Kleangas Energy Wholly Owned Subsidiary Receives a $100,000,000 Pellet Order; Will Commit to Deliver a Minimum of $20,000,000...
January 29 2014 - 8:00AM
Marketwired
Kleangas Energy Wholly Owned Subsidiary Receives a $100,000,000
Pellet Order; Will Commit to Deliver a Minimum of $20,000,000 of
This Order at the Start While Continuing to Secure More Pellet
Production
TAMPA, FL--(Marketwired - Jan 29, 2014) - Kleangas Energy
Technologies, Inc. (OTCQB: KGET) is pleased to report that our
Subsidiary Green Day Technologies, has received an Additional
request for $100 million of Pellets and at the start, will commit
to delivering $20 million of this pellet order while continuing to
expand pellet production moving forward. This Pellet order
represents a request for 50,000 metric tons a month or 600,000
metric tons over 12 months. Kget subsidiary will commit to
delivering 10,000 metric tons per month or 120,000 metric tons over
the next 12 months.
With the first two orders in hand, KGET is set to generate a
minimum of $30,000,000 to $40,000,000 in total revenue over the
next year. Profit margins on this second order will be
significantly higher than the first order as payment terms are FOB
Los Angeles. This buyer of pellets sets up perfect for KGET
wholly-owned subsidiary Green Day, because once the logistics for
delivery are set then Green Day can just expand upon this order
without any addition shipment concerns. Additionally all pricing
and terms will have already been set so as production increases
Green Day simply increases quantity delivered.
Kleangas Energy Technology's wholly owned subsidiary, Green Day, is
quickly positioning itself as a premier provider of pellets. Green
Day is currently in negotiations on more than one location to
acquire and/or partner with others to build out, grow and expand
its own facilities for pellet production. As Green Day expands its
own pellet production and pellet supply, profitability of these
accounts moving forward will dramatically increase.
Bo Linton CEO of Kleangas Technologies, Inc., stated, "As I have
mentioned before, the first order was just the tip of the iceberg.
This second pellet order confirms our ability to secure and expand
on our supply of pellet inventory so that we may continue to accept
several more orders moving forward. It truly is exciting to be a
part of a company that is not only on an aggressive growth
trajectory but one that is in such a dynamic industry improving our
planet's environment."
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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