September 15, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Adama Technologies Corporation – (OTCBB: ADAC) said that it has signed a letter of intent with local entrepreneurs in Romania to establish a line of tire recycle factories, with the ability of partial funding by the European Union and local government.

Adama anticipates the estimated revenues from this new project will generate over EUR100 million annually.

The company expects to open the first factory within the coming year, after which, three additional sites will be set up by 2012.

New York-based Adama Technologies is a Brownfield remediation company that treats various metals within the Resource and Recovery Act and Universal Treatment Standards.

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