NUEC Nu Earth Corp (CE)

MIRAMAR BEACH, Fla., March 30 /PRNewswire-FirstCall/ -- NuEarth Corporation (Pink Sheets: NUEC) ("NuEarth"), a manufacturer and marketer of "Clean & Green" products and technology, today announced that the company's Laboratory and Research Division, "TerraSolv SA", has received final approval for Phase Two of their long term contract with the Nigerian National Petroleum Corporation (NNPC) and their subsidiary the Integrated Data Services Limited (IDSL). This represents an additional $1.3 Million of laboratory services revenues for the next two months.

"TerraSolv SA can now more aggressively continue developing complex environmental models for ongoing reclamation projects over the next few months for NNPC and IDSL. This engagement dramatically expands on our many years of experience in organic chemistry and polymer development.  With this expansion our state-of-the-art facility is poised to further assist our international client base with research and development services in addition to our own internal R&D. This contract magnifies the working envelope and capacity of the TerraSolv laboratory by establishing beachheads into numerous secondary industries. The petroleum remediation industry alone is estimated to be $360 billion in size of which $112 billion is estimated to be design, analysis, engineering and pre-remediation services," said Wolfgang Hunterbok, senior Analyst for TerraSolv SA.

"Our state-of-the-art environmental modeling programs were critical in the establishment of this long-term relationship; as they provide our clients with real-world data in a real-world setting.  As one of the world's largest production companies of petroleum products, NNPC requires a comprehensive analysis tool for their geoscientists and engineers to optimize decision-making. We are excited to have this opportunity to forge a long term relationship with NNPC as they begin to develop remediation and redevelopment strategies for the coming years," stated Antonio Mussino, General Manager of IT Services for TerraSolv SA.  

TerraSolv SA is a state-of-the-art development and testing lab, which collects data from clients around the world to run project simulations ranging from usability, capacity, spread and weather modeling testing.  The laboratory's core platform consists of a 160-gigabyte database of environmental and agricultural project records running on six HP and two Novell servers storing the data and running the modeling software.

NuEarth is a company dedicated to bringing to market "Clean Solutions to Complex Problems" by offering a wide range of biodegradable, environmentally friendly products and technologies that will substitute for many of the hazardous chemicals commonly used all over the world.  For information about NuEarth and its product offerings visit us on the web at www.nuearthcorp.com

This press release contains forward-looking statements regarding NuEarth within the meaning of Section 27A of the Securities Act of 1933 as amended, as such, may involve risks and uncertainties. Such statements are based on management's current expectations and cannot be guaranteed.  The forward-looking statements discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors affecting NuEarth.  Forward-looking statements speak only as of the date on which they are made and NuEarth undertakes no obligation to publicly revise any forward-looking statement based on the result of new information, future events, or otherwise.

SOURCE NuEarth Corporation