CHARLOTTE, N.C., Sept. 11, 2006 (PRIMEZONE) -- EcoPlus, Inc. (Pink Sheets:ECPL) has entered into negotiations with Alliance Development Group for managing construction of up to ten grease processing plants. Alliance is a highly experienced development corporation located in Charlotte, North Carolina, specializing in build-to-suit and sale-leaseback arrangements.
Ralph Rogers, President of EcoPlus, stated, "The relationship with Alliance could be the most important factor regarding our plans for national growth. Alliance has a significant contact base in multiple markets throughout the U.S. which can provide construction, equipment leasing and financing. This will create a surge to our bottom line profitability with minimal costs to our shareholders."
Financial projections indicate there will be in excess of $13 million in initial licensing fees and over $300,000 per year of reoccurring revenues for EcoPlus at the ten plant per year level.
ECPL has a patent-pending technology that utilizes an environmentally friendly process for turning restaurant-generated brown grease refuse into a high quality, solid fuel product. This product can be used as a coal substitute to produce power, as an adjunct fuel in waste heat to energy and steam plant operations and as a fuel for industrial process heat over a broad range of applications.
The EcoPlus, Inc. logo is available at http://www.primezone.com/newsroom/prs/?pkgid=2822
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.