EcoPlus Announces Fuel Sales Representation Agreement
March 22 2010 - 12:20PM
Marketwired
EcoPlus, Inc. (PINKSHEETS: ECPL) announced today that it has
executed an exclusive agreement with Converse and Company of
Spartanburg, South Carolina, to represent the Company in future
sales of its biofuel product.
EcoPlus controls a patented, commercially proven technology that
utilizes an environmentally friendly process for turning brown
grease restaurant waste into a high-quality, solid fuel that can be
employed on a stand alone basis, or co-fired with other fuels or
biofuels. This fuel can be used as a coal substitute in steam
powered electrical generating stations to help meet increasingly
common and ambitious state regulations demanding alternative fuel
utilization, or for industrial heat over a broad range of
applications in areas such as food processing, or manufacturing,
such as cement manufacturing, where green fuels for corporate green
initiatives are in demand.
Converse and Company (www.converseresources.com) is a full
service coal broker serving a variety of industrial and electric
power-producing facilities throughout the Southeast. Through
relationships with utilities and private coal consumers, as well as
transportation providers, Converse and Company is well positioned
to provide an enhanced profile of the EcoPlus biofuel product to
operators in need of such products to meet regulatory and strategic
demand.
Phil Hicks, President of EcoPlus, stated, "In anticipation of,
and in advance of, plant construction and fuel production, we
considered it imperative to develop a marketing and brokerage
relationship to explore fuel purchase options with fuel product
consumers. Therefore, this is a significant step in completing the
Company's business structure for full development of the EcoPlus
technologies." Hicks continued by noting, "Converse and Company
provides both creativity and decades of experience in marketing a
spectrum of solid fuel products, and we feel that they will be a
superb partner in assisting us to realize maximum value for our
product, which is a high quality alternative fuel."
Forward-Looking Disclaimer
Statements regarding financial matters in this press release
other than historical facts are "forward-looking statements" within
the meaning of section 27A of the Securities Act of 1933, Section
21E of the Securities Exchange Act of 1934, and as that term is
defined in the Private Securities Litigation Reform Act of 1995.
The Company intends that such proclamations about the Company's
future expectations, including future revenues and earnings,
technology effectiveness and all other forward-looking statements
be subject to the safe harbors created thereby. EcoPlus, Inc. is a
development stage company that depends on outside resources to
maintain its continuation. Since these statements involve risks and
uncertainties and are subject to change at any time, the Company's
actual results may differ materially from expected results.
Factors that may affect forward-looking statements and the
Company's business generally include but are not limited to (i) the
risk factors and cautionary statements made in the Company's NASD
or SEC filings; and (ii) other factors that EcoPlus is currently
unable to identify or quantify, but may exist in the future.
Forward-looking statements speak only as of the date the
statement was made. EcoPlus does not undertake and specifically
declines any obligation to update any forward-looking
statements.
Contact: EcoPlus, Inc. Investor Relations Toll-free:
877-494-0064
EcoPlus (PK) (USOTC:ECPL)
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