NUEC Nu Earth Corp (CE)

MIRAMAR BEACH, Fla., July 22 /PRNewswire-FirstCall/ -- NuEarth Corporation (Pink Sheets: NUEC) ("NuEarth"), a manufacturer and marketer of "Clean & Green" products and technology, announced today that it has updated its financial disclosure statements for the quarters ending in March and May 2010 with PinkSheets.com in an effort to upgrade its disclosure information.  In addition the company's Website "www.nuearthcorp.com" has been updated with downloadable versions of all financial disclosure statements and staff changes.

"With our recently updated corporate financial statements for the quarters ending in March and May 2010 we have begun a new and exciting chapter in our company's life.  Our Laboratory Services -- TerraSolv continues to perform in a strong manner with year-end results in excess of $12.5M.  Although this was $5M less than the previous year results we felt very confident in the results considering the international decline in economic productivity.  We expect that our fiscal year 2010-11 will be a milestone year for us as we complete the relocation of our laboratory services to the US and expand our product lines and market reach," said Levi Modelevi, the new CEO of NuEarth Corporation.

"We are committed to transparency and proper disclosure of public information," said Marcie Corbin, CFO of NuEarth Corporation.  "Improving our financial and information disclosure will help to set NuEarth Corporation apart.  As a non-reporting public company, NuEarth Corporation is not required to file current financial statements and make other disclosures to the public. However, through PinkSheets.com NuEarth Corporation will voluntarily provide certain disclosures as well as current financial information on a regular basis.  We fully intend to continue to execute our business plan and meet disclosure requirements with an eye toward moving to a broader exchange as soon as possible."

Following the end of our first quarter in September 2010, NuEarth Corporation will begin to host quarterly Webinars that will highlight the company's results to date and expand on upcoming events that will play a major factor in the growth and future success of our business.

TerraSolv/LIA is a state-of-the-art development and testing lab, which collects data from clients around the world to run projects simulations ranging from usability, capacity, spread and weather modeling testing.  The heart of the laboratory is a 160-gigabyte database of environmental and agricultural project records running on six HP servers and two Novell servers storing the data and running the modeling software.

NuEarth is a company dedicated to bringing to market "Clean Solutions to Complex Problems" by offering a wide range of biodegradable, environmentally friendly products and technologies that will substitute for many of the hazardous chemicals commonly used all over the world.  For information about NuEarth and its product offerings visit us on the web at www.nuearthcorp.com

This press release contains forward-looking statements regarding NuEarth within the meaning of Section 27A of the Securities Act of 1933 as amended, as such, may involve risks and uncertainties. Such statements are based on management's current expectations and cannot be guaranteed.  The forward-looking statements discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors affecting NuEarth.  Forward-looking statements speak only as of the date on which they are made and NuEarth undertakes no obligation to publicly revise any forward-looking statement based on the result of new information, future events, or otherwise.

SOURCE NuEarth Corporation