updated 12/10/2010 12:17:26 PM ET 2010-12-10T17:17:26

NEW YORK, Dec. 10, 2010 (GLOBE NEWSWIRE) -- Zevotek, Inc., (OTCBB:ZVTK) (Frankfurt:T5V1), a worldwide direct marketer and distributor of consumer products, today announced it has acquired a patented new product that reduces water use by up to 70% in the average American family home and pays for itself in months with utility bill savings. The U.S. patented device dramatically cuts water usage in any toilet without the disappointments of expensive low-flow toilets. Zevotek acquired exclusive worldwide sales and manufacturing rights to the product from Metaproject, LLC, a New York based company. Zevotek plans to sell the water saving marvel to Home Depot, Ace Hardware Stores and directly to American consumers using TV ads and Internet marketing.

"Zevotek is thrilled to announce our exclusive deal to manufacture and sell this amazing new product that makes it easy for everyone to help the environment by using less water and save money on their water and sewer bills," said Rob Babkie, CEO of Zevotek. Adding, "The product cleared the rigorous U.S. patenting process and we are readying it for production and expect sales to start next quarter. With the strong headway we've made presenting our innovative Ionic Bulb to retailers and consumers, we look forward to leveraging our success with this proven innovative environmentally friendly product. Our sales launch will start in the U.S. and expand to Europe and Asia. We look forward to huge worldwide demand for our newest product that slashes use of the globe's most precious and essential resource – water."

Consumers can instantly slash their wastewater usage by up to 70% and save money on water and sewer bills with Zevotek's innovative, patented eco-easy product. The average American family uses about 60 gallons of water every day for toilet flushes. Currently to cut water usage, homeowners must pay $300 or more for just one low-flow toilet. Zevotek's patented product design makes for easy installation in any standard toilet and delivers savings at a fraction of the cost of a low-flow toilet.

About the Company:

Zevotek, Inc. markets and sells a range of innovative personal and home care items. Zevotek has a license to sell the Ionic Bulb, a patented air purifier that silently emits negative ions using a microchip placed inside a 10,000-hour energy saving compact fluorescent light bulb (CFL). One Ionic Bulb is an eco-easy maintenance-free inexpensive alternative that cleans the air in a 100 square foot area. Outfitting lamps and ceiling lights with the Ionic Bulb rids a living room, kitchen, bedroom, children's playroom, workout area and office space of unpleasant odors and indoor air pollutants that you breathe. Zevotek sells the Ionic Bulb through specialty retail shops, TV commercials, amazon.com and newionicbulb.com, and markets the Ionic Bulbs to major U.S. retail stores.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Forward-looking statements in this release with respect to Zevotek, Inc.'s business, financial condition and results of operations, as well as matters of timing and effectiveness of acquiring and selling new consumer products are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond Zevotek, Inc.'s control with respect to market acceptance of their products, whether financing will be available, the plans for Zevotek, Inc. to market and sell products as well as certain other risk factors which are and may be detailed from time to time in Zevotek, Inc.'s filings with the Securities and Exchange Commission. 

This press release contains forward-looking statements. The words or phrases 'may,' 'intends,' 'expects,' 'estimate,' 'indicate,' 'plans,' 'anticipates,' 'could,' 'if,' 'will,' 'should' or similar expressions are intended to identify 'forward-looking statements.' Actual results could differ materially from those projected in forward-looking statements as a result of a number of risks and uncertainties. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. Zevotek, Inc. cautions readers not to place undue reliance on such statements. Unless otherwise required by applicable law, Zevotek, Inc. does not undertake, and Zevotek, Inc. specifically disclaims any obligation to update any forward- looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.

CONTACT:  Zevotek, Inc.
          Jeff Carlson
          949.375.3208

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 4.71%
$30K home equity loan FICO 5.26%
$75K home equity loan FICO 4.70%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.42%
13.42%
Cash Back Cards 17.94%
17.94%
Rewards Cards 17.14%
17.14%
Source: Bankrate.com