SOURCE: EcoPlus, Inc.

January 09, 2007 09:45 ET

EcoPlus, Inc. Offers Update on Pending Commitment to Develop the Company's Alternative Fuel Production Plants

CHARLOTTE, NC -- (MARKET WIRE) -- January 9, 2007 -- EcoPlus, Inc. (PINKSHEETS: ECPL) announced today that it has made progress towards completing an agreement with Alliance Development Group LLC for the purchase of license rights to the Company's patent-pending, commercially proven technology for turning brown grease restaurant refuse into a high quality, solid fuel product, as well as for the direct funding to build up to five fuel production plants in 2007. Closing of the agreement is expected to take place within the next 30 days. The Alliance agreement was first revealed in a reference to a signed Letter of Intent in a November 3, 2006 Wallstreetnewsalert.com Special News Alert, a press release which offered an investment opinion on EcoPlus.

Bill Burke, President of Alliance Development Group, released the following comment on the EcoPlus L.O.I., "Our focus on completing a $1 billion agreement with Houston University's General Hospital Systems has delayed the completion of our agreement with EcoPlus. We are now focused on completing arrangements with EcoPlus, and we maintain a very high interest in developing their fuel production technology."

Ralph Rogers, President of EcoPlus, noted, "Alternative energy technologies, including those for biomass as exemplified in our patent- pending system, are finding increasing acceptance and utilization in both the public and private sectors. We are enthusiastic about the positive impact our agreement with Alliance will have on our growth and on the value for our shareholders."

About EcoPlus, Inc.

EcoPlus, Inc. has developed a patent-pending, commercially proven technology that utilizes environmentally friendly procedures for turning brown or restaurant waste grease into economically viable products for the agricultural and energy sectors. The Company's technologies and packaged solutions are being marketed primarily to enterprise and municipal entities, including cities, counties and wastewater agencies -- especially those experiencing excessive FOG (fats, oils, grease) uptake into their wastewater channels, and those seeking to capture normally wasted BTUs for energy, as well as to private companies and investment groups seeking new alternative fuel technologies. The Company's high quality, solid fuel product is known as EcoFuel™. 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 utilized over a broad range of applications.

More information on EcoPlus, Inc. is available on its corporate website: www.ecoplusinc.com

Investors seeking further information on EcoPlus, Inc. are encouraged to call:

EcoPlus, Inc.
Tara R. Presson, Director of Investor Relations
704-494-0060

Equiti-trend Advisors LLC
800-953-3350 toll-free
858-436-3350 local or international

About Alliance Development Group, LLC

Alliance Development Group, a privately held limited liability corporation headquartered in Charlotte, North Carolina, delivers 100% turnkey facilities under Build-to-Suit and Sale Leaseback programs unparalleled in the industry, allowing its clients to expand their locations at a much faster pace. Through an exclusive relationship with Bovis Lend Lease to provide construction management, Alliance clients receive the best value backed by an exemplary reputation in the marketplace.

More information on Alliance Development Group is available on its website: www.goadg.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. Specific forward-looking statements contained in this press release include, but are not limited to the Company's (i) assertion that it has made progress and will complete an agreement with Alliance Development Group; (ii) belief that its agreement with Alliance will close within the next 30 days; and (iii) belief that this agreement with Alliance will have a positive impact on its growth and on shareholder value.

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 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:
    Equiti-trend Advisors LLC
    800-953-3350 toll-free
    858-436-3350 local or international