LOS ANGELES, April 1 /PRNewswire-FirstCall/ -- Cavitation Technologies, Inc. (OTC Bulletin Board: CVAT & Berlin/Stuttgart: WTC) announced today that it will install its first edible oil nano technology refining system as a result of its exclusive licensing agreement with Desmet Ballestra www.desmetgroup.com.
According to Roman Gordon, CTI's CEO, "We confirmed today that we have a target date of April 16th to install the first full capacity pilot system in a large scale vegetable oil processing plant." Mr. Gordon also commented "that this first edible oil refining system installation is being done in conjunction with industry leader Desmet Ballestra for one of its 5,000 potential clients in this sector."
Following the successful installation and client satisfaction report for this first facility, CTI and Desmet Ballestra will ramp up to sell systems to other clients using Desmet's large sales force.
About Cavitation Technologies
Cavitation Technologies, Inc.; (OTC Bulletin Board: CVAT); is a "Green-Tech" company, established in 2006 to become a world leader in the development of new cutting edge technologies for the: edible oils processing, renewable fuel, petroleum refining, water treatment, wastewater sanitation, food, spirits, beverage, and chemical industries. For additional information please visit: www.cavitationtechnologies.com
Safe Harbor: Pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, and within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Exchange Act of 1934, any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals and assumptions of future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this release may be identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions such as "may," "could," or "might" occur. Such statements reflect the current views of CTI with respect to future events and are subject to certain assumptions, including those described in this release. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products, services, and technologies, competitive market conditions, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. Cavitation Technologies, Inc. does not undertake any responsibility to update the "forward-looking" statements contained in this news release.
SOURCE Cavitation Technologies, Inc.