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Enzyme Environmental Solutions Finds a Seoul Mate for Proprietary Formulas

EESO Garners Attention With Additional Interest for Industrial Distribution in South Korea

  • Press Release
  • Source: Enzyme Environmental Solutions Inc.
  • On 4:01 pm EST, Thursday December 4, 2008

FORT WAYNE, IN--(MARKET WIRE)--Dec 4, 2008 -- After months of courting, Enzyme Environmental Solutions (Other OTC:EESO.PK - News) received a Letter of Intent from a distribution entity with a focus in South Korea. Bo, Doug and Sue Lee, the principals, have been involved in several projects domestically and overseas in various industries. One such project is the Star Tower real estate project in Atlanta, Georgia. The project (www.star-towers.com) is a business and residential community surrounding a Hilton Hotel facility. In South Korea, the focus is a bit less glamorous, but all the more important to the environment and economy overall. Two of EESO's proprietary technology/formulas have been chosen by the Lees via a Letter of Intent with a best efforts basis to distribute a minimum order of $500,000 in year one, $3,000,000 in year two and $5,000,000 during each of the remaining years of the initial term of 7 years total. The products will be shipped via the facility in Fort Wayne, IN directly to the recipients; further, the Distributors reserve first rights of refusal for exclusive distribution over North Korea, Japan, China, Thailand, Vietnam, Laos and Cambodia.

Related Quotes

SymbolPriceChange
EESO.PK0.00+0.00
Chart for ENZYME ENVIRONMENTAL
{"s" : "eeso.pk","k" : "c10,l10,p20,t10","o" : "","j" : ""}

Two formulas, Pit Solution (the given name for these purposes for EESO's Odor Remediation technology) and their FG-500 which is an enzyme-based compost solution for food waste which will be sold primarily to restaurants to eliminate food waste and pollution which has grown at an increasingly alarming rate.

Bill White, VP of Sales and Operations, says that in a discussion with the Lees, the time couldn't be more crucial. "If you visit South Korea, there are certain rivers that the restaurants are near on one side of a bridge, with open water on the other side. When looking at the water near the restaurants, there is a clear corruption of water quality overall which could become toxic if waters grew heavy due to foods, oils, greases, etc. causing stagnancy and bacterial growth therein if something is not done. On the other side of the bridge, you can notice the waters fade into clearer, cleaner views, the way it's meant to be."

Jared Hochstedler, CEO and President of Enzyme Environmental Solutions, says that he is passionate about helping make a cleaner world; safer planet as his company's logo suggests, "... and it's time for these businesses to think responsibly... with their hearts and not their pocketbooks... all in all it serves them in longevity whatever they would supposedly be gaining on the short term by ignoring these issues. Our products have been proven to be extremely effective with the FOGs -- fats, oils and grease, making it not only a great thing for the kitchen but outside the kitchen too -- wherever food wastes may be eminent."

All in all the Agreement forecasts a sunny day for the company and its associates and shareholders as Hochstedler feels the use of these technologies will only lead to a natural progression toward "further use of our other products and formulas including the GC2000 which the group has verbally stated it would be interested in pursuing as it would reduce hazardous waste emissions and disposal costs by 75%; this could be useful for many of their projects and sub-entities as we've discussed."

Safe Harbor: This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.

Contact:

     Contact:
Newbauer Media Relations
Email: mark@enzymeconsultants.com
 

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