GROVELAND, Fla., Feb. 8, 2012 /PRNewswire/ -- Eco Ventures
Group, Inc. (OTCBB: EVGI) announced today that it has a production
update regarding its Blanket Purchase Order from Agri Liquid
Products of Sandy Hook,
Mississippi. The purchase order agrees to purchase all of
EVGI's initial 3.6 million gallon per year production for 120 days
following the plants first fuel production. The purchase
order is for ASTM Fuel only and EVGI must now begin production by
April 1, 2012. EVGI is in the
process of completing its bio fuel production facility in
Groveland,
Florida. ASTM Fuel is currently selling at an average
price of $3.35 per gallon. At
current market prices, the purchase order is valued at
approximately $12 million
dollars.
"This is an important purchase order for EVGI and we expect
production to begin in early Q2. This confirms our commitment
to the bio fuel market and its continued expansion," said
Randall Lanham, CEO of Eco Ventures
Group.
About Eco Ventures Group, Inc.
Eco Ventures Group, Inc. ("EVGI") is a family of ecologically
friendly and economically sound businesses committed to providing
for society's minerals, energy and renewable resource needs.
EVGI concentrates on two core business activities. EVGI's
Eco Minerals Recovery Group specializes in the extraction of
precious metals from ore bodies and reclaimed mine tailings and Eco
Energy Group will focus on the production of advanced biodiesel
from recovered cooking oils and oil rich plants.
Safe Harbor statement under the Private Securities Litigation
Reform Act of 1995: EVGI encourages those interested in our Company
to rely only on information included in our filings with the
United States Securities and Exchange Commission which can be found
at www.sec.gov. Statements released by Eco Ventures Group, Inc.
that are not purely historical are forward-looking within the
meaning of the "Safe Harbor" provisions of the Private Securities
Litigation Reform Act of 1995, including statements regarding the
company's expectations, hopes, intentions, and strategies for the
future. Investors are cautioned that forward-looking statements
involve risk and uncertainties that may affect the company's
business prospects and performance. The company's actual results
could differ materially from those in such forward-looking
statements. Risk factors include but are not limited to general
economic, competitive, governmental, and technological factors as
discussed in the company's filings with the SEC on Forms 10-K,
10-Q, and 8-K. The company does not undertake any responsibility to
update the forward-looking statements contained in this
release.
Contact
Eco Ventures Group, Inc.
Investor Relations
7432 E. Highway 50, Suite 101
Groveland FL 34736
Phone: (352) 557-4830
Website: www.ecoventuresgroup.com
Email: info@ecoventuresgroup.com
SOURCE Eco Ventures Group, Inc.