EcoloCap Positive Results in Chile Lead to Agreement
March 22 2012 - 8:30AM
Marketwired
EcoloCap Solutions Inc. (OTCBB:ECOS). EcoloCap is in a standstill
period with Fuel Emulsions International, Inc. (FEI) of Miami, FL
until March 31, 2012. Under the proposed agreement, FEI is
committed to purchase, own and operate all or most of EcoloCap's
manufactured processing equipment and additive for the production
of M-Fuel and other specialty emulsion fuels.
The proposed agreement has been in negotiation for the last
three months and follows the successful testing of M-Fuel
production by Energy Partners Chile (EPC), which shared its
positive results with FEI.
EcoloCap's M-Fuel is the result of years of research and
development. It has been an uphill battle for the market to
recognize that the breakthrough technology can reduce diesel fuel
consumption by up to 30% and particulate emissions up to 98%. In
these times of $100/barrel oil, ECOS is fast gaining recognition
and attracting the attention of leading users of heavy oils. The
proposal ECOS has received is a testimonial to that
recognition.
The EcoloCap NPU line of equipment uses Nano Technology to
produce M-Fuel an emulsification of typically 70% Diesel, Kerosene
or other Heavy Fuel Oils, 28% water and 2% of an EcoloCap
proprietary additive. Independent tests have indicated a reduction
of particulate emissions of some 98% and NOX by 65% while producing
almost the same efficiency as the original unprocessed fuel. The
result is a reduction of up to 30% in the consumption of diesel
fuel and depending upon fuel prices, cost savings can reach
25%.
Michael Siegel, CEO of EcoloCap Solutions Inc. states: "First
and foremost, I want to thank our shareholders who have stood by us
over the past many months. Your faith in ECOS will not go
unrewarded. We at EcoloCap did not stand still. We have been
searching far and wide for the best partners to capitalize on our
game changing technology. "
About The Company: EcoloCap Solutions Inc. (OTCBB:ECOS) and its
associated company K-MBT Inc., are focused on technology companies
that utilize advanced nanotechnology to design, develop,
manufacture and sell alternative energy products.
http://www.EcoloCap.com.
Forward looking statement:
This press release may contain statements of a forward-looking
nature regarding future events. These statements are only
predictions, and actual events may differ materially. Please refer
to documents that EcoloCap Solutions Inc. files from time to time
with the Securities and Exchange Commission for a discussion of
certain factors that could cause actual results to differ materials
from those contained in the forward-looking statements.
Contacts: Investor Relations: Tel:
514-402-2538nada@capitalsituation.comInfo@EcoloCap.com