CHARLESTON, S.C., Dec. 28, 2005 (PRIMEZONE) -- Wastech, Inc. (Pink Sheets:WTCH) (the "Company") today was pleased to announce the filing of two waste-related patents with the United States Patent and Trademark Office (USPTO). The pending patents are filed with the USPTO as "Refuse Loader," Serial Number 10/956,488 and "System and Method For Refuse Routing," Serial Number 10/979,878. The patents surround an entirely new debris collection and transportation system, incorporating the Company's specialized container system (hereinafter, the "Wastech System").
Pursuant to agreements associated with the Company's restructuring last March, Mr. Richard D. Tuorto, Sr., Wastech's CEO, assigned the invention to a Company affiliate, New Waste, Inc., however retaining all rights and privileges to license the Wastech System for its own benefit and on behalf of itself. Over the next few months the Company plans such a pilot and proof of concept initiative, as the garbage truck is currently being manufactured with engineering oversight, and plans of a residential, collection route immediately upon completion.
In general, the new collection system utilizes a typical, packer-based, refuse (garbage) truck that collects debris from residential and commercial customers, yet engineered and modified internally with Wastech's specialized containers for more efficient collection, transportation and ultimate disposal.
The Wastech System thereby eliminates the necessity of immediate landfill disposal once the truck is full; specialized containers may simply be exchanged with empty one's while the full containers are stored for future short or long haul transportation and disposal. Additional benefits, and cost-savings as the case may be, such as decreased wear and tear on the garbage truck, as well as reduced labor, fuel, and disposal costs, are a natural result from this revolutionary new system.
Wastech plans to have both patents-pending available on its website soon, www.wastech.org, however original filed copies will be made available in the upcoming days on its affiliate's site at Environmental Energy Services, Inc. (Pink Sheets:EESV) by visiting www.eesvinc.com.
The above release should be read in conjunction with submissions of the Company filed with the Securities and Exchange Commission on Form 8-K, and can be obtained online at www.sec.gov or by request directly to Wastech.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this news release which are not historical facts may be "forward-looking statements" that involve risks and uncertainties which could cause actual results to differ materially from those currently anticipated. For example, statements that describe Wastech's hopes, plans, objectives, goals, intentions, or expectations are forward-looking statements. The forward-looking statements made herein are only made as of the date of this news release. Numerous factors, many of which are beyond Wastech's control, will affect actual results. Wastech undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. This news release should be read in conjunction with Wastech's annual report on Form 10-KSB for the fiscal years ended December 31, 2002, 2001 and other filings with the U.S. Securities and Exchange Commission.