RVPL Announces Partnership with Intervisual Tech in Pursuit to Expand LINGS Green Schools Program with ECCO2 Tech
February 05 2013 - 8:06AM
RVPlus, Inc., (OTCQB:RVPL) holding company of ECCO2 Tech has
announced a partnership and letter of intent for a
merger-acquisition, in pursuit to deploy and expand LINGS, a
sustainable 'green' education program throughout Africa,
Micronesia, Asia, West Indies, and Latin America founded last year.
The projected sales revenue to be generated from the partnership
with Intervisual Technology are in the billions due to
eligible grants and debt financing from United Nations financial
aid partners, who are encouraging the new addition to the ECCO2
Civil Society Programme. RVPlus, Inc. currently holds over $24
million in accounts receivable from invoicing for products and
services rendered for active government contracts in Africa and
West Indies, displaying significant growth from the Company's
quarterly filing as of October 31, 2012, which shows $8.66 million
from accounts receivable and $297,117 deficit accumulated from
August 1, 2012 through October 31, 2012. The Company is in pending
negotiations with lenders and private investors who will provide
cash payments for the accounts receivable invoices. The Liberia
Institute for Global Studies (also known as LINGS) is a $750
million project to construct the first green campus in West Africa,
by and between ECCO2 Tech, ECCO2 Corp and West African federal
government parties. Intervisual Technology will provide the
educational products and services to LINGS physical and virtual
learning applications on a subscription basis to support
cost-effective learning for students in developing countries
lacking sufficient financial resources for more schools, teachers,
and regularly schedule classes. The overall objective is to provide
sustainable educational tools and resources to enhance social
development, women's rights, and further education on climate
change and energy efficiency solutions that will preserve our
agriculture, environment, and economy. RVPlus CEO, Cary Lee
Peterson comments, "This deal has been in talks and in works for
almost two years. There was much to negotiate and comprehend in the
development stages of this engagement but I think now is the
perfect opportunity to take our ideas into action to help educating
the youth that will be taking care of the planet thirty to forty
years from now, and generations to follow. Intervisual Tech offers
an economically viable solution to school systems and governments
that are growing fast and do not have the funding to hire more
teachers and build new schools to provide a moderate learning
environment for our children." RVPlus and Intervisual Technology
plans include a completed merger-acquisition by April 2013 and
launch of pilot LINGS projects within Guam, West Indies, Central
America, and West Africa by Summer/Fall season 2013 For more
details about RVPlus and ECCO2, go to http://www.ecco2tech.com.
The ECCO2 logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=14907
ABOUT INTERVISUAL TECHNOLOGY, INC. Intervisual Technology
("IVTI"), is an nationally accredited private school based in
Florida with a physical campus, American High School located in
Fort Lauderdale, engaging in educational services by physical and
virtual classes for grade levels 6 to 12, which offer cost
effective solutions to students and school districts globally. IVTI
has a current attendance of over 2,000 students that are located
within the continental US and Hawaii, in addition to international
programs operating in Africa and China. The company has projected
sales revenue of over $10 million for 2013 from local, state, and
federal contracts and is a women-owned business established in 2007
by founder and CEO, Dana Williams, inclusive to possessing several
high profile supporters and board advisors such as John Ellis "Jeb"
Bush, Jr., who have enabled the school to establish robust business
relationships and networks for investment and real estate
opportunities. For more detail about Intervisual
Technology, Inc., go to www.intervisualtechnology.com.
Forward-Looking Statements:
Statements which are not historical facts contained in this
release are forward-looking statements, such as "immediately
accretive" that involve risks and uncertainties, including but not
limited to, the effect of economic conditions, the impact of
competition, the results of financing efforts, changes in
consumers' preferences and trends. The words "estimate,"
"possible," and "seeking" and similar expressions identify
forward-looking statements, which speak only to the date the
statement was made. The Company undertakes no obligation to
publicly update or revise any forward-looking statements, because
of new information, future events, or otherwise. Future events and
actual results may differ materially from those set forth herein,
contemplated by, or underlying the forward-looking statements. The
information herein is subject to change without notice. The Company
shall not be liable for technical or editorial errors or omissions
contained herein.
CONTACT: Sylvia Johnson - Public Relations
RVPlus, Inc.
(Holding Company of ECCO2 Tech)
Phone: +1 201-815-2221
Email: rvplpr@ecco2.us
Website: www.ecco2tech.com