SOURCE: TexCom, Inc.

TexCom, Inc.

February 04, 2011 11:22 ET

TexCom C.E.O. Lou Ross Interviewed on "New Captains of Industry" Radio Show

HOUSTON, TX--(Marketwire - February 4, 2011) - TexCom, Inc. (PINKSHEETS: TEXC) today announced that its CEO Lou Ross appeared on the "New Captains of Industry," hosted by George R. Jarkesy, Jr., who is also a market commentator, institutional fund manager and Chairman of the National Eagles and Angels Association.

During the interview Ross delves into TexCom's work with disposing of NORM (Naturally Occurring Radioactive Material). Ross relates that NORM is "naturally occurring radium that's present in the minerals that are in the formation from which the oil and gas and saltwater are being produced" from exploration and production industry operations. Over the years, this NORM has deposited as a scale in tanks and pipes that and is a "sleeping dog" that has built up in equipment and producing oil and gas wells around the country. Ross said that "the entire oil and gas industry and the public have become acutely aware that this material is out there" as evidenced by a number of pending lawsuits that address known NORM accumulations that were not remediated. Ross further pointed out that what differentiates TexCom is that it is one of a handful of companies that is permitted to dispose of this radioactive waste by use of underground injection wells versus the alternative method of placing NORM into landfills. Ross stated that landfills are "not a good option" because they can leak over time into underground sources of drinking water. Lastly, the TexCom CEO stated that the American Petroleum Institute estimated in the mid 1990s that there were over 10 million barrels of this radioactive material encased in oilfield equipment, creating a potential market to clean up NORM that could be as much as $3 to $5 billion.

To directly access the interview, go to:

About TexCom
TexCom, Inc., headquartered in Houston, Texas, is a growth-oriented company with its primary focus on the disposal of nonhazardous wastes and production of biodiesel. Domestically, TexCom disposes of nonhazardous materials generated by oil and gas exploration and production and is expanding its interests in disposal of nonhazardous industrial wastewater, serving the refining and petrochemical industries.

About "New Captains of Industry"
"New Captains of Industry" is an online television show hosted by George Jarkesy on Jarkesy has a passion for building small businesses and promoting growth of the American economy. A successful money manager and a professional investor, respected financial and corporate advisor and a dynamic public speaker, Jarkesy has founded, invested in and helped to build companies engaged in a broad range of industry sectors. New Captains of Industry's Interview guests are CEO's and experts in natural resources, economic trends and growth companies. Jarkesy is the Chairman of the National Eagles and Angels Association. Since June 2007, he has also served as the Managing Member of John Thomas Capital Management Group, LLC, which is the general partner for John Thomas Bridge and Opportunity Fund, L.P. and John Thomas International Fund, LP. John Thomas Capital Management Group, LLC employs creative approaches to hedge its portfolios against multiple risks. He is very active in private placement investment markets, and has originated and/or participated in many investments over the past 20 years, including both debt and equity in angel investments, private, pre-public and public companies.

Forward-Looking Statements
This press release may contain forward-looking statements, including information about management's view of TexCom, Inc.'s future expectations, plans and prospects. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of TexCom, Inc., its divisions and concepts to be materially different than those expressed or implied in such statements. Unknown or unpredictable factors also could have material adverse effects on TexCom's future results. The forward-looking statements included in this press release are made only as of the date hereof. TexCom cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, TexCom undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by TexCom.

Contact Information

  • TexCom, Inc.
    Management contact
    Britt Brooks
    Email Contact