Advent-Oriental: Palingenesis Mfg Inc secure $27.5 million USD order!

March 8, 2010 - PRLog -- Shanghai based Advent-Oriental Asset Management announced today that Palingenesis Manufacturing Inc. has secured  the sale of 15 units of the Palingenesis Hazardous and Toxic Waste Processing Systems to Eco-Safe waste Management, Inc. (ESWM) with a contract value of more than $27,500,000.00 USD.

Ted J. Staley, Chairman of Palingenesis Manufacturing Inc (www.palingenesismfg.com) said, “  ESWM has been operating under an exclusive territorial licensing agreement from Palingenesis Manufacturing Inc. “PMI” for the past two and a half years to utilize the PMI proprietary H&T Waste Treatment and Processing Systems within the Continental United States and the U.S. Department of Defense and is now positioned to make a substantial impact on the waste management industry.”

ESWM’s Chairman, Gilmore Ching in an interview confirmed that they are currently, in discussion and final planning stages with management and government administrators.  These people make key decisions in the management of Hazardous, Bio-Medical and MSW (Municipal Solid Waste), which include Government, Charitable (U.S. non-profit 501-C-3) and large Private Corporate clients located in the U.S. (Hawaii and Guam), Haiti, and various South American countries in the procurement of ongoing public works and infrastructure projects, regarding the effective and environmentally safe management of complicated waste issues.

Gilmore Ching went on to say that ESWM is positioning itself to make 2010 the year that we effectively coordinate all sales and marketing efforts and reach critical mass thereby, effectively creating a “Paradigm Shift” in the total Waste Management Industry. To realize a portion of these goals, ESWM is actively working in conjunction with large charitable organizations, which are working in conjunction with environmental and technical innovation at the U.S. Federal Government and U.N. NGO level infrastructure projects.

Palingenesis Manufacturing Inc. is a company dedicated to the design, manufacture and operation of proprietary equipment intended for the treatment and processing of Municipal Solid Waste and most types of the Industrial, Commercial, Hazardous and Toxic Waste including Hospital, Solid, Liquid and Sludge Wastes that are generated in today's market.

Palingenesis began developing its process technology over seven (7) years ago and after thousands of trials and hundreds of laboratory tests on a wide range of diverse waste streams, carried out using the Palingenesis proprietary chemical mixtures/formulas and additives the company can state with authority that its process and machinery have no peers, either in the ability to treat the various waste streams or operate at positive cash flow.

Palingenesis owns and operates though its subsidiary company, Gennix/Pathogenesis Inc. (www.gennixinc.com) a 36,500 metric tonne per year hazardous and toxic waste treatment and processing centre in Metro Manila, Philippines and is the largest treater of industrial and commercial H&T waste including clinical waste in the Philippines. PMI  has sold its propitiatory waste processing systems to the city of Vladivostok Russia and Bahrain. Sales are in the final funding stage in Nigeria and China and now that agreements with ESWM have been finalized PMI will realize substantial profits for its stockholders in 2010.

Safe Harbor Statement: Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements.

Visit us at www.palingenesismfg.com or contact ted@palingenesismfg.com

About Advent-Oriental Asset Management

Advent – Oriental was founded in Rangoon, Burma (now Myanmar) in 1889 by Maj Gen Sir John Leopold Advent MC KCB. Burma was at that time an annex of India under the rule and administration of the British“Raj”.  A highly decorated career soldier and nearing the end of his military service, Sir John had an Indian bride and substantial holdings in the Bengal region. Upon retirement, his purpose and intent was to form a company that would assist and advise retiring officers and men in investing their gratuities, pensions and assets wisely and prudently, in order that they may live out their retirement in comfort and security and so, Advent-Oriental Asset Management was born.

Upon the death of Sir John in 1899, the company decided to open its doors to servicemen and civilians alike whilst continuing to honor Sir John’s basic tenet of “Wisdom and Prudence” and in 1962 moved operations to Singapore because of the political situation that was developing in Burma. Two further moves were to follow; Hong Kong Island in 1966 and finally, Shanghai in 2004 where its center of operations is now located.

The focus since 1991 has been on the now fashionable “green” technology sector in sourcing, researching and identifying opportunities in companies that are either developing, producing or manufacturing alternative energy solutions, ecologically friendly waste management & disposal systems– and their ancillaries.

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Advent – Oriental was founded in Rangoon, Burma (now Myanmar) in 1889. Now based in Shanghai,and focussing on the“green” technology sector