Alderox, Inc. To Increase Annual Production Capability to 5,000,000 Gallons
SAN CLEMENTE, Calif., July 1 /PRNewswire-FirstCall/ — ALDEROX, INC. (BULLETIN BOARD: AROX) , a world leader in productivity enhancing, environmentally friendly anti-stick release agents and lubricants to the mining sector, announced today that it will be opening a new production facility in Memphis, Tennessee on August 1, 2008.
The Company has entered into a 5 year lease agreement for a 20,500 square foot facility in Memphis, Tennessee which is scheduled to begin production in August 2008. Alderox, Inc. is gearing up to support upcoming projects within the mining sector.
Mike Davies, CEO of the Company stated, “Alderox, Inc. is negotiating 4 relatively large mining projects which would require the Company to increase production capabilities to over 60,000 gallons of Alderox per month.” Mr. Davies went on to say, “The Company is also working with over 50 additional mines, all at various stages of the sales process. On an average, these mines may represent monthly Alderox usage of approximately 5,000 gallons each. With increasing demands for minerals worldwide, mining companies are focused on finding ways to increase productivity and decrease energy costs. Alderox achieves those objectives.”
About Alderox, Inc.
Headquartered in San Clemente, CA with offices in Colorado, Utah, and Tennessee, Alderox, Inc. manufactures and globally markets its Alderox(R) line of release agents and lubricants to heavy industry. The Company’s patented formulations, which are 100% environmentally friendly, biodegradable, non-hazardous and non-toxic, are used to reduce or eliminate the massive problems associated with the build-up of materials in mining haul truck beds and on mining handling equipment.
Alderox, Inc.'s website is located at http://www.alderoxasa.com/. Contact: Mike Davies, CEO, Alderox, Inc., Tel. 949-542-7440
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company’s control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the company’s filings with the Securities and Exchange Commission.
CONTACT: Mike Davies, CEO of Alderox, Inc., +1-949-542-7440
Web site: http://www.alderoxasa.com/