EcoPlus, Inc. and Converse and Co. Agree to Purchase Contract for Biofuel Sales
June 08 2010 - 9:41AM
Marketwired
EcoPlus, Inc. (PINKSHEETS: ECPL) announced today that it has
executed a multi-year purchase contract with Converse and Co. of
Spartanburg, South Carolina for the projected output of a to-be
constructed biofuel plant in Berkeley County, South Carolina. The
purchase contract is contingent on predelivery quality testing of
the fuel by the end user and the successful conclusion to the
funding process for the plant construction.
The technology utilizes an environmentally friendly process for
turning brown trap grease from 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. The fuel can be used as a coal
substitute in steam-powered electrical generating stations or for
industrial heat over a broad range of applications in areas such as
food processing and cement manufacturing.
Justin Converse, chairman and CEO of Converse and Co., issued a
statement noting, "I am excited about the continued progress
towards production, and we have several industrial and utility
customers that are equally excited about a viable renewable solid
fuel option to co-fire in their coal units. The customer requests
for the material far exceed the projected production capacities of
the Berkeley facility."
Converse and Co. is a full service coal brokerage that serves
industrial and utility customers in the Southeast.
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.
For more information, visit www.ecoplusinc.com.
Contact: EcoPlus, Inc. Investor Relations Toll-free:
877-494-0064
EcoPlus (PK) (USOTC:ECPL)
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