SOURCE: MSE Enviro-Tech Corp

May 11, 2011 16:23 ET

MSE Enviro-Tech Corp Appoints New CEO and Provides Shareholder Update

SAULT STE. MARIE, ON--(Marketwire - May 11, 2011) - MSE Enviro-Tech Corp (PINKSHEETS: MEVT) (FRANKFURT: MEH) announced today the appointment of Mr. Norman R. Jaehrling as President and CEO.

Following the Company's recent acquisition of SITTM Technologies Inc. and its expansion into the Bio-Diesel and value added markets, the board of directors has appointed Norman Jaehrling as its new Chief Executive Officer.

Mr. Jaehrling brings 19 years of senior business experience in various capacities, including CEO of SITTM Technologies Inc. since January 2010. He was instrumental in the successful negotiation of the White River, Gitchi Animki (Big Thunder) Hydroelectric Project (18.9 mW) between a First Nation and a private sector developer. He has led and managed fundraising for municipalities, First Nations and non-for-profit organizations. Among his many accomplishments he has negotiated a precedent-setting and community-based agreement between a Northern-Ontario community and the Walt Disney Company on a tourism development project. He was community project lead for a $15 million, 7.5 MW biomass cogeneration project. He has arranged financing for and coordinated over $20 million in infrastructure projects ranging from housing, water and sewer servicing, schools, community halls and commercial office buildings.

Commenting on his appointment Mr. Jaehrling stated, "The Company offers excellent growth opportunities in the green economic sector, starting with fire retardant and inhibitor technologies and biodiesel products, which appeal to similar market segments and draw on similar market entry strategies. I look forward to fully integrating the operations and implementing a consolidated marketing plan for the development of distribution networks of green products." Mr. Jaehrling further added, "On behalf of management and its shareholders I would like to thank Mr. Trahan for his dedication and commitment to the Company over the years and we wish him the best in his expanding role in the solar and wind energy business."

Delaware Motion
The Company has received notice from the Delaware Chancery Court regarding its motion seeking cancellation of 6 million shares issued to Pacific Channel Limited et al. The Company regrets that the Court, ruling in favor of the defendants, denied default judgment citing primarily jurisdictional issues. While the Company is disappointed by the outcome in Delaware, it will review the possibility of pursuing the issue further in federal court or other in an alternative jurisdiction. With the distraction of the legal proceeding potentially behind us we hope to substantially increase our marketing and sales efforts going forward.

Sales and Shipment of its FI-88 fire inhibitor
The Company is pleased to report that sales and Shipment of its FI-88 fire inhibitor continued in the 1st quarter of 2011. Totaling 3,000 L sales were primarily focused on entering the Canadian lumber market.

About MSE Enviro-TechCorp.
Headquartered in Sault Ste. Marie, Ontario, Canada, the Company is focusing on marketing its current products which offer environmental benefits while being comparable or better in quality and pricing to other less environmentally friendly products it wishes to displace. As we grow our markets and develop distribution channels we will partner with innovative technology companies and facilitate the adoption of their products into our established prospect organizations.

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Disclaimer: Shareholders and investors are strongly cautioned against placing undue reliance on information set forth in these communications in making any investment decisions concerning our securities. The matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. These risks are detailed from time to time in the Company's periodic reports filed with the including the Company's Annual Report, Quarterly Reports and other periodic filings. These forward-looking statements speak only as of the date hereof. The Company disclaims any intent or obligation to update these forward-looking statements.

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