NuEarth Corporation Completes Acquisition of Anviron
November 17 2009 - 7:30AM
Business Wire
The NuEarth Corporation (Pink Sheets:NUEC) (“NuEarth”), a
marketer of "Clean & Green" products and technology, today
announced the completion of the purchase of Anviron Corporation
(Pink Sheets:ANVH) (“Anviron”).
Over the past six months, Anviron and NuEarth have been
negotiating with several large channel distribution Companies for
the sale, marketing and distribution rights for the Anviron product
lines. In order to best develop these wholesale and retail markets,
on 3 May 2009 Anviron entered into the sale of its assets to
NuEarth Corporation. "This reorganization will allow Anviron to
focus on its core international business, and allow NuEarth
Corporation to focus on building a retail and wholesale market for
our products," said Steve Young acting CEO for NuEarth
Corporation.
"As the final completion of the conditions of the purchase
agreement negotiated between the Companies, NuEarth Corporation has
completed the issuance of 25,000,000 shares to the shareholders of
Anviron as a stock dividend based on the voting rights of the
shareholders as of 14 September 2009. NuEarth will begin mailing
certificates to shareholders on Wednesday, 18 November 2009. We
would expect all mailings to be completed by Tuesday, 24 November
2009 and receipt of certificates to be within 7 days of mailing in
most circumstances," said Marcie Corbin Secretary of NuEarth
Corporation.
NuEarth is a company dedicated to bringing to market "Clean
Solutions to Complex Problems" by offering a wide range of
biodegradable, environmentally friendly products and technologies
that will substitute for many of the hazardous chemicals commonly
used all over the world. For information about NuEarth and its
product offerings visit us on the web at www.nuearthcorp.com
This press release contains forward-looking statements regarding
NuEarth within the meaning of Section 27A of the Securities Act of
1933 as amended, as such, may involve risks and uncertainties. Such
statements are based on management's current expectations and
cannot be guaranteed. The forward-looking statements discussed in
this release may not occur and actual results could differ
materially as a result of known and unknown risk factors affecting
NuEarth. Forward-looking statements speak only as of the date on
which they are made and NuEarth undertakes no obligation to
publicly revise any forward-looking statement based on the result
of new information, future events, or otherwise.
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