MSE Enviro-Tech Corp Acquires SITTM Technologies Inc.; Expands Product Offering MSE Enviro-Tech Corp (PINKSHEETS: MEVT) (FRANKFURT: MEH) announced today that it has completed the acquisition of SITTM Technologies Inc.
About SITTM Technologies Inc.
Headquartered in Sault Ste Marie, Canada, SITTM Technologies Inc. ("SITTM") has extensive experience in the manufacturing and sale of value added formed products from biodiesel. With partner Coop Algoma Ag Centre, SITTM has been providing a blend of B5-B10 biodiesel to the City of Sault Ste Marie Transit Commission since January 2010.
For more information, please visit www.sittm.ca.
Mr. Norman Jaehrling, CEO of SITTM, stated, "We're excited to be working with MSE Enviro-Tech, and to make use of their ability in developing significant distribution channels and in raising additional funding to support continued corporate growth. The timing of this acquisition is key because SITTM recently completed a significant R & D phase and currently holds a lineup of market-proven products, ready for distribution."
MSE Enviro-Tech's Chairman & CEO, Mr. Gilles Trahan reported, "SITTM's line of value added products permits the Company to access new markets by displacing a variety of petroleum-based products in the automotive and construction industries. SITTM has developed significant expertise in developing and taking new environmental products to the marketplace which will be of significance to MEVT as it continues to deploy its FI-88 fire inhibitor."
To support the integration of the companies, and to enhance corporate governance, SITTM's president Dr. Luc C. Duchesne has been appointed to the Board of Directors of MSE Enviro-Tech Corp. Dr. Duchesne has acted as a consultant to a variety of government's and currently serves as a Director to several public and private boards, including Bio-Carbon Systems International, Grid Cloud Solutions Inc. and the Autism Canada Foundation. Dr Duchesne has in-depth knowledge of the regulatory, commercial and environmental issues associated with introducing new environmental products and services to the marketplace.
For further corporate information and/or to subscribe for regular news updates from MSE Enviro-Tech Corp, please visit: http://www.mseenviro-tech.com/
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