Boca Raton, Florida, Aug. 8, 2013 (GLOBE NEWSWIRE) -- Poly Shield Technologies Inc. OTC:BB SHPR
FOR IMMEDIATE RELEASE August 8, 2013
Poly Shield Technologies Inc.'s Wholly Owned Subsidiary, New World Technologies Group Inc., Has Completed a Feasibility Study and Energy Survey for Villa Regina Condominiums in Miami, Florida.
Boca Raton, Florida., August 8, 2013 - Poly Shield Technologies Inc.'s (OTCBB:SHPR) wholly owned subsidiary, New World Technologies Group Inc., has finished a feasibility study and energy survey for the Villa Regina Condominiums which is a 208 unit, 27 story high- rise located at 1581 Brickell Avenue in Miami, Florida.
The initial survey confirms that by converting to New World Technologies' WaterX Waste Heat Recovery system, the CoolX Cooling Tower upgrade and maintenance system, and the EnergX Waste Energy Recovery system, Villa Regina could realize at least 30% energy saving verses the property's current existing systems.
New World Technologies offers multiple proprietary products for Residential and Commercial high-rise buildings using technologies designed to re-use wasted energy, reduce water consumption, and eliminate the need to use chemicals in system maintenance. This results in these structures becoming significantly more efficient and environmentally friendly.
John Fernandez, General Manager of The Villa Regina Condominiums, stated: "We are very excited about the opportunity to associate with such an innovative company which provides not only a tremendous monetary savings but assists us in our efforts to become one of the greenest residential complexes in Miami."
About Poly Shield Technologies Inc.:
Poly Shield markets environmental, pollution emissions, energy saving, corrosion and durability solutions to a worldwide market.
Poly Shield's proprietary DSOX-15 Fuel Purification System is a cost-effective technology designed to remove sulfur from fuel in an effort to meet the upcoming sulfur emissions regulations due to take effect in 2015. The technology is directly aimed at the maritime industry which includes vessels for cruise-line, freight shipping and tanker companies and can be installed during normal vessel operation without the need to use expensive dry dock time. The technology has a worldwide application that is not limited to the maritime industry.
The Poly Shield's Fluoropolymer coatings are formulated specifically for extreme durability reduced maintenance and enhanced aesthetics. They were tested and are in use in a number of different industries including marine, aerospace, oil field, industrial, commercial, and residential applications.
About New World Technologies Group, Inc.:
New World Technologies Group Inc., a wholly owned subsidiary of Poly Shield Technologies Inc., markets systems to increase commercial property efficiency including reduction of energy consumption, energy recovery, cooling tower upgrade and maintenance, and water system descaling and biofilm prevention.
For further information about Poly Shield Technologies Inc. please visit the company's website at http://www.Polyshieldtechnologies.com.
On behalf of the Board of Directors
Rasmus Norling, Director and CEO of Poly Shield Technologies Inc.
Forward Looking Statements
This press release contains forward-looking statements. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as "expects", "intends", "estimates", "projects", "anticipates", "believes", "could", and other similar words. All statements addressing product performance, events, or developments that Poly Shield Technologies Inc. expects or anticipates will occur in the future are forward-looking statements. Because the statements are forward-looking, they should be evaluated in light of important risk factors and uncertainties, some of which are described in Poly Shield Technologies Inc.'s Quarterly and Annual Reports filed with the United States Securities and Exchange Commission (the "SEC"). Should one or more of these risks or uncertainties materialize, or should any of Poly Shield Technologies Inc.'s underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on Poly Shield Technologies Inc.'s forward-looking statements. Except as required by law, Poly Shield Technologies Inc. disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this press release. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. No stock exchange, securities commission or other regulatory body has reviewed nor accepts responsibility for the adequacy or accuracy of this release. Investors are advised to carefully review the reports and documents that Poly Shield Technologies Inc. files from time to time with the SEC, including its Annual, Quarterly and Current Reports.
SOURCE Poly Shield Technologies Inc.
Contact: Poly Shield Technologies Inc.
Source:Poly Shield Technologies Inc.