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Anpath Group, Inc. Engages Laidlaw to Seek Oil & Gas Strategic Partner

 

MOORESVILLE, N.C., Dec. 16 /PRNewswire-FirstCall/ -- Anpath Group, Inc. (OTC Bulletin Board: ANPG), a manufacturer of safe and eco-friendly disinfectant products, announced today that it has engaged its investment banking firm, Laidlaw & Company, to seek a strategic partner in the oil & gas industry for its new product GeoTru® Concentrated Biocide. The Company, through its wholly-owned subsidiary, EnviroSystems, Inc. (ESI), produces disinfecting products designed to eradicate infectious microorganisms while offering a favorable safety and environmental profile.

GeoTru® is an environmentally correct biocide designed to control microorganisms including bacteria, fungi, and algae in oil and gas well stimulation fluids used for hydraulic fracturing and related oil and gas field water systems. GeoTru® will control bacteria in drilling applications and serves to prevent the degradation of fracing fluids and gels used in well stimulations. The product is easy to handle and ship because of its favorable toxicity profile compared to other biocides used for the same purpose, it is not reactive with typical down-hole chemistries, and is equipment-compatible.

The Company recently retained Laidlaw to provide financial advisory and investment banking services and to provide advice on strategic transactions, including possible technology licensing arrangements. "While our engagement with Laidlaw is broad-based, we think it is important to focus on the substantial opportunity represented by the oil & gas market," stated J. Lloyd Breedlove, President and CEO of Anpath Group, Inc.

Executive Vice President and Head of Investment Banking for Laidlaw, Theodore V. Fowler commented, "The ESI technology is a platform technology with diverse applications. We are pursuing multiple opportunities based on that platform but the GeoTru® project provides an environmental solution to a burgeoning need in the vital energy market and, as such, represents a significant opportunity for Anpath as well as a market advantage for its potential strategic partner. Engaging that partner is our priority."

About Laidlaw & Company (UK) Ltd.:

Laidlaw & Company (UK) Ltd. (www.laidlawltd.com) is a full-service investment banking and securities brokerage firm with offices in New York, London and select additional locations. Its brokerage arm provides wealth management advice for domestic and international high-net-worth and institutional clients. Its investment banking arm provides capital raising, M&A, restructuring and other financial advisory services for public and private small cap and middle market clients across a broad cross-section of industry sectors. Laidlaw is authorized by the FSA in the United Kingdom and regulated by FINRA in the United States.

About Anpath Group, Incorporated:

Anpath Group, Inc. (Anpath), through its wholly-owned subsidiary EnviroSystems, Inc., produces cleaning and disinfecting products that it believes will help prevent the spread of infectious microorganisms while minimizing the harmful effects to people, equipment or the environment. Visit www.anpathgroup.com for more information.

EnviroSystems, Inc. is focused on safe infection prevention technologies that the company believes will position the company in the forefront of the industry at a time when there is rapidly growing awareness of the critical need to prevent biological risks -- both natural and man-made. Visit www.envirosi.com for more information.

Forward Looking Statements:

This release may contain forward-looking statements, which reflect expectation or belief by Anpath Group, Inc. concerning future events that involve risks and uncertainties. Anpath Group can give no assurance that the expectations reflected in forward looking statements will prove correct and various factors could cause results to differ materially from Anpath Group expectations, including, but not limited to U.S. EPA and state registration of Anpath Group's products, foreign registration of its products, its ability to carry out its business plan, successful development and commercial acceptance of its products, ability to fund development of its technology, the risk that products may not result from development activities, protection of its intellectual property, need for regulatory approvals, and other factors discussed in periodic Anpath Group, Inc. filings with the Securities and Exchange Commission. Forward-looking statements are qualified in their entirety by the above cautionary statement. Anpath Group assumes no duty to update its outlook or other forward-looking statements as of any future date.

SOURCE Anpath Group, Inc.

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