|By Marketwired .||
|September 30, 2013 11:12 AM EDT||
VANCOUVER, BC -- (Marketwired) -- 09/30/13 -- LCTI Low Carbon Technologies International, Inc. (PINKSHEETS: LWCTF), a diversified company focused on the Clean-tech, Construction, Energy & Energy Efficiency, Environmental, Mining and Real Estate business sectors, announced today that the company has received the final definitive agreement for the acquisition of the Central Texas Energy Efficiency firm. The Company has consistently completed 10-15 projects per year and 2013 year end revenues are expected to exceed $12 million.
In other news the Company is finalizing the terms of an agreement to procure a groundbreaking patented environmental mining technology for use in the copper mining industry. The technologies significantly reduce emissions of carbon dioxide, sulfur, arsenic, antimony, bismuth, and selenium into the environment compared to conventional practices. The technology process enables copper production from ore bodies that are too high in arsenic content to be developed by conventional practices and copper and precious metal recovery rates and yields are very significantly greater than current practices.
The Company plans issue licenses to third parties within the copper mining industry and in exchange will receive licensing fees, royalties and/or project specific equity.
This news release contains forward-looking statements. These statements fall within the meaning of the Private Securities Litigation Reform Act of 1995 (the "ACT"). Such statements are not historical facts; including statements about plans and expectations regarding products and opportunities, demand and acceptance of new or existing products, capital resources and future financial results -- all forward-looking. Forward-looking statements involve risks and uncertainties which may cause the Company's actual results in future periods to differ materially from those expressed. These uncertainties and risks include changing consumer preferences, lack of success of new products, loss of the Company's customers, competition and other factors discussed from time to time in the Company's filings with the Securities and Exchange Commission. You can identify forward-looking statements by terminology such as "may," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions. Other factors may cause the Company or the industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results.
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