OKLAHOMA CITY, May 4, 2015 /PRNewswire/ -- Enerlabs, Inc.
(OTC pink:ENLB) is pleased to announce the signing of formal
purchase agreements to acquire Steam Testing Solutions, a
California company and AccuSteam,
a Colorado company. Subject
to financing, each company will become a wholly owned subsidiary of
Enerlabs, Inc. but will continue to operate as individual entities
while being reported under consolidation.
Over the past 34 years, Steam Testing Solutions (STS) has become
a recognized leader as an innovative designer, builder and operator
of multi-phase high pressure steam quality testing systems for the
thermally enhanced oil recovery industry. STS primarily
serves a diverse client base in North
America, which includes some of the leading players in the
oil & gas industry, but also has provided products and
expertise internationally with equipment sales in Oman, China,
Argentina, Japan, Canada
and Indonesia. Owner, operator and inventor, Dan Hutchinson has agreed to continue operating
STS and AccuSteam, as well as consulting with Enerlabs for the next
two years.
Please visit the STS website at www.steamtestingsolutions.com
AccuSteam is a newly formed company for the purpose of launching
a revolutionary new product developed to measure steam quality and
flow rate at fixed location installations. Invented by
Dan Hutchinson, the "AccuSteam"
meter received formal patent approval in March 2015. In
April 2015, the full line of
AccuSteam products were installed in two oil field demonstrations
providing a showcase for potential customers and investors to see
the product line in actual service. Along with the
applications for AccuSteam in the oil & gas sector, the meter
can be applied to a wide range of industries. The Company has
had inquiries from hospitals, pharmaceutical companies and other
medical steam users. There has also been interest from
package boiler manufacturers, process plant steam users and steam
turbine manufacturers and operators.
About Enerlabs, Inc.
The management of Enerlabs, Inc. has 25 years of experience
working in public companies. We are currently negotiating to
combine our public resources with established laboratories and
related services companies that have experienced personnel,
up-to-date equipment and a history of providing reliable service to
their clients. Our strategy is to gain certain advantages
through networking the companies that participate such as, volume
discount purchasing, combined accounting, group insurance,
cross-over sales, shared software and most importantly shared
ideas. Please visit Enerlabs, Inc.'s website at
www.enerlabsinc.com.
Safe Harbor for Forward-Looking
Statements
Certain statements contained in this press release are
forward-looking statements. These forward-looking statements
involve risks and uncertainties that could cause Enerlabs' actual
results, performance or achievements to be materially different
from any future results, performance or achievements expressed or
implied by such forward-looking statements. Except as required by
law, Enerlabs expressly disclaims any intent or obligation to
update any forward-looking statements.
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SOURCE Enerlabs, Inc.