Ecoloclean Industries, Inc. Announces Signing Letter of Intent With Regency Energy, Inc.
November 14 2006 - 8:00AM
PR Newswire (US)
CRYSTAL CITY, Texas, Nov. 14 /PRNewswire-FirstCall/ -- Ecoloclean
Industries, Inc. (OTC:ECCI) (BULLETIN BOARD: ECCI) announced that
that it had signed a Letter of Intent (LOI) with Regency Energy,
Inc. Regency Energy, Inc., is a privately owned Texas oil and gas
energy producer, with existing production from oil and gas leases
in the South Texas area. Regency Energy, Inc. primarily focuses on
area of known oil and gas production from which it has years of
experience and knowledge. Due to the recent upswing in oil and gas
prices it has primarily directed its attention to areas that have
previously produced and were abandoned in the past due to low
prices. The leasing of those known areas and subsequent re-entry of
the abandoned wells have proven to be quite successful. Regency
Energy, Inc. is privately owned by Mr. Royis Ward, the President
and CEO of Ecoloclean Industries, Inc. In addition to his duties as
officers and directors of a number of public companies, Mr. Ward,
has spent a large part the last fifty years in the oil and gas
industry. Mr. Ward, President and CEO of Ecoloclean Industries,
Inc. stated that he was very excited with the opportunity to allow
Ecoloclean Industries, Inc. to acquire the properties and its
percentage of a pipeline system owned by Regency Energy, Inc. It
will give Ecoloclean Industries, Inc. the opportunity to be engaged
in the hottest sectors of the country, oil and gas, and allows
Ecoloclean to increase their present revenues. Further update will
be provided. The Company assumes no obligation to update any of the
forward-looking statement contained in this release. FORWARD
LOOKING SAFE HARBOR STATEMENTS: To the extent that this release
discusses any expectations concerning future plans, financial
results or performance, such statements are forward looking within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities and Exchange Act of
1934, as amended, and are subject to substantial risks and
uncertainties. Actual results could differ materially from those
anticipated in the forward-looking statements. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date hereof and reflect only
management's belief and expectations based upon presently available
information. These statements and other forward-looking statements
are not guarantees of future performance and involve risks and
uncertainties. ABOUT ECOLOCLEAN INDUSTRIES, INC. Ecoloclean
Industries, Inc. is the parent of three wholly owned subsidiaries:
Ecoloclean, Inc., World Environmental Technologies, Inc. and
Aquatronics Industries, Inc. utilizing various remediation
techniques and technologies. Ecoloclean Industries provides
environmental waste remediation to treat and remove impurities tin
contaminated and/or polluted liquids and solids for a variety of
industries including, but not limited to, refineries, paper mills,
petroleum and petrochemical industries. Ecoloclean Industries has
merged equipment and personnel in its subsidiaries to maximize the
utilization of company resources. For more information about the
Company, please visit http://www.ecoloclean.com/ . INVESTOR
CONTACT: Ecoloclean Industries, Inc. Royis Ward-President and CEO
OFF-830-374-9100 FAX-830-374-0202 DATASOURCE: Ecoloclean
Industries, Inc. CONTACT: investors, Royis Ward, President and CEO
of Ecoloclean Industries, Inc., +1-830-374-9100, or fax,
+1-830-374-0202 Web site: http://www.ecoloclean.com/
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