SOURCE: EcoPlus, Inc.

March 17, 2008 14:12 ET

EcoPlus, Inc. Engages Investment Advisor and Looks to a Listing on the AIM in London

CHARLOTTE, NC--(Marketwire - March 17, 2008) - EcoPlus, Inc. (PINKSHEETS: ECPL) announced effective March 14, 2008, EcoPlus has retained the financial advisory services of Telesto LLC, a US-based consulting firm that in coordination with Bridge Capital Associates, member FINRA \ SIPC, arranges financing for promising, high growth environmental companies. Telesto LLC is assisting the company with two capital offerings. The first is a private capital raise of $6 million, the proceeds of which will be used to acquire the assets of EcoPlus' licensee, Ecosolve and to construct a new processing plant. Additionally, Telesto LLC is assisting the company with its preparation for a public listing of securities on the Alternative Investment Market (AIM), of the London Stock Exchange.

During its six years of existence, Telesto's clients have acquired over $165 million of private financing and it has advised clients in mergers, acquisitions and divestitures exceeding $300 million in value. Telesto LLC is led by Nicole Kaplan, a securities representative with over 10 years experience in New York with bulge bracket investment banks including Lehman Brothers and Dillon Read (now UBS.)

Phil Hicks, President and CEO of EcoPlus, stated, "We are fortunate to have been able to engage Telesto and Ms. Kaplan with respect to assisting us in our capital offerings, Telesto brings a spectrum of experience and council to the company that should serve us well in the long term." Mr. Hicks added, "We recognize our ambition for an AIM listing is not a casual undertaking, but we are excited about the direction this takes us and we feel it will serve the company and it shareholders well, in the long term."

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

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