Current Report Filing (8-k)
September 30 2014 - 06:01AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of
the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
September 29, 2014
INTEGRATED ENVIRONMENTAL TECHNOLOGIES, LTD. |
(Exact name of registrant as specified in charter) |
Nevada |
|
000-26309 |
|
98-0200471 |
(State or other jurisdiction
of incorporation) |
|
(Commission
File Number) |
|
(IRS Employer
Identification No.) |
4235 Commerce Street, Little River, South Carolina |
|
29566 |
(Address of principal executive offices) |
|
(Zip Code) |
Registrant’s telephone number,
including area code: (843) 390-2500
|
(Former name or former address, if changed since last report) |
Check the appropriate box below
if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
☐ Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Section 8 – Other Events
Item 8.01. Other Events.
On September 29, 2014,
Integrated Environmental Technologies, Ltd. issued a press release announcing that it had expanded Excelyte™ well maintenance
treatments in the Uinta Basin and that it is beginning expansion into the Permian Basin.
A copy of the press release
is attached hereto as Exhibit 99.1.
Section 9 – Financial Statements and Exhibits
Item 9.01.
Financial Statements and Exhibits.
(d) Exhibits:
Exhibit No. |
|
Description |
99.1 |
|
Press Release Re: Integrated Environmental Technologies, Ltd. Expands Well Maintenance Treatments |
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
|
INTEGRATED ENVIRONMENTAL
TECHNOLOGIES, LTD.
|
|
|
|
September 29, 2014 |
By: |
/s/ David R. LaVance |
|
|
David R. LaVance |
|
|
President and Chief Executive Officer |
EXHIBIT INDEX
Exhibit No. |
|
Description |
99.1 |
|
Press Release Re: Integrated Environmental Technologies, Ltd. Expands Well Maintenance Treatments |
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EXHIBIT 99.1
INTEGRATED ENVIRONMENTAL TECHNOLOGIES, LTD.
EXPANDS WELL MAINTENANCE TREATMENTS
Company Commences Excelyte™ Treatments
on Additional Wells in Uinta Basin and Begins Expansion into Permian Basin
LITTLE RIVER, S.C., September 29, 2014 –
Integrated Environmental Technologies, Ltd. (OTCBB: IEVM) today announced that it has commenced well maintenance treatments utilizing
its flagship product Excelyte™ on five additional oil producing wells for an existing customer, and now is treating an aggregate
of eleven wells for this customer. The company is in the process of scheduling well maintenance treatments for additional oil producing
wells operated by this customer in the Uinta Basin with the goal of treating up to approximately 300 other similar oil producing
wells that the customer operates in the Uinta Basin within the next year.
David R. LaVance, the company’s President
and Chief Executive Officer, commented, “The success that we experienced in treating the first six wells for this customer
during the end of July and August 2014 provided our customer with the confidence to expand its use of Excelyte to additional oil
wells. The results have shown that Excelyte reduces the level of hydrogen sulfide in oil wells faster than competing products which
we believe is due to Excelyte’s ability to kill sulfide producing bacteria instantly. In addition, Excelyte’s non-toxic
nature makes it a safer product to administer and a more environmentally friendly product when compared to competing products.
If a customer follows our suggested Excelyte treatment protocol, it can significantly reduce or essentially eliminate hydrogen
sulfide from its oil wells. Each well that we treat should provide us with recurring revenue as we continue treatments of the well
throughout the well’s production life. We are very excited about the prospects of further expanding our well maintenance
application for this customer and in gaining additional customers in the Uinta Basin. In addition, a prospective customer has requested
that we commence Excelyte well maintenance treatments on its oil and gas wells in the Permian Basin in the southwest region of
the United States. Accordingly, we are in the process of establishing a production facility in order to service this customer.
Entry into the Permian Basin has been part of our strategic plan given the number of active oil and gas wells and the hydrogen
sulfide problems that are present in the area.”
Hydrogen sulfide is a toxic and corrosive chemical
that frequently appears in oil and gas production. Excelyte acts as a hydrogen sulfide scavenger and as a biocide that kills sulfur-reducing
bacteria, which are known to produce hydrogen sulfide. The company’s down-hole well maintenance operations consist of treating
oil production wells that contain hydrogen sulfide with regularly scheduled applications of Excelyte.
About Integrated Environmental Technologies,
Ltd.
Integrated Environmental Technologies, Ltd.,
is a publicly-traded company that operates through its wholly-owned operating subsidiary, I.E.T., Inc. All of the company’s
products and services are marketed and sold under the umbrella brand name, EcoTreatments™. The company markets and sells
its anolyte disinfecting solution under the Excelyte brand name, which is produced by the company’s proprietary EcaFlo™
equipment that utilizes an electrolytic process known as electrochemical activation to reliably produce environmentally responsible
solutions for cleaning, sanitizing and disinfecting. Excelyte solutions are EPA-registered, hard-surface disinfectants and
sanitizers approved for hospital-level use and are also approved for use as a biocide in oil and gas drilling. The products can
be used safely anywhere there is a need to control pathogens, bacteria, viruses, and germs. The company’s EcaFlo equipment
also produces a cleaning solution that the company sells under the Catholyte Zero™ brand name. Catholyte Zero solutions
are environmentally friendly cleansers and degreasers for janitorial, sanitation and food processing uses. The company is currently
focused on selling its Excelyte solutions to oil and gas production companies, healthcare facilities and agriculture and dairy
farmers. To learn more, visit www.ecotreatments.com.
Forward-Looking Statements
Statements about the company's future expectations
and all other statements in this press release other than historical facts are forward-looking statements. Such statements are
subject to certain risks, trends and uncertainties that could cause actual results to differ materially from expected results.
Among these risks, trends and uncertainties are economic conditions both generally and within the industries in which the company
may participate; competition within the company’s chosen industries, including competition from much larger competitors;
technological advances; available capital; regulatory approval; and failure by the company to successfully develop or acquire products
and form new business relationships. Since these statements involve risks and uncertainties and are subject to change at any time,
the company's actual results could differ materially from expected results.
Contacts:
Integrated Environmental Technologies
Thomas S. Gifford
732-820-1415
tgifford@ietltd.net
Capitol Media Partners
Brad Chase
323-377-5653
chase@capitolmediapartners.com
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