SAN CLEMENTE, California, July 1, 2008 -- ALDEROX, INC. (OTCBB: AROX), a world leader in productivity enhancing, environmentally friendly anti-stick release agents and lubricants to the mining sector, announced today that it will be opening a new production facility in Memphis, Tennessee on August 1, 2008.
The Company has entered into a 5 year lease agreement for a 20,500 square foot facility in Memphis, Tennessee which is scheduled to begin production in August 2008. Alderox, Inc. is gearing up to support upcoming projects within the mining sector.
Mike Davies, CEO of the Company stated, "Alderox, Inc. is negotiating 4 relatively large mining projects which would require the Company to increase production capabilities to over 60,000 gallons of Alderox per month." Mr. Davies went on to say, "The Company is also working with over 50 additional mines, all at various stages of the sales process. On an average, these mines may represent monthly Alderox usage of approximately 5,000 gallons each. With increasing demands for minerals worldwide, mining companies are focused on finding ways to increase productivity and decrease energy costs. Alderox achieves those objectives."
Headquartered in San Clemente, CA with offices in Colorado, Utah, and Tennessee, Alderox, Inc. manufactures and globally markets its Alderox