SOURCE: EcoPlus, Inc.

EcoPlus, Inc.

March 22, 2010 12:20 ET

EcoPlus Announces Fuel Sales Representation Agreement

Converse and Company to Represent EcoPlus in Sales of Biofuel Product

CHARLOTTE, NC--(Marketwire - March 22, 2010) -  EcoPlus, Inc. (PINKSHEETS: ECPL) announced today that it has executed an exclusive agreement with Converse and Company of Spartanburg, South Carolina, to represent the Company in future sales of its biofuel product.

EcoPlus controls a patented, commercially proven technology that utilizes an environmentally friendly process for turning brown grease restaurant waste into a high-quality, solid fuel that can be employed on a stand alone basis, or co-fired with other fuels or biofuels. This fuel can be used as a coal substitute in steam powered electrical generating stations to help meet increasingly common and ambitious state regulations demanding alternative fuel utilization, or for industrial heat over a broad range of applications in areas such as food processing, or manufacturing, such as cement manufacturing, where green fuels for corporate green initiatives are in demand. 

Converse and Company (www.converseresources.com) is a full service coal broker serving a variety of industrial and electric power-producing facilities throughout the Southeast. Through relationships with utilities and private coal consumers, as well as transportation providers, Converse and Company is well positioned to provide an enhanced profile of the EcoPlus biofuel product to operators in need of such products to meet regulatory and strategic demand.

Phil Hicks, President of EcoPlus, stated, "In anticipation of, and in advance of, plant construction and fuel production, we considered it imperative to develop a marketing and brokerage relationship to explore fuel purchase options with fuel product consumers. Therefore, this is a significant step in completing the Company's business structure for full development of the EcoPlus technologies." Hicks continued by noting, "Converse and Company provides both creativity and decades of experience in marketing a spectrum of solid fuel products, and we feel that they will be a superb partner in assisting us to realize maximum value for our product, which is a high quality alternative fuel."

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