Whatever happened to GolfGear International? E
Post# of 46
Whatever happened to GolfGear International?
EnviroXtract, Inc. Announces Execution of Exclusive Licensing Agreement With GolfGear International, Inc. for Gold and Silver Extraction and Refining Technology
EDMOND, OK -- (MARKET WIRE) -- 09/27/11 -- EnviroXtract, Inc. (PINKSHEETS: EVXA) announces that it has executed a licensing agreement with GolfGear International, Inc. (PINKSHEETS: GEAR) on September 25th, 2011 , under which GolfGear International has acquired an exclusive worldwide sub-license to utilize the Company's proprietary ore processing technology. Under terms of the agreement, EnviroXtract will contract with GolfGear International to supply its ore processing equipment, trained staff, extraction and refining methodologies, and operations supervision. The Company's proprietary Ore-XT3 technology will enable the processing of gold and silver ore concentrates in an environmentally safe manner, while its increased efficiencies are anticipated to significantly increase profitability. GolfGear is currently involved in negotiations to joint venture, fund, and operate gold and silver ore processing projects for both active and proposed mining operations in the western U.S. and abroad in which it plans to utilize the EnviroXtract Ore-XT3 technology.
The CEO of EnviroXtract , James Cheney , remarked, "This agreement with GolfGear International should prove to be a monumental event for EnviroXtract . We anticipate further news to be released soon that will clarify the Company's opportunities for revenues and profits through anticipated gold and silver processing projects with GolfGear ."
Dale Geck , President and CEO of GolfGear International, Inc. , commented, "The Company is excited to have secured a licensing agreement for the Ore-XT3 technology with EnviroXtract, Inc. We look forward to working closely with EnviroXtract in Arizona . GolfGear International is taking the necessary steps to position the Company firmly in the Gold and Silver Mining Industry. EnviroXtract is an integral part of our future."
Through its recent exclusive licensing agreement with EnviroXtract, Inc. , GolfGear International anticipates becoming a leader in the precious metals processing arena. EnviroXtract's unique Ore-XT3 technology application processes ore concentrates utilizing a unique combination of electromagnetic and electrostatic energy contained inside a vacuum environment. The technology utilizes clean electrical energy, emissions can be captured and scrubbed, and any toxic chemicals or heavy metals are captured and mitigated in processing. Ore-XT3 is a green technology capable of mitigating toxic mining tailings while leaving no carbon footprint.