SOURCE: EcoPlus, Inc.

October 03, 2007 09:00 ET

EcoPlus Attracts Investor Syndicate for Private-Side Development

South Carolina Lines Up as Target for EcoPlus Alternative Fuel Technology

CHARLOTTE, NC--(Marketwire - October 3, 2007) - EcoPlus, Inc. (PINKSHEETS: ECPL) announces negotiations with private investor syndicate to develop plant locations in South Carolina to process brown grease into an alternative fuel product. Up to five plants may be constructed under this development umbrella.

Phil Hicks, president of EcoPlus, noted, "We believe the syndicate is in advanced stages of raising capital for the projects. We would anticipate having completed the first contracts by year end 2007 with initial construction starting early 2008. This network of plants, when completed, could represent an excess of $14 million in revenues for EcoPlus over the life of the technology license agreements."

About EcoPlus, Inc.

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 is normally wasted is highly attractive in the tight energy environment of today.

More information on EcoPlus, Inc. is available on its corporate website: www.ecoplusinc.com

Forward-Looking Disclaimer

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.

Factors that may affect forward-looking statements and the Company's business generally include but are not limited to (i) the risk factors and cautionary statements made in the Company's NASD or SEC filings; and (ii) other factors that EcoPlus is currently unable to identify or quantify, but may exist in the future.

Forward-looking statements speak only as of the date the statement was made. EcoPlus does not undertake and specifically declines any obligation to update any forward-looking statements.

Contact Information

  • Contact:
    EcoPlus, Inc.
    Investor Relations
    Toll-free: 877-494-0064