Business Services Industry
American Soil Technologies' Agriblend Division Produces Excellent Harvest Results Through Multiple Tests
Business Wire, July 17, 2000
Business Editors
SAN DIEGO--(BUSINESS WIRE)--July 17, 2000
American Soil Technologies, Inc. (OTCBB:SOYL) today announced the testing it has been performing on the effects of AgriBlend on more than 500 acres of crops in new regional markets in Texas, California, New Mexico and Oklahoma has yielded excellent harvest results.
The Company executed 24 tests in Texas, nine in California, seven in New Mexico and one in Oklahoma and has nine additional independent tests being conducted by universities and various private contractors. Tests are being conducted on 17 unique crops, ranging from lettuce to corn.
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Results from the first harvest of peppers in the Bakersfield, California area are: 434 boxes per acre in the untreated control area and 673 per acre in the AgriBlend treated area, representing a total return of $1,494 on just the first picking and an initial investment of less than $100. In Montrose, Colorado, an alfalfa field returned a 56 percent increase in yield over the untreated field.
Raymond Hill, Regional Manager for AgriBlend, stated, "We are very pleased with the results of this picking in Texas, California, New Mexico and Oklahoma. We feel these tests highlight the positive function AgriBlend can have on crops and are confident we will continue to receive similar results in subsequent pickings."
About American Soil Technologies, Inc.
American Soil Technologies, Inc. develops, manufactures and markets cutting-edge technology that decreases the need for water in dry land farming, irrigated farming and other plant growing environments while increasing crop yield and reducing the environmental damage caused by common farming practices. In addition, the Company holds exclusive rights to a soil washing technology that removes hydrocarbon (petroleum) products from contaminated soil and recycles the soil for commercial use.
The Company was formed in September 1999 by acquiring the marketing rights to Agriblend and forming two divisions: Soil Wash Technologies and the Agriblend Division. The technological link between Soil Wash Technologies and Polymers Plus combines the expert knowledge of each company with respect to polymers and soil. The Company believes this strategy will make it a world leader in the science of agronomy. More product information can be found on the corporate Web site, www.americansoiltech.com.
Statements in this news release that are not descriptions of historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expect," "intends," "believes," "plans," "anticipates" and "likely" also identify forward-looking statements. All forward-looking statements are based on current facts and analyses. Actual results may differ materially from those currently anticipated due to a number of factors including, but not limited to history of operating losses, anticipated future losses, competition, future capital needs, the need for market acceptance, dependence upon third parties, disruption of vital infrastructure and intellectual property rights. All forward-looking statements are made pursuant to the Securities Litigation Reform Act of 1995. Additional information on factors that may affect the business and financial results of the Company can be found in filings of the Company with the Securities and Exchange Commission.
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