NuEarth Signs First UK AquaSolv Contract ($160,000) USD
MIRAMAR BEACH, Fla. and MANCHESTER, England, Sept. 14 /PRNewswire/ — NuEarth Corporation (Pink Sheets: NUEC) (“NuEarth”), a manufacturer and marketer of “Clean & Green” products and technology, today announced the signing of the first multi-year contract for the usage of AquaSolv through its exclusive UK distributor – Cheforfield Distribution Ltd (“Cheforfield”) of Manchester, England UK.
“The successful completion of this agreement is a major milestone in our Company’s progress and growth. This contract represents the first sales contract completed by our new UK distributor and represents a first of its kind contract for the use of AquaSolv as a pesticide carrier and adjuvant,” said Sara Coffin, Vice-President of Marketing and Brand Development for NuEarth Corporation.
The market for carrier oils and adjuvants in pesticide formulations is estimated by the USDA in excess of $160 million in the USA and more than $528 million worldwide. The use of carrier oils includes mineral oil, diesel oil and vegetable oils. The use of diesel oil and mineral oils, even at the relatively low levels used in agricultural applications, is a source of environmental and public concern. “Replacement of petroleum-based oils by AquaSolv is a growing market opportunity for NuEarth as petroleum oil prices continue to escalate, and petroleum contamination and poisoning remain a major health concern,” said Yeshiva Silverman, distributor and sales development manager for NuEarth Corporation.
In agricultural use, AquaSolv is readily biodegradable and low in toxicity to both humans and non-targeted wildlife, providing both a worker-safety and environmental advantage. “We have been field-testing AquaSolv, as a carrier for pesticide, under real world conditions over the last two years with dramatic results,” said Levi Modelevi, CEO of NuEarth. The use of AquaSolv has been proven to be a direct substitute for both petroleum and vegetable spay oils and surfactants. AquaSolv has also been proven to improve the efficiency of some pesticides in field trials.
Cheforfield Distribution Ltd is a newly formed product distribution Company, founded by Mark Cheforfield who brings more than 30 years of chemical product marketing and sales in the EU. Mr. Cheforfield is joined by his partners Jay Abujaub and Rhiad Mohamid Nygen. Their combined retail and wholesale product marketing and sales experience is 97 years in the chemical industries of the European Union.
NuEarth is a company dedicated to bringing to market “Clean Solutions to Complex Problems” by offering a wide range of biodegradable, environmentally friendly products and technologies that will substitute for many of the hazardous chemicals commonly used all over the world. For information about NuEarth and its product offerings visit us on the web at www.nuearthcorp.com
This press release contains forward-looking statements regarding NuEarth within the meaning of Section 27A of the Securities Act of 1933 as amended, as such, may involve risks and uncertainties. Such statements are based on management’s current expectations and cannot be guaranteed. The forward-looking statements discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors affecting NuEarth. Forward-looking statements speak only as of the date on which they are made and NuEarth undertakes no obligation to publicly revise any forward-looking statement based on the result of new information, future events, or otherwise.
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SOURCE NuEarth Corporation