Enzyme Environmental Solutions Finds a Seoul Mate for Proprietary Formulas
December 04 2008 - 4:01PM
Marketwired
After months of courting, Enzyme Environmental Solutions
(PINKSHEETS: EESO) received a Letter of Intent from a distribution
entity with a focus in South Korea. Bo, Doug and Sue Lee, the
principals, have been involved in several projects domestically and
overseas in various industries. One such project is the Star Tower
real estate project in Atlanta, Georgia. The project
(www.star-towers.com) is a business and residential community
surrounding a Hilton Hotel facility. In South Korea, the focus is a
bit less glamorous, but all the more important to the environment
and economy overall. Two of EESO's proprietary technology/formulas
have been chosen by the Lees via a Letter of Intent with a best
efforts basis to distribute a minimum order of $500,000 in year
one, $3,000,000 in year two and $5,000,000 during each of the
remaining years of the initial term of 7 years total. The products
will be shipped via the facility in Fort Wayne, IN directly to the
recipients; further, the Distributors reserve first rights of
refusal for exclusive distribution over North Korea, Japan, China,
Thailand, Vietnam, Laos and Cambodia.
Two formulas, Pit Solution (the given name for these purposes
for EESO's Odor Remediation technology) and their FG-500 which is
an enzyme-based compost solution for food waste which will be sold
primarily to restaurants to eliminate food waste and pollution
which has grown at an increasingly alarming rate.
Bill White, VP of Sales and Operations, says that in a
discussion with the Lees, the time couldn't be more crucial. "If
you visit South Korea, there are certain rivers that the
restaurants are near on one side of a bridge, with open water on
the other side. When looking at the water near the restaurants,
there is a clear corruption of water quality overall which could
become toxic if waters grew heavy due to foods, oils, greases, etc.
causing stagnancy and bacterial growth therein if something is not
done. On the other side of the bridge, you can notice the waters
fade into clearer, cleaner views, the way it's meant to be."
Jared Hochstedler, CEO and President of Enzyme Environmental
Solutions, says that he is passionate about helping make a cleaner
world; safer planet as his company's logo suggests, "... and it's
time for these businesses to think responsibly... with their hearts
and not their pocketbooks... all in all it serves them in longevity
whatever they would supposedly be gaining on the short term by
ignoring these issues. Our products have been proven to be
extremely effective with the FOGs -- fats, oils and grease, making
it not only a great thing for the kitchen but outside the kitchen
too -- wherever food wastes may be eminent."
All in all the Agreement forecasts a sunny day for the company
and its associates and shareholders as Hochstedler feels the use of
these technologies will only lead to a natural progression toward
"further use of our other products and formulas including the
GC2000 which the group has verbally stated it would be interested
in pursuing as it would reduce hazardous waste emissions and
disposal costs by 75%; this could be useful for many of their
projects and sub-entities as we've discussed."
Safe Harbor: This release may contain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. Statements contained in this release that are not
historical facts may be deemed to be forward-looking statements.
Investors are cautioned that forward-looking statements are
inherently uncertain. Actual performance and results may differ
materially from that projected or suggested herein due to certain
risks and uncertainties including, without limitation, ability to
obtain financing and regulatory and shareholder approvals for
anticipated actions.
Contact: Newbauer Media Relations Email:
mark@enzymeconsultants.com
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