--(www.USEquityNews.com)-- 09/08/2008 - Consumer Goods industry alert provided by U.S. Equity News. Stepan Company (NYSE: SCL) and Nalco Holding Company announced recently the formation of a joint venture to globally market custom engineered chemical solutions for increased production of crude oil and gas from existing fields. The dramatic increase in the price of crude oil has created renewed interest in enhanced oil recovery (EOR) technologies. Operating under the Tiorco brand, the joint venture provides an integrated sales and service channel that benefits from Nalco's extensive reach in global upstream energy markets, its recently acquired EOR polymer and reservoir expertise and Stepan's global surfactant technology and manufacturing capabilities. Tiorco will also serve as a primary sales and engineering service channel for Nalco's BrightWater(R) Reservoir Efficiency Technology.
SpongeTech(R) Delivery Systems, Inc. (OTCBB: SPNG) is pleased to announce that its CEO and President, Michael Metter, will be interviewed recently on Steve Crowley's American Scene Radio Show at 11:34 a.m. EDT. The interview can be heard live on BusinessTalkRadioNetwork(R) affiliate radio stations streamed on its website, www.businesstalkradio.net. You can find local radio stations by accessing the website, as well. Mr. Metter will be scheduled for future interviews on American Scene, where he will keep listeners updated on SpongeTech(R)'s products and developments. For more information, please contact Investor Relations at 1-877-SPONGE-T, and/or visit the Company's website at: www.spongetech.com.
Darling International Inc. (NYSE: DAR) recently announced that it has completed its acquisition of substantially all of the assets of API Recycling's used cooking oil collection business. API Recycling is a division of American Proteins, Inc., and it operated three facilities in the state of Georgia servicing surrounding states. Darling International Inc. Chairman and Chief Executive Officer Randall Stuewe said, "We are excited about our acquisition of API's three facilities in Georgia. These modern facilities will help us continue our strategy of broadening our national footprint in the restaurant services segment." Darling International Inc. is the largest publicly traded, food processing by-products recycling company in the United States.
The Anviron Holding Company (OTC: ANVH) ("Anviron"), a manufacturer and marketer of "Clean & Green" products and technology, announced that it has filed an Amendment to the Articles of Incorporation reducing the conversion rights of its preferred stock. In addition, the company announced the reduction of its remaining long-term debt by $239,000 USD. "As our cash reserves begin to grow after the trying and difficult growth phase we have experienced, the company has been able to reduce our long term debt by more than $239,000 in the month of August. This reduction is a pivotal step in controlling our shareholder base, as this reduction also eliminates the last remaining convertible note posted on the books of the company," stated Marcie Corbin acting CFO of Anviron. The company in an effort to position itself in the most favorable like to investors has taken the steps in cooperation with its largest shareholders to reduce the current conversion rights of its preferred stock.
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