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Today’s Hot Stock is MSE Enviro-Tech (OTC: MEVT)
Detailed Quote: http://www.otcpicks.com/quotes/MEVT.php
Company Profile: http://www.otcpicks.com/mse-enviro/mse-enviro.htm
Company Blog: http://www.otcpicks.com/mse-enviro/index.php
MEVT provides comprehensive solutions for transferring new technologies, managing intellectual property and providing intellectual property consultation. In exchange for facilitating the integration of these technologies into a company’s portfolio MEVT is compensated in the form of cash payment, percentage of gross revenues, equity securities or a combination thereof.
MSE Enviro-Tech’s new fire retardant technology, Hartindo AF21, is emerging onto the scene as one of the premiere products to be used in military uniforms along with other applications. Hartindo AF21 is a colorless, water-based, non-toxic, non-corrosive and environmentally-friendly fire inhibitor. It can be applied to any natural, water-absorbent material and many synthetic materials to protect your family, your property and your peace of mind. The announcement this past weekend bodes well for the company as it strives to snap up many lucrative contracts revolving around the fire retardant material.
February 16 - Hartindo AF21 Meets the Requirements for Fabric Used in Armed Forces Uniforms
MSE Enviro-Tech Corp. (OTC: MEVT) and (OTC: MEH), in collaboration with Megola Inc. (PINKSHEETS: MGOA), announced today that Hartindo AF21 Fire Inhibitor is undergoing further testing at CTT Group (CTT) for the textile industry. Various fabrics are being tested in accordance with ASTM D 6413, Standard Test Method for Flame Resistance of Textiles (Vertical Test). Initial reports show that both 100% cotton fabric and a specific nylon/cotton blend used in the manufacturing of uniforms for the Armed Forces have already met the requirements of the test.
Market
A report by the Freedonia Group states that "the US demand for flame retardants will rise 3.6 percent per year to 1.1 billion pounds in 2008, valued at $1.3 billion. In value terms, growth will increase a robust 5.9 percent annually as higher value specialty flame retardants increase their share of the market."
Currently, many of the approved fire retardants have been shown to have negative environmental and health effects. In addition, many common fire retardant fabrics sacrifice breathability and comfort for safety. Hartindo AF21, being non-toxic and non-irritating, is a potential solution for the problems surrounding this hotly debated topic. With AF21, there is great potential in the production of lightweight, breathable, fire resistant clothing and personal protective equipment.
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Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
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