UltraStrip Systems Receives Stock Symbol (USTP)
January 18 2006 - 7:01AM
PR Newswire (US)
STUART, Fla., Jan. 18 /PRNewswire-FirstCall/ -- UltraStrip Systems,
Inc. (OTC:USTP) (BULLETIN BOARD: USTP) , the Stuart, Florida-based
homeland security technology company, announced that the
application of Wunderlich Securities, Inc. to trade UltraStrip's
common stock has been approved by the National Association of
Securities Dealers. The Company was assigned "USTP" as its stock
symbol and expects to begin trading this month on the
Over-the-Counter Bulletin Board (OTCBB). Dennis McGuire, President
and CEO of UltraStrip, stated, "This is a great day for the
shareholders of UltraStrip and I wanted to personally thank
everyone that invested in our Company. With the recent contract we
signed with Pierce Manufacturing, Inc. to jointly develop and
market a Tactical Water Filtration Truck for homeland security,
disaster relief, and the military, we believe that our Company and
shareholders will benefit from this important milestone." On
December 5, 2005, the Company signed a Joint Marketing and Supply
Agreement with Pierce Manufacturing, Inc., a subsidiary of Oshkosh
Truck Corporation (NYSE:OSK). Pierce will assemble the Company's
mobile filtration units into the Pierce truck chassis and body to
produce the Tactical Water Filtration Truck and will market the
product through its well established national sales force and
international dealerships. UltraStrip produces its filtration
equipment through its subsidiary, Ecosphere Technologies, Inc. J.C.
"Jim" Rushing III, UltraStrip Chief Financial Officer, said, "As
the CFO for the Company, I am excited and proud to be a part of
making this innovative company available to investors throughout
the world as a publicly traded company. Our focus on homeland
security and the military markets with our proprietary technology
and agreement with Pierce Manufacturing, Inc. will enhance
liquidity for our existing shareholders and provide a forum for the
market's reflection of UltraStrip's growth and shareholder value
improvement capability. The initial listing of our shares will also
allow new investors unfamiliar with our Company an opportunity to
invest in UltraStrip." UltraStrip is a technology firm that
develops and manufactures patented equipment to provide solutions
to homeland security, military, and environmental problems. The
Company's proprietary Mobile Emergency Filtration Systems and
Tactical Water Filtration Trucks, provided through its Ecosphere
Technologies subsidiary, is breaking new ground by transforming its
powerful water-filtration and purification technology for use in
the world's most challenging applications, including for the
military (e.g., for troop deployments) and Homeland Security (e.g.,
to areas hit by man-made or natural events that damage vital water
resources). UltraStrip's patented robotic water jetting systems are
designed to provide an environmentally safe coatings removal
process in both heavy marine, automobile, and above ground storage
tank applications. The robotic systems have been utilized for U.S.
Navy ships (including the U.S.S. Cole after its attack off the
coast of Yemen), cruise ships, and tankers in shipyards throughout
the world. Additional information on UltraStrip can be obtained
through its websites http://www.ultrastrip.com/ and
http://www.ecospheretech.com/ . This press release contains
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995 (the "Act"), including,
but not limited to, the benefit UltraStrip shareholders will
receive and the future relationship with Pierce. Additionally,
words such as "seek," "intend," "believe," "plan," "estimate,"
"expect," "anticipate" and other similar expressions are
forward-looking statements within the meaning of the Act. Some or
all of the events or results anticipated by these forward- looking
statements may not occur. Factors that could cause or contribute to
such differences include Pierce and UltraStrip's ability to market
the Tactical Water Filtration Trucks and UltraStrip's ability to
obtain sufficient financing to meet its working capital and other
needs. Further information on the Company's risk factors is
contained in the Company's Form 10-KSB and other filings with the
Securities and Exchange Commission. First Call Analyst: FCMN
Contact: DATASOURCE: UltraStrip Systems, Inc. CONTACT: Alex Rivera,
Director of Communications, UltraStrip Systems, Inc.,
+1-772-287-4846, or Web site: http://www.ultrastrip.com/
http://www.ecospheretech.com/
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