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Where do you get the idea that they are deferring salaries from?
NEW CUSTOMERS
Reading between the lines of the release, it's clear there are new customers and potentially large new customers. Maybe one day they will get their PR act in gear and announce things like this.
Selling begets selling in this stock, always has. A large seller has been liquidating for weeks now. He stops, the stock rises up, then he comes back.
The company has provided him with zero reason to stop. Other than the filing, the company has not updated the market in over 2 months. They do a horrid job of communication.
I actually believe that fundamentally things have rarely been better for the company, yet the share price has rarely been worse. I think it's an opportunity.
They reported the Thru december well count already. This report is all old news.
It's great news. They likely get some cash and maintain a stake in something that might have some worth. More importantly they get the results off their financials and people can once again focus on the strength of the core business.
MORE GREAT NEWS!!
e results showed that this new proprietary dual treatment substantially reduced hydrogen sulfide and bacteria and their deposits present in the five wells and increased the production volumes of the wells by approximately 75% after one month of treatment. The Company believes that this new dual treatment provides operators of stripper wells with an important tool to substantially increase production and profitability of these wells. The additional revenue that a producer can generate from its wells following our dual treatment protocol is of particular importance in this current low oil price environment where operators are forced to consider shutting in their wells due to economic considerations. The Company believes that there are over 400,000 stripper wells in the United States that could benefit from the dual treatment with approximately 140,000 of these wells in Texas alone
That is without a doubt, the most aggressive statement the ultra conservative David LaVance has ever said.
Stock is a steal here IMO
GOOD NEWS ON THE TAPE
LITTLE RIVER, S.C., Jan. 26, 2016 /PRNewswire/ -- Integrated Environmental Technologies, Ltd. (IEVM) today announced that as of December 31, 2015, the Company had provided Excelyte® well maintenance treatments on 235 wells, an increase of 200 wells, or 571%, since December 31, 2014. The Company performed 1,447 Excelyte® well maintenance treatments during the year ended December 31, 2015, generating $458,000 in revenue, an increase of $399,000, or 677%, from the amount of revenue generated during the year ended December 31, 2014. The Company currently is providing Excelyte® well maintenance treatments from three depots located in the Uinta Basin in Utah, the New Mexico region of the Permian Basin and the West Texas region of the Permian Basin. In response to demand from new and existing customers, the Company has hired the personnel necessary to operate its fourth facility located in the Western Gulf Basin in South Texas and expects Excelyte® well maintenance treatments to commence at that production facility by the middle of February 2016.
David R. LaVance, the Company's President and Chief Executive Officer, commented "Last year was a turbulent time for the producers in the oil and gas industry. Current oil pricing has pressured producers to become more cost efficient as margins have contracted. We found that this has created an opportunity for IET, as our customers have told us that by treating their oil wells with Excelyte® they are experiencing a significant cost savings and better results as compared to traditional biocides and hydrogen sulfide scavengers."
Mr. LaVance continued, "IET's growth over the past year was not just in revenue, but also in the infrastructure and human capital necessary to take the Company to the next level. We have seen results from the oil and gas sales team that we began to assemble in late 2015, and ]I believe that regardless of the price of oil, IET will continue to see strong revenue growth over the next 12 months. Based on the number of deliveries in the last year and the increasing interest of existing and prospective customers, I am extremely excited about 2016."[/b
GREAT DAY TODAY!!!!!!!!
Ok, the world is coming to an end, at least the stock market thinks so. Yet this badboy manages to close UP on very good volume.
Yes its down from recent highs, but every microcap has been destroyed in 2016.
TODAY, is a hopefully a telling day for IEVM.
Bought More around .025 yesterday. The company has never been in better fundamental shape and rarely been in worse price per share. Be greedy when others are fearful tends to always workout.
This still remains the greatest story that hardly anyone knows exists.
HEY CHIPOTLE, IEVM has the cure for what ails ya!!!
Integrated Environmental Technologies, Ltd. Receives EPA Approval to add Norovirus to Master Label for Excelyte®
Amended EPA Label Includes Kill Claims for Norovirus and other Non-Enveloped Viruses Plaguing the Food, Healthcare and Hospitality Industries
http://finance.yahoo.com/news/integrated-environmental-technologies-ltd-receives-191900643.html
I would expect one is coming
Hey Chipotle, guess who has a cure for your problems?
n response to increasing market demand for a reliable source of “ready to use” disinfectant and sanitizing products, IET, Inc. made a strategic shift from selling EcaFlo® equipment, to selling large-scale consumable solutions. Excelyte® can be supplied at costs below competitive products in commercial markets. It has a broad spectrum of applications that address the needs in oil production, food sanitation, hospital disinfection.
The 4th depot is ready NOW
Another great news release that no one new to the story will likely read.
I am new to this board but not new to the story. I am sure you all are as frustrated as I am by the lack of movement on record results and order PR.
The problem lies with the the outside IR firm and their choice of using globe for the PR. The vast majority of professional investors and traders filter services like this out of their newsfeeds. Thus, the only ones likely reading this are people familiar with the story like ourselves who already own the name and unless we up our stakes, the stock fails to move.
I have brought this to the company's attention repeatedly over the last year.
Maybe today will be different, but I doubt it.
It's ridiculous.
The greatest story never told.
They have a ridiculously small number of shareholders and while they are doing a nice job building the company, they do an absolutely horrible job with the PR. PR should bring new investors to the story and I doubt anyone new ever hears of this story by seeing a PR.
With the proper PR to the proper audience, this stock is easily 5x higher IMO
If they would ever learn how to write a decent press release, it would already be there.
Their headlines are horrible and they get zero new interest because of them.
Growth Accelerating
LITTLE RIVER, S.C., Nov. 18, 2015 /PRNewswire/ -- Integrated Environmental Technologies, Ltd. (OTCQB: IEVM) today announced that as of the end of the third quarter 2015, it was providing Excelyte® well maintenance treatments on 198 oil wells. This represents an increase of 14 oil wells, or 8%, over the number of wells under treatment in the second quarter 2015 and an increase of 163 wells, or 466%, over the number of wells being treated at December 31, 2014. The Company performed 367 Excelyte® well maintenance treatments in each of the second and third quarter 2015 and 1,076 treatments during the nine months ended September 30, 2015.
David R. LaVance, the Company's President and Chief Executive Officer, commented, "While our growth in the number of new oil wells slowed during the third quarter 2015, we are pleased that the number of Excelyte® well maintenance treatments has remained steady indicating our customers' satisfaction with our product. We believe that the slower growth rate of new wells using Excelyte® is primarily attributable to the overall budget constraints of our customers and an extended evaluation period for new products at the producer level, both of which are a direct result of the general downturn in the oil and gas sector resulting from the falling price of oil."
At the end of September 2015, the Company opened a production facility in Pecos, Texas to service the West Texas Region of the Permian Basin. The Company now operates three production facilities, one in the Uinta Basin in Utah, one in the New Mexico region of the Permian Basin and the above mentioned West Texas facility. The Company is in the process of opening a production facility in the Western Gulf Basin (Eagle Ford Shale) located in South Texas.
Mr. LaVance further commented, "With the addition of our facility in West Texas, the anticipated opening of our South Texas facility during the fourth quarter 2015 and the hiring of additional personnel in the oil and gas division, I believe we are in a good position to increase our growth rate in the fourth quarter 2015. We have already added 32 new oil wells in the fourth quarter, bringing the total number of oil wells being treated to 230."
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. Excelyte® well maintenance treatments are attractive to E&P operators because Excelyte® is both an effective biocide and a hydrogen sulfide scavenger that has been shown to reduce well maintenance costs and improve safety.
How quickly EP rolls out service to their wells will be the key to when.
I have no doubt the customers they have now have enough wells to get the company there, it's just a matter of getting them all rolled out and regularly serviced.
It's tough to gauge just yet but they should be on that kind of run rate by next summer some time at the latest. Adding depots may delay that but provide a much bigger upside.
Numbers were fine. The fundraising is for new depots. More depots = more customers. These guys do not open a depot unless they have presold a chunk of the production.
As the EP wells roll out and the new customers come on line, things should really get hopping. I cannot wait to find out who the new customers are and how many total wells they have. Remember, there are hundreds of thousands of wells that could benefit from our products and even a small capture rate will make this stock a home run.
Instead of selling shares, you should be buying more.
The financing is what it is, but I have definitely seen worse terms.
Size bidders around. Bidders firmly in control of direction. If you have been waiting to buy, do it now or forever hold your peace
For when and what time frame?
It's a microcap stock. That's how most of them trade. While there are a large number of shares outstanding, there are not very many shareholders total that own this. That is this company's main problem. Most investors do not know that they exist.
You clearly do not have a good understanding of the economics and the massive size of the market opportunity.
This company needs only about 500 wells to operate at breakeven. With only 2000 they should be nicely profitable.
They are well on their way with large company customers who are in little danger of going under.
The marginal companies will go under and wells will be shuttered. But large companies will continue to operate will have need for this product.
Congrats on your trade. When the pps is 50x up from where you sold, I imagine you might regret not holding on to a little.
Nice move today. People maybe finally starting to realize that his is a real company, with top notch management, and a gigantic market opportunity
The stock moved from 4 to 6 cents. A 50% move. It traded huge volume around 3.5-4.2 cents over the last few months and clearly finally cleaned up a seller and got over that level.
Any further good news will likely move this back to 9-10 cents quickly.
Size on the bid at a nickel, If he pays up, we could be off to the races again
.049 BID
.06 offer. I had a feeling.
Sweeps all offers up toe .043 and bid there. I think if we see a bid over .045 we might be off to the races
BID moves up and takes what is available at .038, now nothing till .0429. If I am correct, there is nothing really above that for real either.
IEVM catches a bid at .037 280K Shares, be interesting to see what happens here, I think the low 4's seller might be cleaned up and we could get a quick move to .05.
As far as the price per gallon, I am using a conservative number based on past company presentations. I am confident that my number is in the ballpark.
At various management presentations, David LaVance has indicated that the typical well averages 300-500 gallons per month. I took the midpoint of 400 x 12 x the number of wells in the area of 64,000 = 307,200,000. That would be a theoretical annual demand if they got them all. 5% of those would 15,360,000 gallons per year. Using a conservative $2 per gallon, you get 30 million plus of revenue at only 5% penetration,.
GREAT NEWS!!!
Put a depot where it can service 64,000 Wells. Thats about 300 MILLION Gallons of possible demand on an annual basis. If they get 5% of that, this stock is a monster home run. And that is just part of ONE BASIN.
Time to add some more....
Integrated Environmental Technologies, Ltd. Expands Operations Into West Texas
Company Opens Production Facility and Begins Delivery of Excelyte® in the Texas Permian Basin
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LITTLE RIVER, S.C., Oct. 8, 2015 /PRNewswire/ -- Integrated Environmental Technologies, Ltd. (OTCBB: IEVM) today announced that it has commenced operations at its production facility located in Pecos, Texas, which is the first production facility that the Company has opened in the Texas region of the Permian Basin. The Company has secured its first three customers for this facility, and is currently providing Excelyte® well maintenance treatments from this facility on 25 oil wells. The Company estimates that there are approximately 64,000 existing oil producing wells in West Texas that could benefit from Excelyte® well maintenance treatments.
The Company currently has three operating production facilities servicing the oil and gas industry, one in each of the Uinta Basin in Utah, the Permian Basin in New Mexico and the Permian Basin in West Texas. Each facility is currently capable of producing approximately 180,000 gallons of Excelyte® on a monthly basis.
David LaVance, the Company's President and Chief Executive Officer, commented, "We have opened this production facility in response to new customer demand in the Permian Basin and our expansion strategy into the state of Texas. I am pleased that we have established our Pecos facility and are already delivering Excelyte® to customers in that area. Excelyte® has been shown to be highly effective and provides substantial cost advantages to producers, both of which are key advantages for us in gaining traction within a marketplace that is now focused on reducing operating expenses and improving production efficiencies."
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 program consists 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.
About Integrated Environmental Technologies, Ltd.
Integrated Environmental Technologies, Ltd. is a publicly-traded company that operates through its wholly-owned operating subsidiary, I.E.T., Inc. All of the Company's products and services are marketed and sold under the umbrella brand name, EcoTreatments™. The Company markets and sells its anolyte disinfecting solution under the Excelyte® brand name, which is produced by the Company's proprietary EcaFlo™ equipment that utilizes an electrolytic process known as electrochemical activation to reliably produce environmentally responsible solutions for cleaning, sanitizing and disinfecting. Excelyte® solutions are EPA-registered, hard-surface disinfectants and sanitizers approved for hospital-level use and are also approved for use as a biocide in oil and gas drilling. The products can be used anywhere there is a need to control pathogens, bacteria, viruses, and germs. The Company's EcaFlo® equipment also produces a cleaning solution that the Company markets under the Catholyte Zero™ brand name. Catholyte Zero™ solutions are environmentally friendly cleansers and degreasers for janitorial, sanitation and food processing uses. To learn more, visit www.ecotreatments.com.
Forward-Looking Statements
Statements about the company's future expectations and all other statements in this press release other than historical facts are forward-looking statements. Such statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from expected results. Among these risks, trends and uncertainties are economic conditions both generally and within the industries in which the Company may participate; competition within the Company's chosen industries, including competition from much larger competitors; technological advances; available capital; regulatory approval; and failure by the Company to successfully develop or acquire products and form new business relationships. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results could
Delivered by fooling some clueless investors into taking the other side of those trades.
well I guess those of us warning you all at the top got proven correct.
There actually are real companies that have great prospects and management that trade for 3 cents. Search my posts and you will find one.
Go listen to the presentation from Enercom last week. They have 2 depots coming on line soon, which will give them 4.
A typical well takes 4-600 gallons per month.
Each depot has production capacity of 465,000 gallons per month.
Using 600 gallons per well that would mean each depot can service 775 wells.
That means at a minimum they will soon have capacity to service 3,100 wells and currently could service over 1500 today if needed.
From the Yahoo Board Good day to add today:
Before my retirement I worked on offshore rigs for SEDCO and ENSCO, than I moved on to EXXON. The drilling business is a small but close fraternity. As a subcontractor it takes time to prove that your product is real and will do the job. IEVM broke the, shall we say, fraternity. Many competitors to EP are looking. If the buzz is that Excelyte is the scavenger that works and is a money winner, the copy cats will come. I have owned IEVM for over a year, after reading and article on RigZone. I knew it would brake in. This new management is with it!
It was at .08 prior to the guy beginning his selling at as high as .10 last fall when they had only begun testing. Now they have 4-5 real customers and they are opening 2 new depots soon. That puts them on pace to have about 750 wells serviced which would make them likely profitable.
I think the stock could easily be 15 cents in short order
Still not really back to where it was before that fool puked up all his stock. The presentation was great. It's not too late