Mr. Elio Sorella reports
ECOLOMONDO RETAINS MARKET MAKING SERVICES
Subject to regulatory approval,
Ecolomondo Corp. has retained the market-making services of Venture Liquidity Providers Inc. (VLP) to provide assistance in maintaining an orderly trading market for the common shares of the company posted for listing on the TSX Venture Exchange.
The market-making service will be undertaken by VLP through a registered broker, W.D. Latimer Co. Ltd., in compliance with the applicable policies of the TSX-V and other applicable laws. For its services, the company has agreed to pay VLP a fee of $5,000 per month for a period of 12 months. The agreement between the company and VLP may be terminated at any time by the company or VLP. The company and VLP act at arm's length, and VLP has no present interest, directly or indirectly, in the company or its securities. The finances and the shares required for the market-making service are provided by W.D. Latimer. The fee paid by the company to VLP is for services only.
About Ecolomondo Corp.
Ecolomondo is a cleantech Canadian company that is commercializing its waste-to-product technology. The thermal decomposition process (TDP) converts hydrocarbon waste into marketable commodity end products, namely carbon black substitute, oil, gas and steel.
The company's main revenues will come from the sale of TDP turnkey facilities and royalties from their operations.
Management believes that technological breakthroughs in areas of emissions, process optimization, automation, end product processing and safety position Ecolomondo to become an industry leader in the resource recovery of hydrocarbon waste.
We seek Safe Harbor.
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