Sanitec Industries Emerges From ... ( SUN VALLEY Calif. April 14 /- Sanitec...)

Sanitec Industries Emerges From Chapter 11

Date:4/14/2009

SUN VALLEY, Calif., April 14 /PRNewswire/ -- Sanitec Industries, Inc. (www.sanitecindustries.com),the global patent holder for the environmentally friendly Sanitec(R) Microwave Healthcare Waste Disinfection System(TM), has successfully emerged from its Chapter 11 case. The United States Bankruptcy Court for the Central District of California ruled yesterday that the plan of reorganization submitted by Sanitec Industries should be confirmed thus clearing the way for the company to end its bankruptcy case. In addition to confirming Sanitec Industries reorganization plan, the court approved Sanitec Industries rejection of a disputed license agreement with MicroWaste Corporation which the latter company contended allowed it to manufacture and sell medical processing equipment using Sanitec Industries' patented technology.

In approving Sanitec's plan, which provides for the full payment of Sanitec Industries' creditors over a period of time, United States Bankruptcy Judge Maureen Tighe denied an onslaught of motions filed by MicroWaste Corporation to try to derail the plan. Finding that MicroWaste's efforts "bordered on bad faith", Judge Tighe overruled every argument made by MicroWaste in an attempt to sidetrack Sanitec Industries plan to repay its creditors and emerge from bankruptcy.

According to Sanitec Industries' president, James Harkess, "The Court's approval today triumphantly marks the end to a long tedious battle that ultimately opens the door for a whole new generation of Sanitec Technology."

Mr. Harkess went on to explain, "We are now moving into the future, turning disinfected medical waste into bio fuels... diesel, grease and gasoline. Explaining, "Sanitec's Green Recycling Programs are also developing a reusable industrial grade co-mingled plastics market, aimed at keeping millions of our client's disinfected medical waste out of the
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SOURCE Sanitec Industries, Inc.
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