CHARLOTTE, N.C., Nov. 2, 2006 (PRIMEZONE) -- EcoPlus, Inc. (Pink Sheets:ECPL) signed a Letter of Intent with Alliance Development Group last month, with expected completion of the formal agreement by December 31. Alliance has stated that its goal is to have in process the construction of five plants by the end of 2007.
After demonstrating its extraordinary patent pending technology at the Water Environment Federation Technical Exhibition (WEFTEC) in Dallas, Texas, EcoPlus has commenced initial marketing to international waste treatment facilities.
Waste treatment of grease is a growing environmental concern, creating an enormous platform for EcoPlus in both the domestic and the international markets.
Bill Scherffius, COO of EcoPlus stated, "Through the relationship with Alliance Development Group and the significant amount of international interest, EcoPlus has seen opportunities that will accelerate our financial projections."
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.