Water Stocks Sector Close –Up on Water Stocks Following a Recent Survey Reporting Water Issues are the Top Environmental Concern Worldwide
POINT ROBERTS, WA and DELTA, BC –August 21, 2009 www.Water-Stocks.com, an investor and industry portal for the water sector within Investorideas.com, presents a sector close-up on water stocks following a recent survey reporting water issues are the top environmental concern worldwide. Investors following the sector can find research tools, news and global water stock directory to find opportunities within the growing sector.
Water investors can also read recent interviews and gain insight from Perspectives on the Water Industry by Sector Expert Neil Berlant, Fund Manager of the PFW Water Fund : PFW Water A (PFWAX).
Report/news:
NEW GLOBAL PUBLIC OPINION SURVEY FINDS WATER ISSUES ARE THE TOP ENVIRONMENTAL CONCERN WORLDWIDE
Water pollution and shortage of fresh water emerge as most important water-related issues
STOCKHOLM – A comprehensive global public opinion survey on attitudes about fresh water sustainability, management and conservation finds that people around the world view water issues as the planet’s top environmental problem, greater than air pollution, depletion of natural resources, and loss of habitat and climate change.
The poll surveyed 1,000 people in each of 15 countries, and probed 500 in each of the following countries on specific questions: Canada, China, India, Mexico, Russia, the United Kingdom and the United States. The results were released today in Stockholm as part of World Water Week. The independent survey was commissioned by Circle of Blue, the Michigan-based international network of leading journalists, scientists and communicators focused on global water issues. Molson Coors Brewing Company (NYSE: TAP) supported the research, which was conducted by GlobeScan, a global survey research firm.
Full Story: http://www.investorideas.com/News/082009c.asp
According to Dave LeMoine, Vice President of Business Development, of Wescorp Energy Inc. (OTCBB: WSCE),
“The oil and gas industry knows of the term “Peak oil” as production increases, the new term may be “Peak water” let me explain more, it is well known that as fresh water becomes more scarce with global population growth, increasing standards of living in developing countries, and rapid industrialization, and global oil and gas producing companies licensing and consuming a higher degree of fresh water, the reuse of “produced water” is becoming more attractive to the oil and gas industry. Wescorp’s oil water separations technologies H20 Maxx can be the complement to helping producers reuse recycle their produced water. Our technology provides the producers with hydrocarbon free water, this water can play a significant role in providing this renewable resource to increase oil production through injection, or further treatment for other purposes, for example direct discharge in off shore production, recycling frac fluids.”
Water Stocks Sector close- up trading, at close of August 20, 2009
American Water Works Company, Inc. (NYSE: AWK) trading at $20.07, up $ 0.21 (1.06%)
ITT Corporation (NYSE:ITT) closed at $49.51, up $ 0.08 (0.16%)
Middlesex Water Company (NasdaqGS: MSEX) closed at $49.51, up $ 0.08 (0.16%)
Nalco (NYSE:NLC) ended trading at $17.66, up $ 0.20 (1.15%)
Nephros Inc. (NEPH.OTCBB) closed down at $ 2.30, down $0.23 (9.09%), following a recent impressive run for water investors.
Northwest Pipe (NasdaqGS: NWPX) ended the day at $ 35.64, up $ 0.13 (0.37%)
Pentair, Inc. (NYSE: PNR) closed trading at$27.24, up $ 0.01 (0.04%)
Watts Water Technologies, Inc. (NYSE: WTS ) ended at $28.33, up $ 0.63 (2.27%)
Wescorp Energy Inc. (OTCBB: WSCE ) ended trading at $0.295, up 0.01 (3.51%)
PFW Water Fund (PFWAX) traded up at 23.41, up 0.30 (1.30%)
Investors can also Research more global water stocks at the water Stocks Directory:
http://www.investorideas.com/Water-Stocks/Stock_List.asp
Featured Water Stocks Showcase Company: Wescorp Energy Inc. (OTCBB: WSCE )
Wescorp Energy Inc. (OTCBB: WSCE) is an Oil and Gas solutions provider focused on deploying its water remediation and environmental technologies that overcome tough operational challenges facing oil and gas operators today on a global basis. Virtually anywhere in the world oil is produced contaminated water is produced, this includes associated formation water in conventional oil and gas production and potable water used in unconventional oil production such as the massive Oil Sands development in Alberta Canada.
Using conventional oil/water/solids separation technology, between 0.05% - 5% (500 ppm - 50,000 ppm) residual oil content remains in the water, Wescorp's patented, proven and highly scalable H2Omaxx microscopic aeration technology addresses this crisis by being able to increase the recovery of oil and reduce the amount of hydrocarbons in the contaminated water to less than 0.001% or 10 ppm. Wescorp's H2Omaxx is extremely economical and environmentally friendly eliminating the use of chemicals, filtration systems, high temperature systems and high pressure vessels.
Wescorp Energy Inc Showcase Profile Page: http://www.water-stocks.com/CO/WSCE/Default.asp
Wescorp Energy Inc Company Website: http://www.wescorpenergy.com/
www.Water-Stocks.com, a portal within the InvestorIdeas.com content umbrella, offers investors research tools, news, Blogs, online conferences, Podcasts , interviews and a directory of public companies within the water sector .The water-stocks content hub has created a global marketplace and meeting place for investors, public companies, industry buyers and sellers of water technology, services and water assets.
Listen to the Investing in Water Podcast to gain additional insight: http://www.investorideas.com/Podcasts/water.xml
Visit the Marketplace to research water opportunities for business and investors: water companies seeking funding and water investors seeking new investment opportunities
Sign up here: http://www.investorideas.com/marketplace/signup.asp
About InvestorIdeas.com:
Investorideas.com creates a meeting place for investing ideas to take form and come to life in an entrepreneurial environment, servicing the needs of small investors and start- up companies to large conglomerates! We cover multiple industry sectors but specialize in environmental and water.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured showcase companies (WSCE), news submissions and online advertising. Compensation Disclosure and disclaimers:
www.InvestorIdeas.com/About/Disclaimer.asp http://www.investorideas.com/About/News/Clientspecifics.asp
For More Information Contact:
Water-stocks.com
Dawn Van Zant 800-665-0411
Email: dvanzant@investorideas.com or cvanzant@investorideas.com
Web Site: www.InvestorIdeas.com www.water-stocks.com
Source: Water-Stocks.com, Investorideas.com
Visit the water stocks directory at Investorideas.com and Water-stocks.com
http://www.investorideas.com/Water-Stocks/Stock_List.asp
Showing posts with label water stocks - Nalco (NYSE:NLC ). Show all posts
Showing posts with label water stocks - Nalco (NYSE:NLC ). Show all posts
Friday, August 21, 2009
Thursday, August 20, 2009
NEW GLOBAL PUBLIC OPINION SURVEY FINDS WATER ISSUES ARE THE TOP ENVIRONMENTAL CONCERN WORLDWIDE
NEW GLOBAL PUBLIC OPINION SURVEY FINDS WATER ISSUES ARE THE TOP ENVIRONMENTAL CONCERN WORLDWIDE
Water pollution and shortage of fresh water emerge as most important water-related issues
STOCKHOLM (August 18, 2009) – A comprehensive global public opinion survey on attitudes about fresh water sustainability, management and conservation finds that people around the world view water issues as the planet’s top environmental problem, greater than air pollution, depletion of natural resources, loss of habitat and climate change.
The poll surveyed 1,000 people in each of 15 countries, and probed 500 in each of the following countries on specific questions: Canada, China, India, Mexico, Russia, the United Kingdom and the United States. The results were released today in Stockholm as part of World Water Week. The independent survey was commissioned by Circle of Blue, the Michigan-based international network of leading journalists, scientists and communicators focused on global water issues. Molson Coors Brewing Company (NYSE: TAP) supported the research, which was conducted by GlobeScan, a global survey research firm.
A close look at the results shows that people around the world view water pollution as the most important facet of the fresh water crisis, and that shortages of fresh water are very close behind. Across the 15 countries surveyed:
• 93 percent say water pollution is a very serious (72 percent) or somewhat serious (21 percent) problem.• 91 percent believe that a shortage of fresh water is a very serious (71 percent) or somewhat serious (20 percent) problem.Across the seven focus countries:• Government is considered among the most responsible for ensuring clean water.• 78 percent say “solving drinking water problems will require significant help from companies,” indicating that partnerships are an important component to resolving the world’s fresh water sustainability challenges.• 76 percent say “I need more information to be able to do more to protect water.”While people around the world agree on the importance of the issue, some key differences between the countries surveyed support the idea that solutions will have to be carefully tailored to local conditions:• Across the seven countries surveyed, people in Mexico are the most concerned about “lack of water for agriculture” (75 percent are very concerned). People in India are most concerned about “the high cost of water” (60 percent) compared to other countries.
• People in Mexico express the most urgency about the severity of the pollution and water scarcity issues they face, but also the most optimism about their ability to solve the problems.
• In all countries, more than half of those surveyed agree that government is responsible for ensuring clean water. When asked whether individual citizens are responsible, however, responses vary widely by country, from a high of 76 percent in Mexico to a low of 30 percent in China.
"This research shows that across the globe, concerns about water are reaching a critical level of public consciousness,” said J. Carl Ganter, Circle of Blue co-founder and director. "People think water is the most important environmental concern, in many cases more pressing than climatechange. It's the axis issue that intersects the world's greatest challenges, from health, poverty and security to climate, immigration and environment, even financial and commodities markets."
“We’re very proud to sponsor this important research providing the first substantive global benchmark for civic engagement on fresh water issues,” said Peter Swinburn, CEO of Molson Coors. “As a brewer, Molson Coors has always been aware of the importance of water. We will continue to be an active guardian of the watersheds within our local communities and an enthusiastic participant in the global conversation.”
Chris Coulter, vice president of GlobeScan said, “This research confirms the general public’s awareness and understanding of water as a critical resource, as well as the importance of conserving and protecting fresh water supplies through stewardship. From locale to locale, the angles of most concern may vary, but the concern about water issues is pressing, virtually everywhere.”
More than five million people die each year due to a lack of safe drinking water, and the United Nations estimates that 5.5 billion people will lack adequate access to fresh water in the next 20 years. Water scarcity and threats to water quality have emerged as serious threats to people and businesses around the world.
ResourcesFull survey results, including photos, interactive maps, and detail for each of the seven featured countries, is available at http://www.circleofblue.org/waterviews. Daily reports on the world’s water issues are available at Circle of Blue WaterNews.
Molson Coors’ online press kit on the survey results is available at www.molsoncoors.com/newsroom. For more information about Molson Coors and its global responsibility strategy, visit http://www.molsoncoors.com/responsibility. The more we listen, the more we learn. Tell us if you think we have our priorities right, and let us know where you think we can do better. Please give us your feedback.
About Circle of BlueCircle of Blue is the international nonprofit network of leading journalists, scientists and communications design experts that reports and presents the information necessary to respond to the global fresh water crisis. It is an affiliate of the internationally recognized water, climate and policy think tank, the Pacific Institute. Circle of Blue publishes WaterNews, the daily go-to source for global water news and data. It is also the co-founder of the global initiative, Designing Water’s Future, a partnership with Collins: Transformative Design, AIGA and INDEX. Circle of Blue practices non-advocacy journalism and science, striving to report issues to the highest standards of journalistic and scientific ethics. For more information, visit the Circle of Blue Web site, www.circleofblue.orgAbout GlobescanGlobeScan Incorporated is a global survey research firm providing strategic advice to companies, multilateral institutions, governments and NGOs, on reputation, sustainability, and corporate responsibility. GlobeScan is a world leader in conducting comprehensive survey research in all regions of the world amongst general publics and stakeholders. www.GlobeScan.comAbout Molson Coors Brewing CompanyMolson Coors Brewing Company is one of the world’s largest brewers. It brews, markets and sells a portfolio of leading premium quality brands such as Coors Light, Molson Canadian, Molson Dry, Carling, Coors, and Keystone Light in the U.S., Canada, the UK and more than 30 countries in North America, Europe and Asia. In the U.S., Molson Coors shares ownership in the market’s second-largest brewing company, MillerCoors, through a joint venture. For more information, visit the company’s Web site, www.molsoncoors.com.Media Contacts:Circle of BlueJ. Carl Ganter+1 231-649-3210 x110media@circleofblue.orgGlobescanOliver Martindirect line: +1 416-969-3073 mobile: +1 416-721-3544oliver.martin@globescan.comMolson CoorsColin Wheeler+1 303-927-2443colin.wheeler@molsoncoors.com
Published at www.investorideas.com and www.water-stocks.com, a global investor water portal at Investorideas.com To research water stocks- visit the global water stocks directory Visit our Showcase water stock
Water pollution and shortage of fresh water emerge as most important water-related issues
STOCKHOLM (August 18, 2009) – A comprehensive global public opinion survey on attitudes about fresh water sustainability, management and conservation finds that people around the world view water issues as the planet’s top environmental problem, greater than air pollution, depletion of natural resources, loss of habitat and climate change.
The poll surveyed 1,000 people in each of 15 countries, and probed 500 in each of the following countries on specific questions: Canada, China, India, Mexico, Russia, the United Kingdom and the United States. The results were released today in Stockholm as part of World Water Week. The independent survey was commissioned by Circle of Blue, the Michigan-based international network of leading journalists, scientists and communicators focused on global water issues. Molson Coors Brewing Company (NYSE: TAP) supported the research, which was conducted by GlobeScan, a global survey research firm.
A close look at the results shows that people around the world view water pollution as the most important facet of the fresh water crisis, and that shortages of fresh water are very close behind. Across the 15 countries surveyed:
• 93 percent say water pollution is a very serious (72 percent) or somewhat serious (21 percent) problem.• 91 percent believe that a shortage of fresh water is a very serious (71 percent) or somewhat serious (20 percent) problem.Across the seven focus countries:• Government is considered among the most responsible for ensuring clean water.• 78 percent say “solving drinking water problems will require significant help from companies,” indicating that partnerships are an important component to resolving the world’s fresh water sustainability challenges.• 76 percent say “I need more information to be able to do more to protect water.”While people around the world agree on the importance of the issue, some key differences between the countries surveyed support the idea that solutions will have to be carefully tailored to local conditions:• Across the seven countries surveyed, people in Mexico are the most concerned about “lack of water for agriculture” (75 percent are very concerned). People in India are most concerned about “the high cost of water” (60 percent) compared to other countries.
• People in Mexico express the most urgency about the severity of the pollution and water scarcity issues they face, but also the most optimism about their ability to solve the problems.
• In all countries, more than half of those surveyed agree that government is responsible for ensuring clean water. When asked whether individual citizens are responsible, however, responses vary widely by country, from a high of 76 percent in Mexico to a low of 30 percent in China.
"This research shows that across the globe, concerns about water are reaching a critical level of public consciousness,” said J. Carl Ganter, Circle of Blue co-founder and director. "People think water is the most important environmental concern, in many cases more pressing than climatechange. It's the axis issue that intersects the world's greatest challenges, from health, poverty and security to climate, immigration and environment, even financial and commodities markets."
“We’re very proud to sponsor this important research providing the first substantive global benchmark for civic engagement on fresh water issues,” said Peter Swinburn, CEO of Molson Coors. “As a brewer, Molson Coors has always been aware of the importance of water. We will continue to be an active guardian of the watersheds within our local communities and an enthusiastic participant in the global conversation.”
Chris Coulter, vice president of GlobeScan said, “This research confirms the general public’s awareness and understanding of water as a critical resource, as well as the importance of conserving and protecting fresh water supplies through stewardship. From locale to locale, the angles of most concern may vary, but the concern about water issues is pressing, virtually everywhere.”
More than five million people die each year due to a lack of safe drinking water, and the United Nations estimates that 5.5 billion people will lack adequate access to fresh water in the next 20 years. Water scarcity and threats to water quality have emerged as serious threats to people and businesses around the world.
ResourcesFull survey results, including photos, interactive maps, and detail for each of the seven featured countries, is available at http://www.circleofblue.org/waterviews. Daily reports on the world’s water issues are available at Circle of Blue WaterNews.
Molson Coors’ online press kit on the survey results is available at www.molsoncoors.com/newsroom. For more information about Molson Coors and its global responsibility strategy, visit http://www.molsoncoors.com/responsibility. The more we listen, the more we learn. Tell us if you think we have our priorities right, and let us know where you think we can do better. Please give us your feedback.
About Circle of BlueCircle of Blue is the international nonprofit network of leading journalists, scientists and communications design experts that reports and presents the information necessary to respond to the global fresh water crisis. It is an affiliate of the internationally recognized water, climate and policy think tank, the Pacific Institute. Circle of Blue publishes WaterNews, the daily go-to source for global water news and data. It is also the co-founder of the global initiative, Designing Water’s Future, a partnership with Collins: Transformative Design, AIGA and INDEX. Circle of Blue practices non-advocacy journalism and science, striving to report issues to the highest standards of journalistic and scientific ethics. For more information, visit the Circle of Blue Web site, www.circleofblue.orgAbout GlobescanGlobeScan Incorporated is a global survey research firm providing strategic advice to companies, multilateral institutions, governments and NGOs, on reputation, sustainability, and corporate responsibility. GlobeScan is a world leader in conducting comprehensive survey research in all regions of the world amongst general publics and stakeholders. www.GlobeScan.comAbout Molson Coors Brewing CompanyMolson Coors Brewing Company is one of the world’s largest brewers. It brews, markets and sells a portfolio of leading premium quality brands such as Coors Light, Molson Canadian, Molson Dry, Carling, Coors, and Keystone Light in the U.S., Canada, the UK and more than 30 countries in North America, Europe and Asia. In the U.S., Molson Coors shares ownership in the market’s second-largest brewing company, MillerCoors, through a joint venture. For more information, visit the company’s Web site, www.molsoncoors.com.Media Contacts:Circle of BlueJ. Carl Ganter+1 231-649-3210 x110media@circleofblue.orgGlobescanOliver Martindirect line: +1 416-969-3073 mobile: +1 416-721-3544oliver.martin@globescan.comMolson CoorsColin Wheeler+1 303-927-2443colin.wheeler@molsoncoors.com
Published at www.investorideas.com and www.water-stocks.com, a global investor water portal at Investorideas.com To research water stocks- visit the global water stocks directory Visit our Showcase water stock
Wednesday, June 3, 2009
Northwest Pipe (NASDAQ: NWPX) Company Announces $14 Million in Projects
Northwest Pipe (NASDAQ: NWPX) Company Announces $14 Million in Projects
VANCOUVER, WA- June 3, 2009 - Northwest Pipe Company (NASDAQ: NWPX) is pleased to announce that we have been selected as the pipe supplier for two major water pipeline projects. These two projects have a total contract value of $14 million.
The first contract is with Ames Construction of West Valley City, UT. Northwest Pipe will supply approximately 10,000 feet of 96" pipe for the Utah Lake/Spanish Fork Reach 3 project. The pipe will be manufactured at the Adelanto, CA facility with delivery scheduled to begin late in the third quarter of this year.
The second contract is with SJ Louis Construction of Mansfield, TX. Northwest Pipe will supply approximately 20,000 feet of 60" pipe for the Utah Lake/South Fork to Provo Canal/Mapleton Reach project. The pipe will be manufactured at the Saginaw, TX facility with delivery to begin early in the third quarter.
Both of these projects are part of the Central Utah Project Completion Act (CUPCA) enacted in 1992. It removed responsibility for completing the Central Utah Project (CUP), a federal water project, from the US Bureau of Reclamation. CUPCA then distributed responsibility for the project to the local water district -- the Utah Water Conservancy District. CUP is the largest water resources development program ever undertaken in the State. Water developed by the Central Utah Project will be used for municipal, industrial, irrigation, hydroelectric power, fish, wildlife, conservation and recreation. The project will improve flood control capability and assist in water quality control. These orders are for a continuation of a pipeline from the Strawberry Reservoir to the Provo Canal.
Northwest Pipe Company manufactures welded steel pipe and other products in two business groups. Its Water Transmission Group is the leading supplier of large diameter, high-pressure steel pipe products that are used primarily for water infrastructure in North America. Its Tubular Products Group manufactures smaller diameter steel pipe for a wide range of applications including construction, agricultural, energy, traffic and other commercial and industrial uses. The Company is headquartered in Vancouver, Washington and has ten manufacturing facilities across the United States and Mexico.
This release contains forward-looking statements, including statements regarding the project described above. These statements reflect management's current information about the project mentioned above and management's current views and estimates of market circumstances, industry conditions and Company performance. Actual results could vary materially from the description contained herein due to many factors including market demand, operating efficiencies, availability and price of raw materials, and other risks described from time to time in the Company's reports to the Securities and Exchange Commission.
Visit the water stocks directory at Investorideas.com and Water-stocks.com
http://www.investorideas.com/Water-Stocks/Stock_List.asp
Tuesday, May 26, 2009
Wescorp Energy (OTCBB: WSCE) Ships First H2Omaxx Water Remediation Unit for Operations in Kansas, USA
Wescorp Energy Ships First H2Omaxx Water Remediation Unit for Operations in Kansas, USA
HOUSTON, TEXAS AND CALGARY, ALBERTA -- May 26, 2009 -- Wescorp Energy Inc. (OTC BB: WSCE.OB), an oil and gas technology solutions provider, is pleased to announce that a 2,000 barrel per day H2Omaxx water remediation unit has been shipped to Kansas to begin full operations for an oil and gas producer. H2Omaxx is a commercially proven, safe, effective and economical process for cleaning and separating oil and solids from produced water using patented technology. Test results on the H2Omaxx unit have been shown to reduce the oil content in produced water to less than 0.001% or 10 parts per million oil allowing oil and gas operators to reduce, reuse, and recycle water.
In July 2008, Wescorp signed a master lease agreement with a private oil and gas company with operations in Texas, Kansas and Wyoming, to construct, deploy and operate, at the election of the customer, up to 256 H2Omaxx water remediation units over a 60 month period. This will be the first unit shipped under the master lease agreement.
"The deployment of the first H2Omaxx unit is a great step forward for Wescorp Energy," commented Mark Norris, Chairman of Wescorp. "By strategically placing the first unit in a deemed water crisis area in Kansas, it proves our confidence in the H2Omaxx technology and its ability to help our customers and the environment."
"We are excited to showcase our H2Omaxx technology in Kansas. Our customer has agreed to allow other oil and gas operators, government officials and potential investors to visit the site and view its operations. They have also agreed to share their internal data that proves through the use of the H2Omaxx units, well productivity is enhanced and production costs are significantly reduced," commented Doug Biles, President and CEO of Wescorp Energy. "We are confident that Wescorp's water technology will offer significant benefits to our client by improving the recovery of residual hydrocarbons entrained in produced water."
Wescorp and Weatherford are continuing to work towards finalizing our long-term global distribution license agreement.
About Wescorp
Wescorp Energy Inc. (http://www.wescorpenergy.com/) is an oil and gas operations solutions company focused on commercializing technologies that overcome tough operations challenges facing oil and gas operators today. Wescorp combines its intellectual capital, oil and gas industry experience, best practices methodologies and its market offerings to deliver these solutions in a timely, economic and environmentally friendly manner.
Wescorp shares currently trade on the NASD.OTC Bulletin Board under the symbol "WSCE".
Safe Harbor Statement
Any statements contained herein that are not historical facts are forward-looking statements, and involve risks and uncertainties. Potential factors could cause actual results to differ materially from those expressed or implied by such statements. Information on the potential factors that could affect the Company's actual results of operations is included in its filings with the Securities and Exchange Commission. These risks may be further discussed in periodic reports and registration statements to be filed by the Company from time to time with the Securities and Exchange Commission in the future.
Contact:
Wescorp Energy Inc.
Mark Komonoski
(403) 255-8483 or Toll Free: 1-877-255-8483
Mobile: (403) 470-8384
Email: mailto:mk.tem@shaw.ca
Website: http://www.wescorpenergy.com/
Source: Wescorp Energy Inc.
Wescorp Energy Inc (OTCBB:WSCE) is a featured Company on Investorideas.com, Water-stocks.com, Environmentstocks.com and Oilandgasstocknews.com
For more info on WSCE visit the Company Showcase: Click Here
Disclaimer and Disclosure: /About/Disclaimer.asp
Investorideas.com Membership - Research more Water Stocks and Green stocks
With markets and investor sentiment changing daily- it is more important than ever to stay on top of key trends! Gain Exclusive Insight on Leading Sectors, Global Trends, and Insider Trading Ideas, News, Articles and Investor Ideas Members only Renewable Energy and Water Stock Directories. Learn more: - /membership/
Visit the water stocks directory at Investorideas.com and Water-stocks.com
http://www.investorideas.com/Water-Stocks/Stock_List.asp
HOUSTON, TEXAS AND CALGARY, ALBERTA -- May 26, 2009 -- Wescorp Energy Inc. (OTC BB: WSCE.OB), an oil and gas technology solutions provider, is pleased to announce that a 2,000 barrel per day H2Omaxx water remediation unit has been shipped to Kansas to begin full operations for an oil and gas producer. H2Omaxx is a commercially proven, safe, effective and economical process for cleaning and separating oil and solids from produced water using patented technology. Test results on the H2Omaxx unit have been shown to reduce the oil content in produced water to less than 0.001% or 10 parts per million oil allowing oil and gas operators to reduce, reuse, and recycle water.
In July 2008, Wescorp signed a master lease agreement with a private oil and gas company with operations in Texas, Kansas and Wyoming, to construct, deploy and operate, at the election of the customer, up to 256 H2Omaxx water remediation units over a 60 month period. This will be the first unit shipped under the master lease agreement.
"The deployment of the first H2Omaxx unit is a great step forward for Wescorp Energy," commented Mark Norris, Chairman of Wescorp. "By strategically placing the first unit in a deemed water crisis area in Kansas, it proves our confidence in the H2Omaxx technology and its ability to help our customers and the environment."
"We are excited to showcase our H2Omaxx technology in Kansas. Our customer has agreed to allow other oil and gas operators, government officials and potential investors to visit the site and view its operations. They have also agreed to share their internal data that proves through the use of the H2Omaxx units, well productivity is enhanced and production costs are significantly reduced," commented Doug Biles, President and CEO of Wescorp Energy. "We are confident that Wescorp's water technology will offer significant benefits to our client by improving the recovery of residual hydrocarbons entrained in produced water."
Wescorp and Weatherford are continuing to work towards finalizing our long-term global distribution license agreement.
About Wescorp
Wescorp Energy Inc. (http://www.wescorpenergy.com/) is an oil and gas operations solutions company focused on commercializing technologies that overcome tough operations challenges facing oil and gas operators today. Wescorp combines its intellectual capital, oil and gas industry experience, best practices methodologies and its market offerings to deliver these solutions in a timely, economic and environmentally friendly manner.
Wescorp shares currently trade on the NASD.OTC Bulletin Board under the symbol "WSCE".
Safe Harbor Statement
Any statements contained herein that are not historical facts are forward-looking statements, and involve risks and uncertainties. Potential factors could cause actual results to differ materially from those expressed or implied by such statements. Information on the potential factors that could affect the Company's actual results of operations is included in its filings with the Securities and Exchange Commission. These risks may be further discussed in periodic reports and registration statements to be filed by the Company from time to time with the Securities and Exchange Commission in the future.
Contact:
Wescorp Energy Inc.
Mark Komonoski
(403) 255-8483 or Toll Free: 1-877-255-8483
Mobile: (403) 470-8384
Email: mailto:mk.tem@shaw.ca
Website: http://www.wescorpenergy.com/
Source: Wescorp Energy Inc.
Wescorp Energy Inc (OTCBB:WSCE) is a featured Company on Investorideas.com, Water-stocks.com, Environmentstocks.com and Oilandgasstocknews.com
For more info on WSCE visit the Company Showcase: Click Here
Disclaimer and Disclosure: /About/Disclaimer.asp
Investorideas.com Membership - Research more Water Stocks and Green stocks
With markets and investor sentiment changing daily- it is more important than ever to stay on top of key trends! Gain Exclusive Insight on Leading Sectors, Global Trends, and Insider Trading Ideas, News, Articles and Investor Ideas Members only Renewable Energy and Water Stock Directories. Learn more: - /membership/
Visit the water stocks directory at Investorideas.com and Water-stocks.com
http://www.investorideas.com/Water-Stocks/Stock_List.asp
Wednesday, April 29, 2009
Water Stocks Sector Close –Up, Water Stocks Ride the Wave of Market Strength, Nalco (NYSE:NLC) up on Earnings News
Water Stocks Sector Close –Up, Water Stocks Ride the Wave of Market Strength, Nalco (NYSE:NLC) up on Earnings News
POINT ROBERTS, WA and DELTA, BC –April 29, 2009 www.Water-Stocks.com, an investor and industry portal for the water sector within Investorideas.com, presents a sector close-up on water stocks trading April 29, 2009.
Nalco (NYSE:NLC) was up on earnings news released yesterday afternoon. According to Nalco’s press release, “Even with difficult economic pressures and negative currency impacts, Nalco (NYSE:NLC - News) delivered solid first quarter revenue, earnings, and free cash flow, aided by strong cost controls.
Organic sales dipped just 3.6 percent as part of a nominal sales decline to $868 million from prior-year first quarter sales of $1 billion. Currency translation effects reduced reported sales by 8.3 percent, with divestitures accounting for the remaining 1.2 percent decline.
The stronger U.S. dollar had a similarly negative impact on earnings. Earnings per share were 17 cents in the first quarter, on net income of $23 million, compared to 20 cents in the first quarter of 2008. Organic net income increased 18 percent.”
Full Release: http://www.investorideas.com/News/042909b.asp
Sector close- up trading April 29, 2009
American Water Works Company, Inc. (NYSE: AWK) trading at $18.47, up $ 0.25 (1.37%) 1:57pm ET
ITT Corporation (NYSE:ITT) trading at $ 42.03, up $1.54 (3.80%) 1:54pm ET
Middlesex Water Company (NasdaqGS: MSEX) trading at $14.17, up $ 0.23 (1.65%) 11:39am ET
Nalco (NYSE:NLC) trading at $15.81, up $1.24 (8.51%) 2:00pm ET
Northwest Pipe (NasdaqGS: NWPX) trading at $38.14, up $0.97 (2.61%) 1:46pm ET
Pentair, Inc. (NYSE: PNR) trading at $26.68, up $0.91 (3.53%) 2:01pm ET
Watts Water Technologies, Inc. (NYSE: WTS ) trading at $22.79, up 0.02 (0.09%) 2:02pm ET
Wescorp Energy Inc. (OTCBB: WSCE ) trading at $0.2950, down 0.0150 (4.84%)
PFW Water Fund (PFWAX) trading up .14%
Research more global water stocks at the water Stocks Directory:
http://www.investorideas.com/Water-Stocks/Stock_List.asp
Featured Water Stocks Showcase Company: Wescorp Energy Inc. (OTCBB: WSCE )
Wescorp Energy Inc. (OTCBB: WSCE) is an Oil and Gas solutions provider focused on deploying its water remediation and environmental technologies that overcome tough operational challenges facing oil and gas operators today on a global basis. Virtually anywhere in the world oil is produced contaminated water is produced, this includes associated formation water in conventional oil and gas production and potable water used in unconventional oil production such as the massive Oil Sands development in Alberta Canada.
Using conventional oil/water/solids separation technology, between 0.05% - 5% (500 ppm - 50,000 ppm) residual oil content remains in the water, Wescorp's patented, proven and highly scalable H2Omaxx microscopic aeration technology addresses this crisis by being able to increase the recovery of oil and reduce the amount of hydrocarbons in the contaminated water to less than 0.001% or 10 ppm. Wescorp's H2Omaxx is extremely economical and environmentally friendly eliminating the use of chemicals, filtration systems, high temperature systems and high pressure vessels.
Wescorp Energy Inc Showcase Profile Page: http://www.water-stocks.com/CO/WSCE/Default.asp
Wescorp Energy Inc Company Website: http://www.wescorpenergy.com/
www.Water-Stocks.com, a portal within the InvestorIdeas.com content umbrella, offers investors research tools, news, Blogs, online conferences, Podcasts , interviews and a directory of public companies within the water sector .The water-stocks content hub has created a global marketplace and meeting place for investors, public companies, industry buyers and sellers of water technology, services and water assets.
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Investorideas.com creates a meeting place for investing ideas to take form and come to life in an entrepreneurial environment, servicing the needs of small investors and start- up companies to large conglomerates! We cover multiple industry sectors but specialize in environmental and water.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured showcase companies (WSCE), news submissions and online advertising. Compensation Disclosure and disclaimers:
www.InvestorIdeas.com/About/Disclaimer.asp http://www.investorideas.com/About/News/Clientspecifics.asp
For More Information Contact:
Water-stocks.com
Dawn Van Zant 800-665-0411
Email: dvanzant@investorideas.com
Web Site: www.InvestorIdeas.com www.water-stocks.com
Source: Water-Stocks.com, Investorideas.com
Visit the water stocks directory at Investorideas.com and Water-stocks.com
http://www.investorideas.com/Water-Stocks/Stock_List.asp
POINT ROBERTS, WA and DELTA, BC –April 29, 2009 www.Water-Stocks.com, an investor and industry portal for the water sector within Investorideas.com, presents a sector close-up on water stocks trading April 29, 2009.
Nalco (NYSE:NLC) was up on earnings news released yesterday afternoon. According to Nalco’s press release, “Even with difficult economic pressures and negative currency impacts, Nalco (NYSE:NLC - News) delivered solid first quarter revenue, earnings, and free cash flow, aided by strong cost controls.
Organic sales dipped just 3.6 percent as part of a nominal sales decline to $868 million from prior-year first quarter sales of $1 billion. Currency translation effects reduced reported sales by 8.3 percent, with divestitures accounting for the remaining 1.2 percent decline.
The stronger U.S. dollar had a similarly negative impact on earnings. Earnings per share were 17 cents in the first quarter, on net income of $23 million, compared to 20 cents in the first quarter of 2008. Organic net income increased 18 percent.”
Full Release: http://www.investorideas.com/News/042909b.asp
Sector close- up trading April 29, 2009
American Water Works Company, Inc. (NYSE: AWK) trading at $18.47, up $ 0.25 (1.37%) 1:57pm ET
ITT Corporation (NYSE:ITT) trading at $ 42.03, up $1.54 (3.80%) 1:54pm ET
Middlesex Water Company (NasdaqGS: MSEX) trading at $14.17, up $ 0.23 (1.65%) 11:39am ET
Nalco (NYSE:NLC) trading at $15.81, up $1.24 (8.51%) 2:00pm ET
Northwest Pipe (NasdaqGS: NWPX) trading at $38.14, up $0.97 (2.61%) 1:46pm ET
Pentair, Inc. (NYSE: PNR) trading at $26.68, up $0.91 (3.53%) 2:01pm ET
Watts Water Technologies, Inc. (NYSE: WTS ) trading at $22.79, up 0.02 (0.09%) 2:02pm ET
Wescorp Energy Inc. (OTCBB: WSCE ) trading at $0.2950, down 0.0150 (4.84%)
PFW Water Fund (PFWAX) trading up .14%
Research more global water stocks at the water Stocks Directory:
http://www.investorideas.com/Water-Stocks/Stock_List.asp
Featured Water Stocks Showcase Company: Wescorp Energy Inc. (OTCBB: WSCE )
Wescorp Energy Inc. (OTCBB: WSCE) is an Oil and Gas solutions provider focused on deploying its water remediation and environmental technologies that overcome tough operational challenges facing oil and gas operators today on a global basis. Virtually anywhere in the world oil is produced contaminated water is produced, this includes associated formation water in conventional oil and gas production and potable water used in unconventional oil production such as the massive Oil Sands development in Alberta Canada.
Using conventional oil/water/solids separation technology, between 0.05% - 5% (500 ppm - 50,000 ppm) residual oil content remains in the water, Wescorp's patented, proven and highly scalable H2Omaxx microscopic aeration technology addresses this crisis by being able to increase the recovery of oil and reduce the amount of hydrocarbons in the contaminated water to less than 0.001% or 10 ppm. Wescorp's H2Omaxx is extremely economical and environmentally friendly eliminating the use of chemicals, filtration systems, high temperature systems and high pressure vessels.
Wescorp Energy Inc Showcase Profile Page: http://www.water-stocks.com/CO/WSCE/Default.asp
Wescorp Energy Inc Company Website: http://www.wescorpenergy.com/
www.Water-Stocks.com, a portal within the InvestorIdeas.com content umbrella, offers investors research tools, news, Blogs, online conferences, Podcasts , interviews and a directory of public companies within the water sector .The water-stocks content hub has created a global marketplace and meeting place for investors, public companies, industry buyers and sellers of water technology, services and water assets.
Investing in Water Podcast RSS Feed: http://www.investorideas.com/Podcasts/water.xml
Submit water stock news: click here
Marketplace water opportunities for business and investors:
Sign up here: http://www.investorideas.com/marketplace/signup.asp
About InvestorIdeas.com:
Investorideas.com creates a meeting place for investing ideas to take form and come to life in an entrepreneurial environment, servicing the needs of small investors and start- up companies to large conglomerates! We cover multiple industry sectors but specialize in environmental and water.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured showcase companies (WSCE), news submissions and online advertising. Compensation Disclosure and disclaimers:
www.InvestorIdeas.com/About/Disclaimer.asp http://www.investorideas.com/About/News/Clientspecifics.asp
For More Information Contact:
Water-stocks.com
Dawn Van Zant 800-665-0411
Email: dvanzant@investorideas.com
Web Site: www.InvestorIdeas.com www.water-stocks.com
Source: Water-Stocks.com, Investorideas.com
Visit the water stocks directory at Investorideas.com and Water-stocks.com
http://www.investorideas.com/Water-Stocks/Stock_List.asp
Water Stocks News - Nalco (NYSE:NLC ) Delivers Solid First Quarter Earnings and Strong Cash, Despite Economy, Forex
Water Stocks News - Nalco (NYSE:NLC ) Delivers Solid First Quarter Earnings and Strong Cash, Despite Economy, Forex
NAPERVILLE, Ill., April 28, 2009 -- Even with difficult economic pressures and negative currency impacts, Nalco (NYSE:NLC ) delivered solid first quarter revenue, earnings, and free cash flow, aided by strong cost controls.
Organic sales dipped just 3.6 percent as part of a nominal sales decline to $868 million from prior-year first quarter sales of $1 billion. Currency translation effects reduced reported sales by 8.3 percent, with divestitures accounting for the remaining 1.2 percent decline.
The stronger U.S. dollar had a similarly negative impact on earnings. Earnings per share were 17 cents in the first quarter, on net income of $23 million, compared to 20 cents in the first quarter of 2008. Organic net income increased 18 percent.
EBITDA margins held flat as EBITDA declined 2.6 percent organically from the $156 million earned in the prior year quarter. Currency further reduced nominal first quarter 2009 EBITDA to $136 million. Earnings reflect $18 million in unfavorable volume variances in our plants, reflecting both the organic sales decline and production curtailments to reduce inventory levels.
Free Cash Flow for the period, $146 million, rose significantly from year-ago first quarter results of $43 million, benefitting from programs to reduce receivables and inventory. Results were ahead of full year 2008 Free Cash Flow of $142 million.
Sales were again led by Energy Services, which delivered 4.9 percent organic growth consisting of 10 percent improvement in oil field services, modest gains with Downstream customers and a decline in the Adomite well-service business that was less steep than rig count declines. Direct contribution of $80 million was just under the prior year quarter's $82 million, as currency impacts offset operational gains. Margins ended flat to last year.
Water Services growth in Latin America was more than offset by declines in North America, Asia and Europe, leading to an overall organic sales decrease of 4.5 percent. Manufacturing and mining sales were among the hardest hit sectors in Water Services, although plant closings hurt sales in several other markets as well. Growth efforts will be supported the remainder of the year by the mid-March introduction of 3D TRASAR(r) Boiler Technology, which drives energy, water, maintenance and other savings for customers. The Nalco Mobotec air protection technologies business led first quarter growth efforts in the segment, expanding 44 percent. The business is expected to continue to grow even while facing delays in some projects as air pollution control rules are adjusted in the United States. Water Services direct contribution of $70 million was down $18 million from the comparable 2008 period on lower sales, currency, and divestiture of the Finishing Technologies business. Direct contribution margins declined 0.7 percentage points.
A steep decline in paper end markets led to decreased Paper Services segment sales. Organic sales fell 16.9 percent, including a 25.7 percent decline in the hard-hit European paper market. Latin America, however, grew 6.8 percent even in tough market conditions. Direct contribution also was lower by $12 million to a total of $23 million on reduced sales and a 2.5 percentage point margin decline from the prior year. However, direct contribution margins improved sequentially from the fourth quarter of 2008, benefiting in part from recent restructuring activities.
Regionally, Latin America organic sales grew sharply across all segments, up 13.6 percent. Organic revenues dropped 3.2 percent in Asia, 3.6 percent in North America and 9.2 percent in Europe, Africa and the Middle East (EAME).
``Given what can only be described as extraordinarily challenging economic conditions, the business and our global team performed well. After a weak start to the year driven by extensive customer plant closures that reduced water treatment sales and production declines that hurt process-oriented revenues, we began seeing some improvement in Water Services end markets late in the quarter,'' said J. Erik Fyrwald, Chairman, President and Chief Executive Officer.
``Still, this likely will be a very challenging year and one with more volatility likely to come. We are pushing aggressively on productivity to help offset the impacts of weaker end markets. We generated very good progress on this front in the first quarter and remain on path -- at $27 million in the first quarter -- to exceed our $100 million savings commitment. Given that we had averaged $11 million in first quarter savings over the past three years, I am very pleased with these early results,'' Fyrwald added.
Working capital reductions were a key contributor to first quarter Free Cash Flow, and the Company expects to deliver further performance improvements into 2010. ``As we improve our demand planning and order-to-cash processes, we will be better positioned to manage inventory, receivable and accounts payable positions going forward,'' Fyrwald said.
In late March, Nalco acquired Crossbow Water, a regional high-purity water and water pre-treatment company. The Crossbow acquisition expands the range of pre-treatment technologies and services that Nalco sales engineers can offer to customers, initially focused on the U.S. Midwest. Crossbow generated 2008 sales of $14 million.
Conference Call/Webcast
Nalco will discuss first-quarter results in a conference call and audio-only Webcast to be held on Wednesday, April 29 at 10 a.m. ET. Information on the conference call and Webcast is available on our Web site at http://www.nalco.com/investors.
About Nalco
Nalco is the world's leading water treatment and process improvement company, delivering significant environmental, social and economic performance benefits to our customers. We help our customers reduce energy, water and other natural resource consumption, enhance air quality, minimize environmental releases and improve productivity and end products while boosting the bottom line. Together our comprehensive solutions contribute to the sustainable development of customer operations. Nalco is a member of the Dow Jones Sustainability World Index. More than 11,500 Nalco employees operate in 130 countries supported by a comprehensive network of manufacturing facilities, sales offices and research centers to serve a broad range of end markets. In 2008, Nalco achieved sales of more than $4.2 billion. For more information visit http://www.nalco.com/.
The Nalco Company logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=1135
Several non-GAAP measures are discussed in today's press release. Management believes that discussion of these measures provides investors with additional insight into the ongoing operations of Nalco Holding Company. Non-GAAP measures are reconciled to the closest GAAP measure in schedules attached to this press release, which may also be found at http://www.nalco.com/. EBITDA is a non-GAAP measure used in determining compliance with the Company's debt covenants. Reconciliation to net earnings is included in Attachment 5. Free Cash Flow is reconciled on Attachment 6 to Cash from Operations as shown on Nalco's Cash Flow Statement, and is defined as Cash from Operations less Capital Expenditures and Noncontrolling Interest charges. In addition, Nalco may discuss sales growth in terms of nominal (actual), organic (nominal less foreign currency and acquisition/divestiture/merger/joint venture/perimeter impacts), and real (organic growth less that portion of the growth which consists of price increases that simply pass along higher purchased material and freight costs). The non-GAAP measures should not be viewed as alternatives to GAAP measures of performance. Furthermore, these measures may not be consistent with similar measures provided by other companies.
This news release includes forward-looking statements, reflecting current analysis and expectations, based on what are believed to be reasonable assumptions. Forward-looking statements may involve known and unknown risks, uncertainties and other factors, which may cause the actual results to differ materially from those projected, stated or implied, depending on many factors, including, without limitation: ability to generate cash, ability to raise capital, ability to refinance, the result of the pursuit of strategic alternatives, ability to execute work process redesign and reduce costs, ability to execute price increases, business climate, business performance, economic and competitive uncertainties, higher manufacturing costs, reduced level of customer orders, changes in strategies, risks in developing new products and technologies, environmental and safety regulations and clean-up costs, foreign exchange rates, the impact of changes in the regulation or value of pension fund assets and liabilities, changes in generally accepted accounting principles, adverse legal and regulatory developments, including increases in the number or financial exposures of claims, lawsuits, settlements or judgments, or the inability to eliminate or reduce such financial exposures by collecting indemnity payments from insurers, the impact of increased accruals and reserves for such exposures, weather-related factors, and adverse changes in economic and political climates around the world, including terrorism and international hostilities, and other risk factors identified by the Company. Accordingly, there can be no assurance that the Company will meet future results, performance or achievements expressed or implied by such forward-looking statements. This paragraph is included to provide safe harbor for forward-looking statements, which are not generally required to be publicly revised as circumstances change, and which the Company does not intend to update.
Contact: Nalco Media Contact: Charlie Pajor 630 305 1556 cpajor@nalco.com Investor Contact: Mike Bushman 630 305 1025 mbushman@nalco.com
Visit the water stocks directory at Investorideas.com and Water-stocks.com
http://www.investorideas.com/Water-Stocks/Stock_List.asp
NAPERVILLE, Ill., April 28, 2009 -- Even with difficult economic pressures and negative currency impacts, Nalco (NYSE:NLC ) delivered solid first quarter revenue, earnings, and free cash flow, aided by strong cost controls.
Organic sales dipped just 3.6 percent as part of a nominal sales decline to $868 million from prior-year first quarter sales of $1 billion. Currency translation effects reduced reported sales by 8.3 percent, with divestitures accounting for the remaining 1.2 percent decline.
The stronger U.S. dollar had a similarly negative impact on earnings. Earnings per share were 17 cents in the first quarter, on net income of $23 million, compared to 20 cents in the first quarter of 2008. Organic net income increased 18 percent.
EBITDA margins held flat as EBITDA declined 2.6 percent organically from the $156 million earned in the prior year quarter. Currency further reduced nominal first quarter 2009 EBITDA to $136 million. Earnings reflect $18 million in unfavorable volume variances in our plants, reflecting both the organic sales decline and production curtailments to reduce inventory levels.
Free Cash Flow for the period, $146 million, rose significantly from year-ago first quarter results of $43 million, benefitting from programs to reduce receivables and inventory. Results were ahead of full year 2008 Free Cash Flow of $142 million.
Sales were again led by Energy Services, which delivered 4.9 percent organic growth consisting of 10 percent improvement in oil field services, modest gains with Downstream customers and a decline in the Adomite well-service business that was less steep than rig count declines. Direct contribution of $80 million was just under the prior year quarter's $82 million, as currency impacts offset operational gains. Margins ended flat to last year.
Water Services growth in Latin America was more than offset by declines in North America, Asia and Europe, leading to an overall organic sales decrease of 4.5 percent. Manufacturing and mining sales were among the hardest hit sectors in Water Services, although plant closings hurt sales in several other markets as well. Growth efforts will be supported the remainder of the year by the mid-March introduction of 3D TRASAR(r) Boiler Technology, which drives energy, water, maintenance and other savings for customers. The Nalco Mobotec air protection technologies business led first quarter growth efforts in the segment, expanding 44 percent. The business is expected to continue to grow even while facing delays in some projects as air pollution control rules are adjusted in the United States. Water Services direct contribution of $70 million was down $18 million from the comparable 2008 period on lower sales, currency, and divestiture of the Finishing Technologies business. Direct contribution margins declined 0.7 percentage points.
A steep decline in paper end markets led to decreased Paper Services segment sales. Organic sales fell 16.9 percent, including a 25.7 percent decline in the hard-hit European paper market. Latin America, however, grew 6.8 percent even in tough market conditions. Direct contribution also was lower by $12 million to a total of $23 million on reduced sales and a 2.5 percentage point margin decline from the prior year. However, direct contribution margins improved sequentially from the fourth quarter of 2008, benefiting in part from recent restructuring activities.
Regionally, Latin America organic sales grew sharply across all segments, up 13.6 percent. Organic revenues dropped 3.2 percent in Asia, 3.6 percent in North America and 9.2 percent in Europe, Africa and the Middle East (EAME).
``Given what can only be described as extraordinarily challenging economic conditions, the business and our global team performed well. After a weak start to the year driven by extensive customer plant closures that reduced water treatment sales and production declines that hurt process-oriented revenues, we began seeing some improvement in Water Services end markets late in the quarter,'' said J. Erik Fyrwald, Chairman, President and Chief Executive Officer.
``Still, this likely will be a very challenging year and one with more volatility likely to come. We are pushing aggressively on productivity to help offset the impacts of weaker end markets. We generated very good progress on this front in the first quarter and remain on path -- at $27 million in the first quarter -- to exceed our $100 million savings commitment. Given that we had averaged $11 million in first quarter savings over the past three years, I am very pleased with these early results,'' Fyrwald added.
Working capital reductions were a key contributor to first quarter Free Cash Flow, and the Company expects to deliver further performance improvements into 2010. ``As we improve our demand planning and order-to-cash processes, we will be better positioned to manage inventory, receivable and accounts payable positions going forward,'' Fyrwald said.
In late March, Nalco acquired Crossbow Water, a regional high-purity water and water pre-treatment company. The Crossbow acquisition expands the range of pre-treatment technologies and services that Nalco sales engineers can offer to customers, initially focused on the U.S. Midwest. Crossbow generated 2008 sales of $14 million.
Conference Call/Webcast
Nalco will discuss first-quarter results in a conference call and audio-only Webcast to be held on Wednesday, April 29 at 10 a.m. ET. Information on the conference call and Webcast is available on our Web site at http://www.nalco.com/investors.
About Nalco
Nalco is the world's leading water treatment and process improvement company, delivering significant environmental, social and economic performance benefits to our customers. We help our customers reduce energy, water and other natural resource consumption, enhance air quality, minimize environmental releases and improve productivity and end products while boosting the bottom line. Together our comprehensive solutions contribute to the sustainable development of customer operations. Nalco is a member of the Dow Jones Sustainability World Index. More than 11,500 Nalco employees operate in 130 countries supported by a comprehensive network of manufacturing facilities, sales offices and research centers to serve a broad range of end markets. In 2008, Nalco achieved sales of more than $4.2 billion. For more information visit http://www.nalco.com/.
The Nalco Company logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=1135
Several non-GAAP measures are discussed in today's press release. Management believes that discussion of these measures provides investors with additional insight into the ongoing operations of Nalco Holding Company. Non-GAAP measures are reconciled to the closest GAAP measure in schedules attached to this press release, which may also be found at http://www.nalco.com/. EBITDA is a non-GAAP measure used in determining compliance with the Company's debt covenants. Reconciliation to net earnings is included in Attachment 5. Free Cash Flow is reconciled on Attachment 6 to Cash from Operations as shown on Nalco's Cash Flow Statement, and is defined as Cash from Operations less Capital Expenditures and Noncontrolling Interest charges. In addition, Nalco may discuss sales growth in terms of nominal (actual), organic (nominal less foreign currency and acquisition/divestiture/merger/joint venture/perimeter impacts), and real (organic growth less that portion of the growth which consists of price increases that simply pass along higher purchased material and freight costs). The non-GAAP measures should not be viewed as alternatives to GAAP measures of performance. Furthermore, these measures may not be consistent with similar measures provided by other companies.
This news release includes forward-looking statements, reflecting current analysis and expectations, based on what are believed to be reasonable assumptions. Forward-looking statements may involve known and unknown risks, uncertainties and other factors, which may cause the actual results to differ materially from those projected, stated or implied, depending on many factors, including, without limitation: ability to generate cash, ability to raise capital, ability to refinance, the result of the pursuit of strategic alternatives, ability to execute work process redesign and reduce costs, ability to execute price increases, business climate, business performance, economic and competitive uncertainties, higher manufacturing costs, reduced level of customer orders, changes in strategies, risks in developing new products and technologies, environmental and safety regulations and clean-up costs, foreign exchange rates, the impact of changes in the regulation or value of pension fund assets and liabilities, changes in generally accepted accounting principles, adverse legal and regulatory developments, including increases in the number or financial exposures of claims, lawsuits, settlements or judgments, or the inability to eliminate or reduce such financial exposures by collecting indemnity payments from insurers, the impact of increased accruals and reserves for such exposures, weather-related factors, and adverse changes in economic and political climates around the world, including terrorism and international hostilities, and other risk factors identified by the Company. Accordingly, there can be no assurance that the Company will meet future results, performance or achievements expressed or implied by such forward-looking statements. This paragraph is included to provide safe harbor for forward-looking statements, which are not generally required to be publicly revised as circumstances change, and which the Company does not intend to update.
Contact: Nalco Media Contact: Charlie Pajor 630 305 1556 cpajor@nalco.com Investor Contact: Mike Bushman 630 305 1025 mbushman@nalco.com
Visit the water stocks directory at Investorideas.com and Water-stocks.com
http://www.investorideas.com/Water-Stocks/Stock_List.asp
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