SOURCE: EcoPlus, Inc.

September 05, 2007 09:00 ET

EcoPlus Sees Significant Opportunities in New Renewable Portfolio Standards

North Carolina Joins the Stampede to REPS

CHARLOTTE, NC--(Marketwire - September 5, 2007) - EcoPlus, Inc. (PINKSHEETS: ECPL) notes that in August, North Carolina signed into law a Renewable Energy and Energy Efficiency Portfolio Standard, or REPS, requiring investor owned utilities in North Carolina to supply 12.5% of 2020 retail electricity sales within the state from specific renewable or alternative sources by the year 2021. Other power suppliers such as cooperatives or public utilities must meet a 10% standard in 2018 under somewhat different criteria.

Ralph Rogers, CEO of EcoPlus, commented, "The REPS demand for alternative energy is now a voluntary compliance standard or is mandated by law in twenty-four states and the District of Columbia. Our fuel product and conversion process appear to be on course to intersect the significant demand for REPS driven alternative, renewable fuels. The impact on our corporate growth nationally should be substantial."

Dr. Robert Rubin, NCSU professor emeritus and a member of the EcoPlus Board of Advisors, noted that, "EcoPlus has been in discussions with a number of utilities in the Southeast regarding large scale test burns of the alternative fuel product derived from its restaurant waste processing." Rubin added, "The fuel product from the EcoPlus process can indeed contribute significantly to the alternative fuel matrix required to comply with the REPS. The EcoPlus fuel is deemed a renewable biomass derived product as well as an ignitable residue and should be an ideal resource to meet any REPS program needs."

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

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