SOURCE: Verdant Technology Corporation

October 11, 2006 16:01 ET

Verdant Technology Corporation Achieves Patent-Pending Status for EnviroTank System

HOUSTON, TX -- (MARKET WIRE) -- October 11, 2006 -- Verdant Technology Corporation (PINKSHEETS: VTHC) announces patent-pending status for its breakthrough EnviroTank technology.

The EnviroTank system, a crude oil/sludge recovery unit and tank cleaning system for the global petroleum storage market, has been filed with the United States Patent and Trademark Office clearing the way for future approval while currently benefiting from patent-pending status.

The EnviroTank system is a major advancement in crude oil storage tank cleaning offering significant benefits. The system controls the dispersion of volatile organic compounds (VOCs) into the atmosphere due to its enclosed operation. Also, unlike other tank cleaning processes, the requirement of personnel entry into the tanks for manual cleaning is eliminated. Furthermore, the system recovers significant quantities of hydrocarbon compounds present in tank bottom sludge, in most cases between 95-99%, of reusable crude, and allows for reduced tank downtime. The system will offer the most cost-effective and efficient solution for crude storage tank cleaning at the same time significantly reducing VOC emissions and the need for off-site disposal of hazardous waste.

"With a worldwide market approaching $1 Billion, EnviroTank's proprietary system is poised to create great interest with tank operators due to its ability to significantly reduce maintenance costs and increase tank efficiency, at the same time decreasing the environmental impact of the process," said David J. Curd, CEO of Verdant Technology Corporation. "With EnviroTank's unique technology and processes we expect the company to develop as a leading force in the global tank cleaning market."

"While initially designed to protect the environment and personnel from the harsh effects of dealing with a tank cleaning project, the method has also proven to be very cost-effective to the tank operator, said Tracy E. Stewart, CEO of EnviroTank International LLC, a subsidiary of Verdant Technology Corporation. "In some cases, the value realized from the existing sludge present in the tank can supersede the net cost of all cleaning activities."

About Verdant Technology Corporation

Verdant Technology Corporation (PINKSHEETS: VTHC) is an incubator and developer of cutting-edge, environmentally sound technologies for the energy sector. Through its proven development program, the company identifies mid-stage technologies, shepherds them through the commercialization process and monetizes them under the management of seasoned experts. For more information about Verdant Technology Corporation's services and technologies please visit our website at or email

Statements in this release are "forward-looking" statements regarding Verdant Technology Corporation which are covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. Investors are cautioned that such forward-looking statements involve risk and uncertainties, including without limitation, acceptance of the company's products, significant levels of competition for the company and dependence on the performance of the management of the company.

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