SOURCE: Raptor Technology Group, Inc.

February 17, 2011 18:30 ET

Raptor Subsidiary D&D Mining Signs Contract With Eco Ventures Group to Commercialize Its Proprietary Mineral Recovery Technology

GROVELAND, FL--(Marketwire - February 17, 2011) - Raptor Technology Group, Inc. (OTCBB: RAPT), who is in the process of acquiring Raptor Fabrication & Equipment, Inc. ("Raptor") through its subsidiary D&D Mining LLC., has signed a contract with Eco Ventures Group, Inc. ("EVG") to commercialize Raptor's mineral recovery technology. Under the terms of the agreement, EVG will provide funding, management and business development services to construct and operate a 10,000 ton per year mineral recovery facility using Raptor's proprietary, patent pending recovery process.

Raptor's D&D Mining subsidiary has developed advanced chromatography and a combination of innovative separation technologies that allow for the recovery of precious and rare earth metals that were previously too expensive to remove from mine tailings. The recovery process targets gold, platinum, palladium, rhodium and other rare earth oxides.

Eco Ventures Group and Raptor will begin assembly of the mineral recovery facility in a newly leased 21,000 square foot building in Groveland, Florida and expects the plant to be operational within 90 days of construction. EVG and Raptor will work together to develop a scalable, commercialized platform for this unique technology.

The agreement with EVG will allow Raptor to increase its current production rate of 2,000 tons yearly to 10,000 tons per year upon the completion of the plant. As previously announced, Raptor signed a long term contract with Washoe Custom Processing LLC. Over the last 30 days, Washoe Custom Processing LLC has delivered over 100 tons to Raptor's Groveland facility. The first 20 tons of ore processed recovered an estimated value of $25,000 per ton. The agreement with EVG will also allow Raptor to expedite its contract with Washoe Custom Processing LLC while developing other potential relationships with similar mining projects.

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.

Contact Information