Published 04-16-02
Submitted by Summit Environmental Corporation, Inc
LONGVIEW, Texas - Summit Environmental Corporation, Inc (OTCBB:SEVT) recently executed a Joint Venture Agreement with Earth Safe Technologies for various projects for product sales and services in Mexico.
The agreement creates a mutual working relationship for sales of FlameOut(R) and some of the other Summit Environmental Ultimate Cleaners. Additionally, environmental clean-up projects will become part of the Joint Venture's efforts. The parties will share equally in the profits of their efforts. Summit will be selling its products to the Joint Venture at wholesale.
In December 2001, Summit's flagship product, FlameOut(R) was certified as an acceptable fire suppression agent to be used both in bulk and in handheld 2 1/2 gallon fire extinguishers by Pemex, the National Oil Company of Mexico, in their Exploration and Production divisions.
FlameOut(R) liquid fire suppressor is beginning to receive certifications from a myriad of tests, which have been going on around the globe. Recently, FlameOut(R) was approved for use in Poland as a substitute for AFFF. Another long awaited approval for FlameOut(R) was completed in Chile in January.
Approval in the Mercursor region of South America (Argentina, Brazil, Uruguay and Paraguay) is expected in the near future. The Polish and Chilean certification along with approval from Pemex can be viewed on Summit's official website at http://www.summitenvironmental.com.
"We currently are working on samples of contaminated soil and water from lagoons for a variety of issues, using several of our environmental cleaners. There are over 2000 contaminated sites scheduled for clean-up over the next four years. The formation of the Joint Venture includes the environmental consultant for these projects as a part to the Joint Venture," states Keith Parker, CEO of Summit.
Except for the historical information contained herein, the matters set forth in today's presentation are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995.
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