CHARLOTTE, N.C., Nov. 28, 2006 (PRIME NEWSWIRE) -- EcoPlus, Inc. (Pink Sheets:ECPL) is closely watching the impact of mid-term elections on the alternative fuels environment. The conclusion, to date, is that upside potential is significant.
For example, on the Senate Committee of the Environment and Public Works, Oklahoma Sen. James Inhoff, famous for his anti-global warming stance, will be replaced by Sen. Barbara Boxer of California. Boxer takes the impact of climate change seriously; thus we expect bills favoring development of alternative energy and green fuels.
In the lower house, the Committee on Energy and Commerce will be chaired by Representative John Dingle of Michigan. During a television interview following this November 7th elections, Dingle indicated his interest in federally mandated Renewable Portfolio Standards (RPS) mimicking those of the sixteen state level RPS found across the country. A Renewable Portfolio Standard (RPS) is a policy that obligates a retail electricity supplier to include renewable resources in its electricity generation portfolio. Importantly for EcoPlus, the RPS states include some type of biomass as a qualifying renewable energy technology.
Ralph Rogers, president of EcoPlus noted, "Alternative energy products, including the biomass from our patent pending technology, are finding increasing acceptance, and utilization through a federal Renewable Energy Standards system seems likely. When this is the case, the positive impact on growth will result in significant value for EcoPlus shareholders."
ECPL (www.ecoplusinc.com) has a patent-pending, commercially proven technology that utilizes an environmentally friendly process for turning brown grease restaurant 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-to-energy and steam plant operations and as a fuel for industrial process heat over a broad range of applications. The 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.