CHARLOTTE, N.C., Oct. 23, 2006 (PRIMEZONE) -- EcoPlus, Inc. (Pink Sheets:ECPL) has signed a Letter of Intent with Alliance Development Group. EcoPlus anticipates completing a final agreement by December 31. Alliance expects that full or partial completion of five plants by the end of 2007 should be attainable.
Bill Burk, President of Alliance Development Group said, "The goal of five plants completed or under our development function by the end of 2007 is aggressive but achievable, especially through our exclusive relationship with a worldwide leader in construction management, which gives EcoPlus a highly accelerated build-out potential."
Ralph Rogers, President of EcoPlus replied, "As we stated when we began discussions with Alliance, the relationship could be an important factor in our plans for national distribution of our technology. As proof, Alliance has made introductions to municipal representatives even prior to a formal agreement, and those introductions could lead to multiple municipal technology license purchases. The goals Alliance has set for development and rollout of our technology will push 2007 projected revenues higher than expected."
ECPL (www.ecoplusinc.com) has a patent-pending, commercially proven technology that utilizes an environmentally friendly process for turning this brown restaurant grease 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. This option to capture BTUs for energy that are normally wasted is highly attractive in the tight energy environment of today.
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.
Alliance Development Group, a privately held corporation headquartered in Charlotte, North Carolina, delivers 100% turnkey facilities under Build-to-Suit and Sale Leaseback programs unparalleled in the industry, allowing its clients to expand their locations at a much faster pace. Through an exclusive relationship to provide construction management, Alliance clients receive the best value backed by an exemplary reputation in the marketplace. More information is available on the Alliance website: www.goadg.com, or by calling its President, Mr. William Burk at 704-973-2950.