CALGARY,ALBERTA--(Marketwire - May 24, 2010) - Genoil (TSXVENTURE:GNO)(OTCBB:GNOLF) updates its shareholders on its sanddecontamination & oil water separation technologies. In a recentpress release Genoil discussed its sand and soil decontaminationtechnology which works alongside the Genoil Crystal Sea Oil WaterSeparator. These technologies address all the oil spill contaminationemergencies in the Gulf of Mexico including the beaches, and theLouisiana marshlands. The sand cleaner can be portable and builtespecially to operate using salt water which makes it much moreprofitable. This portability and adaptability enables it to do cleanupat the location much faster than a non-portable unit.
TheCoast Guard & ABS (American Bureau of Shipping) approved CrystalSeparator's reduces oil contaminated water to 2.5 parts per million incontamination versus the Kevin Costner's brother's Ocean Therapy watercleaner which is said to clean the water to 97% to 99% purity or 30,000to 10,000 parts per million contamination. The Genoil Crystal Seaprovides the most significant oil contamination solutions to the Gulfof Mexico oil spill disaster. Mr. Costner's technology has not beencertified by the United States Coast Guard regulations as its puritylevels for the discharge of water in the ports, lakes or rivers of theUnited States are very substantially above legal requirements whileGenoil's Crystal Sea is US Coast Guard approved.
Thesand cleaner of Genoil can return the Gulf of Mexico's contaminatedshoreline to a purity worthy of the most picturesque beaches,marshlands and shorelines in the world.
BP has showninterest in Genoil's cleanup solutions and they are in discussions withGenoil regarding the disaster in the Gulf of Mexico. Genoil is also indiscussions with United States authorities as its oil separationtechnologies are the most advanced in the world for the contaminatedshorelines. While this crisis develops in the Gulf of Mexico, Genoil isin discussions in the Middle East regarding oil spills from the firstGulf War of 1991 for extensive oil contamination that covers anastounding 800 miles of beaches at a depth of six feet stemming fromtactical military decisions of Saddam Hussein which created one of thegreatest ecological disasters in history.
The GenoilChief Executive Officer, David K. Lifschultz, has been working in theMiddle East supervising this potential project as other green projectsentailing environmental cleanups for the area's ports using its CrystalSea Separators water purifier and sand cleaner.
Genoil has the leading environmental cleanup technologies, and is in the process of rolling them out over the entire world.
Genoilhas previously reported the allowance by the United States patentoffice of a patent on its sand decontaminating unit which has now beengranted as a full patent, and has also just been allowed a secondpatent for this sand decontaminating unit. Its Crystal Sea waterpurifier is also patented in the United States. The Crystal Sea is themost advanced, state of the art water purifier and its costs are 75%below its nearest competition. Also, the Crystal Sea combined with oursand/soil decontamination unit offers a total solution to themonumental Gulf of Mexico cleanup problems.
ADVISORY:The TSX Venture Exchange has neither approved nor disapproved of theinformation contained herein. Certain information regarding thecompany, including management's assessment of future plans, strategicpartnerships, operations, financing outcomes and the ability tonegotiate a definitive agreement on terms acceptable to both partiesmay constitute forward-looking statements under applicable securitieslaw and necessarily involve risks associated with an oil and gastechnology development corporation, including competition from othertechnologies and the ability to access sufficient capital from internaland external sources. As a consequence, actual results may differmaterially from those anticipated. The Corporation assumes noobligation to update the forward-looking statements or to update thereasons why actual results could differ from those contemplated by theforward-looking statements. Additionally, statements included in thisrelease may constitute forward-looking statements within the meaning ofthe Private Securities Litigation Reform Act of 1995. Such statementsinvolve a number of risks and uncertainties such as competitivefactors, technological development, market demand, and the company'sability to obtain new contracts and accurately estimate net revenuesdue to variability in size, scope and duration of projects, andinternal issues. Further information on potential risk factors thatcould affect the company's financial results can be found in thecompany's disclosure materials filed on SEDAR at www.sedar.com and with the Securities and Exchange Commission.