Tuesday, April 21, 2009 11:20:29 PM
Press Release Source: Enzyme Environmental Solutions Inc.
Enzyme Environmental Solutions Announces Merger With Enzyme Consultants Organization
Tuesday May 6, 2008 5:15 pm ET
FORT WAYNE, IN--(MARKET WIRE)--May 6, 2008 -- Enzyme Environmental Solutions Inc. (Other OTC:EESO.PK - News) CEO S. Jared Hochstedler announced today that he has decided to merge Enzyme Consultants Organization (ECO) into EESO.
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CEO Jared Hochstedler stated, "ECO has been the distribution arm and owner of all 35 proprietary formulations for all of the EESO products. Now that ECO is fully engaged in several major international distribution agreements, I feel it is time to bring as much value as possible and as quickly as possible to the shareholders of EESO."
Hochstedler went on, "EESO will now own all of the formula for the environmentally friendly sustainable products. If you put a conservative valuation to each formula of $50,000 each that will add an intellectual property value of $1.75 million (USD) to EESO. Building shareholder value is a top priority to me and I am extremely pleased to add the value of ECO at this time.
"There are many things taking place this week. Our fully automated bottling machine is being delivered soon, there are many initiatives taking shape from the Indiana Petroleum Tradeshow, in addition there are new lines of products in the Medical field that ECO brings to the company. With all of the new business initiatives and marketing campaign, I want to be open with the shareholders of EESO. Many of the opportunities that are in play require funding. Therefore, I would like to announce that over the next day or so I will be authorizing the issuance of up to 125 million shares that will be used to fund the company efforts and marketing to advance to the next level.
"I would also like to announce that I have retained the services of Brian Kistler, CEO of New Opportunity Business Solutions as Financial Consultant and Corporate Communications to assist me in planning out the future funding for EESO. Brian and I have known each other from the early days when I started ESI. With his knowledge of the markets I felt it was time to bring his expertise to the company. Brian's knowledge of how to structure financial packages so that they are as company friendly as possible will prove to be extremely valuable to the company. I want to clearly state that Brian is not receiving any of the newly issued shares," stated Hochstedler.
Kistler commented, "Jared and I go back several years and I am impressed with his passion and desire to grow the company the right way. I am looking forward to assisting Jared as we move forward. Any financial dealing will have shareholder value as a top priority and will be structured as reasonable and prudent manner as possible."
The company would also like to encourage all interested parties to watch for a YouTube video release later this evening which will further discuss the events announced in this release.
This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning it expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete the acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company's public announcements.
Contact:
Contact:
Enzyme Environmental Solutions, Inc.
Jared Hochstedler
President/CEO
http://www.enzymeenvironmentalsolutions.com
Brian Kistler
(260) 450-8823
Source: Enzyme Environmental Solutions Inc
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