Encore Energy Systems Targets Biodiesel Production Facilities for 2009 Acquisitions
March 10 2009 - 11:17AM
Marketwired
Encore Energy Systems (PINKSHEETS: ENCS) announced today its
biodiesel plant initiative to acquire various biodiesel production
facilities. These facilities typically are operating under capacity
and can be purchased at a significant discount to their fair market
asset valuations. The Company's acquisition of these operations and
facilities represents a major component of the 2009 growth plan.
The Company recently entered into an agreement with Zenergy
International, Inc. to provide biofuel plant management services
and feedstock allocation. The agreement provides mission critical
management and provisioning services to the Company's biofuel
production facilities as required.
The Company intends to aggressively acquire biodiesel production
plants. The company believes the consolidation of biodiesel assets
will position the company as a premier producer and distributor of
biodiesel nationwide.
The Company will update stockholders on the following:
-- Acquisition of biodiesel facilities and joint-ventures with biodiesel
production plants.
-- Published financial reports to be timely released. Guidance on 2008
performance will be released before publication of reports.
-- 2009 asset and revenue projections and growth through the company's
planned acquisitions.
-- Distribution agreements for biodiesel and feedstocks.
-- 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 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 1.662.253.5766
Encore Energy Systems (CE) (USOTC:ENCS)
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