SOURCE: EcoPlus, Inc.

November 26, 2007 10:50 ET

EcoPlus, Inc. Announces Negotiations Complete

EcoPlus West, LLC Is Established

CHARLOTTE, NC--(Marketwire - November 26, 2007) - EcoPlus, Inc. (PINKSHEETS: ECPL) has been in negotiations with affiliates to develop the western U.S. and the Pacific Rim, as previously announced on Oct. 09, 2007. These negotiations are complete and have produced a majority owned joint venture, EcoPlus West, LLC. This joint venture between EcoPlus, Inc. and Zev E. Kaplan (President) and Aloysius Poh (Director) establishes EcoPlus West, LLC as a subsidiary of EcoPlus, Inc. in the following areas: California, Nevada, Arizona, Washington (state), Oregon, Australia, Tasmania, New Zealand, Malaysia, China (Hong Kong) and Macau.

Zev Kaplan is currently General Counsel to Cash Systems, Inc., a publicly traded company in the financial services business, a position he has held since March of 2005. Mr. Kaplan has also been a member of the Board of Directors of Homeland Security Capital Corporation, a publicly traded company, since January 2006. From April 1995 to the present, he has been General Counsel to the Regional Transportation Commission of Southern Nevada. In addition he has had a major role in the planning and financing of numerous major public infrastructure projects in Las Vegas. Prior to starting his law firm, he spent fifteen years in government service: Senior Deputy D.A. with the Clark County District Attorney's Office-Civil Division; General Counsel to the Nevada Public Service Commission; and Staff Attorney to the U.S. Senate Committee on Commerce, Science and Transportation. Mr. Kaplan received his J.D. from Southwestern University School of Law and attended Georgetown University for post-graduate legal studies; a MBA from the University of Nevada, Las Vegas; and a B.S. from the Smith School of Business at the University of Maryland.

Aloysius Poh has 30 years of international experience with several multinational companies such as Caterpillar, Ingersoll-Rand, Marley Cooling Tower Company and United Dominion Industries. He has held several Directorship positions for the Companies in China, Singapore, Malaysia and Australia. He was with Ingersoll-Rand Company for 18 years and held the position of Vice President, Asia Pacific Operations. He served for a few years as Vice President International for Marley Pumps Company, covering all countries outside USA and Canada. Before taking his early retirement in late 2001 and becoming a Consultant, he was the President, Asia Pacific operations for United Dominion Industries.

"We at EcoPlus are excited to have EcoPlus West, LLC as our Subsidiary in the areas outlined above. With the background and experience of Zev Kaplan and Aloysius Poh, we are expecting rapid expansion in the western United Sates as well as the Asian and Australasian markets. We are confident that this joint venture will add to the profitability of EcoPlus, Inc. in the coming months and years," concluded Phil Hicks, President of EcoPlus, Inc.

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