A Frack Water Tax, and the Drama of Contamination
From: Riggs Eckelberry
Los Angeles, April 15, 2013
A Texas tax on fracking waste water?
The Texas legislature will vote soon on a tax on waste water from fracking operations to further encourage the recycling of remediated water as an alternative to using wastewater disposal wells.
Recycling is the future for frack water.
Here’s the full story. Thanks to longtime investor Jim Higginson for the alert!
“The drama of contamination”
As you know, Jose Sanchez spoke last weekend at the National Algae Association’s Algae Farming Workshop in Houston.
Well, he was a hit. His coverage of “The Drama of Contamination” drove home how critical it is to have a way to reduce bacterial invasions, and also keep genetically-modified organisms (GMOs) from escaping!
I’m told we can expect a number of new customers and industry partners out of this smash hit performance.
Onward to Vienna
Right now he’s in Pennsylvania meeting with our aquaculture partner, WeFeedUs, and setting up a new Algae Appliance customer site…
Then on to Vienna, where he will speak at the European Algae Biomass 2013 conference on Wednesday the 24th.
Sanitizing wastewater in Paris
While in Europe, Jose will spend important time at our joint venture, Ennesys, which is pioneering algae-powered buildings.
Jose has designed a system to sanitize wastewater coming out of buildings so that algae can feed on it safely.
Ennesys will be the first to test the prototype of this exciting new application of our technology.
This application is actually critical to the future of the European algae industry, as Jose pointed out in his presentation to the 8th World Biofuels Market, “Is 2013 the Year of Algae?”.
Back to Singapore!
After a few days back in the USA testing our aquaculture prototype, Jose will be off to Australia and Singapore.
There he will help Nicholas (our co-founder and chief inventor), of “jar of algae paste” fame, present this new machine to the fast-growing fish farming industry in Southeast Asia.
Whew! That is a schedule to rival Henry A. Kissinger, indeed.
Our Singapore sales agent
I’m happy to mention here that a major investor in our company, Eng Cheh Hong, has formed Original Oil Asia Pty Ltd, to represent us commercially in the Southeast and East Asian region.
Feel free to contact Eng by emailing email@example.com. We’re honored to have him representing us!
The $5 million sales opportunity
Well, that’s it for now.
Next week I would like to walk you through the financial model that demonstrates how we can achieve $5 million in initial sales of the Algae Appliance.
It’s quite compelling.
Have a great week!
Riggs and Team
Safe Harbor Statement:
Matters discussed in this update contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this update, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.