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RG Global Partners With Rimon Ltd. for Coal Bed Methane Water Treatment Plant Construction
RANCHO SANTA MARGARITA, Calif., Sept. 7 /PRNewswire-FirstCall/ -- RG
Global (OTC Bulletin Board: RGBL) has awarded the turnkey plant
construction and installation contracts for two coal bed methane (CBM)
produced water treatment plants to Rimon, Ltd., a water management and
treatment business in Israel. Incorporating RG Global's proprietary
Catalyx(TM) ion exchange technology, Rimon will provide the equipment and
installation services for the water treatment plants to be utilized by
Black Diamond Energy and Yates Petroleum to remove contaminants from the
water associated with CBM production.
In 2007, RG Global's Catalyx Fluid Solutions (CFS) division signed a
contract with Black Diamond Energy to build a 20,000 barrel per day CBM
wastewater treatment plant, and has subsequently signed a five-year $20
million contract with Yates Petroleum to operate a CBM water treatment
plant for them.
Rimon, Ltd. specializes in financing, manufacturing, installation and
operation of large-scale water treatment and wastewater treatment plants
worldwide. (website:
http://www.gaonagro.com/default.asp?lang=en&pageid=54). Rimon is jointly
owned by Israel-based Gaon Agro Industries Ltd. (TASE: GAT), a specialist
in water infrastructure, desalination, wastewater treatment and water
purification, and the Granot Group, which is more than 50 years old and has
over US $1 billion in annual revenue.
"RG Global is a technology provider that focuses on developing unique
technologies which reduce operating costs of current water treatment
processes in many areas," said Mr. Juzer Jangbarwala, Chairman and Chief
Technology Officer of RG Global. "By vertically integrating the
manufacturing of major components used in water treatment plants, such as
valves, pipes, controls and filter vessels, Granot is able to provide
extremely competitive pricing and integrated reliability assurances to us.
We will partner with financially stable and operationally strong companies
like Rimon, Granot and Gaon for implementation of our technologies to free
our resources so we can focus on research and development and further
explore the best opportunities available."
Rimon and RG Global's CFS division are in discussions for possibly
deeper cooperation where RG Global would be the technology provider for
multi-million dollar projects with Rimon.
"RG Global's waste minimization technology is superior to any
technology we have examined," explained Mr. Yossi Elmalem, Rimon General
Manager and CEO. "We believe we can utilize this technology as well as
other technologies from RG Global to reduce the operating costs on many of
our current projects. We are very excited and eager to take this
relationship further in the fields of nitrate, ammonia and arsenic
removal."
Mr. Jangbarwala noted, "I believe the combination of our technology
with the competitive turnkey pricing from Rimon will make us the lowest
cost provider of turnkey and build/own/operate (BOO) plants in the
desalination, municipality water/sewage treatment and specialty water
treatment markets. Granot's financial strength will allow us to offer our
clients hassle-free BOO contracts, such as the ones we have in the coal bed
methane industry."
About RG Global Lifestyles, Inc.
RG Global Lifestyles, Inc. develops and markets innovative technologies
for water purification and wastewater treatment. Major energy production
companies have selected RG's proven Catalyx(R) technology to economically
treat coal bed methane wastewater, making production of this plentiful,
clean-burning gas more economically feasible and environmentally friendly.
RG manufactures OC Energy(TM) brand energy drinks that boast a proprietary
energy pack, natural vitamins and low sugar levels to intensify alertness
without the typical crash. RG's Aquair(TM) atmospheric water generators
produce purified water from air -- the ideal solution for military troops,
disaster and drought-stricken areas and situations where drinkable water
isn't easily accessible. For more information, visit
http://www.rgglife.com.
Safe Harbor Statement
The statements contained herein that 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, risks
associated water generation products, risks associated with dependence on
third parties, and other risks identified from time to time in the
Company's reports and registration statements filed with the Securities and
Exchange Commission. All forward-looking statements attributable to the
Company, or persons acting for the Company, are expressly qualified in
their entirety by these cautionary statements.
Contact: Julie Shepherd, Accentuate PR, (815) 479 1833,
Julie@accentuatepr.com
Existing and potential shareholders who wish to receive email
notification of RG Global's company news should send an email to
Julie@accentuatepr.com with "RGBL Email Updates" in the subject line.
SOURCE RG Global Lifestyles, Inc.
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