SOURCE: EnviroXtract, Inc.

EnviroXtract, Inc.

November 01, 2011 17:07 ET

EnviroXtract, Inc. Continues Stock Restructuring as GolfGear International, Inc. Announces Plans to Expand Its Mining Interests

EDMOND, OK--(Marketwire - Nov 1, 2011) - EnviroXtract, Inc. (PINKSHEETS: EVXA) -- Continuing its commitment to restructure the Company's stock through voluntary cancellations, Management has further reduced its issued and outstanding Common stock by an additional 1.075 billion shares. This initiative has thus far reduced the Company's total issued and outstanding Common stock by 7 billion total shares. In conjunction with plans recently announced by GolfGear International, Inc. (PINKSHEETS: GEAR) to significantly expand its mining interests, EnviroXtract is poised to generate revenues proportionately alongside any expansion by GolfGear International.

Through its recent licensing agreement with EnviroXtract, Inc., GolfGear International will utilize EnviroXtract's unique Ore-XT3 technology application to efficiently process gold and silver ore concentrates. Under terms of the Agreement, EnviroXtract will receive an 8% Net Smelter Royalty from ores produced under all GolfGear International mining projects as compensation.

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 continues to explore viable revenue-producing opportunities for its various proprietary ore processing and environmental mitigation applications on behalf of its shareholders.

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
    Phone - 888-459-4889
    Email Contact