Kleangas Energy Technology Wholly Owned Subsidiary Secures Production for Initial Pellet Order & Receives 3 Additional Reques...
January 22 2014 - 8:00AM
Marketwired
Kleangas Energy Technology Wholly Owned Subsidiary Secures
Production for Initial Pellet Order and Receives 3 Additional
Requests for Pellets
TAMPA, FL--(Marketwired - Jan 22, 2014) - Kleangas Energy
Technologies, Inc. (OTCQB: KGET) is pleased to report that our
Subsidiary Green Day Technologies, will have 2,500 MT of Pellets
for shipping by mid February 2014 with the balance to be delivered
by first week in March 2014. The initial order for 5,000 metric
tons will be delivered to South Korea. This first shipment
represents a minimum of over $800,000 in revenue to the Company of
the 12 month long $10,000,000 order commitment. Green Day is in the
process of expanding production and will accept additional pellet
orders as production allows.
Green Day had originally expected to only have one buyer for South
Korea. This plan changed when the Company received 3 additional
requests for product. Based upon the original contract we would
have had to turn down the additional request, and the other pellet
buyers did not want to turn over their clients to the one buyer the
Company has contracted. An 8k was filed yesterday, January 21, 2014
reflecting this single distributor agreement termination. Free of
this single distributor agreement, KGET subsidiary is now receiving
additional inquiries for product beyond the 3 additional requests
mentioned above.
Bo Linton CEO of Kleangas Technologies, Inc., stated, "We are
working on the logistics which is a whole new area for the Company
due to the fact we are shipping overseas. Each shipment will become
easier to arrange as we become experienced with the logistic
process."
An officer of Kleangas Energy Technologies, Inc., is scheduled to
appear on MoneyTV (www.moneytv.net) Friday January 24, 2014.
Kleangas:
Kleangas Energy Technologies is a research and development company
dedicated to producing alternative clean technologies that promote
energy efficiency throughout a wide range of applications. Kleangas
designs, develops and markets various technologies including
Oxy-Hydrogen on-demand generators, Reverse Fuel Cells, solar to
Hydrogen fuel cells, and other products to deliver a clean gas that
provides energy savings, emissions reductions of diesel fuel, and
other natural gas applications. All of our products are designed to
assist companies in reducing operational costs, providing a
competitive advantage and increasing our customers' profitability.
Green Day Technologies Inc. has licensed patented waste heat to
electric power generation technology and works as a co-generator
when installed on a primary electrical generator unit. It is also
powerful enough to serve as a primary energy source. Green Day also
has pending contracts to sell refuse and biomass derived pellets
which are alternatives to producing electricity instead of the
traditional method of burning coal.
Safe Harbor Statement:
Safe harbor from liability established by the Private Securities
Litigation Reform Act of 1995. These forward-looking statements
generally can be identified by phrases such as Kleangas or KGET or
its management "believes," "expects," "anticipates," "foresees,"
"forecasts," "estimates" or other words or phrases of similar
import. Similarly, statements herein that describe the Company's
business strategy, outlook, objectives, plans, intentions or goals
also are forward-looking statements. All such forward-looking
statements are subject to certain risks and uncertainties that
could cause actual results to differ materially from those in
forward-looking statements.
Company Contact: Kleangas Energy Technologies, Inc.
http://www.kleangas.com/ Telephone 1-888-720-0806 FAX:
1- 888-720-0806 E-mail:
info@kleangas.com
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