CHARLESTON, S.C., June 23, 2006 (PRIMEZONE) -- Wastech, Inc. (Pink Sheets:WTCH) (the "Company") announced today that it has retained CLX & Associates, Inc. ("CLX") to consult the Company with a range of marketing services, including strategic planning, investor relations, web development and public identity.
"Since the appointment of Mr. Douglas Holsted as Director and CFO, and the engagement of CLX & Associates, financials are being compiled at an unprecedented pace, marketing, web site and media kits are being professionally prepared, press releases are more frequent and informative, and, most importantly, dissemination has and will continue to be delivered to a vast audience, many of which were previously unaware of the Company's waste technologies, nor its prospects for alternate energy production in the future," commented Mr. Richard D. Tuorto, Wastech Chairman and CEO.
Mr. Tuorto stated further: "The acquisition of Wastech mineral reserves in excess of $1 billion in West Virginia, coupled with proprietary waste technologies, carrying potential alone to save billions per year for select venues, simply does not justify this Company's market value. CLX has demonstrated superior experience in creating mass public awareness and increased market value for companies such as Wastech. Shareholders should expect great things to come from this relationship into the future."
About CLX & Associates
CLX & Associates brings high quality consulting services to companies using many of its highly targeted resources. Its team of professionals will help client companies achieve a fair market value by ensuring that shareholders, prospective investors and other members of the financial community are aware of the client's company goals. Web site: www.clxonline.com.
About Wastech
Wastech, Inc. is an Oklahoma-based, public holding company, with investments in energy assets and proprietary waste management technologies, specializing in alternate means of collecting, transporting, and disposing of liquid and solid bearing wastes, as well as integrated waste to energy programs, utilizing environmentally friendly conversion systems, such as gasification and steam classification. Wastech currently utilizes 8 patents in its business pursuits, and owns approximately 50,000 acres of coal, coal bed methane, and oil and gas rights across the mineral rich state of West Virginia.
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.