Fairfield, CT (PRWEB) August 08, 2014
MOP Environmental Solutions, Inc. and JPO Companies, Inc. Complete Merger
The nearly-four-year saga of MOP Environmental Solutions, Inc. (Pinksheets: MOPN) from near-bankruptcy following the death of CEO and Inventor Charles Diamond to a company poised to break out in the environmental remediation arena, is finally completed; as today James O’Brien, CEO of the new MOP Environmental Solutions, Inc. announced the completion of the merger between MOP and JPO Companies, Inc. bringing the JPO Absorbents line of products under the MOP banner.
“We knew that this was going to be a challenging process,” said CEO O’Brien, “JPO was a great little company and MOP was in trouble, but had the intellectual property that we needed to break out - to make us stand out in the field. Bringing the two companies together with some new products - like MOP Plus - combining the technologies of the two companies has created a company where truly the whole is greater than the sum of the parts; we are incredibly excited about the future. ”
“For the past year we have been field testing the response of customers and prospects to our new JPO-Ultra Blend, the JPO-100 series, current MOP products, and to MOP Plus, our newest product. The response has been tremendous! Combining the intellectual property, the patents and the assets of the two companies allows us to aggressively reach out to both the response side and the maintenance side of the spill cleanup market - something that very few other companies can do. We believe that the result will be exponential rather than linear growth for the new MOP Environmental Solutions, Inc. through the existing relationships and extensive network of JPO Absorbents.”
“Jamie O’Brien deserves a lot of credit for having the foresight to bring this merger to completion,” said James Reck, Vice President of the new MOP Environmental Solutions. “He has carefully tested the markets and then constructed a solid pathway for the merger that will allow us to hit the ground running, including bringing MOPN into compliance with Pinksheets and taking steps to protect the interests of shareholders in the process.”
With characteristic modesty, O’Brien said, “A lot of people deserve credit for where we are today, this hasn’t been a one man show. Jim Reck has kept us moving ahead even when things seemed to be tied up in knots.This has been a team effort and moving forward it will be the new core group that makes MOP Environmental Solutions a powerhouse in the spill response/clean up and environmental remediation field. I am proud to be associated with these folks and I look forward to making things happen for MOP and JPO.”
Forward-looking statements in this news release are pursuant to safe harbor provisions of Section 21E of Securities Exchange Act of 1934. Investors are cautioned that statements in this release are not strictly historical statements, including without limitation, management’s plans and objectives for future operations, assessment of market factors, statements regarding strategy, company plans and its strategic partners. These constitute forward-looking statements, are not guarantees of the company’s future performance and are subject to risks and uncertainties, such as funding for machinery and materials, success in acquiring customers, maintaining needed government relationships, and successfully executing a business plan, which could cause the company’s actual future results to differ materially from the forward-looking statements.