Cavitation Technologies, Inc and Eagle Ford Silica Sand, LLC have Signed a Letter of Intent to Merge their Operations - Seite 2

Mr. Neil Voloshin, CEO of Cavitation Technologies, Inc stated, "I believe that a proposed merger will provide a great opportunity for expanding our business growth in the oil and gas industry. Eagle Ford will provide an immediate positive cash flow thus permitting a much-needed boost in our water treatment expansion. Our objective of this transaction is to substantially increase shareholder value and profitability of CTi".

Mr. Ignacio Martinez, President of Eagle Ford stated, "I am very excited about the proposed merger at hand. The synergy created between these two innovative companies is astounding to me. Not only will it maximize the economic benefit of these two entities by providing both the sand needed for fracking and an eco-friendly produced water remediation and recycling service, but it will also largely reduce the need for freshwater use in current fracking operations which will benefit the environment as well."

Fracking is a process used to extract oil or natural gas from deep underground shale formations.

The presence of sand, or proppant, in fracking operations is crucial for creating and maintaining fractures in shale rock formations. It ensures the efficient extraction of oil or natural gas by preventing the fractures from closing and enhancing the flow of fluids to the wellbore. Also, the abundance and cost-effectiveness of sand make it a preferred choice for fracking operations.

Per well: On average, a single hydraulic fracturing operation may use anywhere from 11,000 to 13,000 tons of sand.

Total Annual Usage: Estimates from industry sources suggest that the total sand consumption for fracking operations in the U.S. ranged from 40 to 80 million tons per year during the peak years of shale oil and gas development.

Regional Variations: The amount of sand used in fracking can also vary across different shale basins in the U.S. For example, some shale formations, such as the Permian Basin in Texas, have historically seen higher levels of sand consumption due to the extensive drilling and production activity in the region.

According to industry experts, the global frac sand market is expected to reach $11.4 billion by 2028, with a CAGR of 8.24% from 2023 to 2028. 65% of the growth will originate from North America.

*The proposed merger has been filed with the SEC via an 8K. You can find that filing here, https://www.otcmarkets.com/stock/CVAT/disclosure under SEC Flings*

About Cavitation Technologies, Inc.

Founded in 2007, the company designs and manufactures innovative flow-through devices and systems, as well as develops processing technologies for use in edible oil refining, renewable fuel production, water treatment, and alcoholic beverage enhancement. The Company's patented Nano Reactor^® systems and various technologies have over 40 patents issued and filed both domestically and abroad. https://www.cvatinfo.com.