In Quarterly
Management’s Discussion and Analysis
EnviroXtract, Inc. has acquired a license for 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 up to 99.9% 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 plans to implement a schedule of testing its proprietary thermal process for extraction of 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. Upon completion, the results of these tests and subsequent analysis should be updated on the EnviroXtract website, www.EnviroXtract.com.
EnviroXtract plans to pursue its business model for licensing the technology to industry and government agencies involved in various environmental mitigation applications.
Management issued the following public statement:
Edmond, OK, May 11, 2010 – EnviroXtract, Inc. (PINK SHEETS: EVXA) Management has issued the following statement in response to inquiries regarding its possible participation in the current Gulf of Mexico oil spill cleanup effort:
“EnviroXtract Management is keenly aware of the environmental disaster currently unfolding in the Gulf of Mexico. This is an unexpected tragedy for us all. Although the technology is capable of removing oil from affected soil, Management could not have anticipated in its business plan or funding requirements the scale at which it would be required to operate in order to effectively participate in the cleanup effort at this time. Management is reassessing the Company’s financial needs and is currently seeking funding to expand its capacity to participate in future cleanup efforts. Should the Company be successful in obtaining the necessary funding, it will endeavor to implement expansion plans which might provide future opportunities to participate in the ongoing Gulf of Mexico oil spill cleanup effort.”
