TORONTO, Oct. 1 /CNW/ - Dr. Gene Shelp, President and CEO of ENPAR Technologies Inc. ("ENPAR"), is very pleased to announce that ENPAR has received an overall "Prime" Rating of B by Oekom Research AG, which is located in Munich, Germany (www.oekom-research.com).
A Prime company ranks among the world's best companies within the same industry and fulfills the sector-specific minimum requirements defined by Oekom Research. The average Prime Rating for companies in this corporate sector is B-.
The overall rating is based on both social and environmental components. ENPAR scored A- (excellent) on the Environmental Rating.
Oekom Research AG is one of the world's leading independent rating agencies with over fifteen years of experience in the field of sustainable investment. It provides a transparent and scientifically-based evaluation of the environmental and social performance of companies and countries to the international investment community.
Dr. Gene Shelp, President and CEO, stated, "A very positive rating by Oekom Research AG is a major step towards introducing ENPAR to international ethical and environmental investment funds in order to establish a powerful shareholder base with a long-term investment horizon. A stable shareholder base will greatly assist ENPAR in executing its corporate growth and marketing strategies.
About ENPAR Technologies Inc.
ENPAR is a "Technology Company" applying its patented and proprietary "Electrochemical Technologies" to the treatment of waste water and drinking water contaminated by metals or nutrients, i.e., nitrate/ammonia associated with the mining, metal processing, chemical, agricultural, municipal and waste management sectors. The common shares trade on Tier ll of the TSX Venture Exchange under the symbol "ENP".
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
This news release contains forward-looking statements within the meaning of the "safe harbour" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties and other factors that may cause ENPAR Technologies Inc. results to differ materially from expectations. These include risks relating to market fluctuations, property performance and other risks. These forward-looking statements speak only as of the date hereof. Certain statements contained in this press release and in certain documents incorporated by reference into this press release constitute forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe" and "confident" and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. ENPAR believes that the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in, or incorporated by reference into, this press release should not be unduly relied upon. These statements speak only as of the date of this press release. ENPAR undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE ENPAR TECHNOLOGIES INC.
For further information: For further information: Dr. Gene Shelp, President and CEO, Tel: (519) 836-6155, Fax: (519) 836-5683, E-mail: email@example.com, Web Site: www.enpar-tech.com