Attached files
EXHIBIT 99.1
LATITUDE SOLUTIONS, INC. CREATES INTERNATIONAL SUBSIDIARY, LATITUDE WORLDWIDE,
B.V., TO MARKET, DEPLOY AND SERVICE LSI'S ONSITE WASTEWATER TREATMENT SYSTEMS
OUTSIDE OF NORTH AMERICA
Boca Raton, Florida - (December 5, 2011) - Latitude Solutions, Inc. ("LSI" or
the "Company"), trading symbol OTC: LATI.QBannounced today that ithas completed
the formation of its international subsidiary, Latitude Worldwide, B.V., which
will provide the resources necessary to market anddeployLSI's Electro
Precipitation(TM)Integrated Water Systems(TM)wastewater treatment technology
outside of North America. LSI's international operations will be conducted and
serviced exclusively through Latitude Worldwide, which is based in the United
Kingdom with operations worldwide.
Harvey Kaye, Latitude Solutions, Inc.'s Chief Executive Officer stated, "The
establishment of Latitude Worldwide creates an entity dedicated exclusively to
optimizing international opportunities for the Company's technologies
originating outside of North America, particularly with major clients who have
both domestic and international operations. This initiative allows LSI to
continue to focus its resourceson its current North Americanmarket, while
providing operational capability on a worldwide basis."
Sean Salloux, Chief Executive Officer of Latitude Worldwide, B.V., stated, "We
have brought together a talented and experienced team knowledgeable in client
development, marketing, operations and ongoing servicing of LSI's disruptive
water remediation technology."Mr. Salloux further added, "As Europe and other
parts of the world are now aggressively developing hydraulic fracturing
opportunities to increase their oil&gas production, we are pleased to be part of
the expansion and use of the Company's innovative technology."
About Latitude Solutions, Inc.
Latitude Solutions, Inc. provides innovative wastewater remediation solutions to
oil &gas, energy, mining, food processing, agricultural and other industrial
users worldwide utilizing its patented Electro Precipitation(TM), (EP(TM))
technology. Based on this EP(TM) technology, LSI's Integrated Water Systems(TM)
(IWS(TM))remediation processes have the ability to convert massive amounts of
contaminated water resulting from the operations of energy companies and other
industrial users into recyclable and reusable water on a highly efficient and
cost effective basis. This provides our clients with a sustainable solution by
substantially reducing the cost and requirements of freshwater harvesting,
regulatory compliance and wastewater disposal.LSI provides its technology
worldwide via a recurrent revenue business model comprised of a monthly
equipment lease payment and a volumetric processing fee. The Company maintains
ownership and operational control of all its processing equipment in order to
ensure the best possible level of client satisfaction and quality control. LSI
has offices and/or operations in Boca Raton, Florida; Colorado Springs,
Colorado; New York, New York; Chicago, Illinois; Searcy, Arkansas and London,
U.K. Information on the Company and its products can be viewed on
www.latitudesolutions.net.
This press release may contain certain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended.Investors are cautioned
that such forward-looking statements involve risks and uncertainties, including
without limitation, acceptance of the Company's products, increased levels of
competition for the Company, new products and technological changes, the
Company's dependence on third-party suppliers, and other risks detailed from
time to time in the Company's periodic reports filed with the Securities and
Exchange
Contact:
Harvey Kaye, CEO
Latitude Solutions, Inc.
2595 NW Boca Raton Blvd., Suite 100
Boca Raton, FL 33431
(561) 417-0644
hkaye@latitudesolutions.net
Matthew J. Cohen, CFO
Latitude Solutions, Inc.
2595 NW Boca Raton Blvd., Suite 100
Boca Raton, FL 33431
(561) 417-0644
mcohen@latitudesolutions.net
Virginia Dadey, Director of Financial Relations
2595 NW Boca Raton Blvd., Suite 100
Boca Raton, FL 33431
(561) 353-7511
vdadey@latitudesolutions.net
Sean Salloux
Latitude Worldwide
93-95 Gloucester Place,
London, UK W1U 6JQ
Telephone: +44 (0)207 487 8414
s.salloux@worldwidewatertec.co