Eagle Environmental Technologies Ltd, Reno, NV, (symbol
EGVR, OTC Exchange, www.egvr.com), Brian D. Wilmot, CEO, announced on November
20, 2002 that EDC Engineering Inc. of Santa Fe, NM and Eagle have secured a new
customer requiring the water purification systems offered by Eagle. "EDC
has been selected to design and build a unique new system that will provide a
finished product of caustic soda to its customer using concentrated brines as
the feed stock. Our equipment will be used to concentrate and pre-treat brine
that will be fed to the ionizer and specialized membranes to produce the end
product", said Wilmot.
Full developmental funds have been arranged to build, test,
and deliver the unit to the customer as a demonstration model with a long-term
development package if desired. "This new construction and use arrangement
will enable EDC and Eagle to continue the development of specialized water
units, and provide us with a demonstration capability to new customers",
stated Mr. Wilmot. The first unit is expected to be ready for operation by
early spring. Eagle will solicit additional orders from other qualified
parties. "Jim Frye, President and chief engineer of EDC, has been
exceptional in getting this new application on line as it has multiple uses in
several foreign countries that have to rely on seawater for the original source
of process water", said Wilmot.
The first demonstration unit, with related equipment, costs
approximately $800,000. The full capacity plant requested by the customer will
cost approximately $5.7 mm to build. Eagle will provide the water pre-treatment
equipment. Our associates in Albuquerque, NM will be constructing the first
skid-mounted unit under the supervision of Jim Frye.
Eagle Environmental Technologies Ltd. is a systems integration
and environmental product development company concentrating on recycling or
eliminating hazardous waste, water filtration systems and high performance
coating removal systems.
For information, call 800-210-5793, or Fax 209-736-2608.
Eagle Environmental Technologies Ltd
50 W. Liberty, Suite 880
Reno, NV 89501
www.egvr.com
NOTE: Statements contained in this release that are not
strictly historical are "forward-looking' within the meaning of the safe
harbor clause of the Private Securities Litigation Reform Act of 1995. Editors
and investors are cautioned that such forward-looking statements invoke risk
and uncertainties that may cause the company's actual results to differ
materially from such forward-looking statements. These risks and uncertainties
include, but are not limited to, the company's ability to continue to develop
its market, demand for the company's products and services, general economic
conditions, and other factors that may be more fully described in the company's
literature and any periodic filings with the Securities and Exchange
Commission.
For further information about Eagle Environmental Tech.,
contact our Corporate Advisors:
Rutledge Securities Group, LLC
176 East 77th Street, Suite 2D
New York, NY 10021
800-DIR-NYSE; www.DIRNYSE.com
Attention: James K. Rutledge, President
Bruce Klein, Executive Director