ecoTECH Energy Group, Inc.
OTC Bulletin Board : ECTH

May 09, 2011 14:01 ET

ecoTECH Energy Group, Inc. Signs MOU to Purchase Thompson River Power Facility in Montana

SEATTLE, WASHINGTON--(Marketwire - May 9, 2011) - ecoTech Energy Group, Inc. (OTCBB:ECTH), headquartered in Seattle, WA, is pleased to announce that it has entered into an Memorandum of Understanding with Wayzata Investment Partners, LLC of Wayzata, MN to purchase their existing Thompson River Power Plant in Thompson Falls, Montana. The purchase agreement is for 100% of the equity interest in the power plant. ecoTech will disclose full details of the transaction after the closing and is currently completing its due diligence which includes an engineering and facility inspection for conversion to the ecoTech combustion system.

About ecoTech Energy Group, Inc.

ecoTECH Energy Group, Inc. is a development-stage renewable energy company which plans to manufacture biomass-fueled power stations that produce renewable and sustainable "green" energy products. ecoTECH specializes in the development and operations of thermal, 24/7, "firm" electricity supply from "zero-carbon-footprint" power stations which utilize proprietary ecoTECH technologies that have been continuously improved and refined over the past 30 years. ecoTECH intends to build five Combined Heat and Power Stations across North America during the next five to seven years. More information about the Company may be found at www.ecotechenergygroup.com.

Notice regarding forward-looking statements

This press release contains forward-looking statements that may be subject to various risks and uncertainties. Such forward-looking statements are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and may include statements regarding our future financial performance or results of operations, including expected revenue growth. Unless otherwise required by law, we undertake no obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events or otherwise after the date of this press release. Additional information concerning risks and uncertainties that would cause actual results to differ materially from those projected or suggested in the forward-looking statements can be found in the reports that we have filed with the Securities and Exchange Commission.

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