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Environmental Solutions Worldwide Issues Corporate Update
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Environmental Solutions Worldwide Issues Corporate Update
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For Immediate Release
Environmental Solutions Worldwide Issues Corporate Update
CANADA, ONTARIO, MARKHAM, Jun. 6 -/E-Wire/-- Environmental Solutions Worldwide, Inc. (OTCBB:ESWW), a company that develops, manufactures and markets environmental
technologies, today issued a corporate update relative to its internal and external
testing of its Enviro-Cat(TM) and Clean Cat® products, its ongoing financing
initiatives and the proposed additions to its executive management team.
Environmental Solutions product testing was launched in April and May 2001 in
conjunction with potential clients that include a major automotive manufacturer and
several retrofit and replacement distributors in both the United States and Europe.
These prospective customers requested in-house testing be performed prior to their
placement of orders. Initial results of the testing have been favorable; comprehensive
results are expected to be available and announced shortly.
Bengt Odner, Chairman of ESWW, commented, "We have been rapidly moving toward
increasing our present sales volume and have been successful at attracting the
attention of several notable companies. With the requested testing reflecting positive
results, we are confident that our products will demonstrate that they will perform at
optimal levels for each of the respective new customers' engines and ultimately result
in enhanced order flow to Environmental Solutions.'
Continuing, Odner added, "Delivery of our Enviro-Cat and Clean Cat products to
existing customers continues to earn the Company high marks for fulfilling orders
timely and efficiently.'
The Company reported that management is in discussions with potential strategic
funding partners for long-term financing of our operations.
In addition, Environmental Solutions noted that presently it is in advanced
negotiations with a high profile professional executive with extensive experience
operating within the automotive parts industry, and hopes to announce his addition to
the management team in the next several weeks.
About Environmental Solutions Worldwide, Inc.
Headquartered in Toronto, Environmental Solutions Worldwide, Inc. is a publicly
traded research and development company engaged in the design, development,
manufacture and marketing of environmental technologies currently focused on the
international automotive and transportation industries.
For more information, please visit the Company's Web site at www.cleanerfuture.com.
This news release contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995 (The "Act'). In particular, when
used in the preceding discussion, the words "pleased,' "plan,' "confident that,'
"believe,' "expect,' or "intend to,' and similar conditional expressions are
intended to identify forward looking statements within the meaning of the Act and are
subject to the safe harbor created by the Act. Such statements are subject to certain
risks and uncertainties and actual results could differ materially from those
expressed in any of the forward-looking statements. Such risks and uncertainties
include, but are not limited to, market conditions, general acceptance of the
Company's products and technologies, competitive factors, the ability to successfully
complete additional financings and other risks described in the Company's SEC reports
Environmental Solutions Worldwide, Inc.
http://www.cleanerfuture.com
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