MLB Industries Inc.

MLB Industries Inc.

June 10, 2005 08:45 ET

MLB Industries Inc.: World Ocean, Marine and Environmental Response Center Project

CALGARY, ALBERTA--(CCNMatthews - June 10, 2005) - Having just returned from a business trip which has taken Mr. Stone, President & CEO, Mr. Loman, Director of MLB Industries Inc. (TSX VENTURE:MLB) and Mr. Ron Cross, Director of OSR Systems Ltd. to Dubai, United Arab Emirates and onto Brisbane and Gladstone, Australia, the following is a report on the success of this important undertaking.

Presentations made in Dubai to members and associates of the Government of the country of Iran have resulted in serious interest to establish an oil spill recovery center both in the Arabian Gulf and the Caspian Sea. MLB/OSR expects to receive a Memorandum of Understanding leading to a contract to build one center immediately and another to follow in the near future.

Also, the company has re-opened negotiations with Seaspray Marine Services & Engineering FZC, located in the Emirate of Sharjah, who will soon commence building a Clean Ocean Vessel (COV) which is a vessel belonging to and patented by OSR Systems Ltd. a wholly owned subsidiary of MLB Industries Inc. Seaspray is presently owned and operated by Mr. Rob Bowra and Colonel Abu Ships, formerly the Director of Coast Guard, United Arab Emirates.

The meetings and presentations made both in Brisbane and Gladstone, Australia have resulted in a serious interest being shown in having the world headquarters for the Ocean, Marine and Environmental Response Center Project located in one of three locations, which are The Gold Coast, Gladstone or Townsville. The meetings were very informative and resulted in offers to assist in the financing as well as an offer to put the facility on the grounds of a Central Queensland University Campus.

Associate Professor Robert Prater, Head of Campus together with Professor Richard Clegg, Industrial Materials Science, took the MLB/OSR representatives on a tour of the campus along with Dr. Ken King and Kerri-Anne Elliott both executives from the Gladstone Economic and Industry Development Board.

It was decided that there will be a request made to the Gladstone Port Authority to issue a purchase order to build a COV for demonstration and use in the Gladstone harbor. This will be the first step in establishing a Ship Building company for Gladstone which will be partially owned and operated by OSR Systems Ltd.

OSR Systems has received a letter from Rob Bowra, Director of Seaspray Marine Services & Engineering FZC in which it states that " Our company, would be keen to investigate with you the establishment of a branch of Seaspray Shipbuilding and Repair facility in the Port of Gladstone should the investment opportunity be favorable".

The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • MLB Industries Inc.
    Mr. Charles (Sonny) Stone
    (403) 263-9220