ECPL - EcoPlus, Inc. and Converse and Co. Agree to Purchase Contract for Biofuel Sale

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EcoPlus, Inc. and Converse and Co. Agree to Purchase Contract for Biofuel Sales
EcoPlus Inc Common Stock (USOTC:ECPL)
Historical Stock Chart
3 Months : May 2010 to August 2010

EcoPlus, Inc. (PINKSHEETS: ECPL) announced today that it has executed a multi-year purchase contract with Converse and Co. of Spartanburg, South Carolina for the projected output of a to-be constructed biofuel plant in Berkeley County, South Carolina. The purchase contract is contingent on predelivery quality testing of the fuel by the end user and the successful conclusion to the funding process for the plant construction.

The technology utilizes an environmentally friendly process for turning brown trap grease from restaurant waste into a high-quality solid fuel that can be employed on a stand-alone basis or co-fired with other fuels or biofuels. The fuel can be used as a coal substitute in steam-powered electrical generating stations or for industrial heat over a broad range of applications in areas such as food processing and cement manufacturing.

Justin Converse, chairman and CEO of Converse and Co., issued a statement noting, "I am excited about the continued progress towards production, and we have several industrial and utility customers that are equally excited about a viable renewable solid fuel option to co-fire in their coal units. The customer requests for the material far exceed the projected production capacities of the Berkeley facility."

Converse and Co. is a full service coal brokerage that serves industrial and utility customers in the Southeast.

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.

For more information, visit www.ecoplusinc.com.

Contact:

EcoPlus, Inc.

Investor Relations

Toll-free: 877-494-0064


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