Owner
Post by Franko10 ™ on Jul 27, 2005 16:26:38 GMT -5
Oretech Announces Better Than Expected Results
COLUMBUS, Ga. -- Oretech, Inc. (Pink Sheets:ORTE) CEO, H. Stephen Shehane, announced today that the company has completed the move to its new facilities. The Lab is in full operation and producing better than anticipated results. Shehane stated that initial results indicate significantly improved performance in two specific areas:
a. ENVIRONMENTALLY FRIENDLY: Toxic chemicals normally found in mine tailings are significantly eliminated during the Oretech's process of precious metals extraction (Gold/Silver/Titanium/Platinum). The SPS (Shehane Proprietary System) technology can provide one of the most environmentally friendly mining solutions, while being extremely cost effective.
b. REDUCED ENERGY COSTS: With energy costs ever increasing, the reduction in energy consumption utilizing SPS technology significantly lowers operating costs associated with precious metal extraction.
Shehane announced that discussions are intensifying with mining companies with a view to licensing SPS technology particularly for mining operations in environmentally sensitive regions of North America.
Oretech, Inc. has developed a proof of concept model that represents a breakthrough in ore processing technology. The process utilizes a proprietary high temperature technique to extract various metals from ore bodies that are typically highly carbonaceous. Its business model is to become a major producer of gold and other precious metals through the use of its proprietary technology. Oretech is known for its breakthrough materials processing technology which extracts specific minerals from diverse feedstock and raw materials without the use of harmful chemicals or the emission of environmentally unsafe gases. For full details and links to all the company's products and services, please visit our homepage at www.Oretech.net.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
COPYRIGHT 2005 Business Wire
COPYRIGHT 2005 Gale Group
COLUMBUS, Ga. -- Oretech, Inc. (Pink Sheets:ORTE) CEO, H. Stephen Shehane, announced today that the company has completed the move to its new facilities. The Lab is in full operation and producing better than anticipated results. Shehane stated that initial results indicate significantly improved performance in two specific areas:
a. ENVIRONMENTALLY FRIENDLY: Toxic chemicals normally found in mine tailings are significantly eliminated during the Oretech's process of precious metals extraction (Gold/Silver/Titanium/Platinum). The SPS (Shehane Proprietary System) technology can provide one of the most environmentally friendly mining solutions, while being extremely cost effective.
b. REDUCED ENERGY COSTS: With energy costs ever increasing, the reduction in energy consumption utilizing SPS technology significantly lowers operating costs associated with precious metal extraction.
Shehane announced that discussions are intensifying with mining companies with a view to licensing SPS technology particularly for mining operations in environmentally sensitive regions of North America.
Oretech, Inc. has developed a proof of concept model that represents a breakthrough in ore processing technology. The process utilizes a proprietary high temperature technique to extract various metals from ore bodies that are typically highly carbonaceous. Its business model is to become a major producer of gold and other precious metals through the use of its proprietary technology. Oretech is known for its breakthrough materials processing technology which extracts specific minerals from diverse feedstock and raw materials without the use of harmful chemicals or the emission of environmentally unsafe gases. For full details and links to all the company's products and services, please visit our homepage at www.Oretech.net.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
COPYRIGHT 2005 Business Wire
COPYRIGHT 2005 Gale Group
