Recent Articles
July 2008
15 July 2008 - South Carolina County
Council Agrees to Negotiate with EcoPlus for Siting of Waste to
Energy Facility
Company Intends to Maximize Use of Federal Grant and Loan Programs
EcoPlus, Inc. (Pink Sheets ECPL) announced today that is has
received formal documentation of a unanimous resolution by the
Berkeley County, South Carolina, County Council voted upon on June
28, 2008, “…authorizing the Berkley County Water and Sewer Authority
to negotiate with EcoPlus, Inc. for the location of a
Recycling/Waste to Energy Facility.” The body of the resolution is
as follows.
WHEREAS, Berkeley County Water and Sewer Authority (the "Authority")
receives large quantities of fats, oils and greases ("FOG") from
various haulers unloading from the restaurants of the Trident area;
and
WHEREAS, the FOG results in significant additional cost and expense
to the operation of the sewer and treatment facilities operated by
the Authority; and
WHEREAS, EcoPlus, Inc. ("Eco") has developed a process by which it
can receive the FOG from the haulers and convert the FOG into a
solid containing significant energy for the generation of power from
recycled materials; and
WHEREAS, Eco believes that (i) it qualifies for federally sponsored
renewable fuels programs and (ii) it can relieve the Authority from
a substantial burden of the treatment and processing of FOG; and
WHEREAS, the Authority and Eco are interested in pursuing the
location of the recycling facility for FOG adjacent to existing
treatment facilities of the Authority and to that end seek to enter
into a letter of intent (the "LOI"') (i) to allow Eco and the
Authority to negotiate either a long term ground lease or the
purchase of land from the Authority and (ii) to allow Eco to enter
upon the land and perform environmental assessment, geotechnical
assessment, wetlands survey and similar due diligence.
NOW, THEREFORE, the Authority is hereby authorized to enter into the
LOI with Eco for the purpose of determining the suitability of the
lands for a FOG recycling facility on property owned by and adjacent
to existing facilities of the Authority. PROVIDED, the Authority is
not authorized to enter into any agreement for the sale or ground
lease of such land without further permission of the Berkeley County
Council.
Phil Hicks, President of EcoPlus. Inc., noted that, “Our patented
technology for FOG conversion is unique and gaining profile, due to
its ability to produce a high quality fuel. Should the siting phase
and follow-on evaluations result in completion of a facility,
EcoPlus intends to be owner-operator.” Hicks continued by noting
that “This project is within the footprint of the greater
Charleston, South Carolina, area, and provides substantial
opportunity for biofuel production and for increasing shareholder
value for EcoPlus. We look forward to working with Berkeley County
on the upcoming LOI and potential processing facility siting.”
Forward-Looking Disclaimer
Statements regarding financial matters in this press release other
than historical facts are "forward-looking statements" within the
meaning of section 27A of the Securities Act of 1933, Section 21E of
the Securities Exchange Act of 1934, and as that term is defined in
the Private Securities Litigation Reform Act of 1995. The company
intends that such proclamations about the Company's future
expectations, including future revenues and earnings, technology
effectiveness and all other forward-looking statements be subject to
the safe harbors created thereby. EcoPlus, Inc. is a development
stage company that depends on outside resources to maintain its
continuation. Since these statements involve risks and uncertainties
and are subject to change at any time, the Company's actual results
may differ materially from expected results.
Factors that may affect forward-looking statements and the Company's
business generally include but are not limited to (i) the risk
factors and cautionary statements made in the Company's NASD or SEC
filings; and (ii) other factors that EcoPlus is currently unable to
identify or quantify, but may exist in the future.
Forward-looking statements speak only as of the date the statement
was made. EcoPlus does not undertake and specifically declines any
obligation to update any forward-looking statements.
Contact:
EcoPlus, Inc.
Investor Relations
Toll-free: 877-494-0064
September 2007 WallSt.net
Interview with Chief Operating Officer of EcoPlus, Inc. More>>
March 2007
"FOG and Our Nation's Sewer System" published in
Water and Wastes
Digest
February 2007
"The New Alchemy:
Chemical Process changes brown grease glut into energy
resource"
published in
Water & Wastewater Products
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