Solucorp Initiates First Step in Corporate Reorganization Strategy
April 20 2004 - 9:00AM
PR Newswire (US)
Solucorp Initiates First Step in Corporate Reorganization Strategy
WEST NYACK, N.Y., April 20 /PRNewswire-FirstCall/ -- Solucorp
Industries Ltd. , a provider of Advanced Technology Solutions to
the remediation environmental industries worldwide, announced today
that it has engaged RAR Associates, LLC and Alan Braverman as a
consultant to advise the Company. Mr. Braverman will advise the
Board of Directors on a wide range of topics including corporate
strategy, company infrastructure, strategies for commercialization
of its new product lines, investor relations and core operations.
Mr. Braverman will work with the Company to continue to
authenticate the unique technology applications it has built based
upon the Company's patented Molecular Bonding System (MBS(R)) and
patents pending Integrated Fixation Systems (IFS) technologies. Mr.
Braverman will also advise the Company on its positioning in the
marketplace. Mr. Braverman brings twenty (20) years of experience
to Solucorp and was formerly a top ranked technology analyst for
several "bulge bracket" Wall Street firms and also a senior manager
at General Electric controlled by NBC Internet. SOLUCORP is one of
the environmental industry's innovative developers of superior
metals remediation technologies. The Company develops innovative
technologies for the treatment and prevention of hazardous heavy
metals contaminated waste streams. Solucorp owns two patents and
has several pending. The effectiveness of the Company's patented
Molecular Bonding System (MBS(R)) is acknowledged by its successful
completion of the U.S. EPA's Superfund Innovative Technology
Evaluation (SITE) Program. MBS has proven to be both cost effective
and a permanent solution for the remediation of heavy metals
contamination in soils and industrial wastes. MBS is currently in
use in the U.S. and has been successfully used in international
markets. MBS is also used in the Company's preventative technology
IFS (Integrated Fixation System). IFS delivers consumer product
safety systems to manufacturing institutions. IFS can be applied to
a multitude of hazardous pollutant sources that render them
insoluble, and hence, non-hazardous, at the end of a products life
cycle. Consumer products targeted for IFS include auto and
household batteries, mercury switches, paint removers, ammunitions,
electronic circuit boards, air emission and paint booth filters.
For additional company information, visit
http://www.solucorpltd.com/. Investors should visit
http://www.otcfn.com/slup. The foregoing discussion contains
forward-looking statements, which are based on current
expectations. Actual results, including the timing and amount of
revenues recognized, contracts awarded and performed and net income
may differ due to such factors as: delays in payment on contracts
due to dealings with governmental and foreign entities;
fluctuations in operating costs associated with changes in project
specifications; economic and other conditions affecting the ability
of prospective clients to finance projects; and other risks
generally affecting the financing of projects. Solucorp settled a
civil action by the SEC the details of which can be found on the
SEC website, as such investors are cautioned to perform a proper
due diligence and consult licensed professionals prior to making an
investment decision. CORPORATE CONTACT: Brian Binckes 913-685-4530
INVESTOR RELATIONS: Geoffrey Eiten OTC Financial Network
781-444-6100x613 DATASOURCE: Solucorp Industries Ltd. CONTACT:
Brian Binckes of Solucorp Industries Ltd., +1-913-685-4530; or
Geoffrey Eiten of OTC Financial Network, +1-781-444-6100 ext. 613,
Web site: http://www.solucorpltd.com/
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