SOURCE: Verdant Technology Corporation

May 18, 2006 16:24 ET

Verdant Technology Corporation Announces Development of Breakthrough, Environment Friendly Technologies for the Energy Sector

HOUSTON, TX -- (MARKET WIRE) -- May 18, 2006 --Verdant Technology Corporation (OTC: VTHC) is an incubator and developer of cutting-edge, environmentally sound technologies for the energy sector. The company has successfully harnessed exciting upstream and downstream technologies that provide significant commercial benefits to established and alternate areas of the Energy industry.

In response to the global trend of escalating energy costs, diminishing energy supply and the demand for better protection of the environment, the company is developing breakthrough energy related technologies to meet the demands of the expanding economies of the 21st century.

Verdant's business model is to acquire, incubate and develop innovative technology solutions to enhance existing and future energy sources while procuring positive environmental benefits and balancing long-term growth, financial stability, and shareholder value.

Revenue is generated from the technology, intellectual property and assets through wholly owned subsidiaries, licensing, royalty fees and Master Limited Partnerships. Current portfolio technologies encompass Oil & Gas reservoir production enhancement concerning Paraffin and Asphaltene blockage. The company's strategy includes the purchase and treatment of poorly performing proven reservoirs, the earning of accretive production revenues and onward sale of enhanced assets. Verdant's Downstream Service technology offers increased crude recovery and safety values with reduced downtime and significant environmental benefits. Additionally Verdant Technology Corporation has further dynamic and complimentary technologies under negotiation.

"By establishing itself as a 'safe-haven' for inventors of breakthrough technologies and maintaining well-defined monetization goals for their shareholders, Verdant is poised to bring technologies encompassing both energy efficiency and environmental benefits to the forefront of the global energy markets," said David J.Curd, Chief Executive Officer of Verdant Technology Corporation.

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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