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FOR IMMEDIATE RELEASE:
Contact: Structural Enhancement Technologies Corp.
Andrew B. Mazzone, President
631-256-5749
631-560-4108
Structural Enhancement Corp. Announces Corporate Update Now Current on its Filings & Discusses Future Plans
Bohemia, New York, May 23, 2012—Structural Enhancement Technologies Corp. (OTC Markets: “EMWW”) announced that it has completed a restructuring of the company, become current on its filings, and is in final negotiations to acquire a profitable revenue producing company. They further announced that as part of the restructuring of the company and completion of the acquisition, a new management team will be put into place.
The new filings are an Initial Issuer Disclosure Statement with OTC Markets, as well as the necessary disclosure for the Quarter ended March 31, 2012. As a result, Structural Enhancement Technologies Corp. is currently listed as “OTC Pink Current Information.” The company also plans to complete an audit and become a fully SEC reporting company by the years end.
In addition to these exciting developments, EMWW has held preliminary talks with respect to the acquisition of a company in the Renewable Energy Sector. Final negotiations are expected to be completed in the near future and a Letter of Intent should be agreed to and executed within 30 days.
“The patience of our shareholders is about to pay off. In addition to becoming a current filer with OTC Markets, we are in final negotiations to acquire a private, revenue producing company that is currently profitable” said Andrew Mazzone the CEO of Structural Enhancement Corp. “Once we have the LOI signed we will also announce that I and the rest of management will step aside. When I entered into these negotiation I had two goals in mind: first to find a company that would bring value to our shareholders, and second, to have that company come with its own management team. Though I have enjoyed my time as the CEO, its time for me to make way for a new team with an exciting business and fresh ideas.” Mazzone commented further.
If such transaction is agreed to and closed, Structural Enhancement Technologies Corp. will continue to operate it current subsidiary, Extreme Mobile Coatings, Inc., as well.
It is anticipated that new management, including a new President and members of the Board of Directors will be announced shortly.
Finally, Structural Enhancement Technologies Corp. has relocated its offices to:
120C Wilbur Place
Bohemia, 11716
631-256-5149
631-256-5750 (fax)
For further information, please visit the following websites:
About Structural Enhancement Technologies Corp.
Through its wholly owned subsidiary, Extreme Mobile Coatings, Inc., based in Nicholasville, Kentucky, Structural Enhancement Technologies Corp. operates an onsite mobile business that provides painting or coating on various surfaces utilizing specialized proprietary material. The Company also offers its anti-microbial services in other areas of the United States through various providers.
Forward-Looking Statements
This press release contains forward-looking statements, which represent the Company’s expectations or beliefs, including, but not limited to, statements concerning plans, growth and strategies, which include, without limitation, statements preceded or followed by or that include the words may, will, expect, anticipate, intend, could, estimate, or continue or the negative variations thereof or comparable terminology. Any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. These statements by their nature involve substantial risks and uncertainties, some of which are beyond the Company’s control and actual results.
Source:
Structural Enhancement Technologies Corp.
Contact:
Andrew B. Mazzone
631-256-5149
631-560-4108
