Wednesday, June 04, 2008 3:05:29 PM
"...Work and negotiations continue with companies on the Barnett Shale, outside of Fort Worth, Texas. According to Mr. Adams, ``Our results have been positive in a relatively short period of time. In little more than two months we are testing the E-C WaterPure System(tm) with key industry and community stakeholders..." (Emphasis added) They must be "testing" the ECCI technology with a "Mobile Unit. And the later PR implies the testing was a success.
The most recent press release implied ECCI had gone beyond testing work and was proceeding with construction on the Barnett Shale of a stationary unit. Do you do that without a contract?
05/15/08 PR:
"...The Stationary E-C WaterPure(tm) System Program calls for our partners -- customers to build the required housing and infrastructure to support a much larger unit. The equipment will be leased and serviced by ECCI and the plan requires multi-year leases,' said John Adams, COO."
No, I think the market is underestimating the reality of what is happening. And ECCI is not pumping its stock with the news cycle.
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