News Update - July 17, 2008
Universal Systems Prepares To Launch Cable Surveying Expedition
Baker City, OR - Universal Systems, Inc. (UVSS.PK), announced today it has purchased a 45 ft. Sea Ray and is outfitting the vessel with updated radar and specialized surveying equipment. The Company plans to depart for Alaska and begin a surveying expedition before the end of the month.
"We are moving forward quickly on the recovery of the cable, stated Mr. Kevin Chambers, CEO of Universal Systems, Inc. This first step is to survey the ocean floor with the GPS coordinates we obtained from our last visit to Alaska. We will then map out our recovery plan and be ready for the arrival of the recovery equipment and crew to begin the salvage operation."
The surveying vessel is currently in San Francisco being outfitted with a new radar system and will continue to Seattle later this week to obtain additional equipment needed for the survey and recovery process. The Company estimates that the remaining barges, tug boats, cranes, etc., will begin arriving in early August.
The Company purchased the rights to salvage the communications cable known as the Alaska Communication Submarine Cable in early January, 2008, in exchange for a convertible debenture in the face amount of $102 Million to the holders of the submarine rights. The debenture is convertible into UVSS common shares at (1) shares for each $10.00 of debenture principal. Accordingly, the Company will be issuing a total of 10.2 Million shares upon conversion of the debenture.
Mr. Chambers added, "The cable extends approximately 4,850 miles from the Southern Coast of California, towards the Alaskan Islands along the west coast of the United States with an approximate total copper weight of 37.5/lbs. per foot. The copper value becomes staggering when you compare the per foot weight with a recent Kitco Base Metals index price for copper of approximately $3.70 per/lb."
About Universal Systems, Inc.
Universal Systems, Inc (USI) is a publicly traded holding company focused on providing economically and ecologically viable water and wastewater treatment solutions. USI offers a FULL SERVICE turn-key water treatment services, specializing in "slop oil" and CBM (Coal Bed Methane) produced water. In 2007, USI obtained an exclusive worldwide licensing agreement to provide slop oil and processed wastewater treatment services to the oil industry. The company's mission is to become the leader in the development and delivery of cost effective slop oil and processed wastewater treatment. USI joined Powell Water Systems, Inc. (PWS) and Water Solutions, LLC (WS) to bring PWS's patented electrocoagulation technology to the oil industry, making large flow waste oil, and water treatment efficient and cost effective. More recently, USI has discovered the immediate need to become involved in building, owning, and operating central produced water processing facilities. This service is widely needed wherever natural gas is produced; the diminished capacity to handle processed water from natural gas production is causing some production wells to be shut in until alternative-treating plants can be brought on line. As tougher water discharge regulations are being imposed, the need is becoming even greater.
USI's business plan for expansion includes the purchase or acquisition of other specialized trade service companies that will compliment and enhance the overall product and service offering of the company.
Universal Systems, Inc. is traded on the OTC Exchange under the symbol UVSS. More information is located at the website: universalsystemsinc.net
Contact:
Kevin Chambers
News Update - July 7, 2008
Universal Systems Starts Cable Recovery Program
Baker City, OR - Universal Systems, Inc. (UVSS.PK), announced today its reconnaissance team has successfully returned to corporate headquarters and has located it's cable.
Universal Systems now has GPS coordinates to work from in the future. Also, portions of the cable were recovered and brought back for confirmation.
Mr. Chambers, CEO of Universal Systems, also stated that his cable recovery team being led by newly hired manager, Mr. Tim Axlesson, is putting together the necessary specialized equipment to start phase one of the cable recovery program.
The company plans to start immediately it's initial cable recovery by using barges, tug boats and cranes, etc., while looking to purchase and retrofit several larger ships to increase production. Universal is negotiating with a World Class cable company with plans of a January 2009 start date.
News Update - June 17, 2008
Universal Systems To Open A Sales Office In Alberta, Canada
Baker City, OR — Universal Systems, Inc. (UVSS.PK), announced today its decision to open a new sales office in Alberta, Canada following promising sales prospects from the Global Petroleum Conference.
"The Canadian Oil and Gas market is an unbelievable opportunity for us", stated, Mr. Kevin Chambers, CEO of Universal Systems. "The discussions we've had during this conference confirmed our initial thoughts about having a Company presence in Canada. The decision to open an office here was already in the works, but due to such a positive response this week we decided to expedite the opening."
The Company plans to aggressively market its waste water treatment solution to the natural gas, coal bed methane, tar sands and heavy oil drilling sectors of northwest Canada. As such, USI will be one of only a few companies that offer waste water recycling services to such a marketplace today. Most oil and gas companies in Canada currently choose to handle their waste water concerns by ground reinjection rather than recycling. Although, this method is very common in the industry, it's not always the most practical or environmentally safe method to use to dispose of excess waste water.
To oversee USI's Canadian sales effort, USI has appointed Kraige Smerdal of Grande Prairie, Alberta, Canada to become the Company's Western Canadian Operations Manager.
Mr. Kraige Smerdal, commented, "I am very excited about the opportunity to work with Universal Systems. Their products and services are a perfect fit for the current waste water recycling needs here in Northwestern Canada. We launched our Canadian sales and marketing efforts this week during the Global Petroleum Conference and have already been approached several major companies and we have identified more than 20 potential customers."
Mr. Smerdal has come to us with extensive knowledge of the Canadian markets and has worked in management teams of such companies as Neufeld Petroleum, Parkland Industries, Panda Tank & Vac and Endeavor Logistics. With the knowledge of changing market trends and the ability to think outside of the box he will assist in spearheading this project and many others for USI. With a long list of clients in the oil and gas sector, Kraige will be fundamental in leading USI to new markets within Canada.
We are coming into a new age where water, which was once taken for granted, has now turned into a commodity. The future is in the recycling and reuse of this precious product, this is where USI excel's and will be an industry leader. "We are pleased to have Mr. smerdal join our team. We look forward to working with him in Canada to capture this "untapped marketplace", added Mr. Chambers.
News Update - June 11, 2008
Universal Systems Attends Global Petroleum Conference In Canada
Baker City, OR — Universal Systems, Inc. (UVSS.PK), announced today its attendance at the three-day Global Petroleum Conference in Calgary, Alberta, Canada (June 10-12, 2008).
"This is an extraordinary opportunity for us to meet with industry leaders and operators to showcase our products and services", stated Mr. Kevin Chambers, CEO of Universal Systems, Inc. "The exchange of technology is a key component of this show. The industry is eager to find more innovative ways to meet today's oil demands and obtaining cost-effective and efficient ways to treat waste water factors into the same equation. Our Company offers the industry economical solutions for these water treatment concerns while protecting our environment from the disposal of "unsafe waste water."
Mr. Chambers added, "We have several meetings set up for the next few days. We are very confident that such meetings will result in favorable opportunities for the Company."
"Since 1968 Global Petroleum Show has been one of the pivotal industry events in the world. Now in 2008, Global Petroleum Show is the largest exhibition for oil and gas anywhere, boasting over 650,000 net square feet of international oil field equipment and display. Over the decades Global Petroleum Show has become much more than a large exhibition. It has become a main stage for buying and selling products and services, the exchange of technology, sharing of ideas, and industry networking. This year, we are building on all of the successes of past petroleum shows and introducing a number of new initiatives to this world-class event. Across the globe, the petroleum industry has never been more concerned about human resources, the environment, global supply & demand and sustainability", as stated in the Official Spring Event Preview Magazine for the 2008 Global Petroleum Show available at www.petroleumshow.com.
News Update — June 3, 2008
USI Meets With Major Oil Companies To Discuss Water Waste Treatment
Baker City, OR - Universal Systems, Inc. (UVSS.PK), announced today that for the past several months key members of the company's engineering team have met with two major oil companies to review solutions to waste water concerns associated with "oil drilling and refinery" operations.
"As the demand for oil increases, so does the problem of waste water", stated Mr. Kevin Chambers, CEO of Universal Systems, Inc. "However, this is not a new problem, but an issue that has plagued the oil and gas industry for decades, compounded by harsher EPA regulations and costs associated with its disposal."
For more than 10 years, both Powell Water Systems, Inc. (PWS) and Water Solutions, LLC (WS) have provided its customers with proven "cost-effective" waste water treatment solutions, representing a variety of manufacturing industries. Today, they have collectively manufactured and deployed over 350 units worldwide. Through the combined research and development and licensing relationship with USI, these products are now available specifically for the oil and gas industry. However, instead of focusing on manufacturing and sales, USI is distinctively poised to capitalize on the "process service" side of the business, thus increasing long-term income potential for the company.
Mr. Chambers further commented, "It's exciting to see how our R & D efforts are finally being taken seriously by the industry. As more and more oil companies begin to understand how our unique and efficient process can save them valuable time and money, our market opportunities will continue to grow exponentially."
News Update — May 23, 2008
Universal Systems Executes MOU To Acquire Biostar Technologies
Baker City, OR - Universal Systems, Inc. (UVSS.PK), announced today that it has executed a Memorandum of Understanding to acquire BioStar Technologies in a share-for-share exchange.
BioStar specializes in supplying microbial, enzymatic, and chemical products and technology for the petroleum, refining and pipeline industries to assist with the optimization of crude oil production, crude properties, and all processes associated with hydrocarbon exploitation, transportation, refining, and distribution of its derivatives. BioStar has based its development in products with the highest degree of environmentally safety standards, and environmentally conscious procedures. It has operated in Alaska, Louisiana, and California since 1990, including international operations in Canada, Venezuela, Trinidad, Ecuador, and Syria.
"We are excited about the pending acquisition of BioStar", said Mr. Kevin Chambers, CEO of USI. "Their products and services are especially complementary to our corporate mission to provide economically and ecologically viable water and wastewater treatment solutions worldwide."
Under the terms of the MOU, USI would issue 2,500,000 shares of "restricted" common stock in exchange for 25,000 shares of common stock in BioStar, representing 100% of the total issued and outstanding shares of BioStar. As such, BioStar would become a wholly-owned subsidiary of USI, conducting its daily business separate from, but under the supervision of USI. In addition, both companies would have the right to appoint two (2) members to each others' board of directors.
USI will initially provide $1,000,000 in developmental capital to BioStar upon the execution of a final acquisition agreement with $4,000,000 in additional growth capital within 12 months of the acquisition date. The final agreement is anticipated to be completed within 60 days, following the completion of the due diligence process and acceptable company integration plan.
Mr. Daniel Spencer, Chairman of BioStar commented "This proposed merger with USI provides BioStar with much needed capital to fully realize its business potential. Furthermore, the integration with USI will enhance each other's products and services and will provide the vehicle to cost-effectively and efficiently market our collective offerings."
About Universal Systems, Inc.
Universal Systems, Inc (USI) is a publicly traded holding company focused on providing economically and ecologically viable water and wastewater treatment solutions. USI offers a FULL SERVICE turn-key water treatment services, specializing in "slop oil" and CBM (Coal Bed Methane) produced water.
In 2007, USI obtained an exclusive worldwide licensing agreement to provide slop oil and processed wastewater treatment services to the oil industry. The company's mission is to become the leader in the development and delivery of cost effective slop oil and processed wastewater treatment. USI joined Powell Water Systems. Inc. (PWS) and Water Solutions, LLC (WS) to bring PWS's patented electrocoagulation technology to the oil industry, making large flow waste oil, and water treatment efficient and cost effective.
More recently, USI has discovered the immediate need to become involved in building, owning, and operating central produced water processing facilities. This service is widely needed wherever natural gas is produced; the diminished capacity to handle processed water from natural gas production is causing some production wells to be shut in until alternative-treating plants can be brought on line. As tougher water discharge regulations are being imposed, the need is becoming even greater.
About BioStar Technologies
BioStar Technologies is a company created in 1990 solely as a microbial company, which has added new products to its line through research and development, and that has formed alliances with water treatment equipment manufacturers to market their equipment and technology. The water treatment technology offers the opportunity to provide this kind of service in different areas of the world. An initial approach has been taken to incorporate this service and has been welcomed by potential clients. The firm is currently managed by the founder and Mr. Daniel Spencer, and Mr. Alirio Pinango, co-owner, a Mechanical Engineer with nineteen years of experience in associated petroleum engineering areas.
Contact:
Kevin Chambers
Safe Harbor Statement Under The Private Securities Litigation Reform Act Of 1995:
The Private Securities Litigation Reform Act of 1995 (the "Reform Act") provides a "safe harbor" for forward-looking statements to encourage companies to provide prospective information, as long as those statements are identified as forward-looking and are accompanied by cautionary statements identifying important factors that could cause actual results to differ materially from those discussed in the forward-looking statements. Universal Systems, Inc. desires to take advantage of the safe harbor provisions of the Reform Act. All future written and oral forward-looking statements attributable to the Company or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements contained or referred to above. New risks and uncertainties arise from time to time, and it is impossible for the Company to predict these events or how they may affect the Company. We assume no obligation to update any forward-looking statements as a result of new information, future events or developments, except as required by federal securities laws. In addition, it is our policy generally not to make any specific projections as to future earnings, and we do not endorse any projections regarding future performance that may be made by third parties.
Universal Systems, Inc. is traded on the OTC Exchange under the symbol UVSS. More information is located at the website: universalsystemsinc.net
Contact:
Kevin Chambers
