SOURCE: KleanGas Energy Technologies, Inc.
TAMPA, FL--(Marketwired - Dec 23, 2013) - Kleangas Energy Technologies, Inc. (OTCQB: KGET) announces that the Company has completed the acquisition of Green Day Technologies, Inc. The operational aspects of the acquisition are complete. The mechanics of share exchange have been worked out and now have to be implemented which should be finalized by the end of January 2014. Green Day Technologies, Inc., has under contract a major acquisition of a company that has an EBITDA of over $1,000,000 a year and several proposals for Bio Mass pellets contract in place with expectations of closing several of them in the beginning of 2014.
The Company CEO Bo Linton stated, "With the Green Day Technologies, Inc., acquisition complete and with their pending acquisition of an operating company with an EBITDA of $1,000,000, 2014 should be a great year for KGET."
"Also with the pending Bio Mass pellet contracts all we have to do is finalize one of those contracts" continued Mr. Linton, "and KGET can expect to see up to a 50% growth in revenue and an increase of at least 20% growth in gross profit."
KleanGas Energy Technologies is a research and development company dedicated to producing alternative clean technologies that promote energy efficiency throughout a wide range of applications. KleanGas designs, develops and markets various technologies including Oxy-Hydrogen on-demand generators, Reverse Fuel Cells, solar to Hydrogen, Welding, Cutting and other products to deliver a clean gas that provides energy savings, emissions reductions, on diesel, natural gas applications or fuel cells. All of our products are designed to assist companies in reducing operational costs, providing a competitive advantage and increasing our customer's profitability. Green Day Technologies Inc.: has licensed patented waste heat to electric power generation technology and is works as a co-generator when installed on a primary electrical generator unit and 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 is an alternative to coal burning to produce electricity
Safe Harbor Statement:
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.