Our wholly owned subsidiary, American Petroleum Solutions Inc., has patented technology that can effectively extract and separate oil from the clay, sand and water which make up tar and oil sands deposits. In November 2009 we conducted oil extraction pilot tests on tar sands samples from both
Alberta, Canada and Utah, producing oil extraction rates exceeding 99%.
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.
© 2009 Copyright – ACT Clean Technologies, Inc. (ACLH) All Rights Reserved.
This web site is for ACT Clean Technologies, Inc. Cleantech services and new oil extraction technology related news and information purposes only. No part of this site is to be considered a solicitation or an offer to buy or sell securities. No investment advice of any kind is to be inferred from this site. Opinions expressed are those of the site developers only. This site contains "forward looking statements" as defined by SEC regulations. Please verify all information before making any kind of investment decision.
Tar Sand Tests Produce Oil Separation And Extraction Rates Exceeding 99%.
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November 17, 2009 -- Houston, Texas -- Winning Strategies Investing News Network
(see
WinningStrategies.net) Senior Editor, Tim Connolly, reported that recent news from Advanced Clean Technologies (Stock Symbol: ACLH) may actually alter the overall economics of tar sands oil production, in particular throughout Canada and Utah.
Mr. Connolly stated:
“For many years the principals of Winning Strategies have invested in Canadian oil sand trusts such as Suncor, Harvest Energy Trust, which was recently sold to Korea National Oil Corporation, Pengrowth Energy Trust and San Juan Basin Royalty Trust, among others.
It is our experience that one of the largest obstacles to industry economics is the high cost of tar sands production and the low percentage rates of extraction.
If ACLH can actually produce 99% oil extraction rates as reported last week, while lowering the energy consumption needed for production and minimizing environmental damage, this is a game changer for the industry. “
Russell Kidder, President of Advanced Clean Technologies, Inc., reported last week,
"Our tests, which utilized our patented, non-hazardous chemical reagents in an ambient temperature environment, were remarkable in that they showed our ability to successfully extract and separate over 99% of the oil residue present in both the Alberta and Utah oil sands samples.
We believe that our unique technology provides an extraction rate that is significantly higher than the traditional methods, while at the same time being much more energy efficient and environmentally friendly."
About Winning Strategies
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WinningStrategies.net), formerly Corporate Strategies, is a network of financial news resources that provides you with the Low-Risk, High-Reward Strategies for Success necessary to succeed in today's fast-changing, competitive investment and business environment.
Tim has interviewed many national experts and thought leaders including:
former SEC Chairman Arthur Levitt, CNBC's Mad Money's Jim Cramer, Fast Money's Guy Adamo, billion dollar money managers Ken Fisher and Mario Gabelli, U.S. Senator and former Presidential candidate John McCain, Enterprise Products Chairman and CEO Dan Duncan, FOX-TV commentator Tobin Smith and First Lady of Wall Street Muriel "Mickey" Siebert, the first woman to be granted a seat on the New York Stock Exchange, among many others.
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SOURCE: Winning Strategies
Tim Connolly, Chief Executive Officer
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Phone: 713-621-2737
Fax: 713-586-6678
email:
tim@winningstrategies.net
Winning Strategies News Network Comments
On ACT Clean Technologies New Oil Sands Production Technology
"If ACT Clean Technologies can actually produce 99% oil extraction rates as reported last week, while lowering the energy consumption needed for production and minimizing environmental damage, this is a game changer for the industry."