EVTN Confirms EVTN.QB Status
FORT LAUDERDALE, Fla., March 15, 2011 /PRNewswire/ -- Enviro Voraxial Technology, Inc. (OTCQB: EVTN) announced today its stock will be primarily traded by market makers who participate in the electronic trading platform of OTC Markets. Shareholders can no longer rely on websites that do not use OTCQB symbols, such as Yahoo's quote. To obtain current news and stock price, shareholders can go to portals that only require "EVTN" as ticker symbol, without the ".ob" extension or go to: http://www.otcmarkets.com/stock/EVTN/quote
Due to the recent OTCBB changes, many OTC market makers have moved to OTC Markets due to cost savings. OTC Markets is an electronic platform. When the last market maker of a particular stock moves from the OTCBB to the electronic platform of the OTC Markets, certain websites such as Yahoo assume the OTCBB stock is abandoned and relegates the stock to the pink sheet status. This can cause confusions in the market. EVTN, along with over 600 other companies were moved from OTC to OTC markets in the past month due to this change at OTC.
"EVTN is current with its SEC Filings and is a full reporting company," stated John A. DiBella, COO of EVTN. "We want to assure our shareholders that our business is stronger than ever. We are now quoted as an OTCQB stock according to OTC Markets."
About Enviro Voraxial® Technology: EVTN is the developer and manufacturer of the Voraxial® Separator, a unique, patented in-line turbo-separator that provides a cost effective method to efficiently separate large volumes of solids and liquids with different specific gravities and without the need of a pressure drop. The Voraxial® provides highly efficient bulk separation while requiring less space, energy and weight than conventional separators processing the same volume. The Voraxial® is capable of simultaneously separating up to three components, such as oil, water and sand. The Voraxial® can be used as a stand-alone separator or incorporated with other equipment to provide a complete turnkey solution that allows customers to treat a variety of fluid streams while reducing treatment cost and increasing separation efficiency.The separation market encompasses a series of multibillion dollar segments, spread globally across many industries and applications. EVTN continues to pursue the oil & gas industry but is also processing proposals from other industries such as mining, food processing, manufacturing and oil spill industries. EVTN owns significant IP surrounding the Voraxial® and has new innovations under development. Please see www.evtn.com for additional information. Safe Harbor Disclosure -- This Press Release contains or incorporates by reference "forward-looking statements," including certain information with respect to plans and strategies of Enviro Voraxial Technology, Inc. For this purpose, any statements regarding this announcement, which are not purely historical, are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, including Enviro Voraxial Technology, Inc. beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and based on information available to Enviro Voraxial Technology, Inc. as of such date. There are a number of important factors that could cause actual events or actual results of Enviro Voraxial and its subsidiaries to differ materially from those indicated by such forward-looking statements. SOURCE Enviro Voraxial Technology, Inc.
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