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EVXA Announces Executed Letter of Intent to Acquire Technology License for Biomedical Red Bag Waste Incineration
Fri, December 11, 2009 3:01:21 PMFrom: OTCReporter




Issue# 1747
December 11, 2009


EVXA Announces Executed Letter of Intent to Acquire Technology License for Biomedical Red Bag Waste Incineration

EDMOND, Okla., Dec. 11, 2009 (GLOBE NEWSWIRE) -- EnviroXtract, Inc. (Pink Sheets:EVXA - News ) announced today that it has executed a Letter of Intent with RTEX Industrial Supply, Inc. to acquire a technology license for a proprietary process to efficiently incinerate biomedical 'red bag' waste and other biohazardous materials.



Carlton Wingett, President/CEO of EnviroXtract states, "The RTEX biomedical and Red Bag waste incineration system could generate almost-immediate revenues for EnviroXtract upon successful implementation on a local or regional scale. The process appears to integrate well with our own proprietary thermal technologies to create another promising application which should enhance the 'green' EnviroXtract environmental remediation business model and create additional potential revenue sources for EnviroXtract."



Biomedical waste consists of solids, liquids, sharps, and laboratory waste that are potentially infectious or dangerous. Biomedical waste must be properly managed to protect the general public, specifically healthcare and sanitation workers who are regularly exposed to biomedical waste as an occupational hazard.



Biomedical waste differs from other types of hazardous waste, such as industrial waste, in that it comes from biological sources or is used in the diagnosis, prevention, or treatment of diseases. Common producers of biomedical waste include hospitals, health clinics, nursing homes, medical research laboratories, offices of physicians, dentists, and veterinarians, home health care, and funeral homes.



About EnviroXtract, Inc.:



EnviroXtract, Inc. has developed an efficient technology to perform environmental remediation applications for oil spills and other toxic chemical remediation applications which require a complete separation of hazardous or toxic chemicals from contaminated soil. The technology has proven capable of removing virtually 100% of oil from soil. is extremely energy efficient. leaves clean, dry tailings with no residual oil. requires no water, natural gas, fossil fuels, or chemicals during processing. discharges no pollutants. and is capable of capturing carbon emissions in a closed vacuum processing system.



EnviroXtract will implement an aggressive schedule of testing its proprietary thermal process for extraction of various hazardous and toxic materials from soil samples. The Environmental Protection Agency (EPA) maintains a Toxic Release Inventory of 581 individually listed chemicals and 30 chemical categories which require removal and mitigation under federal regulations. Independent third-party analysis and verification will measure the effectiveness of the EnviroXtract thermal process in removing many of these toxic chemicals from soil samples. The results of these tests and subsequent analysis will be updated regularly on the EnviroXtract website, www.EnviroXtract.com . EnviroXtract plans to explore additional environmental remediation applications to enhance its business model.


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ENVIROXTRACT, INC
Stock Symbol :: EVXA E-Mail this Article to a Friend
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ENVIROXTRACT, INC (EVXA) EnviroXtract, Inc. utilizizes its proprietary technologies to perform environmental remediation applications for oil spills and other hazardous chemical remediation applications.
Recent Price $.014
Market Capitalization $5.65M
Est Float 390M
Outstanding Shares 404M
Quotation OTC.PK

Enviroxtract, Inc.

6175 Plumtree Lane
Edmond, OK 73034


Phone: [phone]
Fax: [phone]
http://www.enviroxtract.com Similar Companies in Sector

· VeruTEK Technologies, Inc. is engaged in developing and commercializing technologies in the field of environmental remediation. The Company provides technical and consulting services to clients to resolve complex environmental remediation matters at a range of waste sites, principally by combining surfactant and oxidant chemistries. The Company has developed new clean and green technologies using food-grade surfactants and food additives that remove contamination without risk to humans or the environment. OTCBB:VTKT Recent Price: $1.04

· PDG Environmental, Inc. is a holding Company, which, through its wholly owned operating subsidiaries, provides environmental and specialty contracting services, including asbestos and lead abatement, microbial remediation, emergency response, loss mitigation and reconstruction, demolition and related services throughout the United States. OTCBB:PDGE Recent Price:$.08



Current Projects
EnviroXtract, Inc. Completes Asset Purchase

EnviroXtract, Inc. recently announced that it has closed on its previously announced purchase of the assets and business operations of EnviroXtract, Inc. The purchase included $1,600,000 in assets and worldwide licenses for environmental clean-up/mitigation technologies currently owned and developed by EXI. EnviroXtract, Inc. has developed an efficient technology to perform environmental remediation applications for oil spills and other toxic chemical remediation applications which require a complete separation of hazardous or toxic chemicals from contaminated soil.
EnviroXtract, Inc. Announces Corporate Updates; Carlton Wingett Elected President
EnviroXtract, Inc. has announced the following corporate updates: The Board of Directors has elected Carlton Wingett as President of EnviroXtract. Mr. Wingett also holds the position of Chief Executive Officer of EnviroXtract and is also a Director of the company. Carlton Wingett is a co-founder, President and CEO of EnviroXtract, Inc. Mr. Wingett is a business professional with over thirty years experience in business and operations management, specializing in technical and project management. He has held senior technical and management positions with some of the world's largest companies.



Company Overview
EnviroXtract, Inc. (OTC.PK: EVXA)
Their innovative technology is efficient for environmental cleanup applications that involve processing of oil spills and other hazardous chemicals.


Removes virtually 100% of oil and toxic chemicals
Is extremely energy-efficient
Requires no water, natural gas, fossil fuels, or
chemical catalysts
Discharges no pollutants
Captures carbon emissions in a closed vacuum system
Their proprietary environmental remediation concept utilizes a coupling of electromagnetic and electrostatic energy sources in a closed vacuum environment. This emerging technology is based upon their experience with similar advanced applications. Their unique process can break even the most stubborn chemical bonds, creating a complete separation of petroleum, chemicals, and organic matter from both rock and soil.

They continue to identify new environmental applications and develop solutions founded upon their base technologies. Their goal is to propel a series of proven applications from concept to successful commercialization.


EnviroXtract, Inc. (EXI) has developed an efficient technology to perform environmental remediation applications for oil spills and other toxic chemical remediation applications which require a complete separation of hazardous or toxic chemicals from contaminated soil. The technology has proven capable of removing virtually 100% of oil from soil... is extremely energy efficient... leaves clean, dry tailings with no residual oil... requires no water, natural gas, fossil fuels, or chemicals during processing... discharges no pollutants... and is capable of capturing carbon emissions in a closed vacuum processing system.

EnviroXtract will implement an aggressive schedule of testing its proprietary thermal process for extraction of various hazardous and toxic materials from soil samples. The Environmental Protection Agency (EPA) maintains a Toxic Release Inventory of 581 individually listed chemicals and 30 chemical categories which require removal and mitigation under federal regulations. Independent third-party analysis and verification will measure the effectiveness of the EXI thermal process in removing many of these toxic chemicals from soil samples. The results of these tests and subsequent analysis will be updated regularly on the EnviroXtract website. EnviroXtract plans to explore additional environmental remediation applications to enhance its business model.



LEADERSHIP

Carlton Wingett, CEO
Carlton Wingett is a co-founder and CEO of EnviroXtract. Mr. Wingett is a business professional with over thirty years experience in business and operations management, specializing in technical and project management. He has held senior technical and management positions with some of the world’s largest companies, including IBM Global Services, McKesson/HBOC, and First Data Corporation. Mr. Wingett has served on the board of directors of private and publicly traded companies, and has established and operated successful businesses spanning various industries. He attended Evangel University in Springfield, Missouri.


Dennis Atkins, CFO
Dennis Atkins is a Certified Public Accountant and co-founder of EnviroXtract. Mr. Atkins has over twenty years experience in public accounting with extensive experience in business and personal tax planning and preparation including the use of offshore domiciles for income tax benefit and asset protection, public and private company auditing, and business consulting. Mr. Atkins has served on the board of directors and as Chief Financial Officer for various private and publicly-traded companies. He is a member of the American Institute of Certified Public Accountants and holds licenses in Oklahoma and California. Mr. Atkins holds a Bachelors Degree in Accounting from Oklahoma State University and a Masters Degree in Accountancy from the University of Oklahoma.




Market Snapshot




News
EVXA Announces Executed Letter of Intent to Acquire Technology License for Biomedical Red Bag Waste Incineration
December 11, 2009
EVXA Announces Negotiations to Acquire Technology License for Biomedical 'Red Bag' Waste Incineration
December 7, 2009
New featured Report on OTCReporter.com EVXA
December 7, 2009


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