Crivello Group, LLC announces equity Investment in Profile Technologies, Inc.
Profile Technologies, Inc. provides non-invasive inspection corrosion inspection solutions to public utilities and private pipeline operators, protecting the environment.
Pompano Beach, FL (PRWEB) August 28, 2004 -- Frank Crivello, Managing Member, Crivello Group, LLC (CG") announced that its principals funded a participation in a private placement of Profile Technologies, Inc. (PRTK:OTCBB").
CG Managing Member Frank P. Crivello stated: We were pleased to participate in this offering. PRTK developed an exciting business plan. PRTK provides non-invasive inspection solutions to companies that build, own, service or manage large pipelines. PRTKs services revolve around its proprietary and patented electromagnetic wave (ENW) technology that it has developed over the last seven years. Using the companys inspection services, it is possible to detect corrosion on pipelines without shutting down the pipeline, digging up the pipe, or removing any insulation or shield around the pipe. PRTKs services can significantly reduce its customers pipeline inspection costs and enable them to inspect pipes that were virtually inaccessible using other inspection methods."
About Crivello Group, LLC www.crivello.com:
CG is a strategic advisors and partners to distressed and emerging companies. CGs solutions for distressed or emerging company that include:
• Stabilization
• Capital & Debt Alternatives
• Staff, Boards, and Professionals
• Divestiture & Dissolution
• Plan of Restructuring or Reorganization
Safe Harbor Statement Under the Private Securities Litigation Act of 1995 - With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of the Company could differ significantly from those statements. Factors that could cause or contribute to such differences include, but are not limited to assumptions relating to the technology market and that there will be no unanticipated material adverse change in CG's operations or business.
Contact:
New-School Communications, LLC
Blois Olson, 651-221-1999
www.new-school.com
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