SOURCE: EnviroXtract, Inc.

EnviroXtract, Inc.

September 27, 2011 18:08 ET

EnviroXtract, Inc. Announces Execution of Exclusive Licensing Agreement With GolfGear International, Inc. for Gold and Silver Extraction and Refining Technology

EDMOND, OK--(Marketwire - Sep 27, 2011) - EnviroXtract, Inc. (PINKSHEETS: EVXA) announces that it has executed a licensing agreement with GolfGear International, Inc. (PINKSHEETS: GEAR) on September 25th, 2011, under which GolfGear International has acquired an exclusive worldwide sub-license to utilize the Company's proprietary ore processing technology. Under terms of the agreement, EnviroXtract will contract with GolfGear International to supply its ore processing equipment, trained staff, extraction and refining methodologies, and operations supervision. The Company's proprietary Ore-XT3 technology will enable the processing of gold and silver ore concentrates in an environmentally safe manner, while its increased efficiencies are anticipated to significantly increase profitability. GolfGear is currently involved in negotiations to joint venture, fund, and operate gold and silver ore processing projects for both active and proposed mining operations in the western U.S. and abroad in which it plans to utilize the EnviroXtract Ore-XT3 technology.

The CEO of EnviroXtract, James Cheney, remarked, "This agreement with GolfGear International should prove to be a monumental event for EnviroXtract. We anticipate further news to be released soon that will clarify the Company's opportunities for revenues and profits through anticipated gold and silver processing projects with GolfGear."

Dale Geck, President and CEO of GolfGear International, Inc., commented, "The Company is excited to have secured a licensing agreement for the Ore-XT3 technology with EnviroXtract, Inc. We look forward to working closely with EnviroXtract in Arizona. GolfGear International is taking the necessary steps to position the Company firmly in the Gold and Silver Mining Industry. EnviroXtract is an integral part of our future."

Through its recent exclusive licensing agreement with EnviroXtract, Inc., GolfGear International anticipates becoming a leader in the precious metals processing arena. EnviroXtract's unique Ore-XT3 technology application processes ore concentrates utilizing a unique combination of electromagnetic and electrostatic energy contained inside a vacuum environment. The technology utilizes clean electrical energy, emissions can be captured and scrubbed, and any toxic chemicals or heavy metals are captured and mitigated in processing. Ore-XT3 is a green technology capable of mitigating toxic mining tailings while leaving no carbon footprint.

About EnviroXtract, Inc.:

EnviroXtract has expanded its business model to include opportunities in the Gold and Silver Mining sector where it plans to utilize its efficient environmental ore extraction and refining technologies. Management is successfully implementing its plan to restructure the Company's stock, while continuing to explore viable revenue-producing opportunities for its various proprietary ore processing and 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
    Phone - 888-459-4889
    Email Contact