The Auto Channel
The Largest Independent Automotive Research Resource
The Largest Independent Automotive Research Resource
Official Website of the New Car Buyer

Environmental Solutions Completes Acquisition Of Applied Diesel

16 January 2001

Environmental Solutions Worldwide Successfully Completes 100% Acquisition Of Applied Diesel Technology

    MARKHAM, Ontario--Jan. 16, 2001-- Environmental Solutions Worldwide, Inc. (ESW) (OTCBB:ESWW), a company that develops, manufactures and markets environmental technologies, today announced it has successfully acquired 100% of the assets and proprietary technologies from the Telford, Pennsylvania-based Applied Diesel Technology, Inc. (ADT) and includes all the assets from its Air Testing Services division.
    Bengt Odner, Chairman of ESW, commented, "The combined facilities, along with current and anticipated sales, coupled with innovative technologies, provides a launch pad for ESW and its corporate advisors, J.P. Morgan Chase Co. , to seek significant joint ventures in automotive and other markets worldwide."
    David Johnson, Chief Operating Officer, added, "This is a highly significant acquisition, as it builds upon the solid foundation of ESW's future business, both in North America and the Far East. This transaction not only provides ESW with immediate revenues, we've also gained a complete converter production plant, R D unit and an EPA/CARB-accredited emissions testing facility. We have begun the transition from that of a conceptual company with proprietary products to a multi-faceted organization with facilities to test, manufacture, and deliver these products to the global marketplace."
    ESW has initiated the integration of its ceramic substrate and ADT's stainless woven substrate, both of which are proprietary technologies, to realize an overall improvement in the product line. ESW is in the final stages of testing of its new hybrid Enviro-CatO converter and will issue a news release when the emissions test results are available.
    ESW's and ADT's Web sites have been combined to reflect the Company's new facilities, products and image. ESW's new Web site re-affirms management's commitment to create a more informative, user-friendly medium, while providing a better corporate reference point for its shareholders and customers. Please visit www.cleanerfuture.com .