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Green Processing Technologies, Inc. Enters Into Joint Venture

^{Published on 2010-08-24 14:10:42 - Market Wire}
 

ST. GEORGE, Utah--([ BUSINESS WIRE ])--Green Processing Technologies, Inc. (Pink Sheets: TMGR) (GPTI) announced today that the Corporation has entered into a long-term joint venture agreement with Edmonton, Canada-based CREEnergy Oil & Gas Co. The joint venture is for the purpose of remediation of toxic oil sands mining tailings ponds in the Ft. McMurray area, within the province of Alberta, Canada.

When asked to comment about the JV agreement, Chairman/CEO Stephen D. Cummins replied, aThe Corporation is indeed pleased and privileged to be affiliated with such an established and reputable Canadian corporation in CREEnergy Oil & Gas Co. This agreement is in line with our corporate strategic business development plan. Green Processing Technologies is now positioned to establish its proprietaryfresh and salt water remediation technology in Canada, in what we believe will prove to be a new world standard. GPTI is fortunate that CREEnergy had the ingenuity and foresight to be at the innovative environmental forefront in partnering with GPTI.a

Green Processing Technologies, Inc. is first and foremost a Green Technology development, fabrication and commercialization corporation. GPTI technologies include power generation, oil and sand processing, oil shale processing, inland and salt water oil spill remediation, water remediation, water desalinization and medical waste remediation, and e-waste remediation.