became the new and sole business of CRTZ
after the reverse
is a development - stage company possessing a proprietary technology which can recycle scrap tires by pyrolysis.
Successful completion of the necessary bench-scale testing phase now provides CRTZ
with the opportunity to concentrate its actions and resources on the subsequent steps in its business plan.
To date, some municipalities within New Jersey, and in other nearby states, have expressed interest in having CRTZ
plants constructed in their locales, which would be owned and operated by licensees of CRTZ
possesses proprietary technologies which allows it to economically recycle tires into it's elemental components, thus not only eliminating the current glut of waste passenger tires which overflow dumps sites throughout the nation, but produce re-usable materials such as carbon-black, carbon steel and petroleum products which are then sold for a significant profit.
and has received fees for services, including 500,000 shares of CRTZ
common stock and two million options at $0.
The merger will create an increasing revenue base for CRTZ
and new product growth opportunities for Ingen Technologies.