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):
February
2, 2015
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
February 2, 2015, Integrated Environmental Technologies, Ltd. issued a press release announcing that it had expanded Excelyte™
well maintenance treatments in the Uinta and Permian Basins.
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. |
| |
|
| February
4, 2015 |
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 |
4
Exhibit 99.1
INTEGRATED
ENVIRONMENTAL TECHNOLOGIES, LTD.
EXPANDS
WELL MAINTENANCE TREATMENTS
Excelyte™
Well Maintenance Treatments Continue to Significantly Reduce Levels of Hydrogen Sulfide Gas in Oil Wells in Uinta and Permian
Basins
LITTLE
RIVER, S.C., February 2, 2015 – Integrated Environmental Technologies, Ltd. (OTCBB: IEVM) today announced that it is providing
Excelyte well maintenance treatments on approximately sixty oil wells in the Uinta Basin in Utah and twenty oil wells in
the Permian Basin in New Mexico. The growth in Utah represents an increase of approximately 200% from the twenty oil wells that
the Company was treating at the end of November 2014. The results in New Mexico constitute an increase of approximately 400% over
the four oil wells that the Company was treating when it commenced operations in this area at the end of November 2014. Based
on our current pricing and historical volume requirements, the Company estimates that these 80 wells could generate approximately
$510,000 of revenue over the next twelve months. The Company currently is also in discussions with four new customers in the Uinta
Basin and three new customers in the Permian Basin regarding the commencement of Excelyte well maintenance treatments.
David
R. LaVance, the Company’s President and Chief Executive Officer, commented, “The growth in the number of oil wells
that we are treating in both the Uinta and Permian Basins demonstrates the effectiveness and customer satisfaction regarding our
Excelyte well maintenance treatments. All indications suggest continued use and growth will occur in our first two basins
and there should be wide acceptance in the overall market as expansion to other basins likely occurs”.
Mr.
LaVance further commented, “We believe that the recent decrease in oil prices has had a positive effect on our business,
as oil producers reduce emphasis on drilling new wells and focus on making existing wells more efficient and profitable. Excelyte
well maintenance treatments should lower oil production costs since Excelyte reduces the level of hydrogen sulfide
gas in oil wells. We believe Excelyte acts faster than competing products due to, in part, Excelyte’s ability
to rapidly kill sulfate-reducing bacteria. Excelyte also kills bacteria that corrode well equipment and well linings which
should lower well repair costs for an oil producer. Further, Excelyte is easier to administer and more environmentally
friendly than competing products due to its naturally occurring properties”.
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 sulfate-reducing bacteria, which are known to produce hydrogen sulfide. The Company’s
down-hole well maintenance operations consist of treating oil production wells that test positive for 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 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 markets under the Catholyte
Zero™ brand name. Catholyte Zero solutions are environmentally friendly cleansers and degreasers for janitorial, sanitation
and food processing uses. 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, Ltd.
Thomas
S. Gifford
732-820-1415
tgifford@ietltd.net
Capitol
Media Partners
Brad Chase
323-377-5653
chase@capitolmediapartners.com