Alliance Recovery (PK) (USOTC:ARVY)
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Alliance Recovery Corporation (“Alliance”)
(OTCBB:ARVY) announced today that a major milestone has been
reached in connection with their planned construction of a “waste-to-energy”
showcase installation. This achievement is the result of the completion
of screening and selection of an experienced and knowledgeable team of
engineers, scientists and fabricators that will construct the “waste-to-energy”
showcase facility. Having now completed this process, the Company is
well positioned to proceed with specific project development activities
pertaining to the “waste-to-energy”
showcase installation immediately following the close of the project
funding.
Resource International Ltd. (“Resource”)
located in Ashland, Virginia, will provide the overall project
management for the complete development and construction of the initial “waste-to-energy”
showcase installation. Resource’s engineers
and scientists have been serving the government and private sector since
1979, throughout the continental United States, Mexico and the
Caribbean. Michael E. Fiore, P.E., President of Resource International
Ltd. will head up the Project Management effort. In addition to Resource’s
engineers and scientists, the engineering team will also include Earl H.
Sigman, P.E., of Sigman Engineering Services located in Charlotte, North
Carolina.
From 1986 to 1994 at Joy Energy Systems located in Charlotte, North
Carolina, Earl Sigman was the Chief Design Engineer responsible for
mechanical and structural design of thermal process systems. Since 1995,
Sigman Engineering Services (“Sigman”)
has provided process and structural design and engineering services for
a diverse range of thermal processes and continues to provide
operator-training programs to meet state and federal regulatory
standards. Sigman’s engineers and process
control specialists will be involved in all aspects of the design and
fabrication drawings, equipment procurement, and installation of the
Alliance “waste-to-energy”
system and also will be responsible for operator training.
C&H Fabrication Services (“C&H”)
located in Catawba, South Carolina will augment the engineering team
with their 30 years of experience manufacturing waste management,
material handling and thermal processing systems. Their specific
capabilities include material selection, manufacturing and assembly,
refractory, hydraulics, pneumatics, electrical, installation, and
performance testing. Douglas S. Rishel will represent C&H.
About Alliance Recovery Corporation
We are a developmental stage company that plans to construct a showcase “waste-to-energy”
facility at one of several sites currently being investigated by
ourselves and our engineering team. Our waste to energy facility will
recover a fuel oil as a result of a thermal chemical process that
converts rubber waste including used or scrap tires, to oil.
Subsequently, the recovered oil is used to fuel large reciprocating
engines driving alternators making electricity. Recovering a fuel oil
from rubber waste will contribute to fossil fuel conservation efforts
and ultimately help reduce the consumption of America’s
energy resources. In addition to the sale of electricity generated from
the recovered fuel oil, several additional valuable bi-products produced
in the thermal chemical conversion process will also be sold into either
domestic or international markets. Our processing facilities can be
located, constructed and operated to meet the specific needs of the
community and operated in an environmentally friendly manner. For more
information on our company, please visit the website at www.AllianceRecoveryCorporation.com
Safe Harbor Statement
This press release contains statements that may constitute
forward-looking statements, including the company's ability to implement
its business plan and the future strength of the company's business and
industry. These statements are based on current expectations and
assumptions and involve a number of uncertainties and risks that could
cause actual results to differ materially from those currently expected.
For additional information about Alliance Recovery Corporation's future
business and financial results, refer to Alliance Recovery Corporation's
Annual Report on Form 10-KSB for the year ended December 31, 2006, which
was filed with the SEC on April 2, 2007, Alliance Recovery Corporation's
Q3 2006 Report filed with the SEC on November 13, 2006. Alliance
Recovery Corporation undertakes no obligation to update any
forward-looking statement that may be made from time to time by or on
behalf of the company, whether as a result of new information, future
events or otherwise.