SYMBOL OTCBB: PIEX
NEWPORT BEACH, CA, Jan. 23, 2013 /CNW/ - IBA Green, Inc., a wholly owned subsidiary of Pioneer Exploration Inc. (PIEX) is pleased to announce it has received another Sample of IBA for testing from another multinational corporation for processing using IBA Green's patented Molecular Process.
IBA Green has developed a process to safely and economically utilize the previously hazardous ash. Due to sensitive liability issues' relating to coal ash, containing toxic heavy metals such as arsenic, cadmium, hexavalent chromium, lead and mercury, IBA Green is under a strict Non-disclosure agreement with this multinational client.
"This is great news for the company's process to treat and convert IBA into viable and environmentally responsible construction materials," said Angelo Scola, Chairman of the Board of IBA Green. Municipal Solid Waste Sites across the United States and elsewhere in the world will be able to start cleaning up the toxic landfills using IBA Green's molecular process making the material benign and unable to be released back into our nation's water supplies."
About IBA Green, Inc
IBA Green has developed a process to mitigate the environmental issues associated with toxic end products of the Waste-to-Energy industry, and has developed a patented process to safely and economically utilize the previously toxic end product. The IBA Technology works in synergy with the waste-to-energy industry, converting the toxic end products into commercially viable green construction products.
The IBA Technology was specifically developed to address coal ash and incinerator bottom ash (IBA), which is the resulting residue that is created after the combustion process of burning coal or solid waste to generate electric power. Currently, there are approximately 600 coal burning and 85 waste to energy electric power plants across the USA creating an aggregate 85 million tons of toxic coal ash or IBA annually.
For further information about IBA Green Inc. please visit the company's website at http://www.ibagreen.com/
On Behalf of the Board of Directors
President & CEO
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as "expects," "estimates," "projects," "anticipates," "believes," "could," and other similar words. All statements addressing operating performance, events, or developments that IBA Green or Pioneer Exploration expects or anticipates will occur in the future are forward-looking statements. Because the statements are forward-looking, they should be evaluated in light of important risk factors and uncertainties. Should one or more of these risks or uncertainties materialize, or should any of IBA Green or Pioneer Exploration's underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on IBA Green or Pioneer Exploration's forward-looking statements. Except as required by law, IBA Green or Pioneer Exploration disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this press release. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. No stock exchange has reviewed nor accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Pioneer Exploration Inc.
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President & CEO