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Solucorp Signs Sales/Distributor Agreement With Amerisafe

Published on 2005-03-23. Author : SpecialChem

FT. LAUDERDALE, Fla.-- Solucorp Industries announced it has signed a Sales/Distributor Agreement with Amerisafe, located in Aurora, Illinois to promote, purchase, sell and distribute its' IFS lead abatement product line, particularity the RE-ME-DI-ATE lead paint stripper. The Sales/Distribution Agreement will include Amerisafe's present client base and future opportunities within the territories of Illinois, Southern Wisconsin and Northern Indiana. The Agreement was culminated after Amerisafe successfully utilized RE-ME-DI-ATE and found it to be "an exciting cost competitive innovative product both for its stripping ability and effectiveness in remediating hazardous lead contaminated paint to non-hazardous levels." Amerisafe will also be selling the IFS Remediation Slurry and IFS RE-ME-DI-ATE Lead Paint Blasting Media Additive to their clients.

Amerisafe was started in 1976 and is a leader in the Safety Supplies and Services Industry in the Midwest. They have gained the reputation for bringing new innovative products to the market and supplying Contractors with lead abatement and other products with tremendous speed and the highest quality of service. Amerisafe has recently moved operations into a new 80,000 square foot state-of-the-art building on the Naperville-Aurora, Illinois border. Amerisafe is a Luse Holdings Company subsidiary. Luse started in 1923, offers contracting services from "start to finish" for Commercial/Industrial Insulation, Asbestos/Lead Abatement and other Environmental Remediation projects in the Midwest where their expertise has spanned to literally thousands of successful projects.

Rich Runco, President of Solucorp states, "the Agreement with Amerisafe conforms with Solucorp's business strategies. Through our relationship with Amerisafe, these IFS products will further penetrate this high profile market. Amerisafe has the exact type of corporate make-up that we are looking for and gives Solucorp's innovative products entrance into these established markets."

As mentioned in our previous Newswire of December 7, 2005, manufacturing, production, packaging, and distribution operations are in place and IFS intends to actively establish Sales/Distribution Agreements throughout the United States as well as overseas.

About Solucorp

Solucorp Industries, Ltd., a Canadian corporation is parent to three U.S. corporations including: Solucorp Industries, focusing on the metals remediation and pollution prevention industries. Solucorp's patented MBS® technology began development over twenty years ago and offers a permanent solution to heavy metals pollution problems. Solucorp's MBS® has also undergone U.S. EPA MEP (Multiple Extraction Procedure) testing demonstrating its ability to prevent the return of metal pollution for in excess of 1,000 years. Since being patented, MBS® has been used throughout the United States and Canada as well as the UK, Italy, China and Argentina. This technology is also presented in a publication produced by the EPA titled Superfund Innovative Technology Evaluation (SITE) Program, Technology Profiles 10th Edition, and Demonstration Program.

The Integrated Fixation System (IFS) technology was developed from Solucorp's EPA SITE Program proven MBS® process. The IFS technology deals with pollution prevention rather than existing contamination problems. IFS can be integrated into many types of product applications. IFS prevents future contamination from metals such as lead, mercury, arsenic, chromium (hex or tri), cadmium, zinc, nickel, selenium, antimony, barium, beryllium, silver, thallium and vanadium. IFS can be added to pollutant-bearing products such as batteries, paint strippers, bullets, filters, computers, lamps, switches appliances, etc. IFS can be applied through a multitude of delivery systems both as solids and non-solids. The solid compound delivery systems include, for example, blocks, tablets, spikes and flakes. Some examples of non-solid delivery systems include laminates, inks, pastes, powders, gels, and slurries. IFS can be designed to activate and release under conditions such as exposure to light, pressure, acids, natural oxidation, etc. IFS has no limitations in how and where it can be integrated into metal containing products. Customized products can be designed and manufactured to meet specific needs.

The Company's objective is to be the leader in the field of pollution prevention of heavy metals contamination at the manufacturing source. In regards to this, the Company has also filed numerous "next generation" patents on the foundation of its MBS® and IFS patents with the U.S. Patent and Trademark Office (USPTO). A number of these "next generation" patents have been filed as provisional applications by the Company in 2003 and 2004 and products have been developed and tested including an air pollution control patent to treat mercury vapor emissions from coal fired furnace power plants. This air pollution system was showcased and tested by the Energy Environmental Research Center (EERC) in North Dakota. The test was sponsored by the U.S. Department of Energy (DOE) and a consortium consisting of coal burning energy companies which are directly affected by recent federal regulations mandating a 95% (percent) reduction in mercury emissions into the environment by the power plants. Most of these provisional patents have since been filed for regular patent status. These include IFS patents for paint stripper, air filters and self-remediating projectiles (ammunition).

WITS Inc., founded in 2001 and purchased by Solucorp in June 2004, is capable of supplying package systems to treat contaminated wastewater as low as 20 gallons per minute and upwards of 200 gallons per minute. By installing multiple package systems, flows greater than that can be achieved. In addition to pricing advantages, the WITS package produces a better water end result without using harmful chemicals. The major water/wastewater areas where the WITS' package can be utilized with significant benefits includes water utilities; wastewater utilities; sludge processing; combined sewer overflows; industrial pretreatment; offshore oil rigs; livestock industry and in food & beverage industry wastewater, automotive/metal processing discharging, recyclable water recovery and phosphorous removal. WITS also has a network of representatives throughout the Country to promote their technology. This wide range of uses provides Solucorp with the ideal complement to its remediation and metals pollution preventive proprietary technologies.

The foregoing discussion contains forward-looking statements, which are based on current expectations. Actual results, including the timing and amount of revenues recognized, contracts awarded and performed and net income may differ due to such factors as: delays in payment on contracts due to dealings with governmental and foreign entities; fluctuations in operating costs associated with changes in project specifications; economic and other conditions affecting the ability of prospective clients to finance projects; and other risks generally affecting the financing of projects. Investors are cautioned to perform a proper due diligence and consult licensed professionals prior to making an investment decision.

Source: Solucorp Industries


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