CHARLOTTE, N.C., Sept. 6, 2006 (PRIMEZONE) -- EcoPlus, Inc. (Pink Sheets:ECPL) announced that it has entered into a discussion with Academic Capital Group, Inc. of Chicago, Illinois, a municipal lease-finance company. When finalized, the program agreement will supply qualified municipalities with lease financing to purchase or rent the EcoPlus patent-pending brown grease disposal technology.
Municipalities consistently feel environmental pressure over the many disposal issues that brown grease causes. Utilizing the company's technology and Academic Capital Group's financing, virtually any qualified municipality will have the ability to eradicate brown grease disposal issues. This agreement will also allow municipalities to create alternative fuel for local utilities.
Installation of the EcoPlus system provides a unique opportunity for local governments to turn an environmental challenge that they are currently dealing with into an environmentally friendly alternative energy product.
Bill Scherffius, EcoPlus Director of Operations, said, "With the addition of this financing element, a municipality could get the EcoPlus system with little to no money required. In addition, with the sale of green fuel to utilities, the municipality could create a profit to the bottom line. How many times in business do you see a win-win situation like this?"
Dennis Stephans, President of Academic Capital Group, Inc., adds, "We are very proud to partner with EcoPlus to provide comprehensive equipment and funding services to its clients. EcoPlus' patent-pending process and equipment coupled with our extensive sales-aid financing is expected to accelerate the company's equipment placements and provide additional value-added options to the customer base."
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. EcoPlus, Inc. (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.
The EcoPlus, Inc. logo is available at http://www.primezone.com/newsroom/prs/?pkgid=2822
Academic Capital Group, Inc., a privately-held corporation headquartered in Chicago, Illinois, provides numerous flexible financing programs for the acquisition of capital assets and related services for state and local governments, throughout all 50-states, Guam and Puerto Rico. More information can be obtained from its website: www.academiccapital.com, or by calling its President, Mr. Dennis Stephans, at 800-513-0013.