Encore Energy Systems & Zenergy International Enter Into Partnership to Significantly Increase Biofuels Presence
February 26 2009 - 9:30AM
Marketwired
Encore Energy Systems (PINKSHEETS: ENCS) announced today it entered
into an agreement with Zenergy International, Inc. to provide
biofuel plant management services, biofuel feedstock allocation and
purchasing, and market development services to assist in
significantly increasing the company's biofuels presence. The
agreement will provide mission critical management and provisioning
services to the Company's biofuel production facilities and
associated feedstock infrastructure.
Zenergy International, Inc. was formed in 2006 by industry
veteran, Robert Luiten. Robert brings a vast amount of experience
to our team having spent many years at the world's third largest
chemical company. As the COO of an INEOS Phenol division with
revenues of more than $1 billion, Robert was instrumental in
building new manufacturing facilities, expanding existing ones as
well as refurbishing idled plants and returning them to peak
operating performance. He was also responsible for identifying
acquisitions and bringing them on line. Robert has spent years
cultivating relationships with the major players in the refinery
industry, including BP, Shell, Valero, Exxon Mobil and Citgo.
"We see enormous opportunity in assisting Encore Energy with
managing its biofuel production facilities and biofuel distribution
efforts. Encore's acquisition and growth strategy are both
excellent and we look forward to a strong year," stated Robert
Luiten, CEO of Zenergy International, Inc.
The Company intends to aggressively penetrate the biofuels
sector and sees this relationship enhancing our ability to emerge
as the industry leader.
The Company will update stockholders on the following:
-- New acquisitions of existing bio-diesel plants and associated fuel
sales and distribution facilities.
-- Published financial reports on the combined entities no later than 1
March 2009. Guidance on 2008 performance to be released before financial
reports.
-- Financial projections regarding both revenues and asset growth through
the company's planned acquisitions.
-- New agreements for the sales and distribution of biofuel feedstocks,
and joint ventures with existing biofuel facilities operating under-
capacity.
-- Details on the Company's Combined Heat and Power generation programs
(CHP).
-- Partnerships and Executive Management agreements for the Company's
business development and marketing programs.
-- New web sites, corporate image, and published business plans.
About Zenergy International, Inc.
Zenergy International, Inc. endeavors to deliver biofuels at a
competitive price, focusing on sustainable resources, safe
practices, and compliance with all environmental laws, striving to
minimize overall environmental impact. For more information visit
www.ZenergyInternationalInc.com
About Encore Energy and BioConversions
ENCS is an international aggregator bio-diesel reactor
technology, fuel distribution, production systems and fuel
production facilities.
The Company also owns the patents for the use of grey-water, and
domestic water in heat exchanger systems. They also provide all
forms of conventional geothermal heat exchange systems. See our
video at http://www.encoreenergyinc.com. The Company licenses its
patented technology to other energy-related businesses.
Safe-Harbor Statement
This press release contains statements (such as projections
regarding future performance) that are forward-looking statements
as defined in the Private Securities Litigation Reform Act of 1995.
Actual results may differ materially from those projected as a
result of certain risks and uncertainties. The company's web site
version of this press release contains various RISK FACTORS (and
are incorporated herein by reference) and should be read before any
investment decision.
Investor Relations Contact: Encore Energy Systems, Inc. Email
Contact Ph: (662) 253-5766
Encore Energy Systems (CE) (USOTC:ENCS)
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