Integrated Environmental Tech. (fka IEVM)

[gjervis]

Integrated Environmental Technologies, Ltd. Increases Well Count To 141 Wells Serviced With Excelyte
Company Also Announces Presentation at the 2015 IPAA OGIS New York Conference
PR Newswire Integrated Environmental Technologies, Ltd.
1 hour ago
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LITTLE RIVER, S.C., April 16, 2015 /PRNewswire/ -- Integrated Environmental Technologies, Ltd. (IEVM) today announced that it is currently providing Excelyte® well maintenance treatments on 141 oil wells. The oil wells being treated are located in the Uinta Basin in Utah and in the Permian Basin in New Mexico. The Company has commenced Excelyte well maintenance treatments on approximately 35 new oil wells since it last provided an update on its oil and gas operations on March 5, 2015.

In addition, the Company announced that David R. LaVance, the Company's President and Chief Executive Officer, is scheduled to present at the 2015 Independent Petroleum Association of America (IPAA) Oil and Gas Investment Symposium (OGIS) New York Conference on Monday, April 20, 2015 at 3:40 p.m. ET. A webcast of the presentation can be accessed at the following link.

http://www.investorcalendar.com/IC/CEPage.asp?ID=173902

Mr. LaVance commented, "The results of our Excelyte well maintenance treatments continue to show that Excelyte is an effective biocide with an added benefit – it reduces the level of hydrogen sulfide gas present in oil wells. We believe that having this dual capability makes Excelyte a very attractive product for our customers."

The Company believes that Excelyte reduces the level of hydrogen sulfide gas in oil wells faster than competing products, primarily due to Excelyte's ability to rapidly kill sulfate-reducing bacteria. Excelyte also kills bacteria that corrode well equipment and well linings, which the Company believes should lower well repair costs for oil producers. Further, Excelyte is easier to administer and more environmentally friendly than competing products due to its naturally occurring properties.

Hydrogen sulfide is a toxic and corrosive chemical that frequently appears in oil and gas production. Excelyte acts as a biocide and as a hydrogen sulfide eliminator/scavenger that kills sulfate-reducing bacteria, which are known to produce hydrogen sulfide. The Company's current down-hole well maintenance treatments consist of regularly scheduled Excelyte treatments on oil production wells that: contain bacteria which can corrode well equipment and well linings; contain bacteria that can sour the oil produced; and/or test positive for hydrogen sulfide.