Current Report Filing (8-k)
October 08 2015 - 5:27PM
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):
October
8, 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
October 8, 2015, Integrated Environmental Technologies, Ltd. issued a press release announcing that it expanded its operations
into West Texas by opening a production facility in the Texas region of 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 Operations in West Texas |
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. |
| |
|
|
| October 8, 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 Operations in West Texas |
EXHIBIT
99.1
INTEGRATED
ENVIRONMENTAL TECHNOLOGIES, LTD.
EXPANDS
OPERATIONS INTO WEST TEXAS
Company
Opens Production Facility and Begins Delivery of Excelyte® in the
Texas
Permian Basin
LITTLE
RIVER, S.C., October 8, 2015 – Integrated Environmental Technologies, Ltd. (OTCBB: IEVM) today announced that it has commenced
operations at its production facility located in Pecos, Texas, which is the first production facility that the Company has opened
in the Texas region of the Permian Basin. The Company has secured its first three customers for this facility, and is currently
providing Excelyte® well maintenance treatments from this facility on 25 oil wells. The Company estimates that there
are approximately 64,000 existing oil producing wells in West Texas that could benefit from Excelyte® well maintenance
treatments.
The
Company currently has three operating production facilities servicing the oil and gas industry, one in each of the Uinta Basin
in Utah, the Permian Basin in New Mexico and the Permian Basin in West Texas. Each facility is currently capable of producing
approximately 180,000 gallons of Excelyte® on a monthly basis.
David
LaVance, the Company’s President and Chief Executive Officer, commented, “We have opened this production facility
in response to new customer demand in the Permian Basin and our expansion strategy into the state of Texas. I am pleased that
we have established our Pecos facility and are already delivering Excelyte® to customers in that area. Excelyte®
has been shown to be highly effective and provides substantial cost advantages to producers, both of which are key advantages
for us in gaining traction within a marketplace that is now focused on reducing operating expenses and improving production efficiencies.”
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 program consists 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