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):
August
3, 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
August 3, 2015, Integrated Environmental Technologies, Ltd. issued a press release announcing growth of sixty-nine percent in
oil wells treated with Excelyte® for the second quarter 2015 and that it is expanding operations into the West
Texas Region of Permian Basin and into the Western Gulf 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. Announces Growth of 69% in Oil Wells Treated with Excelyte For Second Quarter
2015 |
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.
|
| |
|
|
| August
3, 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. Announces Growth of 69% in Oil Wells Treated with Excelyte For Second Quarter
2015 |
EXHIBIT
99.1
INTEGRATED ENVIRONMENTAL TECHNOLOGIES, LTD.
ANNOUNCES
GROWTH OF 69% IN OIL WELLS TREATED WITH EXCELYTE FOR
SECOND QUARTER 2015
Company
Expanding Operations into West Texas Region of Permian Basin and into Western Gulf Basin
LITTLE
RIVER, S.C., August 3, 2015 – Integrated Environmental Technologies, Ltd. (OTCBB: IEVM) today announced that as of the end
of the second quarter 2015, it was providing Excelyte® well maintenance treatments on 179 oil wells. This
represents an increase of 73 oil wells, or 69%, over the first quarter 2015 and an increase of 148 wells, or 477%, for the six
months ended June 30, 2015.
The
Company currently operates two production facilities, one in the Uinta Basin in Utah and one in the New Mexico region of the Permian
Basin. The Company is also in the process of opening a production facility in the West Texas region of the Permian Basin and an
additional facility in the Western Gulf Basin (Eagle Ford Shale) located in South Texas.
The
Company estimates that there are approximately 5,000 oil producing wells in the Uinta Basin, 25,000 oil producing wells in the
New Mexico region of the Permian Basin, 64,000 oil producing wells in the West Texas region of the Permian Basin, and 12,000 oil
producing wells in the Western Gulf Basin (Eagle Ford Shale) that could benefit from Excelyte® maintenance treatments.
The Company estimates that Excelyte® well maintenance treatments in these areas represent an annual market
opportunity of $350 million.
David
R. LaVance, the Company’s President and Chief Executive Officer, commented, “During the second quarter 2015, we continued
to expand the number of wells treated with Excelyte®, despite the general downturn in the oil and gas sector
resulting from the falling price of oil. Excelyte® well maintenance treatments continue to attract E&P
operators because Excelyte® is both an effective biocide and a hydrogen sulfide scavenger that has been
shown to reduce well maintenance costs and improve safety.”
Hydrogen
sulfide is a toxic and corrosive chemical that frequently appears in oil and gas production. Excelyte® acts
as a biocide and as a hydrogen sulfide eliminator/scavenger that kills sulfate-reducing bacteria, which are known to produce hydrogen
sulfide. The Company’s current down-hole well maintenance treatments consist of regularly scheduled Excelyte®
treatments on oil production wells that contain bacteria which can corrode well equipment and well linings; contain bacteria
that can sour the oil produced; and/or test positive for hydrogen sulfide.
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