Ecoloclean Industries, Inc. Announces Cancellation of Letter of Intent
December 28 2006 - 10:23AM
PR Newswire (US)
CRYSTAL CITY, Texas, Dec. 28 /PRNewswire-FirstCall/ -- Ecoloclean
Industries, Inc. (OTC Pink Sheets: ECCI) announced today that it
has canceled its Letter of Intent (LOI) with Regency Energy, Inc.
effective today. ECCI President, Royis Ward, stated that due to the
low price of its shares an acquisition such as contemplated with
Regency Energy, Inc. would not be in the best interest of its
shareholders at this time. Therefore, with the consent of Regency
Energy, Inc. the contemplated acquisition was canceled effective
today. FORWARD LOOKING SAFE HARBOR STATEMENT: To the extent that
this release discusses any expectations concerning future plans,
financial results or performance, such statements are forward
looking within the meaning of Section 27A of the Securities Act of
1933, as amended and Section 21E of the Securities and Exchange Act
of 1934, as amended and are subject to substantial risks and
uncertainties. Actual results could differ materially from those
anticipated in the forward-looking statements. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date hereof and reflect only
management's belief and expectations based upon presently available
information. These statements and other forward- looking statements
are not guarantees of future performance and involve risks and
uncertainties. The Company assumes no obligation to update any of
the forward-looking statements in this release. ABOUT ECOLOCLEAN
INDUSTRIES, INC. Ecoloclean Industries, Inc. is the parent company
of two wholly owned operating subsidiaries: Ecoloclean, Inc. and
World Environmental Technologies, Inc., which utilize various
remediation techniques and technologies. For more information about
the Company, please visit http://www.ecoloclean.com/ INVESTOR
CONTACT: ROYIS WARD - PRESIDENT 830-374-9100 - OFF 830-374-0202 -
FAX DATASOURCE: Ecoloclean Industries, Inc. CONTACT: Royis Ward,
President of Ecoloclean Industries, Inc., +1-830-374-9100, or fax,
+1-830-374-0202 Web site: http://www.ecoloclean.com/
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