SOURCE: EcoPlus, Inc.

EcoPlus, Inc.

March 16, 2010 10:14 ET

EcoPlus, Inc. and South Carolina County Complete Agreement for Construction of Processing Facility for Biofuel

Plant Will Employ Patented Technologies of EcoPlus, Inc.

CHARLOTTE, NC--(Marketwire - March 16, 2010) - EcoPlus, Inc. (PINKSHEETS: ECPL) today announced that on January 13, 2010, EcoPlus, Inc. and Berkeley County, South Carolina entered into an agreement for the development of a brown grease processing facility to be situated in Berkeley County, South Carolina. The plant will convert brown grease restaurant waste into a solid fuel product.

Under the agreement it is the intent of EcoPlus to construct a company-owned and -operated conversion facility costing in excess of $4 million. As an incentive for construction of the facility, Berkeley County's Water and Sanitation has agreed to provide a five acre site to host the plant. Upon commissioning of the plant, Berkley County Water and Sanitation will cease to accept brown grease for treatment. The company anticipates construction to be completed in 2010, and the company is actively working to complete financing arrangements for the facility. The plant will employ the patented technologies controlled by EcoPlus for creation of the biofuel product.

Phil Hicks, President of EcoPlus, Inc., stated that, "Our patented technology for conversion of brown grease is unique and gaining profile, due to its ability to produce a high-quality fuel." Hicks continued by noting, "This company-owned project is within the footprint of the greater Charleston, South Carolina area, and provides substantial opportunity for biofuel production and for increasing shareholder value. We look forward to working with Berkeley County on this project."

EcoPlus controls a patented, commercially proven technology that utilizes an environmentally friendly process for turning brown grease restaurant waste into a high-quality, solid fuel that can be employed on a stand alone basis, or co-fired with other fuels or biofuels. This fuel can be used as a coal substitute in steam powered electrical generating stations to help meet increasingly common and ambitious state regulations demanding alternative fuel utilization, or for industrial heat over a broad range of applications in areas such as food processing, or manufacturing, such as cement manufacturing, where green fuels for corporate green initiatives are in demand.

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 construction timing, 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