Enzyme Environmental Solutions Shareholder Update
July 02 2009 - 4:14PM
Marketwired
Enzyme Environmental Solutions, Inc. (PINKSHEETS: EESO) CEO, Jared
Hochstedler, and President, Mark Murphy, met recently to prepare a
statement to shareholders regarding final decisions on the pending
buyout offer, Belmont lawsuit and a rumored discrepancy between
EESO and its exclusive retail partner, Wow Green International,
LLC. Mark Murphy believes, "These issues have become unnecessarily
distracting to our company's momentum. Jared and I feel that
clarification on these matters will allow shareholders to focus on
our progress in sales and customer acquisition both domestically
and internationally."
Hochstedler informs that, "All existing buyout offers have been
turned down. We feel that the original offer and counter-offer from
the Lees were attractive, but only a sign of bigger things to come.
This company has made tremendous strides in the last few months in
terms of attracting new customer interest on the industrial and
food-service commercial arenas. The groundwork laid by Mark Murphy
and our National Sales Director, Jeffrey Smith, has EESO poised as
one of the most progressive publicly traded micro-cap Green
companies in existence. Our ferment-based formulas are second to
none. Many have tried to duplicate or modify and none have come
close to the cost-efficiency and effectiveness of our nature-based
products; nor do they have the research teams in place to ensure a
multitude of applications in a world where governments are going
Green. Even niche industries are becoming multi-faceted with a need
for a variety of solutions that EESO will provide."
Hochstedler is confident the company is well poised among its
competitors. "Last year was an impressive year overall, but I can't
say we haven't been vulnerable in certain areas. What I can say is
that we recognize this and have taken appropriate measures. We will
continue to progress consistently as we did before any talk of
buyouts, which I feel, may have caused a distraction from our focus
on the company, its products, its employees and its growth from
within as a star player in the biotech revolution. Our formulas and
their applications are protected by comprehensive confidentiality
and non-compete agreements with everyone that has worked with or
for the company. We will protect and nourish our golden goose with
the respect she deserves and anything that threatens that process
will be given due attention."
Some of the disruption in investor confidence was caused by a
lawsuit, made public by an in-house press release from plaintiff,
Belmont Partners. "We have paid for our publicly traded entity in
full as agreed, contrary to claims made by Belmont," states
Hochstedler. "Our attorneys believe the lawsuit to be unfounded and
we are submitting documentation to courts in Virginia asking the
judge to dismiss the case. We are confident this will be a
non-issue."
"Lastly, there have been rumors regarding Wow Green
International and the status of our relationship. Unfortunately,
Wow Green has been remiss in fulfilling obligations in regards to
outstanding receivables for product that was ordered by Wow Green,
manufactured and shipped by Enzyme Environmental and, to the best
of our knowledge, sold for profit by Wow Green. We believe this
matter will be resolved amicably and I feel that EESO and its
shareholders will be in profitable good-standing as we have taken
what we believe to be appropriate action in this matter," states
Hochstedler.
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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