Dec. 15, 2009 (Business Wire) -- ACT Clean Technologies, Inc. (Pink Sheets: ACLH), formerly known as Advanced Clean Technologies, Inc., reported that a private oil production company with four producing wells in Kern County, California will use ACT’s American Petroleum Solutions, Inc. subsidiary’s patented enhanced oil production technology to improve the heavy oil of its current producing wells. The well tests will measure the improved effectiveness of the proprietary ACT technology on the production sandstone reservoirs present in the Kern County field.
Russell Kidder, CEO of ACT Clean Technologies, Inc., commented, “Kern County output is about 66% of all the oil produced in California and nearly 10% of the total production in the entire United States. If our processes can significantly improve production and reduce costs in this field, we may be able to make a substantial contribution to the ability of the USA to reduce its dependence on foreign oil production. The APS technology for the oil reclamation and clean-up process has previously been used to successfully complete projects for some of the largest oil and gas companies in the United States, including ConocoPhillips, ExxonMobil, Avon Petroleum and Valero Petroleum, as well as the US Navy Petroleum Reserve, and we are optimistic that these tests will show that we can achieve significant improvement in oil production in the Kern County field.”
About ACT Clean Technologies, Inc.
ACT Clean Technologies, Inc. is committed to both a safer environment through cleaner technologies as well as more profitable methods of oil recovery and production from oil sands and other petroleum reserves. ACT also provides cost-effective, environmentally-safe, remediation solutions to today’s hazardous waste problems. Our wholly owned subsidiary, American Petroleum Solutions, Inc. provides oil field and heavy construction remediation services for projects complicated by environmental, regulatory, and other issues. Our experience ranges from soil remediation to complex, petroleum services related projects throughout North America. Founded by engineering professionals with environmental construction and remediation engineering backgrounds, APS provides our clients the benefit of a combination of practical solutions and technical experience in working with hazardous substances that are unique to the construction and remediation industry. The senior management of the company has past major project experience including the Mobil Oil – Torrance Refinery, Southern California Gas Company, Southern California Edison Company and the Long Beach Unified School District.
For more information about ACT Clean Technologies, Inc., please visit our website, http://www.actcleantech.com.
A number of statements referenced in this Release, and any other interviews that have been made, are forward-looking statements, which are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, and within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, and goals, assumption of future events or performance are not statements of historical fact and may be “forward-looking statements.” Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this actions may be identified through the use of words such as “expects,” “will,” “anticipates,” “estimates,” “believes,” or statements indicating certain actions “may,” “could,” or “might,” occur. Such statements reflect the current views of the company’s management with respect to future events and are subject to certain assumptions, including those described in this release. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products, services, and technologies, competitive market conditions, successful closing of acquisition transactions and their subsequent integration, the ability to secure additional sources of financing, the ability to reduce operating expenses, and other factors described in the Company's filings with the Pink Sheets. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. The Company does not undertake any responsibility to update the “forward-looking” statements contained in this news release.
