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):

November 18, 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 November 18, 2015, Integrated Environmental Technologies, Ltd. issued a press release announcing oil and gas results for the third quarter 2015.

 

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 Oil and Gas Results For Third Quarter 2015.

 

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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.
     
November 19, 2015 By: /s/ David R. LaVance
    David R. LaVance
    President and Chief Executive Officer

 

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EXHIBIT INDEX

 

Exhibit No.   Description
     
99.1   Press Release Re: Integrated Environmental Technologies, Ltd. Announces Oil and Gas Results For Third Quarter 2015.

 

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EXHIBIT 99.1

 

INTEGRATED ENVIRONMENTAL TECHNOLOGIES, LTD.

ANNOUNCES OIL AND GAS RESULTS FOR THIRD QUARTER 2015

 

Company Continues to Grow Number of Oil Wells Treated with Excelyte®

 

LITTLE RIVER, S.C., November 18, 2015 – Integrated Environmental Technologies, Ltd. (OTCQB: IEVM) today announced that as of the end of the third quarter 2015, it was providing Excelyte® well maintenance treatments on 198 oil wells. This represents an increase of 14 oil wells, or 8%, over the number of wells under treatment in the second quarter 2015 and an increase of 163 wells, or 466%, over the number of wells being treated at December 31, 2014. The Company performed 367 Excelyte® well maintenance treatments in each of the second and third quarter 2015 and 1,076 treatments during the nine months ended September 30, 2015.

 

David R. LaVance, the Company’s President and Chief Executive Officer, commented, “While our growth in the number of new oil wells slowed during the third quarter 2015, we are pleased that the number of Excelyte® well maintenance treatments has remained steady indicating our customers’ satisfaction with our product. We believe that the slower growth rate of new wells using Excelyte® is primarily attributable to the overall budget constraints of our customers and an extended evaluation period for new products at the producer level, both of which are a direct result of the general downturn in the oil and gas sector resulting from the falling price of oil”.

 

At the end of September 2015, the Company opened a production facility in Pecos, Texas to service the West Texas Region of the Permian Basin. The Company now operates three production facilities, one in the Uinta Basin in Utah, one in the New Mexico region of the Permian Basin and the above mentioned West Texas facility. The Company is in the process of opening a production facility in the Western Gulf Basin (Eagle Ford Shale) located in South Texas.

 

Mr. LaVance further commented, “With the addition of our facility in West Texas, the anticipated opening of our South Texas facility during the fourth quarter 2015 and the hiring of additional personnel in the oil and gas division, I believe we are in a good position to increase our growth rate in the fourth quarter 2015. We have already added 32 new oil wells in the fourth quarter, bringing the total number of oil wells being treated to 230.”

 

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. Excelyte® well maintenance treatments are attractive to 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.

 

 
 

 

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 bacteria and viruses. 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

 

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