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WLSA News .015 Wireless Age Outsources CR40 CR

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Post# of 145205
Posted On: 05/11/2012 9:19:03 AM
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Posted By: lucyinthesky

WLSA News .015



Wireless Age Outsources CR40 & CRF40 Manufacturing




2012-05-11 09:17 ET - News Release



 



TORONTO, ONTARIO -- (MARKET WIRE) -- 05/11/12



John G. Simmonds, Chairman & CEO of Wireless Age Communications Inc. ("WLSA") (PINKSHEETS:WLSA), operating as Vertility Technology Corporation ("Vertility") (www.vertilitytechnology.com), announced today that is has entered into a contract with Covenant Industries, ("Covenant") to process tires collected by Covenant into CR40 & CRF40.



Covenant, located in Waterford, Ontario has been in the business of recycling tires for over 2 years. They have a consistent supply of tires and have committed to producing CR40a60/0 exclusively for Vertility Technology.



Initially, Covenant can supply up to 2 tons per day. We expect with additional equipment and expanded facilities this amount can increase to 10 tons per day by the third quarter. The testing is now complete and the product is ready for processing and commitments have been received for large quantities.



John Simmonds stated, "We now have concluded the transaction to acquire the rights to the crumb from Clair Shoemaker and his Group for cash and shares and are very excited about the potential of the product. In addition to Oil Spill Recovery, we have discovered other significant uses for both crumb and fibre and are pursuing these opportunities with several potential customers."



Vertility Technology Corporation is a public company focused on acquiring and expanding companies providing end-to-end life cycle solutions for waste and energy efficient products and services for residential, commercial and industrial end users.



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