SOURCE: KleanGas Energy Technologies, Inc.
TAMPA, FL--(Marketwired - Mar 6, 2014) - Kleangas Energy Technologies, Inc. (OTCQB: KGET) is pleased to announce a distribution/broker agreement has been entered into with Commerg B.V., of The Netherlands. This is the first step for KGET to expand pellet sales and distribution to the european market. Many Customers have already been identified and pellet sales to this market should begin shortly.
Commerg will act mainly as an introducing agent and broker between Kleangas Energy and the end users in Europe. Commerg Will receive a set fee for any transactions that originate from an introduction made by them. The Pricing for pellets in the European market are much more favorable for Kleangas Energy. There is more of a shortage for pellets in the European market than other markets around the world and the demand for pellets are very strong in Europe. Purchase price for the end users in Europe are typically 50% to 100% higher than other markets.
Bo Linton, CEO of Kleangas Technologies, Inc., stated, "This is a very strong market for the use of pellets. We are making every effort to gain a strong hold for the sale and distribution of pellets to the customers of this region. We are also in the final testing of our hemp pellets and all indications so far point to these hemp pellets as the most viable source moving forward."
Kleangas Energy Technologies is a company dedicated to producing alternative clean technologies and products that promote energy efficiency throughout a wide range of applications. Kleangas private labels and markets Oxy-Hydrogen on-demand generators and through its wholly owned subsidiaries sells wood pellets as an alternative to coal and a waste heat to electricity patented technology. Green Day Technologies Inc. has licensed patented waste heat to electric power generation technology and works as a co-generator when installed on a primary electrical generator unit. It is also powerful enough to serve as a primary energy source. Green Day also has pending contracts to sell refuse and biomass derived pellets, which are alternatives to producing electricity instead of the traditional method of burning coal.
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Safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as Kleangas or KGET or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.