SOURCE: EnviroXtract, Inc.

EnviroXtract, Inc.

September 14, 2011 07:00 ET

EnviroXtract Announces Expansion of Its Business Strategy and Executes Agreement to Acquire Con-X Construction, Ltd.

EDMOND, OK--(Marketwire - Sep 14, 2011) - EnviroXtract, Inc. (PINKSHEETS: EVXA) announces that it has entered into an Asset Purchase Agreement to acquire the assets and business operations of Con-X Construction, Ltd., a Canadian environmental construction company based in British Columbia with affiliates in major global markets.

Since 2001, Con-X has completed projects in Latin America, Saudi Arabia, Canada, and the United States, with several 'green' residential community projects currently underway in Canada and ongoing construction contracts in Saudi Arabia. Some of its signature commercial projects are Sheraton Hotels in Calgary and Langford, Pacific Residences in Tamarindo, Costa Rica, and commercial retail facilities for Home Depot. EnviroXtract has agreed to retain the current management team and staff of Con-X Construction, Ltd.

According to James Cheney, CEO of EnviroXtract, "The acquisition of Con-X Construction reinforces the commitment of Management to acquire profitable, revenue producing, environmentally focused companies that will enhance the business model of EnviroXtract while adding shareholder value. Paired with projects we see on the horizon, we believe Con-X Construction will become an integral piece in the Company's evolving business strategy."

EnviroXtract is currently negotiating licensing and ore processing agreements to utilize its efficient environmental gold and silver extraction and refining technologies for mining projects in the U.S. The Company continues to pursue viable revenue-producing opportunities for its environmental mitigation applications.

Safe Harbor

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of EnviroXtract, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

Contact Information

  • Contact:

    James Cheney
    President / CEO
    Email: Email Contact
    Phone: 1-888-459-4889