WEST CONSHOHOCKEN, Pa.,
March 8, 2012 /PRNewswire/
-- Equisol LLC, a wholly-owned subsidiary of Environmental
Infrastructure Holdings (OTC BB: EIHC), which is the parent company
of various environmental manufacturing, engineering and services
companies, announced that it signed a letter of intent to purchase
100% of the stock of FBC Technologies, Inc.
FBC Technologies (FBCTech.com) has been one of Equisol's vendors
and is a manufacturer of a patented product line of energy
efficient wastewater treatment systems that are used in
the United States, Canada and the United Kingdom. FBC's
complete line of engineered systems includes the Bio2Bloc® and
O2ctopus® aerobic treatment technologies. The Bio2Bloc®
system has been used successfully by industrial and municipal
wastewater plants to reduce odors, reduce BOD, and eliminate
ammonia from effluents. The O2ctopus® is the first floatable,
surface-maintainable, fine-bubble diffusion system on the
market. It is designed for rapid installation, to immediately
boost the dissolved oxygen levels necessary for treatment plant
operations.
FBC's unique product designs have enabled the Company to
establish a foothold in a $10 billion
dollar industry that is traditionally resistant to new
ideas. Currently, the Company has $6.2
million in outstanding proposals. According to its business
plan, FBC Management has developed a strategy that will accelerate
market penetration and position FBC as a leading supplier of
versatile and cost-effective water treatment systems. The plan
projects sales of approximately $34
million and $6 million EBITDA
by 2016.
Klaus Siebert, FBC's CEO states
"FBC has been searching for a strong strategic partner to assist in
execution of its business plan. In Equisol, FBC has found that
Partner. We will now also be able to commercialize several products
and services currently in development."
Kurt Given, Equisol's CEO
states "We are pleased to have our relationship with FBC
continue to grow. Equisol has always been environmentally
driven and strives to assist its customers meet their environmental
challenges and FBC has these same core principles."
The transaction is planned to close by June 1st once required funding is completed.
About Environmental Infrastructure Holdings
Corp.
Environmental Infrastructure Holdings (EIHC) is the parent
company of diverse environmental manufacturing, engineering and
services companies. Currently, EIHC has one subsidiary
Equisol LLC 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.
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,
2010, Quarterly Reports on Form 10-Q, and Current Reports on
Form 8-K.
Investor Contact:
EQUISOL LLC
866-629-7656
www.equisolgroup.com
SOURCE Equisol LLC