Business
LCTI Low Carbon Technologies International, Inc. Announces Update on Energy Efficiency Firm Acquisition Expected Closing Date 10/31/2013
LCTI Low Carbon Technologies International, Inc. Announces Update on Energy Efficiency Firm Acquisition Expected Closing Date 10/31/2013.
About this update from Lcti Low Carbon Technologies Intl
[{"type":"text","content":"\n \n \n LCTI Low Carbon Technologies International, Inc. Announces Update on Energy Efficiency Firm Acquisition Expected Closing Date 10/31/2013\n \n \nLCTI Low Carbon Technologies International, Inc. Announces Update on Energy Efficiency Firm Acquisition Expected Closing Date 10/31/2013\n\nCompany to Sign Agreement for Groundbreaking Patented Environmental Mining Technology\n\n \n VANCOUVER, BC--(Marketwired - Sep 30, 2013) - LCTI Low Carbon Technologies International, Inc. (PINKSHEETS: LWCTF), a diversified company focused on the Clean-tech, Construction, Energy & Energy Efficiency, Environmental, Mining and Real Estate business sectors, announced today that the company has received the final definitive agreement for the acquisition of the Central Texas Energy Efficiency firm.?The Company has consistently completed 10-15 projects per year and 2013 year end revenues are expected to exceed $12 million.\n In other news the Company is finalizing the terms of an agreement to procure a groundbreaking patented environmental mining technology for use in the copper mining industry. The technologies significantly reduce emissions of carbon dioxide, sulfur, arsenic, antimony, bismuth, and selenium into the environment compared to conventional practices. The technology process enables copper production from ore bodies that are too high in arsenic content to be developed by conventional practices and copper and precious metal recovery rates and yields are very significantly greater than current practices.\n The Company plans issue licenses to third parties within the copper mining industry and in exchange will receive licensing fees, royalties and/or project specific equity.\n Safe Harbor\n This news release contains forward-looking statements.?These statements fall within the meaning of the Private Securities Litigation Reform Act of 1995 (the \"ACT\").?Such statements are not historical facts; including statements about plans and expectations regarding products and opportunities, demand and acceptance of new or existing products, capital resources and future financial results -- all forward-looking.?Forward-looking statements involve risks and uncertainties which may cause the Company's actual results in future periods to differ materially from those expressed.?These uncertainties and risks include changing consumer preferences, lac...