SOURCE: EcoPlus, Inc.

August 15, 2007 09:00 ET

EcoPlus, Inc. Announces the Appointment of Phillip J. Hicks as President

CHARLOTTE, NC--(Marketwire - August 15, 2007) - (PINKSHEETS: ECPL) EcoPlus, Inc. announced the appointment of Phillip J. Hicks as President and Director. Mr. Hicks joined the management team of EcoPlus, Inc. in early 2007.

Mr. Hicks enjoyed a twelve-year career with Owens Corning Fiberglas. During his tenure he was primarily involved in product distribution and exports and held various management positions. In 1980, he along with a partner established a building materials distribution company, Denver Distribution Inc. After growing the company to approximately $60 million in annual sales, the company was sold in 1998, as part of a rollup. Mr. Hicks retained the title of Executive Vice President of Operations for the new company (Service Partners, LLC) until October 2000. Since October of 2000, he has been President and equity owner of several companies. He has retained his ownership interests in these companies but has had no active role since joining EcoPlus, Inc.

Ralph Rogers, CEO of EcoPlus, stated, "We are pleased to have Phil join the Company and know that with his tremendous business expertise he will be a true asset to our management team."

"I am delighted to be joining EcoPlus, Inc. with its focus on alternative fuel technology and look forward to making a contribution to the company's long-term development goals," Hicks said.

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