Clyvia Inc.
OTC Bulletin Board : CLYV

Clyvia Inc.

October 19, 2006 13:05 ET

Approval Process for Clyvia Plants Initiated in France and Spain

POINT ROBERTS, WASHINGTON--(CCNMatthews - Oct. 19, 2006) - Clyvia Inc. (OTCBB:CLYV) announced today that applications have been made to obtain government licenses and approvals for the construction of Clyvia plants in France and Spain. The applications were filed by Energy Recycling Systems Sarl ("ERS"), the exclusive distributor for Clyvia plants in those countries. ERS has also applied for VAT ratings for Clyvia plants in France and Spain.

ERS has notified Clyvia's wholly owned subsidiary, Clyvia Technology GmbH ("Clyvia Technology"), that it expects to obtain the necessary licenses and approvals from the French government by the end of December, and from the Spanish government by the end of February. ERS expects the VAT rating process to be completed in advance of obtaining the licenses. Once ERS has obtained all of the necessary government approvals, it has informed Clyvia Technology that it intends to order two Clyvia plants.

Based in Crespieres, France, ERS has the exclusive right to distribute Clyvia plants within France, Spain and Portugal. The Clyvia plants are recycling/processing plants based on Clyvia Technology's fractional depolymerization technology and are designed to process plastics and waste oil into diesel fuel and heating oil. Under the terms of the exclusive distribution contract between Clyvia Technology and ERS, ERS is responsible for obtaining all government approvals and licenses necessary to construct and operate Clyvia plants within the contracted territories.

Clyvia Technology GmbH is a wholly-owned subsidiary of Clyvia Inc., a Nevada, USA corporation. Clyvia's shares are traded on over-the-counter market in the United States (OTCBB:CLYV) as well as on the stock market in Frankfurt (WKN:A0F59X) (ISIN:US18975K1088).

This Press Release may contain, in addition to historical information, forward-looking statements. These forward-looking statements are based on management's expectations and beliefs, and may involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein. In particular, readers are cautioned that Clyvia Technology is still in development stage of its business. Clyvia Technology has not earned any significant revenues to date and has yet to sold any recycling/processing plants based on its fractional depolymeriztion technology. Furthermore, readers are cautioned that there are no assurances that ERS will be able to obtain the necessary government approvals and licenses within the time periods estimated, or at all. Even if ERS is successful in obtaining the necessary approvals and licenses, there are no assurances that Clyvia Technology will be able to complete the sale of recycle of any of its products to ERS.

Readers are cautioned not to place undue reliance on the forward-looking statements made in this Press Release.

CLYVIA INC.

Walter P.W. Notter, Chief Executive Officer and President


Contact Information

  • Clyvia Inc.
    Walter P.W. Notter
    Chief Executive Officer and President
    (360) 306-0230
    or
    Clyvia Technology GmbH
    Dr. Manfred Sappok
    Managing Director
    02432-89 36 26
    02432-89 36 29 (FAX)
    Email: info@clyvia-tec.com