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Cavitation Technologies, Inc. (CTI) (OTC Bulletin Board: CVAT; Berlin: WTC) is pleased to announce it has executed a Letter or Intent with Womack Systems, LLC (www.womack-machine.com) for the manufacture of its cutting edge Nano-Cavitation Process Systems.
According to Kirk Wiggins, CTI's Director of Sales and Business Development, "The exciting thing about CTI is the diverse applications of our technologies. All of our applications are in industries where there are significant environmental problems and/or a need to reduce costs and improving profitability. We are working on projects and technologies for vegetable oil refining, renewable fuels, petroleum, water desalination, wastewater treatment, food and beverage, chemical industries." Womack Systems has experience in many of these areas and the engineering and manufacturing expertise to produce the CTI systems for each application.
Claus Wissler, Womack Vice-President stated, "Everyone at Womack Systems is looking forward to building a relationship with CTI. Our core competence is the design and manufacture of Fluid Power and Industrial Automation Systems. We apply Total Quality Leadership as our guiding principle, and our Lean Manufacturing processes and Design for Manufacturability and Serviceability standards will allow us to provide value to the partnership with CTI."
Womack serves 19 States including California, Texas, Utah, Montana, Alabama and California. Womack supplies custom manufactured systems to customers in every industry from Energy, Agriculture, and Construction, to Defense. Womack Systems is certified to the ISO9001:2000 Quality Management System Standard. Industrial Distribution Magazine recently ranked Womack as one of the 50 largest industrial distributors in USA. Womack was named one of the "100 Fastest Growing Companies based in Dallas" and one of the "Best Places to Work in Dallas".
Roman Gordon, CTI CEO, stated, "We have looked very hard for a first class company to manufacture our products. We believe Womack Systems is the one. We share their vision and values for superior customer service, products and solutions, honor & respect, integrity & honesty, loyalty & dedication. We are pleased to have them on our team".
Safe Harbor: Pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, and within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Exchange Act of 1934, any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals and assumptions of future events or performance are not statements of historical fact and may be "forward-looking statements." Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this release may be identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions such as "may," "could," or "might" occur. Such statements reflect the current views of CTI with respect to future events and are subject to certain assumptions, including those described in this release. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products, services, and technologies, competitive market conditions, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. Cavitation Technologies, Inc. does not undertake any responsibility to update the "forward-looking" statements contained in this news release.
About Cavitation Technologies
Cavitation Technologies, Inc. (CTI); (OTCBB: CVAT); is a "Green-Tech" company, established in 2006 to become a world leader in the development of new cutting edge technologies for the vegetable oil refining, renewable fuel, petroleum, water treatment, wastewater sanitation, food and beverage, and chemical industries.
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