EDMOND, Okla., Oct. 28, 2010 (GLOBE NEWSWIRE) -- EnviroXtract, Inc. (Pink Sheets:EVXAD) announces that it has received analytical reports associated with the initial testing of its proprietary oil extraction process on soil samples saturated with standard automotive motor oil. Based upon a quantitative analysis performed by Test America Laboratories on representative samples, the minimum extraction rate of petroleum removed from the sample material was 99.87%. The maximum extraction rate of petroleum removed from the sample material was 99.99%.
In order to achieve a higher share price and increase available trading opportunities for its shareholders, a reverse stock split of 1:1000 became effective on October 28, 2010. The company continues to restructure its stock in order to increase liquidity and raise sufficient capital to pursue its business plan to develop and supply efficient commercial environmental remediation technologies to address oil spills and chemical spills.
About EnviroXtract, Inc.:
EnviroXtract, Inc. has acquired a license for an efficient technology intended to perform environmental remediation applications for oil spills and other toxic chemical remediation applications that require a complete separation of hazardous or toxic chemicals from contaminated soil. The technology has proven capable of removing up to 99.9% of oil from soil, is extremely energy efficient, leaves clean, dry tailings with no residual oil, requires no water, natural gas, fossil fuels, or chemicals during processing, discharges no pollutants, and is capable of capturing carbon emissions in a closed vacuum processing system.
EnviroXtract plans to explore additional environmental remediation applications to enhance its business model.
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of EnviroXtract, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
CONTACT: EnviroXtract, Inc. Carlton Wingett - President / CEO 1-888-459-4889 Carlton@EnviroXtract.com