To the Shareholders of MOP Environmental Solutions Inc.:
On November 26, 2008, we completed an asset purchase transaction with Silver Star Capital Holdings Inc. This transaction included the transfer of certain rights and obligations under an Intellectual Property License and Option Agreement for the manufacture and sale of MOP Maximum Oil Pickup. Included in the transaction we sold machinery and equipment used to produce MOP and, in consideration of these assets, our shareholders will receive one share of Silver Star Capital Holdings common stock (OTC: SSTA) for every seven shares of MOP Environmental Solutions common stock owned as at the transaction date (October 16, 2008).
The shares of common stock which you will be receiving are the result of an issuance made as payment for the assets purchased by Silver Star Capital Holdings, not an exchange. You retain your respective ownership interests in the company as shareholders of MOP Environmental Solutions.
Going forward, we plan to focus on the production and sale of energy derived from the oil recovered from used MOP products (“Oil Saturated MOP”). In this pursuit we will be working directly with ECO-Science & Technology Inc., a wholly owned subsidiary of Silver Star Capital Holdings engaged in the manufacture, distribution and sale of MOP products and equipment. We estimate that energy produced from Oil Saturated MOP will generate revenues in excess of $1 million within the next 12 months of operations.
In addition, management plans to acquire Bath Electric Power Company (BEPCO), an independent hydro-electric power plant located in Bath, New Hampshire in a transaction valued at approximately $3.2 million.
The transaction with Silver Star Capital Holdings and the acquisition of BEPCO is consistent with a newly adopted business strategy which seeks restructure the company as a producer of GREEN electric energy and alternative GREEN fuels derived from waste materials otherwise destined for landfills.
We are excited about our opportunities as an energy company utilizing innovative and thoroughly proven technology. Our business proposition presents a wide range of benefits surpassing any presently known alternative for producing low cost GREEN fuel and energy, and will create significant value for all of our stakeholders.
For additional information or questions, please feel free to contact me by email at: mop@mopenvironmental.com
Yours faithfully,
Charles Diamond
President
Statement Regarding Forward-Looking Statements.
Forward-looking statements in this correspondence are made 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, constitute forward-looking statements. These forward-looking statements are not guarantees of the company's future performance and are subject to risks and uncertainties, such as success in acquiring funding for machinery and materials, maintaining needed government relationships, customers, and successfully executing their business plan, which could cause the company's actual future results to differ materially from the forward-looking statements.
Website: www.mopenvironmental.com
Contact:
MOP Environmental Solutions, Inc.
Product Information: Tim Crowley, 1-888-747-2200
mop@mopenvironmental.com
