On Monday, the company put out news regarding the a large-scale commercial project the company expects to complete in the current fiscal quarter. This project will utilize the Company's proprietary ozone treatment system to an area in excess of 650,000 square feet in midtown Manhattan. The company has already received payments of $150,000 during the 2nd quarter ending 2009 for this project, representing a small portion of the total value of the contract. Independent Industrial Hygienists have seen significant level reductions in all VOC and toxic chemical compounds and this first project has already resulted in the assignment of 1 more project treatment. These commercial projects will be utilized for a range of purposes including restoration damage from fire/water as well as healthcare facilities related to infection control. Dr. Halden Shane, TOMI's CEO, commented, "We are extremely pleased in the size, scope and success thus far in one of our first major commercial projects. There has been 19 months of research and preparation to establish and test the protocols we set out to achieve and watching our company receive its first major commercial contract has been very motivating. The Federal Government and commercial industry leaders understand the immediate need to address indoor air contaminants and VOCs. The development of our systems could not be more timely and environmentally friendly. At a time when many Americans are losing their jobs to corporate downsizing, it is nice to be at a new beginning in the indoor environmental air remediation industry that we believe should help assist in the creation of many good paying jobs throughout the country while addressing a major social need and issue, clean, healthy air. Our goal is to make this the standard for thousands of commercial buildings nationwide in the years to come. It is well documented that polluted indoor environments hamper workers ability to concentrate, perform up to their potential and triggers asthma and many other health-related illnesses. Another major concern on the part of Commercial Real Estate owners is the liability attached with the purchase, sale or lease of a contaminated building. Our clean ozone system delivers an effective solution to providing a contamination free building with documented proof at the time of delivery."
Shares for The Ozone Man Inc. (OTCBB: OZOM | Quote | Chart | News | PowerRating) were up during the late afternoon of trading on Monday and closed up three dollars at closing. To view our StockGuru Spotlight on The Ozone Man Inc. (OTCBB: OZOM), please visit: http://www.stockguru.com
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