Enzyme Environmental Solutions, Inc. (OTC: EESO) announced that they have signed a contract for a conditional sale of real estate which will be used as a test site to further improve their agricultural odor reduction product. During Monday’s trading the company’s stock rose by 58.82%.
Enzyme Consultants Organization is a U.S. based manufacturer of industrial and agricultural enzyme products. All tests are conducted at their manufacturing plant in Fort Wayne, Indiana. The vision of the company is to become a leader in the industrial and agricultural markets by manufacturing, testing, and developing ecologically friendly products.
Jared Hochstedler, CEO of Enzyme Environmental Solutions, Inc., said, “The agriculture industry offers a tremendous opportunity for our shareholders. Right now the USDA does not require odor control here in the United States, but we all are aware of housing developments that have fought to shut down hogging operations due to the offensive odor. We have some larger hog operations right in the Fort Wayne area that have shut down operations because of the complaints of surrounding developments.”
“If you can imagine the application of our proprietary enzyme-based formulation for odor reduction (already being shipped to our Korean distributor) also being used to keep the hogs clean, reducing the possibility for disease in the animal itself thus allowing for healthier and greater weight gain, how this would impact the hog operations and margins for the farming community. Couple the odor reduction, improved health of the animals and ability to turn the waste into useable processed fertilizing mulch and this literally could produce potential revenues of over $500 million per year,” he further added.
The company came to an agreement with the Cleantech Group previously that involves them in serving Wal-Mart to communicate to the market this intent to meet their environmentally friendly goals, and assist in incorporating technologies and solutions which will generate demonstrable progress towards these objectives.
Furthermore, the company issued a statement that clarified, as of April 10, 2008, the outstanding share count remains at 223,716, 398 common shares issued and outstanding.
Let us hear your thoughts below: