Press Release Source:
Anpath Group, Inc. On Thursday February 25, 2010, 6:00 am EST
MOORESVILLE, N.C., Feb. 25 /PRNewswire-FirstCall/ -- Anpath
Group, Inc. (OTC Bulletin Board:ANPG.ob
- News),
reported today that its wholly-owned subsidiary, EnviroSystems, Inc. (ESI) has
signed a Letter of Intent with Clariant Corporation focused on the distribution
of its new oil & gas biocide, GeoTru™ Concentrated Biocide.
GeoTru™ is an environmentally friendly biocide
designed to control microorganisms including bacteria, fungi, and algae in oil
and gas well stimulation fluids used for hydraulic fracturing and related oil
and gas field water systems. GeoTru™ will control bacteria in
drilling applications and serves to prevent the degradation of fracing fluids
and gels used in well stimulations. The product is easy to handle and
ship because of its favorable toxicity profile compared to other biocides used
for the same purpose, it is not reactive with typical down-hole chemistries,
and is equipment-compatible.
Clariant Corporation (www.clariant.com)
is a world-leader in specialty chemicals. Headquartered in Houston, Texas,
Clariant's Oil & Mining Services Business Unit (www.oil.clariant.com)
is a leading provider of products and services to the oil, refinery and mining
industries.
The details of the Letter of Intent were not disclosed but
the Company stated the LOI was a precursor to a more definitive agreement with
Clariant, based on due diligence to be completed by both companies. J.
Lloyd Breedlove, Anpath Group, Inc. President & CEO stated, "We have a
long-term relationship with Clariant Chemical and the opportunity to work with
the company to launch our new geobiocide is very appealing."
About Anpath Group, Incorporated:
Anpath Group, Inc. (Anpath), through its wholly-owned
subsidiary EnviroSystems, Inc., produces cleaning and disinfecting products
that it believes will help prevent the spread of infectious microorganisms
while minimizing the harmful effects to people, equipment or the environment.
Visit www.anpathgroup.com
for more information.
EnviroSystems, Inc. is focused on safe infection prevention
technologies that the company believes will position the company in the
forefront of the industry at a time when there is rapidly growing awareness of
the critical need to prevent biological risks -- both natural and man-made.
Visit www.envirosi.com
for more information.
Forward Looking Statements:
This release may contain forward-looking statements, which
reflect expectation or belief by Anpath Group, Inc. concerning future events
that involve risks and uncertainties. Anpath Group can give no assurance that
the expectations reflected in forward looking statements will prove correct and
various factors could cause results to differ materially from Anpath Group
expectations, including, but not limited to U.S. EPA and state registration of
Anpath Group's products, foreign registration of its products, its ability to
carry out its business plan, successful development and commercial acceptance
of its products, ability to fund development of its technology, the risk that
products may not result from development activities, protection of its
intellectual property, need for regulatory approvals, and other factors
discussed in periodic Anpath Group, Inc. filings with the Securities and
Exchange Commission. Forward-looking statements are qualified in their entirety
by the above cautionary statement. Anpath Group assumes no duty to update its
outlook or other forward-looking statements as of any future date.
