SOURCE: EcoPlus, Inc.

January 15, 2008 09:30 ET

EcoPlus Year End Report

CHARLOTTE, NC--(Marketwire - January 15, 2008) - EcoPlus Inc. (PINKSHEETS: ECPL) -- As 2007 has come to a close, the management team at EcoPlus would like to report key areas of progress to its investors, partners and customers. The company made significant strides this year in several areas:

--  Developing relationships with multiple electric generating utilities
    for potential fuel purchase agreements.
--  Progress toward EcoPlus fuel's status as a certified renewable (green)
    fuel source.
--  In-depth investigation of potential sites for location of EcoPlus
    processing facilities.
--  Observing the five-year milestone for operation of the first
    licensee's operating facility in Charlotte, NC.
    

In addition to these developments, the market for renewable (green) fuel sources experienced a surge in interest this year. As of December 2007, 25 states have passed legislation providing incentives and/or requirements for the use of renewable fuels in the generation of electricity. The continued push toward renewable fuel use, and the ultimate goal of reducing carbon emissions, will continue to increase the value of carbon-neutral renewable resources such as EcoPlus fuel.

EcoPlus made significant strides in 2007 to reach its goal of locating commercial processing facilities in partnership with electric generating utilities, industrial facilities, and waste treatment authorities. Among these accomplishments:

--  EcoPlus fuel will be part of a test burn by a publicly owned electric
    utility early in 2008. This test burn is the second test burn of EcoPlus
    fuel at a coal-fired generating facility and represents the opportunity to
    confirm the suitability of this material as a co-fired, hi-BTU source with
    improved emission characteristics over fossil fuels.
    
--  The company developed relationships with multiple utilities over the
    course of 2007 and expects that these relationships will result in
    additional test burns in 2008. Test burns are a first step in developing
    fuel purchase agreements with utilities.
    
--  EcoPlus engaged in in-depth discussions with multiple public service
    authorities on opportunities to locate processing facilities in their
    service areas. Since the EcoPlus feedstock is a grease material difficult
    for treatment plants to process, the EcoPlus facilities will relieve these
    public service authorities of the need to accept this waste material that
    accounts for significant maintenance and operating costs. These discussions
    are being held in conjunction with development of potential fuel contracts
    at generating facilities located in proximity to the area under discussion.
    
--  EcoPlus continues to explore opportunities with industrial producers
    who use coal as a primary fuel source to provide EcoPlus fuel as a green
    alternative.
    

Looking Ahead -- 2008

With the progress made in 2007, EcoPlus enters 2008 with the expectation that fuel contracts, partnerships with waste treatment authorities, and the resulting establishment of processing facilities can become a reality. Bringing these elements together to create a commercial operating facility will require diligent effort on the part of EcoPlus, but the company believes that the heavy push toward using renewable resources provides an excellent opportunity to establish new commercial operations in 2008.

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

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