JACKSONVILLE, Fla., Feb. 8, 2011 (GLOBE NEWSWIRE) -- Mariner's Choice International, Inc. (Pink Sheets:MCII), a North American manufacturer of an extensive line of ecologically-safe products for the marine and other industry segments, today announced that MUNOX® for petroleum and petrochemical remediation has now been listed as approved for use with the Ministry of Environment and Energy Affairs (MEEA) of Trinidad and Tobago.
Unlike most of the English-speaking Caribbean countries that rely on tourism as their primary industry, Trinidad and Tobago's economy is driven by petroleum and petrochemicals, with tourism to a lesser degree. Trinidad and Tobago is a leading producer of oil and gas, which accounts for approximately 40% of its GDP, and 80% of exports. The country, therefore, is vulnerable to oil spills and contamination of its land, rivers and territorial waters.
It has been reported that in the past five years, there have been in excess of 200 spills of more than 1,000 liters of oil and hazardous substances. The Trinidad and Tobago National Oil Spill Contingency Plan (NOSCP) was first developed in 1977. Although the country has not had any major environmental incidents with respect to their deepwater drilling activities, in July 2010 the MEEA launched the Hydrocarbon and Chemical Spill Contingency Plan to take proactive steps to secure its marine environment in the context of deepwater drilling.
"Having MUNOX® on the MEEA approved list for use in Trinidad and Tobago gives us the opportunity to supply the product for remediation and reclamation of contaminated properties. We are working closely with one of our partners, who has already made a preliminary introduction of the product to the islands and has received initial interest. The route to market would be through distributors, contractors and approved vendors to the oil refineries. We intend to move quickly to activate sales of MUNOX in Trinidad and Tobago," stated Mariner's Choice President & CEO Amie Hingston.
About Mariner's Choice International, Inc.
Mariner's Choice manufactures and markets high-performance, ecologically safe commercial, industrial and retail products utilizing leading-edge readily biodegradable technologies. Each product is tested to exacting standards and superior performance levels that often exceed those of comparable products that contain harmful compounds or ingredients. Some of the company's "green" products employ nanotechnology. For more information, please visit www.marinerschoice.net.
Except for statements of historical fact, the matters discussed in this press release are forward-looking, and are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements made herein regarding the intent, belief or current expectations of Mariner's Choice International, Inc. are forward-looking statements that reflect numerous assumptions, risks and uncertainties, many of which are beyond our control, and any of which could cause our actual future results to differ materially from our stated expectations today. Prospective investors are cautioned that our forward-looking statements are never guarantees of future performance. Important factors currently known to management that could cause our actual future results to differ materially from those indicated in our forward-looking statements today include our limited operating history, fluctuations in our operating results, our ability to compete successfully and our ability to attract necessary capital on satisfactory terms. Except as required by applicable law, we undertake no obligation to update or revise our forward-looking statements to reflect changed assumptions, the occurrence of unanticipated future events or changes in our future operating results.
CONTACT: CORPORATE CONTACT: Amie Hingston, President Tel. # 904.425.1201 email@example.com