Alliance Recovery Corporation and Mannington Mills Explore Opportunity to Produce Electricity Through Progressive Alternative En
September 22 2008 - 8:30AM
Business Wire
Mannington Mills, Inc., and Alliance Recovery Corporation (OTCBB:
ARVY) are pleased to announce that they are exploring an
opportunity to locate a technologically advanced alternative energy
electrical generation facility on Mannington�s property in New
Jersey. If the agreement is completed, Mannington would purchase up
to eleven Megawatts of electricity from Alliance, representing the
majority of the Company�s New Jersey site electrical demand.
Alliance Recovery Corporation, located in Wilmington, Delaware, has
developed a proprietary process system that converts rubber waste
into fuel oil for electrical generation. Using �state of the art�
pollution technologies, the Alliance system employs a sophisticated
thermal chemical process to convert various forms of rubber waste �
including waste or scrap tires � to usable fuel oil. The recovered
oil is used to fuel reciprocating engines, driving alternators that
then make electricity. Having operational, economic and
environmental advantages, this unique process creates a sustainable
source of electricity that would be used by Mannington�s
manufacturing and support operations; the excess of which would be
sold into the local power grid. The Alliance system can contribute
to the overall reduction of dependence on fossil fuels while
removing tons of rubber and scrap tires from the waste stream each
year. The use of this alternative energy at Mannington�s
manufacturing facility and corporate headquarters will underscore
the company�s position as a leader in innovation in its industry.
Mannington has been located and headquartered in Salem, NJ since
its founding in 1915, and continues to explore solutions that will
help continue its long history of environmental responsibility and
business success. ABOUT MANNINGTON MILLS: One of the largest
flooring companies in the U.S., Mannington Mills, Inc., based in
Salem, NJ, is the only North American company engaged in the
manufacturing and marketing of residential and commercial
resilient, laminate, hardwood and porcelain tile floors, as well as
commercial carpet. Founded in 1915 by John Boston Campbell, the
Company is privately held. After 93 years, the Company continues to
pursue its commitment to quality, customer satisfaction and the
environment through innovative product design and marketing,
state-of-the-art technology and industry-leading programs. For more
information, visit www.Mannington.com ABOUT ALLIANCE RECOVERY
CORPORATION: Alliance Recovery Corporation is an innovator in
sustainable energy systems. The company plans to construct 10
waste- to-energy facilities at several sites across the country
over the next 5 years. These facilities will recover fuel oil as a
result of thermal chemical processes that convert rubber waste to
oil. This process will contribute to fossil fuel conservation
efforts and ultimately help reduce the consumption of America�s
energy resources. These facilities can be located, constructed and
operated to meet the specific needs of the community or industry
and are operated in an environmentally responsible manner. For more
information, visit www.AllianceRecoveryCorporation.com SAFE HARBOR
STATEMENT: This press release contains statements that may
constitute forward-looking statements, including the Alliance�s
ability to implement its business plan and the future strength of
the Company�s business and industry. These statements are based on
current expectations and assumptions and involve a number of
uncertainties and risks that could cause actual results to differ
materially from those currently expected. For additional
information about Alliance Recovery Corporation�s future business
and financial results, refer to Alliance Recovery Corporation�s
Annual Report on Form 10-KSB for the year ended December 31, 2007
that was filed with the SEC on April 15, 2008. Alliance Recovery
Corporation�s amended Q 2008 Report filed with the SEC on September
19, 2008. Corporation undertakes no obligation to update any
forward-looking statement that may be made from time to time by or
on behalf of the Company, whether as a result of new information,
future events or otherwise.
Alliance Recovery (PK) (USOTC:ARVY)
Historical Stock Chart
From Nov 2024 to Dec 2024
Alliance Recovery (PK) (USOTC:ARVY)
Historical Stock Chart
From Dec 2023 to Dec 2024