
Ore-XT3 technology will enable
the processing of gold and silver ore concentrates in an
environmentally safe manner, while its increased efficiencies are
anticipated to significantly increase profitability. GolfGear is
currently involved in negotiations to joint venture, fund, and
operate gold and silver ore processing projects for both active and
proposed mining operations in the western U.S. and abroad in which
it plans to utilize the EnviroXtract
Ore-XT3
technology.
The CEO of EnviroXtract, James Cheney, remarked, "This agreement
with GolfGear International should prove to be a monumental event
for EnviroXtract. We anticipate further news to be released soon
that will clarify the Company's opportunities for revenues and
profits through anticipated gold and silver processing projects
with GolfGear."
Dale Geck, President and CEO of GolfGear International, Inc.,
commented, "The Company is excited to have secured a licensing
agreement for the Ore-XT3 technology with
EnviroXtract, Inc. We look forward to working closely with
EnviroXtract in Arizona. GolfGear International is taking the
necessary steps to position the Company firmly in the Gold and
Silver Mining Industry. EnviroXtract is an integral part of our
future."
Through its recent exclusive licensing agreement with
EnviroXtract, Inc., GolfGear International anticipates becoming a
leader in the precious metals processing arena. EnviroXtract's
unique Ore-XT3 technology application
processes ore concentrates utilizing a unique combination of
electromagnetic and electrostatic energy contained inside a vacuum
environment. The technology utilizes clean electrical energy,
emissions can be captured and scrubbed, and any toxic chemicals or
heavy metals are captured and mitigated in processing. Ore-XT3 is a green technology capable of mitigating
toxic mining tailings while leaving no carbon footprint.
About EnviroXtract, Inc.:
EnviroXtract has expanded its business model to include
opportunities in the Gold and Silver Mining sector where it plans
to utilize its efficient environmental ore extraction and refining
technologies. Management is successfully implementing its plan to
restructure the Company's stock, while continuing to explore viable
revenue-producing opportunities for its various proprietary ore
processing and environmental mitigation applications.
Safe Harbor
This press release contains statements which may constitute
"forward-looking statements" within the meaning of the Securities
Act of 1933 and the Securities Exchange Act of 1934, as amended by
the Private Securities Litigation Reform Act of 1995. Those
statements include statements regarding the intent, belief or
current expectations of EnviroXtract, Inc., and members of its
management as well as the assumptions on which such statements are
based. Prospective investors are cautioned that any such
forward-looking statements are not guarantees of future performance
and involve risks and uncertainties, and that actual results may
differ materially from those contemplated by such forward-looking
statements. Important factors currently known to management that
could cause actual results to differ materially from those in
forward-statements include fluctuation of operating results, the
ability to compete successfully and the ability to complete
before-mentioned transactions. The company undertakes no obligation
to update or revise forward-looking statements to reflect changed
assumptions, the occurrence of unanticipated events or changes to
future operating results.
Contact: James Cheney President Phone - 888-459-4889 Email
Contact
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