Green Mountain Development Corp (GMND)

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Posted by: hosey74
In reply to: None Date:8/21/2007 8:50:57 AM
Post #of 1072420

SSWM, huge DD from BUGS board:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=22233035

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Posted by: PRXT70000ft
In reply to: None Date:8/21/2007 8:42:22 AM
Post #of 1481

Remember this?!! Pemex was on Fox news this AM talking about how they are already making plans for post hurricane recovery!!!!
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March 28, 2007 - 8:45 AM EST
Pemex Oil Requests SSWM Rapid Cleanup Technology ASAP
Bio-Raptor™ to be used on Oil Drilling and Pipeline Sites

Sub-Surface Waste Management of Delaware, Inc. (OTCBB:SSWM), announced that its Mexico subsidiary company, Environmental Tec International, S.A. de C.V. (ETI), recently completed its presentation to top Pemex Oil company officials who directed ETI to immediately schedule site visits and submit cost proposals to demonstrate the patented Bio-Raptor™ environmental cleanup technology at one or more oil drilling/pipeline sites in southeast Mexico as a prelude to its possible use throughout Pemex production and pipeline facilities in Mexico.

The Bio-Raptor™ patented technology is registered as an approved cleanup technology in Mexico with SEMARNAT, a Federal regulatory agency, and has been used previously on a $1.5MM project in Torreon. The ex situ, above-ground, technology treats up to 500 cubic yards/hour of soil contaminated with hydrocarbons such as oil and diesel found at drilling sites and pipeline spills.

Pemex, the Mexico Federal oil company, has experienced many pipeline spills after 15 years of reduced maintenance of Pemex facilities and pipelines, some of which are 40 years old, because high taxes don't allow the company to keep enough of its own profit for investment. The company recently spent $1.5 billion to maintain oil pipelines and has shut down or reduced the use of 7 pipelines considered to be at risk in the southern states of Tabasco and Veracruz. Mexico City-based Pemex plans to double annual spending on maintenance to $3 billion for the next three years using approved cleanup technology like the Bio-Raptor™.

Bruce Beattie, CEO of SSWM stated, “We are very excited to demonstrate our rapid cleanup technology to Pemex and are actively working with them to select one or more appropriate sites of concern. Their commitment to invest significantly in the remediation of existing facilities means we have many projects to choose from and a large backlog of potential future work. The Bio-Raptor™ technology has shown to be very successful in our Torreon project and is especially well suited for Pemex cleanup projects. Upon subsequent award of potential contracts to clean-up sites in the Mexican “oil patch”, ETI will have succeeded in securing work with both energy companies owned by the Federal government.