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SIX
MILLION REASONS TO WATCH UIBI |
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Dear Readers,
Our most popular profile of the last few
months, Universal Ice Blast (otcbb: UIBI) has commanded
the attention of today’s StockUpTicks newsletter with potent
news of a $6 million financing.
Many of you market veterans know what a
financing of this magnitude means to a company this size but we
felt it best to make sure that all of you received this press
release directly in your personal email boxes so that you can
discuss it with your investment advisor.
We encourage you to do both. Access to
the press release is below as is a great new CEO Access
audio interview with
UIBI’s CEO, Rory Clarke.
If you’re among our newer members and want
to learn more about UIBI, a company that uses particles
of ice to efficiently clean and/or remove debris in a vast array
of applications, we kindly recommend you peruse our
initial profile which will give you a primer on this dynamic
company.
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ABOUT UNIVERSAL ICE BLAST *** |
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Universal Ice Blast, Inc. manufactures
chemical-free, ice blast machines. UIBI's patented "Displace,
Scrub and Flush" technology is reliable, environmentally friendly
and cost effective. The process is applicable to Asbestos and
Lead Based Paint Removal, Precision Cleaning and Nuclear Decontamination,
with no dust and very little waste. Universal Ice Blast equipment
is the first and only equipment of its kind and the company is
moving from its development stage to full scale operations.
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$6 MILLION NEWS FROM UIBI *** |
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Press Release
Source: Universal
Ice Blast, Inc.
Thursday November
14, 9:05 am ET
Universal Ice Blast Signs $6 Million Financing
Agreement With Fusion Capital
Company to Use Funds to Expand Marketing Efforts
KIRKLAND, Wash., Nov. 14 /PRNewswire-FirstCall/ -- Universal
Ice Blast, Inc. (OTC Bulletin Board: UIBI - News), the developer
of the patented ice blast cleaning technology, announced today
that it has entered into a common stock purchase agreement with
Fusion Capital Fund II, LLC, a Chicago, IL-based institutional
investor. Under terms of the agreement, Fusion Capital agrees
to purchase up to $6 million of Universal Ice Blast's common stock.
To read the entire release and disclaimer,
Click Here
Discussing the $6 million
financing and the UIBI growth strategy in Europe,
UIBI CEO Rory Clarke taped
an exclusive StockUpTicks interview yesterday.
To hear the interview, simply
click on the link of your choice.
If you need a free downloadable player to hear this, just pick
one:
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FAQ: WHERE CAN UIBI EQUIPMENT BE USED ? *** |
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Aircraft: Ice Blast can remove paint from
an airplane for aircraft refinishing companies.
Marine: Ice Blast can remove anti-fouling
paint from the bottom of boat.
Ice Blast removes barnacles from
water pumps.
Ice Blast removes tar from asphalt
spreading trucks.
Ice Blast removes chemical residue
from hose couplings.
Ice Blast removes petroleum by-products
from valve bodies.
Building Restoration: On one job, Ice Blast completely
removed the lead based paint from the University of Washington's
Parrington Hall without damaging a single brick.
Ice Blast does not
generate dust which is very important for toxic jobs.
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MARKETS FOR UNIVERSAL ICE BLAST PRODUCTS *** |
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UIBI has positioned their technology in
five markets:
- Precision cleaning (automated production
cleaning / de-burring)
- Industrial cleaning (fixed systems
parts cleaning, petrol chemical and pulp / paper)
- Nuclear Decontamination
- Craft & Vessel maintenance
- Environmental cleaning (lead paint,
asbestos abatement off of steel buildings and bridges)
As new environmental standards are being established, traditional
forms of cleaning will be abandoned and replaced by safer, healthier
technologies.
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CONTACT *** |
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At the Blaine Group, Inc.
Devon Blaine, Blaine@pacificnet.net
or Richard M. Goldman, rmgoldman@post.harvard.edu
At Universal Ice Blast, Inc.
Kelly Fuller, kellyf@iceblast.net
1-888-522-UIBI
533 Sixth Street South
Kirkland, WA 98033
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including those pertaining to estimates and related plans, potential
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of historical fact, are forward-looking statements subject to a
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has been paid 880,000 shares of common restricted UIBI stock by
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