CybeRelease: (OTC: PSVI) In Alliance To Address Military and Industrial Markets
(CybeRelease, December 21, 2006) - Lake Harmony, PA - Preservation Sciences, Inc. (OTC PK: PSVI), discovering new technologies through natural resources, today announced the formation of a strategic business relationship with Richard Parks Corrosion Technologies (RPCT), Inc. to expedite the approval of the Company’s lead industrial product with the United States Navy, major shipyards and other relevant marine industry companies.
Based in Garrison, Virginia, RPCT is a material science-focused company currently engaged in a variety of state-of-the-art corrosion engineering and consulting projects, with long-standing ties with the U.S. Navy.
Flash OFF was developed by PSVI as a rust inhibitor that not only prevents the rust from forming with significant advantages in performance over competing products, but is biodegradable and safe for the environment. The product is designed to target the estimated $276 billion direct cost of metallic corrosion in the United States from infrastructure and transportation to production and manufacturing. Flash OFF is an environmentally safe product that has shown to be effective at controlling corrosion, reducing cycle times and significantly cutting expenses and other losses resulting from flash rust.
“We are thrilled to have Richard Parks and his company on board with us,” said Gary Harrison, Chairman and Chief Executive Officer of Preservation Sciences. “We have obtained numerous coating company approvals for Flash OFF, and are progressing in our initiative to deliver our innovative and competitively advantageous product for the U.S. Navy’s critical applications. We believe that Rich, with his thirty-plus years working in the Navy, can provide the guidance we need to secure government approval.”
For more information, go to http://biz.yahoo.com/bw/061220/20061220005093.html?.v=1
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