JACKSONVILLE, Fla., March 12, 2012 (GLOBE NEWSWIRE) -- Mariner's Choice International, Inc. (Pink Sheets:MCII), a North American manufacturer and marketer of an extensive line of ecologically-safe products for the marine and other industry segments, today announced that it has signed a Letter of Intent with one of the leading environmental technology companies in Sweden.
Amie Hingston, President & CEO stated, "We are pleased to align ourselves with such an innovative company in the environmental arena. The agreement outlines our mutual intent to develop the business in the defined territories, which include North America, the Caribbean and parts of Europe and South America. It also calls for a more definitive agreement to be put in place within the next six months."
Mariner's Choice has received samples of their latest product, which has been tested for its effectiveness and efficiency in processing oil sands. The product does not require as much heat or water – a part of the process that is currently under scrutiny and criticism. The sample is being made available to select companies to perform initial bench-top tests to observe its performance, with an opportunity to scale up for further verification. The benefits of this environmental product could translate into significant cost savings and lessen the environmental impact through decreased use of energy and water, as well as provide a more efficient separation of oil from the sand particles.
Mariner's Choice is continuing to develop its business in the remediation and waste treatment sectors with MUNOX® SR and other complementary products. Our focused effort in the Caribbean has been showing signs of progress, whereby the product has been included in a number of bid submissions for remediation projects.
About Mariner's Choice International, Inc.
Mariner's Choice manufactures and markets high-performance, ecologically safe commercial, industrial and retail products utilizing leading-edge readily biodegradable technologies. Each product is tested to exacting standards and superior performance levels that often exceed those of comparable products that contain harmful compounds or ingredients. Some of the company's "green" products employ nanotechnology. For more information, please visit www.marinerschoice.net <http://www.marinerschoice.net/>.
Forward-Looking Statements
Except for statements of historical fact, the matters discussed in this press release are forward-looking, and are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements made herein regarding the intent, belief or current expectations of Mariner's Choice International, Inc. are forward-looking statements that reflect numerous assumptions, risks and uncertainties, many of which are beyond our control, and any of which could cause our actual future results to differ materially from our stated expectations today. Prospective investors are cautioned that our forward-looking statements are never guarantees of future performance. Important factors currently known to management that could cause our actual future results to differ materially from those indicated in our forward-looking statements today include our limited operating history, fluctuations in our operating results, our ability to compete successfully and our ability to attract necessary capital on satisfactory terms. Except as required by applicable law, we undertake no obligation to update or revise our forward-looking statements to reflect changed assumptions, the occurrence of unanticipated future events or changes in our future operating results.