SOURCE: EcoPlus, Inc.

May 15, 2007 10:15 ET

EcoPlus Retains Engineering Firm for Updates on EcoPlus System

Increased Interest Seen to Update Costs, Delivery Estimates and to Add Features

CHARLOTTE, NC -- (MARKET WIRE) -- May 15, 2007 -- EcoPlus, Inc. (PINKSHEETS: ECPL) announced today that it has contracted with O'Neal, Inc. of Greenville, South Carolina to perform a review of the systems associated with the EcoPlus Technology for converting restaurant waste to alternative fuel. O'Neal will add control features to the package and modify the system for higher throughputs and improved materials handling, especially for truck offloading, and will provide related piping and instrumentation diagrams.

Ralph Rogers, President of EcoPlus, Inc., notes, "A review of costs and delivery schedules are important given the rise in energy and the demand for raw materials for equipment fabrication. Additionally, discussions with potential purchasers have identified certain digital system configurations that will provide improved control over the process. We feel that the collaboration with O'Neal will yield significant benefits, and we have been impressed with their staff and their commitment to our project." Rogers continued, "We do not take this step lightly, as it involves significant commitment of time and cash. We do, however, feel that the timing is correct, given the profile we have achieved with our technology and the interest from potential clients."

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