Vista Revenue Increases 45%, Project Components Ready for Delivery
(firmenpresse) - DENVER, CO -- (Marketwired) -- 05/15/13 -- Vista International Technologies, Inc. (OTCQB: VVIT), a pioneer in efficient Waste-to-Energy technology, is pleased to give investors an update on recent revenue generated by the Company, as well as an update on the Company's pilot Waste-to-Energy project.
For the month of April, 2013 the Company saw revenues increase by roughly 45% over April 2012, topping $63,000. The increase was mainly due to increased sales of processed tire material at the Company's tire processing facility in Hutchins, Texas, as the Company added a new customer for the processed material, while increasing shipments to its existing clients. The company has had a strong start to May as well, and expects continued strength well into the seasonally strong summer months.
In March of 2013, the company began construction of a pilot waste-to-energy facility located in the northeastern US. The company has received the first two tranches of funding for the project, and construction is running on schedule. The company will being shipping certain assembled project components to the project site as early as next week.
CEO Tim Ruddy commented on the news. "The strong revenue at the Hutchins facility has been a significant positive for the Company in the opening months of 2013, and has allowed us to focus our efforts on the construction and installation of our first 3rd generation Thermal Gasifier unit. As news of our project has circulated, we have seen requests from various groups on three different continents for more information on, and demonstrations of, our technology."
Vista International Technologies, Inc. has been producing Waste-to-Energy gasification systems for over twenty years, with installations across three continents. The Company's technology has low costs of installation and operation, and allows for the processing of virtually any hydrocarbon-based waste product, including municipal solid waste, waste tires, waste coal, sewage waste, and biomass, among others. The company's Waste-to-Energy systems are emission friendly and extremely efficient, and can be used to produce heat, steam, and/or electricity.
For more information on Vista or this release, please visit our website at , email us at , or call 303 690 8300
Vista International Technologies, Inc.
303 690 8300
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Datum: 15.05.2013 - 07:30 Uhr
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News-ID 1227627
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