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Judging from the 6 & 1 month charts, this one may be getting ripe.....
John
Park your Sub at the iHub - Bub; .....the experience might just "...float your boat..." !!!
DEPI announces valuable addition to the Board of Directors
Listed OTC BB Trading Symbol: DEPI
LANGLEY, BC, July 23 /PRNewswire-FirstCall/ - DURO ENZYME PRODUCTS INC. (the "Company") (OTC BB: DEPI) is pleased to announce the appointment of Larry Gold to its Board of Directors.
Larry Gold graduated from the University of British Columbia law school in 1973. He was called to the Bar in 1974 and has had a successful career practicing law since that time. During his career as a lawyer to date, Larry has specialized in business law, securities, and in varied areas of litigation. While engaging in the practice of law he has also served as a director of public and private companies as well as a consultant to publicly traded companies. He will bring to the Company a unique understanding of, and ability to negotiate the structure and content of corporate agreements as well as the legal requirements of public companies.
Larry states "I look forward to serving on the board of Duro Enzyme Products Inc., as I believe management has a broad perspective of various unique opportunities that will result in successful ventures that profit our shareholders.
DEPI president and director Perry Smith stated, "The appointment of Larry Gold as a director in the company, clearly shows that the company is committed to putting together a top notch multi faceted management team in DEPI. The wealth of experience that he has amassed over his 38 year calling to the Bar, along with his experience in structuring corporate agreements for both public and private companies, will be a real asset for the company".
On behalf of the Board of Directors of: DURO ENZYME PRODUCTS INC.
"Perry Smith"
Perry Smith, President
Investors relations Contact: Market Watch Corp., (561) 998-3435, http://marketwatchcorp.com
SOURCE Duro Enzyme Products Inc.
DEPI announces first stable enzyme & gasification facility
Listed OTC BB Trading Symbol: DEPI
LANGLEY, BC, June 13 /PRNewswire-FirstCall/ - DURO ENZYME PRODUCTS INC. (OTC BB: DEPI) is pleased to announce it has sited the location for its first Enzyme Gasification Technologies ("EGT") plant in New York State.
Duro Enzyme Products Inc. (the "Company") is in the final stages of negotiations for municipal sludge contracts that will secure a steady stream of municipal sludge, for a processing fee, to the facility. At this new facility, municipal sludge will be the raw material source for the Company's enzyme generating technologies that will produce highly stable, 100% natural enzymes called "DuroZymes" that will be marketed to established, multi-billion dollar, global markets.
DEPI president, Perry Smith stated, "With the initiation of this EGT facility, we are proud to be one step closer to bringing our stable enzyme and gasification technologies to the commercial level. Other synthetic, non- natural enzyme companies have traded as high as $150 a share. The potential for Duro's stable, 100% natural enzymes, combined with the cost savings and revenues created by our gasification technologies, sets our expectations for DEPI well beyond anything the market has witnessed before."
The municipal sludges that can vary from 2% to 50% solids content will be received at the facility and blended in densifiers into homogeneous slurry. This densified slurry will then pass through a three-stage fermentation process. These multiple fermentation stages are key to ensuring that DuroZymes have exceptional stability in high temperatures, in pH extremes, in the presence of solvents and saline.
These stages will also ensure that DuroZymes are produced in the largest quantities possible. The high value DuroZymes will be extracted from the slurry and the remaining processed material will be dried, sent through a hammer mill, and pelletized. Pellets will become the feedstock for an on-site tertiary gasification process that will economically generate steam to be used in the facility's own processes or sold to local greenhouses. A steam- propelled turbine will also be housed within the facility to generate electricity for the Company's own use or for sale to the local power grid and/or other industrial clients.
The gasification process requires a steady input of air that can be supplied by the processing air from within the EGT facility. All air from within the building will be processed through the Company's triple effect gasifier to provide the required air for the gasification process, while cost effectively ensuring that any unpleasant odors are not released into neighboring communities. The facility will operate under negative atmospheric pressure to further ensure that no emissions of any type are discharged.
This new EGT facility will create multiple, significant revenue streams with environmentally-friendly processes, will provide much needed services to municipalities, generate steam and electricity, and produce stable, 100% natural DuroZymes for industries desperate for enzyme alternatives.
Synthetic, non-natural enzymes sell between US$500.00 and US$750,000.00 per ounce. DuroZymes will command even greater prices due to their natural, far more adaptable and applicable properties, including the ability to remain active in high temperatures, in pH extremes, and in the presence of saline or solvents. These characteristics will make DuroZymes extremely attractive to major, multiple markets - such as pharmaceuticals, pulp and paper, food processing, soap and detergents, bio-remediation, and health supplements - in need of natural enzymes able to withstand challenging processing conditions.
If the facility, could extract 100 ounces per day, of stable enzymes, 300 days per year, it has the potential to reach US$15,000,000.00 per year for DuroZyme revenue from one plant alone. Additional significant revenue streams created by the EGT facility will include hauling and processing fees for waste materials and sale of excess energy generated via gasification. Major cost savings will be produced through the use of gasification for odor control, historically a very major expense, and the generation of power for use by the EGT facility.
On behalf of the Board of Directors of: DURO ENZYME PRODUCTS INC.
"Perry Smith"
Perry Smith, President
Investors relations Contact: Market Watch Corp., (561) 998-3435, http://marketwatchcorp.com
SOURCE Duro Enzyme Products Inc.
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DEPI completes acquisition of cash positive, high demand oil & gas service provider
LANGLEY, BC, May 29, 2002 /PRNewswire-FirstCall via COMTEX/ -- DURO ENZYME PRODUCTS INC. (the "Company") is pleased to announce completion of its acquisition of Bruden Steaming and Vac Truck Services Ltd., an Alberta-based private corporation serving the needs of the Alberta Oil Sands oil and gas industry, first announced by the Company January 19, 2002. Bruden has been cash positive since initiating operations in the fall of 1997, and has successfully expanded profitably to serve multiple markets including oil and gas, agriculture, transportation, manufacturing, food service, residential services, and commercial businesses. The Company plans to create additional cash flow through complementary acquisitions, vertical integration, fleet expansions, specialized training, and service developments.
Bruden's expertise, resources, and commitment to high quality, safety- conscious service fuels intense demand and support continuous operations 24- hours a day, 7 days a week, 365-days a year. As needed, the company sub- contracts local businesses to meet its exceptional demand for services that include liquid hauling and removal, material clean-up, heating/thawing, heavy equipment moving, land spreading, flushing/de-scaling, high pressure water jetting, steam and foam cleaning, and excavating hydro-vac, among many, many others. The company has combined industry experience that exceeds 125 years and includes oil and gas industry specialists, master heavy duty mechanics, and a growing staff of specially trained driver/operators. Bruden has key contacts in the Alberta government, Alberta agriculture, and the Alberta Oil Sands, which help to ensure corporate growth and ongoing demand.
Bruden will be instrumental in Duro's profitable application of proprietary gasification and enzyme technologies. The oil and gas industry views oil sludge, a byproduct of oil extraction, as a waste material. Bruden provides oil sludge collection services to the Alberta Oil Sands and will provide Duro with a continuous, guaranteed stream of this material. The Company will apply its proprietary gasification and enzyme technologies to the sludge to generate energy for the Company's own use and for sale, and to manufacture the world's most stable, 100% natural enzymes that will be marketed to oil producing countries around the world. Stable enzymes manufactured from oil sludge can revolutionize a wide range of processes such as oil refining, oil recovery, bioremediation, and site reclamation, by making them far more cost efficient and environmentally friendly.
"The Bruden acquisition is another very positive achievement in our corporate growth and the fulfillment of our mandate to generate healthy cash flow through complementary, cash positive business acquisitions. This transaction signifies a giant leap toward our goal of energy generation via gasification and stable enzyme production and marketing," stated Perry Smith, President.
On behalf of the Board of Directors of: DURO ENZYME PRODUCTS INC. "Perry Smith" Perry Smith, President
SOURCE Duro Enzyme Products Inc.
Duro moves forward with LLC formation to produce revenues & announces appointment to Board of Directors
Listed: OTC BB Trading Symbol: DEPI LANGLEY, BC, May 22, 2002 /PRNewswire-FirstCall via COMTEX/ -- DURO ENZYME PRODUCTS INC. (the "Company") (OTCBB: DEPI) last week announced its subsidiary Duro Enzyme Solutions Inc. signed a definitive agreement with Petruzzo Products Inc. to form a new Limited Liability Corporation. DEPI is pleased to announce the appointment of Mr. Ralph Petruzzo to its Board of Directors.
Mr. Petruzzo is a successful entrepreneur and inventor with a focus on environmental businesses and technologies that use sludges, and other organic materials, to create high- demand, high-value products. Mr. Petruzzo's proprietary technologies are currently used in paper sludge drying and gasification systems that have been operating profitably in New York State, 24-hours a day, 7-days a week, since 1998. Mr. Petruzzo has guided the growth of Petruzzo Products Inc., a family- owned, US corporation, which has expanded from New England's oldest bark mulch manufacturer into a multi-faceted operation that includes transportation, hauling, equipment rental, and the production of biodegradable products from top soil to humus, animal bedding to kitty litter, and fertilizers to decorative landscaping mulches. Mr. Petruzzo additionally owns and operates J.B.H. Associates Inc., a developing partner in a 3,000-ton per day landfill in Southern California. This landfill is already permitted to receive 400-tons per day of bio-solids, an enormous waste management problem for the State of California and excellent feedstock for enzyme manufacture and gasification.
Throughout his career, Ralph Petruzzo has fostered business relationships with a diverse group of individuals in a wide variety of industries and organizations including 20 years with International Paper Company, Evergreen Recycling, the chains of Chase Pitkin Home Centers and Hewitts Garden Stores, Waste Management of New York, Franklin Mushroom Company (the largest mushroom growing facility in North America), Tully Construction (primary contractor to World Trade Centers recovery site), Blue Circle Cement (second largest US cement company), Kirtland Air Force Base of New Mexico, Precision Environmental Services, New England Organics, Wheelabrator Technologies - Bio Gro Division, and numerous municipalities. Mr. Petruzzo also founded and operated Aspen Construction, Inc., of Rockland County, NY, a commercial construction business that completed such notable projects as the world's first and largest Ferrari dealership.
"Ralph Petruzzo delivers proven talent and complementary know-how to the Duro team. We will aggressively exploit the many opportunities he brings to the table and look forward to a long and mutually rewarding association," stated Duro president, Perry Smith.
On behalf of the Board of Directors of: DURO ENZYME PRODUCTS INC. "Perry Smith" Perry Smith, President Web Site: www.durotechnologies.com Investor Relations: Market Watch Corporation (561) 998-3435 info@marketwatchcorp.com Forward-
SOURCE Duro Enzyme Products Inc.
CONTACT: Web Site: www.durotechnologies.com
Duro enters lucrative multi-billion dollar municipal sludge market with profitable company to increase cashflow, equity and company value Listed: OTC BB Trading Symbol: DEPI
LANGLEY, BC, May 15, 2002 /PRNewswire-FirstCall via COMTEX/ -- DURO ENZYME PRODUCTS INC. (the "Company") (OTCBB: DEPI) is pleased to announce that its subsidiary, Duro Enzyme Solutions Inc. ("DESI"), has signed a definitive agreement with Petruzzo Products Inc. ("PPI"), a privately owned, New York-based company. Petruzzo and Duro have joined to launch a new Limited Liability Corporation, Duro Solutions New York, LLC ("LLC"), to address the rapidly growing need for municipal sludge processing. With this DESI will own 50% of the LLC and the remaining 50% will be owned by PPI.
The target markets for Duro Solutions are municipalities and industry that will pay the new company to collect and receive municipal sludge and other bio-solids such as pulp and paper wastes. Capitalizing on the growing need for waste treatment, Duro Solutions will treat and process these wastes, using proprietary technology, while cost effectively controlling odors via gasification, a technology that produces energy without producing harmful emissions. Duro Solutions will use the energy generated for its own operations as well as selling the excess to other industrial clients as well as the local power grid.
The number of landfills in the United States is steadily decreasing - from 8,000 in 1988 to 2,300 in 1999. The capacity, however, has remained relatively constant, creating a growing demand for cost-effective processes to prolong the lifespan of existing landfills.
James Florio, CEO of DEPI, explained, "Our partnership with Petruzzo Products is part of a natural and synergistic progression toward our corporate goal of exploiting profitable environmental technologies. The recently announced joint venture with APC Exports Inc. to launch Alaska Humus Products LLC, (DEPI; April 16, 2002) marries perfectly with this new venture. Duro is enjoying great success in building an outstanding portfolio of mutually beneficial, profitable operations that will enable the Company to increase in value, cash flow, and equity, and allow us to move forward at a rapid and very rewarding pace."
Working together, PPI and DESI have all the facets of this enterprise in place and are excited about successfully launching Duro Solutions New York. PPI has all required permits, the land, the facilities, and the gasification technologies invented by Ralph Petruzzo, owner of PPI, to commence operations of Duro Solutions. DESI is providing the necessary financing and marketing expertise to launch the LLC's showcase facility for municipal sludge processing and gasification, already located and operational on PPI property, as well as marketing other such facilities globally.
Located on approximately 79 industrially zoned acres in New York State, PPI has been profitable since it started operations in 1971. The company has grown from New England's oldest bark mulch manufacturer into a multi-faceted enterprise that provides products and services including transportation, hauling, heavy equipment moving, equipment rental, and yard waste disposal, as well as bulk soil products including humus, top soil, wood chips, and spruce bark mulch to a market of more than 70-million consumers. The company receives and collects materials from pulp and paper by-products to farm waste to sludges, processing these materials into valuable end products. PPI has more than 20 Beneficial Use Determinations (BUDs), or special permits that support the conversion of waste materials into marketable products such as top soils, bedding materials, and humus. PPI is also in possession of key permits for handling wastewater sludges, paper sludges, yard wastes, and wood chips.
On behalf of the Board of Directors of: DURO ENZYME PRODUCTS INC. "Perry Smith" Perry Smith, President Source: Duro Enzyme Products, Inc. Website: www.durotechnologies.com Investors relations Contact: Market Watch Corp. 561-998-3435 http://marketwatchcorp.com
SOURCE Duro Enzyme Products Inc.
Duro & APC Export, Inc. to launch an LLC Listed: OTCBB Trading Symbol: DEPI
LANGLEY, BC, Apr 16, 2002 /PRNewswire-FirstCall via COMTEX/ -- DURO ENZYME PRODUCTS INC. (the "Company") (OTCBB:DEPI) is pleased to announce that its subsidiary, Duro Enzyme Solutions Inc. ("DESI"), has signed a Definitive Agreement with APC Export, Inc. ("APC"), an Anchorage, Alaska-based company, to launch a new Limited Liability Corporation, to be owned 50% by DESI and 50% by APC.
Duro's investment in the new company is limited to the cost to transport one barge of bulk, pure Alaskan humus supplied by APC in Alaska, to a US west coast port, and subsequent marketing and sale of this initial load. APC has agreed to commit the ownership of all rights to all APC assets to the new company, including all research and development, studies and analysis, contracts, agreements, licenses, letters of intent, letters of understanding, marketing rights and more. The proceeds from the first barge are anticipated to be more than sufficient to launch the business plan of the new company, and finance the regular transportation of bulk, pure Alaskan humus for marketing and sale to markets that reach $70-billion worldwide. APC is currently finalizing a Letter of Intent with Newman's Own(R) to co-pack 16 lawn and garden products under their brand name.
Alaskan humus-based products provide an affordable organic solution to the global soil depletion problem, with the ability to convert currently unproductive soils into rich crop producing soils. In plant growth evaluations of APC product completed by AgriEnergy Resources of Princeton, IL, it was found that, "All seeds germinated within 2 -4 days with 100% germination. The plants showed enhanced vigor and growth that is only seen in very excellent high quality compost." The evaluation went on to say that "In comparing this soil to the hundreds of samples that come through this laboratory for plant compatibility evaluation, the soil that this (APC) sample represents is of excellent quality for plant propagation purposes."
A client who is working with APC on Alaska Giant retail products, holds 35 national and world records for giant vegetables and high yield vegetables. Some of his records are a 49 pound celery, 71 pound chard, 6 pound onion, 19 pound carrot, 39 pound kohlrabi, 42 pound beet and a 30 pound broccoli. The client's champion potato plants yield up to 50 pounds each.
Studies conducted by Soil Foodweb Inc. ("SFI") confirm, "When APC is used to make a water-extract, the resultant compost tea combined with the soil product applied as a mulch has suppressed and prevented disease completely." SFI additionally noted that severe root-rot disease problems were significantly reduced through the application of APC product. This same study stated that, "APC material can replace the use of sphagnum moss, sterile potting soil, Vermiculite, Perlite and coconut fibers." In another study completed by BBC Laboratories, Inc. in July 2001, the APC product was also found to significantly inhibit the growth of a variety of pathogens.
APC products will be highly competitive in a wide variety of major, high growth global markets. The product categories in which APC products will be able to directly complete include fertilizers, soils, composts, organic products, soil inoculum, soil amendments, products with limited availability such as organic kelp and bone meal, tea products for foliar feeding, irrigation system fertilizers and some pesticides.
Due to unanticipated administrative delays the acquisition of Bruden Steaming and Vac Services Ltd. has been rescheduled to conclude at the end of April 2002.
DEPI President, Perry Smith, states, "We are highly energized by the massive opportunities inherent in this new venture with APC. Our real investment is minimal compared to the enormous gains we anticipate from this virtually self supporting initiative."
On behalf of the Board of Directors of : DURO ENZYME PRODUCTS INC. "Perry Smith" Perry Smith, President
SOURCE Duro Enzyme Products Inc.
CONTACT: Perry Smith, 604-888-6797 (DEPI)
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