Kleangas Energy Technology Wholly Owned Subsidiary Receives and Accepts Another Pellet Order for $10,000,000
February 12 2014 - 8:15AM
Marketwired
Kleangas Energy Technology Wholly Owned Subsidiary Receives and
Accepts Another Pellet Order for $10,000,000
TAMPA, FL--(Marketwired - Feb 12, 2014) - Kleangas Energy
Technologies, Inc. (OTCQB: KGET) is pleased to report that our
Subsidiary Green Day Technologies, has received and accepted
another order for 5,000 Metric Tons of pellets to be delivered per
month to South Korea over a 12 month period. This additional order
represents a minimum of over $800,000 per month of income or a
total value of over $10,000,000 for the next 12 months. KGET filed
an 8K on Tuesday February 11th relating to this order.
Currently, Kleangas Energy wholly owned subsidiary, Green Day, is
only limited on how quickly the pellet business can expand based on
securing pellet production for the numerous orders in hand. As
mentioned before, Green Day is working to secure more pellet
production.
Final logistics are being wrapped up for the shipment of the first
pellet order announced on January 16, 2014. There have been no
issues in preparing for the delivery of this first order. This
process just needed to run its course and is almost to completion
for shipment to occur.
Bo Linton, CEO of Kleangas Technologies, Inc., stated, "I am very
proud of our team to have taken a company with relatively no
business to one with tens of millions of dollars in orders. It
truly is going to be special to see the first ordered shipped and
to actually record the revenue from the first shipment. We are
anxious for that day which is quickly approaching."
Maxine Pierson, EVP of Kleangas, will be appearing on MoneyTV
(www.moneytv.net) program Friday February 14, 2014 providing
additional information to the investment community.
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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