Geotec, Inc. Completes Initial Patenting Documentation
DELRAY BEACH, FL, Jun 18, 2008 (MARKET WIRE via COMTEX) -- Geotec, Inc. (PINKSHEETS: GETC) announced today that it has compiled and prepared the documentation to file its initial patent applications. Drinker Biddle & Reath LLP of Berwyn, Pennsylvania has been engaged to file Geotec's patents in the United States and Worldwide.
The patent applications will include the protein and enzyme processing, cleaning and purification of pre-combustion solid, liquid and gas hydrocarbons. Parts of the patent application will include the lowering of metals, mercury, sulfur and other hydrocarbon contaminants that will decrease the air emissions of Nitrogen Oxides (NOx), Carbon Dioxide (CO2) and Sulfur Dioxides (SO2) and fine particles. These patents will describe the process for the production for bio-diesel/jet fuel and marine bio-diesel in a bio-refining program. Geotec's enzyme/protein patents will cover the transesterification of ethanol into bio-fuels and bio-crude, environmental remediation, preliminary stages of carbon sequestration and its process to decontaminate gases containing impurities.
These patents will enable Geotec to develop its "GeoRich" family of bio-friendly fuels. The patents will cover its own fuels to operate its mining, bio-refining facilities and ground and marine shipment of "GeoRich Fuels."
The sequestration of carbon dioxide, sulfur dioxides, nitrogen oxides and other contaminates from the post-combustion of hydrocarbons will also be disclosed.
About Geotec, Inc.
Geotec, Inc. (PINKSHEETS: GETC) is a Green Energy Technology Company with operations in the United States and Argentina. It utilizes proteins and enzyme technology to chemically convert hydrocarbons to commercially produce higher-value coal. The technologies are used on hydrocarbons, such as coal or oil, to reduce heavy metals and other contaminants such as sulfur, arsenic and mercury. It can correct pollution in the air, water or soils. In addition, the Company owns process technologies that can remediate hydrocarbon-contaminated soils. The Company's assets in Argentina are comprised of the mineral rights in seven Asphaltite (high-volatile hydrocarbon material) mines.
Safe Harbor
Statements in this release, which relate to other than strictly historical facts, including statements about the Company's plans and strategies, as well as management's expectations about new and existing products and services, technologies and opportunities, market growth, demand for new and existing products and services, are forward-looking statements. The words "believe," "expect," "anticipate," "estimate," "project," "intend" and similar expression identify forward-looking statements that can speak only as of the date hereof. This press release contains certain forward-looking statements regarding Geotec, its business prospects and results of operations that are subject to certain risks and uncertainties posed by many factors and events that could cause Geotec's actual business, prospects and results of operations to differ materially from those that may be anticipated by such forward-looking statements. The Company assumes no obligation to notify of any changes, other than material events as required by the Securities and Exchange Commission. Readers are urged to carefully review and consider the various disclosures made by Geotec in this new release and other reports filed with the Securities and Exchange Commission that attempt to advise interested parties of the risks and factors that may affect Geotec's business.
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