CHARLOTTE, N.C., Oct. 11, 2006 (PRIMEZONE) -- EcoPlus, Inc. (Pink Sheets:ECPL) has released its five year financial projections. According to these, EcoPlus revenues from its patent pending technology will climb from $3.47 million by the end of 2007 to $25.43 million annually by the end of 2011. In the same period, pretax profit will grow from $1.33 million to $21.26 million. The extraordinary margins are due to the stream of ongoing user fees that flow to the company from the technology licensing agreements.
William Dougherty, Chairman of EcoPlus, said, "Our products are fully developed and our ability to execute on financing and construction continue to move ahead rapidly. Interest in our technology from the public sector has been high, with solid inquiries from the private sectors emerging."
ECPL (www.ecoplusinc.com) has a patent-pending, commercially proven 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.