Tuesday, April 16, 2002 8:26:12 AM
Corporation, Inc (OTCBB:SEVT) recently executed a Joint Venture Agreement with
Earth Safe Technologies for various projects for product sales and services in
Mexico.
The agreement creates a mutual working relationship for sales of FlameOut(R) and
some of the other Summit Environmental Ultimate Cleaners. Additionally,
environmental clean-up projects will become part of the Joint Venture's efforts.
The parties will share equally in the profits of their efforts. Summit will be
selling its products to the Joint Venture at wholesale.
In December 2001, Summit's flagship product, FlameOut(R) was certified as an
acceptable fire suppression agent to be used both in bulk and in handheld 2 1/2
gallon fire extinguishers by Pemex, the National Oil Company of Mexico, in their
Exploration and Production divisions.
FlameOut(R) liquid fire suppressor is beginning to receive certifications from a
myriad of tests, which have been going on around the globe. Recently,
FlameOut(R) was approved for use in Poland as a substitute for AFFF. Another
long awaited approval for FlameOut(R) was completed in Chile in January.
Approval in the Mercursor region of South America (Argentina, Brazil, Uruguay
and Paraguay) is expected in the near future. The Polish and Chilean
certification along with approval from Pemex can be viewed on Summit's official
website at http://www.summitenvironmental.com.
"We currently are working on samples of contaminated soil and water from lagoons
for a variety of issues, using several of our environmental cleaners. There are
over 2000 contaminated sites scheduled for clean-up over the next four years.
The formation of the Joint Venture includes the environmental consultant for
these projects as a part to the Joint Venture," states Keith Parker, CEO of
Summit.
For more information, contact Keith Parker, CEO at (800) 522-7841.
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