SOURCE: Verdant Technology Corporation

May 22, 2006 16:17 ET

Verdant Technology Corporation Acquires EnviroTank International L.L.C.

HOUSTON, TX -- (MARKET WIRE) -- May 22, 2006 -- Verdant Technology Corporation (PINKSHEETS: VTHC), an energy technology company that develops innovative solutions for the global energy industry, is pleased to announce its acquisition of EnviroTank International L.L.C.

EnviroTank International L.L.C. has developed a crude oil recovery and tank cleaning system for the oil storage market that is set to revolutionize the way crude storage tanks are currently cleaned and recovered.

The EnviroTank technology is a unique solution that facilitates the fast recovery of valuable crude oil that collects as sludge at the base of floating roof oil storage tanks. In addition to the major financial advantages that this brings to tank operators, the system has significant environmental benefits as the need to dispose of hazardous sludge off-site is avoided and the emissions of volatile organic compounds (VOCs) into the atmosphere is eliminated.

The EnviroTank process is currently in the final stage of patent applications and is expected to achieve patent pending status in the near future.

"Verdant Technology Corporation is extremely excited to have acquired such a ground-breaking solution to the problem of oil storage tank cleaning and recovery. The environmental energy recovery and operating cost benefits that the EnviroTank system achieves are an ideal fit with Verdant's mandate of developing energy efficient technologies with environmental pay-off," said David Curd, CEO of Verdant Technology Corporation. “The innovative EnviroTank process should pave the way for the EnviroTank subsidiary to achieve industry standard applications in a number of key oil producing regions, resulting in us capturing a significant share of the $700 million global tank cleaning market."

About Verdant Technology Corporation

Verdant Technology Corporation (PINKSHEETS: VTHC) is an incubator and developer of cutting-edge, environmentally sound technologies for the energy sector. Through its proven development program, the company identifies mid-stage technologies, shepherds them through the commercialization process and monetizes them under the management of seasoned experts.

For more information about Verdant Technology Corporation's services and technologies please visit our website at or email

Statements in this release are "forward-looking" statements regarding Verdant Technology Corporation which are covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. Investors are cautioned that such forward-looking statements involve risk and uncertainties, including without limitation, acceptance of the company's products, significant levels of competition for the company and dependence on the performance of the management of the company.

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