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World Environmental Technologies Signs Revenue Sharing Agreement
Crystal City, TX— In an effort to expand business opportunities and to offer industries technologies to facilitate compliance with federal and state environmental regulations, Ecoloclean Industries, Inc. announced that their subsidiary, World Environmental Technologies, Inc. (WET), has entered into a General Revenue Sharing Agreement with Coale’s Environmental Systems, Inc. (Coale). Coale’s business activities encompass methods to decrease and eliminate contaminants in diesel fuel via the Coale Separator. The Coale Separator is a mobile fuel-scrubbing unit that reduces abrasive sediments and corrosive degradation in combustion engines by removing contaminants such as sulfur content, oxidation, water, dirt, sand and sludge. The Coale Separator effectively separates these liquid and solid particles from diesel fuel, thereby allowing only purified fuel to reach combustion engines. In most cases this technology restores contaminated fuel to 99.9% pure.
This General Revenue Sharing Agreement allows WET to commercialize, operate, market and lease the Coale Separator and its processes to industries that store diesel and/or ethanol or use combustion engines. WET will have the exclusive rights under the patents for the Coale Separator to market to any industry using combustion engines.
Mike Richardson, President of World Environmental Technologies, Inc., stated, “The national market for the Coale Separator is substantial and continues to grow as federal regulations for sulfur levels in diesel are expected to become more stringent by 2006. These new regulations will significantly decrease the shelf life of stored diesel. Using the Coale Separator will keep stored diesel fuel within the federal regulatory requirements and also maintain the current shelf life of 28 days. Through this General Revenue Sharing Agreement, we are keeping with our business plan to offer a comprehensive contaminant remediation package for our clients.”