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ENCS Encore Energy Systems Inc (CE)

0.000001
0.00 (0.00%)
17 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Encore Energy Systems Inc (CE) USOTC:ENCS OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.000001 0.00 01:00:00

Encore Energy Systems to Acquire Geo Green Fuels Gonzales Biodiesel Production Plant With 3 Million Gallon per Year Capacity

17/03/2009 4:53pm

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Encore Energy Systems (CE) (USOTC:ENCS)
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Encore Energy Systems (PINKSHEETS: ENCS) announced today it has executed a Letter of Intent to acquire Geo Green Fuels Gonzales, LLC biodiesel production facility located in Texas.

The Company is completing its due-diligence and believes transaction funding is available. Transaction Disclosure information will be timely published pursuant to paragraphs (a) (5) (i) to (xiv), inclusive, and paragraph (a)(5)(xvi) of Rule 240.15c2-11.

The facility is expected to generate approximately $8,500,000 in revenue per year. The facility is capable of producing 3 million gallons of biodiesel per year and is on 15 acres strategically located adjacent to railways for fuel distribution. The facility has multi-feedstock technology allowing high-throughput fuel production and ability to meet scaling demand.

In preparation for this acquisition and subsequent acquisitions the Company entered into an agreement with Zenergy International, Inc. to provide biofuel plant management services and feedstock allocation.

This acquisition and similar facilities is a significant initial milestone in the Company's operations and represents a major component of its 2009 growth plan. The Company intends to aggressively acquire additional biodiesel production plants. The Company believes the consolidation of underutilized and distressed biodiesel assets will position the company as a premier producer and distributor of biodiesel nationwide.

The Company will update stockholders on the following:

--  Additional acquisitions of biodiesel facilities and industry joint-
    ventures.

--  Published financial reports to be timely released.  Guidance on 2008
    performance will be released before publication of reports.

--  2009 asset and revenue projections and growth through the company's
    planned acquisitions.

--  Distribution agreements for biodiesel and feedstocks.

--  Details on the Company's Combined Heat and Power generation programs
    (CHP).

--  Partnerships and Executive Management agreements for the Company's
    business development and marketing programs.

--  New web sites, corporate image, and published business plans.
    

About Encore Energy and BioConversions

ENCS is an international aggregator biodiesel reactor technology, fuel distribution, production systems and fuel production facilities.

The Company also owns the patents for the use of grey-water, and domestic water in heat exchanger systems. They also provide all forms of conventional geothermal heat exchange systems. See our video at http://www.encoreenergyinc.com. The Company licenses its patented technology to other energy-related businesses.

Safe-Harbor Statement

This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties. The company's web-site version of this press release contains various RISK FACTORS (and are incorporated herein by reference) and should be read before any investment decision.

Investor Relations: Contact: Encore Energy Systems, Inc. Email Contact 1.662.253.5766

1 Year Encore Energy Systems (CE) Chart

1 Year Encore Energy Systems (CE) Chart

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1 Month Encore Energy Systems (CE) Chart