MIRAMAR BEACH, Fla. and
MANCHESTER, England, Sept. 14 /PRNewswire/ -- NuEarth Corporation
(Pink Sheets: NUEC) ("NuEarth"), a manufacturer and marketer of
"Clean & Green" products and technology, today announced the
signing of the first multi-year contract for the usage of AquaSolv
through its exclusive UK distributor - Cheforfield Distribution Ltd
("Cheforfield") of Manchester,
England UK.
"The successful completion of this agreement is a major
milestone in our Company's progress and growth. This contract
represents the first sales contract completed by our new UK
distributor and represents a first of its kind contract for the use
of AquaSolv as a pesticide carrier and adjuvant," said Sara Coffin, Vice-President of Marketing and
Brand Development for NuEarth Corporation.
The market for carrier oils and adjuvants in pesticide
formulations is estimated by the USDA in excess of $160 million in the USA and more than $528
million worldwide. The use of carrier oils includes
mineral oil, diesel oil and vegetable oils. The use of diesel oil
and mineral oils, even at the relatively low levels used in
agricultural applications, is a source of environmental and public
concern. "Replacement of petroleum-based oils by AquaSolv is a
growing market opportunity for NuEarth as petroleum oil prices
continue to escalate, and petroleum contamination and poisoning
remain a major health concern," said Yeshiva Silverman, distributor
and sales development manager for NuEarth Corporation.
In agricultural use, AquaSolv is readily biodegradable and low
in toxicity to both humans and non-targeted wildlife, providing
both a worker-safety and environmental advantage. "We have been
field-testing AquaSolv, as a carrier for pesticide, under real
world conditions over the last two years with dramatic results,"
said Levi Modelevi, CEO of NuEarth. The use of AquaSolv has
been proven to be a direct substitute for both petroleum and
vegetable spay oils and surfactants. AquaSolv has also been
proven to improve the efficiency of some pesticides in field
trials.
Cheforfield Distribution Ltd is a newly formed product
distribution Company, founded by Mark Cheforfield who brings more
than 30 years of chemical product marketing and sales in the EU.
Mr. Cheforfield is joined by his partners Jay Abujaub and
Rhiad Mohamid Nygen. Their combined retail and wholesale
product marketing and sales experience is 97 years in the chemical
industries of the European Union.
NuEarth is a company dedicated to bringing to market "Clean
Solutions to Complex Problems" by offering a wide range of
biodegradable, environmentally friendly products and technologies
that will substitute for many of the hazardous chemicals commonly
used all over the world. For information about NuEarth and
its product offerings visit us on the web at
www.nuearthcorp.com
This press release contains forward-looking statements regarding
NuEarth within the meaning of Section 27A of the Securities Act of
1933 as amended, as such, may involve risks and uncertainties. Such
statements are based on management's current expectations and
cannot be guaranteed. The forward-looking statements
discussed in this release may not occur and actual results could
differ materially as a result of known and unknown risk factors
affecting NuEarth. Forward-looking statements speak only as
of the date on which they are made and NuEarth undertakes no
obligation to publicly revise any forward-looking statement based
on the result of new information, future events, or otherwise.
Investor relation
contact:
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c/o: Alfon
Rosalini
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866-311-6373
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Alfon.rosalini@nuearthcorp.com
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SOURCE NuEarth Corporation
Copyright . 14 PR Newswire