Business News

South Carolina County Council Agrees to Negotiate With EcoPlus for Siting of Waste to Energy Facility


EcoPlus, Inc.

2008-07-15 10:50:00

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

CHARLOTTE, NC–(EMWNews – July 15, 2008) – EcoPlus, Inc. (PINKSHEETS: 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;


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.

EcoPlus, Inc.
Investor Relations
Toll-free: 877-494-0064

free cash grants, free grant money, free money, cash grants, scholarships, business grants, foundation grants, government grants, debt grants, consolidation, college tuition, financial aid, medical grants, personal grants, medical bills, unsecured loans, no interest loans, financing, loans, capital, non profit organizations

Major Newsire & Press Release Distribution with Basic Starting at only $19 and Complete OTCBB / Financial Distribution only $89

Get Unlimited Organic Website Traffic to your Website now offers Organic Lead Generation & Traffic Solutions

Senny Lorry

My great passion is bringing healing to people who have been through a traumatic/stressful experience. I help my clients, who include children, adults and families, to find healthy perceptions of themselves and strengthen their relationships so they can know themselves as peaceful, complete, whole and safe. Senny is our CrowdFunding Specialist

Related Articles

Back to top button