SOURCE: MSE Enviro-Tech Corp.

April 09, 2007 16:00 ET

MSE Enviro-Tech Corp. -- Changes to Share Capital

TORONTO -- (MARKET WIRE) -- April 9, 2007 -- MSE Enviro-Tech Corp. (PINKSHEETS: MEVT) is pleased to announce the following changes to its share capital:

    6.0 million restricted common shares issued -- as payment in full
    of $1.2 million for the acquisition of the exclusive USA agent rights
    to the Hartindo product line from Pacific Channel Ltd.

    9.6 million common shares repatriated for cancellation -- In accordance
    with a prior agreement.

After the payment to Pacific Channel Ltd. for the acquisition, and upon cancellation of the above noted 9.6 million shares, MEVT's issued capital will total just 15,056,375 common shares.

The net result of the above two changes is that MEVT has less shares outstanding now than it did prior to the acquisition of the US agent rights to the exciting Hartindo line of fire inhibitor and fire suppression products.

The Hartindo line of products

The Hartindo product lines encompass the World's most advanced fire inhibitor and fire suppression products. MSE Enviro-Tech Corp. proposes to exploit the huge USA market by establishing a network of dealers within the territory. The shocking numbers of lives lost, injuries inflicted and property damaged through the more than a million fires annually in the United States has a huge price tag of more than $20 billion. MEVT's proven Hartindo technology is aimed at this huge and critical market need.

For more info please visit the corporate web site:

In compliance with the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, MEVT notes that statements contained in this announcement that are not historical facts may be forward-looking statements that are subject to a variety of risks and uncertainties. Accordingly, MEVT wishes to caution readers of this announcement that its future actual results may differ materially from those that any forward-looking statements may imply. There is no assurance that the above-described events will be completed. There can be no assurance of the ability of the Company to achieve sales goals, obtain contracts or financing, consummate acquisitions or achieve profitability in the future.

Contact Information

  • For further information:
    Mike Robinson
    National Business Development Manager

    MSE Enviro-Tech Corp USA offices
    330 Franklin Rd
    Suite 135A
    Brentwood, TN 37027
    615.478.2322 (Cell)
    615.373.0472 (Fax)
    615.376.5601 (Office)