TAMPA, FL--(Marketwired - May 29, 2014) - Kleangas Energy Technologies, Inc. (OTC Pink: KGET) (PINKSHEETS: KGET) is pleased to report today that the Company has signed a Letter of Intent to acquire Second Cycle Recycling.
Bo Linton CEO stated, "In our continued effort to grow the G-Pel brand we have issued an LOI to Second Cycle Recycling to purchase their operation in Indiana. SCR currently manufactures paper pellets for the pet market. They have research facilities that move the use of pellets forward in new, exciting, and innovative ways. Their research and production capabilities will enhance our continued growth into new markets in the pellet business. Upon completion of the definitive agreement and closing, the SCR facility will begin its expansion and move to a larger production facility with enormous onsite expansion possibilities. This is the element we needed to add to our business, designing our own innovative environmentally friendly pellet products as well as increased production capabilities, these are our keys to growth and success."
Mr. Linton will also address how the demand for pellets worldwide has benefited KGET on the Money TV show Friday, May 30.
For a further update please see Bo Linton interview on MoneyTV, (www.moneytv.net).
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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's subsidiary G-PEL also has pending contracts to sell refuses 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.