We began 2010 by delivering the final units to our second fleet of Ecos Frac units to provide water processing services for fracturing natural gas wells in the Fayetteville Shale. Highlights include:
? As evidence that the Ecosphere Ozonix? process is breakthrough technology, we received three patents for our Ecosphere Ozonix? process from the U.S Patent and Trademark Office under the new Green Tech Fast Track program. Patent numbers 7,699,994, 7,699,988 and 7,785,470.
? Our revenues of $2.1 million for the first quarter and $2.1 million for the second quarter and $2.2 million for the third quarter were records for operating revenues in any quarter, a 981% increase compared to the first quarter of 2009, a 1,288% increase compared to the second quarter of 2009 and a 513% increase compared to the third quarter of 2009.
? In January and February we performed paid pilot programs for British Petroleum in Wyoming and for Southwestern Energy in Arkansas.
? We converted all of our remaining convertible debt, a reduction of $2.5 million since December 31, 2009
? We filed additional patents for applying our Ecosphere Ozonix? technology using our Ecosphere Oxonix? technology to raise oil in a concentrated column of ozonated bubbles from below the surface of the ocean.
? The Company deployed personnel and equipment to the Gulf in an attempt to secure a contract. See further discussion on page 34.
? In August, we signed a new 13 month agreement to process frac flowback water for a subsidiary of Newfield Explorations for a monthly flat fee.
Having lived in Oklahoma for 30 years now I know the Hefner's are low key and good people. Built a Family name that is long standing and influential. Outside of that I could not tell you a whole lot more.
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