BOCA RATON, Fla., Jan. 13 /PRNewswire-FirstCall/ -- Latitude Solutions, Inc. ("LSI" or the "Company"), (Pink Sheets: LATI), announced today that its wholly-owned subsidiary, Latitude CleanTech Group, Inc., has acquired all of the assets, intellectual property and technology know-how of F&T Technologies, Inc. F&T Technologies has been owned (and operated) by F. William Gilmore, whose patents form the basis of Latitude CleanTech Group's water treatment technology. Mr. Gilmore will serve as Latitude CleanTech Group's President and Chief Technology Officer.
Warren V. Blasland, Latitude CleanTech Group's Chief Executive Officer, stated, "I have worked closely with Mr. Gilmore over the past year and have seen the major market advantages that occur based upon Mr. Gilmore's knowledge gained over his twenty years of experience including a number of projects conducted with Western Research Institute in Laramie, WY, using EC Technology. Mr. Gilmore was involved with the testing of a wide variety of polluted industrial wastewaters. Mr. Gilmore filed the original patents on Latitude CleanTech Group's treatment technology and continues to develop and patent ongoing enhancements to our technology."
Mr. Gilmore, stated, "The ability to deploy the technology and further refine it to solve the massive problems associated with the oil and gas recovery industry, particularly the oil sands tailings water and shale bed frac and product water and mining wastewaters in an era of increasing population and decreasing availability of clean water worldwide marks the culmination of a lifetime of finding solutions to these problems. I am very enthusiastic about Latitude CleanTech playing an important role in solving these growing worldwide problems."
About Latitude Solutions, Inc.
Latitude Solutions, Inc. is a holding company whose proprietary technologies and operations reside in three subsidiaries. Latitude Clean Technology Group, Inc. provides products, processes and solutions for contaminated water applications. GPS Latitude is the Company's technology/software/hardware group, which provides unique wireless telemetry/live video streaming security products to mobile assets and people. Trinity Solutions, Inc., the Company's third operating subsidiary has entered into a strategic alliance with a super certified Native American enterprise, which allows Trinity, on behalf of itself, its sister companies and other strategic alliances to bid for mission-critical government contracts on a preferential basis. LSI has offices in Boca Raton, Florida, Bend, Oregon, Huntsville, Alabama and Montreal, Quebec, Canada. The products and solutions can be viewed on www.lsiworldwide.com.
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
SOURCE Latitude Solutions, Inc.