- As a result of a dedicated marketing effort, Ash Meadows is experiencing growth in revenues and new customers. - Monthly operating costs have decreased $100,000 - Payables have decreased over $1 million or approximately 40%. - Negotiations are occurring with large distributors to process and market the Company's Zeofume product. - The Company continues to move forward toward commercializing its Chabazite deposit for use in specialized filtration applications. - The Company anticipates closing the First Tranche of its Private Placement today.
"We have accomplished many goals in new management's first two months. We realize that shareholders want results quickly. We will continue to build real value and effectively communicate developments to the market" added Mr. Spindler. The Company would like to thank all who participated in the conference call wished to remind all interested parties that a replay is available at www.zeoxcorporation.com.
For a more complete business and financial profile of the Company, management encourages interested parties to view the Company's documents posted on www.sedar.com.
On behalf of the Board of Directors
Garold R. Spindler, Chairman and CEO
FOR FURTHER INFORMATION PLEASE CONTACT:
ZEOX Corporation Michael Shea (203) 210-5614
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.
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