EnviroXtract, Inc. Continues Stock Restructuring as GolfGear International, Inc. Announces Plans to Expand Its Mining Interes...
November 01 2011 - 5:07PM
Marketwired
EnviroXtract, Inc. (PINKSHEETS: EVXA) --
Continuing its commitment to restructure the Company's stock
through voluntary cancellations, Management has further reduced its
issued and outstanding Common stock by an additional 1.075 billion
shares. This initiative has thus far reduced the Company's total
issued and outstanding Common stock by 7 billion total shares. In
conjunction with plans recently announced by GolfGear
International, Inc. (PINKSHEETS: GEAR) to significantly expand its
mining interests, EnviroXtract is poised to generate revenues
proportionately alongside any expansion by GolfGear International.
Through its recent licensing agreement with EnviroXtract, Inc.,
GolfGear International will utilize EnviroXtract's unique
Ore-XT3 technology application to efficiently
process gold and silver ore concentrates. Under terms of the
Agreement, EnviroXtract will receive an 8% Net Smelter Royalty from
ores produced under all GolfGear International mining projects as
compensation.
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 continues to explore viable
revenue-producing opportunities for its various proprietary ore
processing and environmental mitigation applications on behalf of
its shareholders.
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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