SOURCE: Raptor Technology Group, Inc.

March 09, 2011 16:00 ET

Raptor Fabrication and Equipment Signs $1.6 Million Contract to Manufacture 3.6 Million Gallon/Year Biodiesel Plant for Eco Ventures Group

GROVELAND, FL--(Marketwire - March 9, 2011) - Raptor Technology Group, Inc. (OTCBB: RAPT), who is in the process of acquiring Raptor Fabrication & Equipment, Inc. ("Raptor"), announced today that Raptor has signed a contract to manufacture a 3.6 million gallon per year clean biodiesel plant for Eco Ventures Group, Inc. of Groveland, Florida. The contract is valued at $1,600,000. Raptor will maintain an additional 15% interest in the net operations of the plant for operating the facility for Eco Ventures Group once it is completed. This plant is designed to be a model operation for Raptor for future sales and expansion.

 The facility will include a crushing line and extraction process for seeds and other oil producing crops and is not limited to the processing of strictly yellow grease. Raptor expects the plant to be producing fuel by mid April.

The new facility will utilize Raptor's flagship mid-sized production system that can utilize a variety of feedstock material to produce ASTM certified biodiesel. Production can be remotely monitored by Raptor to insure maximum efficiency and up-time. 

"Our contract with Eco Ventures Group is our third plant of 2011. This facility is important to Raptor because we will not only build the plant, but we will operate it for EVG in a profit sharing agreement," said Tom Gleason, President of Raptor.

About Raptor Technology Group, Inc.
Raptor Technology Group, Inc., has signed a "Plan of Merger Agreement" with Raptor Fabrication & Equipment, Inc. and anticipates the business combination to be completed shortly. Raptor Fabrication & Equipment, Inc., is a technology supplier that provides eco-friendly and green solutions to global issues. The company is committed to developing reliable fuel and energy alternatives by making them both dependable and economically appealing to the manufacturer as well as the consumer. Additional patent pending technology has also been developed to recover rare earth minerals from endless miles of mine tailings. This technology provides an eco-friendly means of recycling these mine tailings both economically and profitably.

Raptor Technology Group, Inc. has positioned itself to become a leader in the biofuel and mining industries with their advanced proprietary biofuel production technology and mineral recovery technologies. Their constant drive for eco-friendly business solutions and economically profitable business models will secure Raptor Technology Group, Inc. as a leader in alternative energy and remediation sectors.

Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: The statements in this release relating to completion of the acquisition of Raptor Fabrication & Equipment, Inc. by Raptor Technology Group, Inc. and the positive direction are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include, but are not limited to, contractual difficulties which may arise, the failure to obtain necessary approvals, the future market price of Raptor Technology Group, Inc. common stock, the ability to obtain the necessary financing and the failure of Raptor Technology Group, Inc. to complete the acquisition of Raptor Fabrication & Equipment, Inc.

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