SOURCE: EcoPlus, Inc.

April 04, 2007 08:30 ET

EcoPlus, Inc. Creates Development Subsidiary

Unit Sees Strong Profit Opportunities in Private Enterprise Operations

CHARLOTTE, NC -- (MARKET WIRE) -- April 4, 2007 -- EcoPlus, Inc. (PINKSHEETS: ECPL) announced today that it has formed a wholly owned subsidiary, EcoPlus Development, LLC, to facilitate deployment of EcoPlus FOG collection and processing systems across the United States. The subsidiary will be headed by Phillip Hicks, a Charlotte, North Carolina businessman.

Ralph Rogers, president of EcoPlus, noted, "The formation of this unit will enable EcoPlus to capitalize on emerging opportunities for marketing turnkey facilities that will be owned and operated by private investor syndicates. We are especially pleased that Phil Hicks has joined the company to manage this unit, as his talent and insight as a successful entrepreneur adds a significant dimension to our management team."

Rogers added, "EcoPlus will receive its licensing fees, technology user fees, management and administrative support fees from the syndicates. Importantly, this is a wider cast of our marketing net, and we are maintaining a strong marketing presence in the arena of publicly operated waste treatment agencies, and county and municipal governments."

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.
    Bill Scherffius
    Chief Operating Officer
    704-494-0064
    Toll-free: 877-494-0064