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"in the coming weeks"
sounds like the heavy lifting was done in the registration process. Statement above in the pr suggests things could move pretty quickly from this point.
Ceti nails a piece of this work imagine the doors that would be blown open. Good stuff.
Best regards
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6991 East Camelback Rd. Suite D-300
Scottsdale, AZ 85251
6991 East Camelback Rd. Suite D-300
Scottsdale, AZ 85251
Mr. Southworth has more than 37 years in the corporate world, holding key roles in management, administration and corporate finance. He is the founder and senior partner of Advanced Business Strategies, a venture catalyst firm assisting early stage, high growth technology companies in the development, expansion, and execution of their business plans. Mr. Southworth has served as founder, president, CEO and consultant for numerous companies and industries, including oil & gas, biotech, instore digital music and advertising, ballistic armor and fuel treatment technologies. At Cyber Enviro-Tech, Mr. Southworth leads the strategic business development plan and execution, corporate capitalization, investment structuring, strategic partnership development and joint venture relationships, corporate filings, public auditing procedures, and mergers and acquisitions.
Mr. Agardy has over 40 years of engineering and sales experience. He led American PetroChem international trades as Director. During his tenure there he managed relationships with Elf, Esso, Royal Dutch, Vasso, Sunoco, Arco, Marathon, Crown, San Joaquin, Union Oil, Texaco, Shell, Chevron, Mobil, Exxon, Citgo, Cato, Phillips, Conoco and more. Mr. Agardy served with Burroughs Corporation in Arizona, prior to the Sperry takeover, with a focus on Mining [Newmont-Asarco] and medical [WL Gore], and integrated shop floor control applications at microchip manufacturers. Prior to this, He worked at Honeywell in Detroit serving Fortune 100 companies in process controls, closed loop applications for mining, pharmaceutical, food processing, automotive, refining, glass, paint, and chemical processing. He also worked with power plants, automotive plants, food processing, and machine tool client bases in industrial settings during his tenure with Eaton Cutler Hammer. Mr. Agardy began his industrial career in Plant Engineering with General Motors in Detroit.
Mrs. Brost is an officer of Cyber Enviro-Tech currently serving in the capacity of Secretary/Treasurer of the Company. She is the Founder of Summit Corporate Support which assists companies in their bookkeeping, account payables, receivables, SEC filings, and related corporate support services. She has worked as the Executive Assistant for the CEO of both public and private companies. Her knowledge and experience with FINRA and SEC filing requirements bring extensive value to the Company. Mrs. Brost is extremely dependable, reliable and competent. Combined with her organizational and management skillsets, she has become a valuable asset to the company.
Mr. Ivey is a successful entrepreneur and businessman. He started his career as a former endurance sports car racer, competing in events at Daytona, Sebring, Riverside, and Watkins Glen for more than 20 years. He co-founded a worldwide corporate jet chartering company, owning his own fleet of jets and other aircraft in Arizona, Nevada and California. His company obtained some of the highest safety ratings with a network of over 4,000 safety audited aircraft partners worldwide. Having also dabbled in the ballistic armor industry, Mr. Ivey launched Windzero, Inc., a ballistic solutions company that developed light weight solutions for various threat levels, as well as personal protection products. He is also a real estate investor, acquiring and selling properties located in Arizona and Florida. Mr. Ivey brings extensive experience to the management team of Cyber Enviro-Tech, Inc. in regulatory, operations and management experience with an array of knowledge in successfully building start-up and early stage, high-growth companies.
PRODUCTS AND SERVICESManufacture and sell water filtration, desalination and oil separation systems. Oil field operator, registered with the Railroad Commission of Texas, currently operating in the Permian Basin, TX. Manufacture, sell and operate oil & gas downhole pump technology. Provide proprietary bio-waste digesters for dairy farms and feedlots.COMPANY FACILITIESCETI is a member of Regus Offices, currently located in Scottsdale AZ. Regus has a global network of shared office space which enables our Company access to offices, conference rooms and related business facilities as needed. The purpose for this arrangement is because CETI is operating a 480 acre oil field located in the Permian Basin, just 5 miles outside of Putnam, TX. Due to our activity in the oil field we frequent our offices intermittently and on an as needed basis.
Scottsdale, Arizona, Feb. 15, 2022 (GLOBE NEWSWIRE) -- Publicly-held Cyber Enviro-Tech, Inc. of Scottsdale, Arizona, (OTC Pink: CETI) is announcing the deployment of its first downhole pump and related oil production and water filtration technologies on a 500-acre mineral lease. CETI is formally the operator of record with the Railroad Commission of Texas. Based on an independent geological study, the mineral lease has an estimated 45MM barrels of oil reserves (...over $4 Billion at current market price).
The following is a summary of the economic and environmental impact to the oil industry by using CETI’s revolutionary oil production technologies. It removes the need for the 100-year-old pump jack and sucker-rod technology which has many moving parts that must continuously be repaired, rebuilt or replaced. In contrast, the technology we are using has only one moving part, uses "green technology", lasts between six to eight years before needing replacement, and reduces power costs by over 40%. Additionally, it will deliver increased productivity, less equipment replacement and repair expenses, minimal field operator involvement, easier regulatory compliance, improved safety, and numerous environmental benefits. These improved efficiencies will reduce operating costs by over 60%.
Lastly, CETI’s new Smartflow water filtration technology remediates onsite the significant amount of contaminated water produced during oil production (up to eight barrels of water to one barrel of oil). This replaces the expensive alternative of trucking contaminated water out of the field and trucking clean water back into the field. CETI’s Smartflow water filtration technology meets or exceeds EPA standards which is not only environmentally sound but also eliminates costly fines for oil field operators who don’t adhere to EPA regulations. “Cost savings of this magnitude and the positive environmental impact to the industry are far too significant to be overlooked by any oil field Operator” says Kim D. Southworth, CEO of CETI.
Revenue and Regulatory Compliance - Cyber Enviro-Tech is in the oil production stage of its business model and generating revenue. The Company is currently in discussions with other oil field operators to convert their oil fields to CETI's new technologies. Such agreements will be based on a revenue-sharing model to refurbish their existing wells and increase production.
CETI is currently in the process of completing its PCAOB audit in anticipation of filing an S-1 Registration Statement with the SEC in March of 2022 to become a fully-reporting public company.
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