McapMediaWire – The Scottsdale, Arizona-based, publicly traded Cyber Enviro-Tech, Inc. (OTC: CETI) is happy to report that its S-1 Registration Statement, which was submitted to and approved by the Securities and Exchange Commission on January 19, 2023, is now complete. Now that CETI is a fully-reporting public corporation, it is required to submit quarterly reviewed financial statements and annual audited financial statements.
CEO Kim D. Southworth believes that this will boost investor confidence in the veracity of our financial statements and company activities, which are now included in our quarterly and annual filings.
The company was able to develop and test its technologies while keeping the mineral rights to its pilot oil field in west Texas by raising more than $2.3 million. With the use of its water filtering, injection, and reservoir improvement technologies, CETI will be able to show that it can increase oil output through the deployment of these early oil wells.
Cyber Enviro-Tech won’t be employing any hazardous chemicals, which will allow it to lessen the environmental impact of oil well maintenance. The Alvey Ranch serves as the foundation for establishing different revenue streams. When this initial Pilot Program is successful, CETI will attempt to collaborate with existing operators of stripper wells to boost their production capacity and boost the Company’s revenue.
About Cyber Enviro-Tech, Inc.
Water science technologies are combined by CETI, an organisation with a focus on the environment, to make water use and consumption safer, more effective, and more affordable. The oil and gas sector is the focus of our opening discussion. The company has the capacity to address a broad range of water contamination problems brought on by the extraction of oil and gas. The Firm also uses cutting-edge, unique tools and procedures to boost oil output.
We achieve this by utilising technologies from the fourth industrial revolution to greatly simplify the mechanics of oil extraction while drastically lowering labour costs, minimising the need for water trucks, improving oil recovery, and enabling real-time activity monitoring using metrics and instant data.
Forward-looking statements are any statements in this press release that do not relate to historical fact. Financial forecasts, management plans and objectives for current and future operations, the development, obtaining of regulatory approvals, and commercialisation of the Company’s products, or any proposed services, systems, licencing agreements, joint ventures, partnerships, or acquisitions by the Company are all examples of forward-looking statements.
Such forward-looking statements do not intend to forecast or guarantee future performance, and actual events or outcomes could differ materially from those projected.
The inability to secure additional financing, the impact of significant new or changing government regulation on the industry, existing or increased competition, the outcomes of arbitration and litigation, stock volatility and illiquidity, and the Company’s general failure to effectively implement the Company’s plans are all factors that could cause actual results to differ materially from any projections. The Company disclaims any need to revise any forward-looking statements to reflect events or circumstances that may happen after the release date.