EDMOND, OK -- (Marketwire) -- 09/22/11 -- EnviroXtract, Inc. (PINKSHEETS: EVXA) reinforces its commitment to restructure the Company's stock by further reducing the number of issued and outstanding Common shares. An additional 1.925 billion shares of its Common stock have been voluntarily surrendered to the Company for cancellation. This initiative by Management has thus far reduced the Company's total issued and outstanding Common stock by 5.925 billion shares during August and September.
In relocating its gold and silver ore processing equipment and operations to Arizona, it seems a natural progression of the Company's environmental focus to consider the mitigation and cleanup of mining tailings in Arizona and the western mining states. Management recognizes the potential for producing significant revenues and profits from participating with the EPA and mining companies in removing cyanide and other toxic chemicals from the vast amounts of mining tailings left abandoned in the western U.S. Supplemental revenue streams could also be generated from the leftover gold, silver, arsenic, mercury, lead, and other metals extracted from these mining tailings. The Company's recent decision to relocate its ore extraction and refining operations to Arizona may prove monumental in fulfilling this business strategy.
According to the EPA: "Mining activities in the United States (not counting coal) produce between 1 and 2 billion tons of mine waste annually... Over 130,000 of these non-coal mines, concentrated largely in nine western states, are responsible for polluting over 3,400 miles of streams and over 440,000 acres of land. About seventy of these sites are on the National Priority List for Superfund remediation."
The EPA goes on to say: "In the spirit of pollution prevention, much of the mining wastes represent a potential resource (i.e. additional source of revenues) as they contain significant quantities of heavy metals."
About EnviroXtract, Inc.:
EnviroXtract has expanded its business model to include opportunities in the Gold and Silver Mining sector where it plans to utilize its efficient environmental ore extraction and refining technologies. The Company has recently acquired Con-X Construction, Ltd., an established international environmental construction company with on-going projects and revenues. Con-X should play an integral part in providing construction management, facilities, infrastructure, and heavy equipment services necessary to EnviroXtract's mining and ore processing business strategy. Management is successfully implementing its plan to restructure the Company's stock, while continuing to explore viable revenue-producing opportunities for its various proprietary environmental mitigation applications.
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of EnviroXtract, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.