Equisol Establishes New Division Focused on Marcellus Shale
March 10 2011 - 8:15AM
Marketwired
Equisol, LLC, a wholly-owned subsidiary of Environmental
Infrastructure Holdings (OTCBB: EIHC), which is the parent company
of various environmental manufacturing, engineering and services
companies, announced the creation of Equisol Energy Services (EES)
based in Conshohocken, PA.
EES specializes in water treatment services focused on the oil
& gas industry. Locating the business in Pennsylvania allows
EES to focus its currently used processes and talents on the
significant opportunities in the emerging Marcellus Shale Natural
Gas play. One of the major issues that EES can help solve is the
significant challenge surrounding the water treatment and water
re-use of the "frac water." "Frac Water" is the chemically treated
water injected at high pressure into the wells to fracture rock
that releases the natural gas. Each well requires water treatment
of both the Frac Water as well as the waste-water from the wells as
a result of the fracturing process. Currently there are 5000
permits and 2000+ operating wells with plans to expand to 10,000
wells by 2015. EES estimates the potential market for their
services in the Marcellus Shale alone exceeds 250 million
dollars.
Kurt Given, Equisol's CEO, states, "We are extremely excited
about the opportunities that the oil and natural gas industry
offers our company. Equisol has always applied its expertise and
knowledge on projects and applications where there is an
environmental return. Creating a division that focuses on the oil
and gas industry, specifically natural gas production from shale,
is a logical step for our company."
The Marcellus Shale Natural Gas deposit located throughout
Pennsylvania and New York represents the largest onshore reserve of
natural gas in the world and is estimated at 500 trillion cubic
feet of natural gas.
About Environmental Infrastructure Holdings
Corp. Environmental Infrastructure Holdings (EIHC) is the
parent company of diverse environmental manufacturing, engineering
and services companies. Currently, EIHC has two subsidiaries,
Equisol, LLC and Xiom Corp., as well as investments in various
joint ventures and partnerships.
Recognized in 2008 by INC Magazine as the 7th fastest growing
private environmental services company in America, Equisol, LLC is
a unique equipment solutions provider specializing in the water and
wastewater industry. Its team of top-rated engineers specializes in
automation equipment and services across multiple industries where
water use and automation are important.
Xiom Corp. is a technology company focused on the delivery of
plastic powder coatings at on-site locations utilizing its
proprietary XIOM 1000 System. The Company's unique coating process
can be applied without use of an oven to cure the coating, and can
be applied to most substrates in addition to the metal substrate to
which powder coatings are traditionally applied in a factory.
Forward-Looking Statements This press
release contains forward-looking statements, which represent the
Company's expectations or beliefs, including, but not limited to,
statements concerning plans, acquisitions, new product development,
growth and strategies, which include, without limitation,
statements preceded or followed by or that include the words may,
will, expect, anticipate, intend, could, estimate, or continue or
the negative or other variations thereof or comparable terminology.
Any statements contained in this press release that are not
statements of historical fact may be deemed to be forward-looking
statements. These statements by their nature involve substantial
risks and uncertainties, some of which are beyond the Company's
control, and actual results. Readers should carefully review the
risk factors described in other documents the Company files from
time to time with the Securities and Exchange Commission, including
the Company's Annual Report on Form 10-K for the year ended
December 31, 2009, Quarterly Reports on Form 10-Q, and Current
Reports on Form 8-K.
Investor Contact: EQUISOL, LLC 866-629-7656
www.equisolgroup.com
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