In the news release, Latitude Solutions, Inc.'s CleanTech Group Division Signs Strategic Marketing Agreement with DCR Inc., an Alberta, Canada Based Company, issued 01-Dec-2009 by Latitude Solutions, Inc. over PR Newswire, the ticker in the first sentence should read "LATI" rather than "LTI" as incorrectly transmitted by PR Newswire. The complete, corrected release follows:
Latitude Solutions, Inc.'s CleanTech Group Division Signs Strategic Marketing Agreement with DCR Inc., an Alberta, Canada Based Company
BOCA RATON, Fla., Dec. 1 /CNW/ -Latitude Solutions, Inc. ("LSI" or the "Company"), (Pink Sheets: LATI), announced today that its wholly-owned subsidiary, Latitude CleanTech Group, Inc., has signed a strategic partnership agreement with DCR, Inc., an Alberta, Canada company with years of operating experience in the Alberta Oil Sands. The companies have agreed to collaborate on the introduction of Latitude CleanTech's proprietary water treatment technology for use by numerous oil companies currently operating in the Alberta Oil Sands.
The principals of DCR have spent years working closely with the numerous oil sands operators. The companies and oil sands operators realize that with the enormous oil reserves to be recovered from the Alberta Sands, state of the art technology for treating oil/sands tailings water resulting from the extraction operations is vitally important.
DCR's senior management stated, "While working on the oil sands for many years, we recognize the value of introducing an efficient, cost effective and environmentally sound technology for treating heavy metals, various fine suspended particles and active biologicals, such as bacteria, viruses and cysts in water, which are not easily treated by other technologies. DCR officials have participated in CleanTech's efficacy demonstration of its water technology."
Latitude CleanTech Group's Chief Executive Officer, Warren V. Blasland, P.E., stated, "We have assembled a team of highly knowledgeable and experienced water technology engineers, environmental scientists and technologists along with the technology's inventor and water expert, F. William Gilmore to team with the principals of DCR to provide Latitude CleanTech Group the most efficient means of establishing the company's proprietary technology as an integral part of the solution to the oils sands tailings remediation effort in Alberta, Canada.
About Latitude Solutions, Inc.
Latitude Solutions, Inc. is a holding company whose proprietary technologies and operations reside in three subsidiaries. Latitude Clean Technology Group, Inc. provides products, processes and solutions for contaminated water applications. GPS Latitude is the Company's technology/software/hardware group, which provides unique wireless telemetry/live video streaming security products to mobile assets and people. Trinity Solutions, Inc., the Company's third operating subsidiary has entered into a strategic alliance with a super certified Native American enterprise, which allows Trinity, on behalf of itself, its sister companies and other strategic alliances to bid for mission-critical government contracts on a preferential basis. LSI has offices in Boca Raton, Florida, Bend, Oregon, Huntsville, Alabama and Montreal, Quebec, Canada. The products and solutions can be viewed on www.lsiworldwide.com .
About DCR Inc.
DCR Inc. is a company which provides solutions to its clients' construction and logistical needs. The company strives to achieve its target of zero lost time in safety and production to its Alberta Oil Sands oil and gas company clients. DCR has recently entered into a partnership with Tirmoil Energy, Ltd., a wholly owned subsidiary of the Peavine Metis Settlement, located in High Prairie, Alberta, Canada. This relationship, along with over 75 years of combined experience of DCR's principals in project management in the oils sands and elsewhere provides an important level of expertise and relationships to assist in the deployment of LSI's clean water technology in Alberta, Canada.
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission
SOURCE Latitude Solutions, Inc.
For further information: For further information: Harvey Kaye, CEO, Latitude Solutions, Inc., +1-561-417-0687, firstname.lastname@example.org; Matthew J. Cohen, CFO, Manager, +1-561-417-0687, email@example.com, both of Latitude Solutions, Inc.; or Warren V. Blasland, P.E., CEO, Latitude CleanTech Group, Inc., +1-561-499-1414, firstname.lastname@example.org; or David Rowe, CEO, +1-403-354-3235, email@example.com, or Jesse Gauchier, HR and Public, Relations, +1-780-523-7393, firstname.lastname@example.org, both of DCR Inc Web Site: http://www.lsiworldwide.com