SCRUBBER-ADSORBER       

NEWSLETTER 

March 2013
No. 465

Poly Shield Technologies Inc. Acquires Ecolutions, Inc.

Poly Shield Technologies Inc. announced that it has entered into a share purchase agreement with Rasmus Norling for the purchase and sale of all of the issued and outstanding shares of Ecolutions, Inc. for the aggregate purchase price of $53,000, payable by the issuance of 100,000 restricted shares of Poly Shield’s common stock. As a result of the acquisition, Poly Shield has acquired all of Ecolutions’ rights under Collaboration, Master Distributor and License Agreements (the “GTM Contracts”) with Green Tech Marine AS, a Norway corporation. Green Tech Marine has developed a proprietary exhaust gas scrubber technology that, among other things, can provide gas emission solutions to industries worldwide. Through this acquisition Poly Shield will develop marketing strategies for the Green Tech Marine GTM R15 proprietary gas scrubber technology.

The GTM R15 is a cost-effective exhaust gas cleaning solution that meets the worldwide escalating marine emission regulations. It provides a number of advantages over other scrubber beyond removal of emissions particles, including minimal footprint requirement, low weight, energy efficiency, requires virtually no external chemicals, and allows for installation during vessel operation without the need to use expensive dry-dock times.

Rasmus Norling, who is expected to become Poly Shield’s CEO, has direct experience and expertise with the proprietary technology and its applications both domestically and internationally. Poly Shield’s rights will include rights to sell and distribute the Green Tech Marine’s technology.

In comment, current CEO Mitchell Miller stated, “This technology will allow Poly Shield Technologies to open additional markets and contribute in a very significant way to the reduction of worldwide emissions. In doing so, Poly Shield has an opportunity to benefit both corporately and financially as a first mover in the very large and lucrative maritime shipping markets.”

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