ecoTECH Energy Group
ecoTECH Energy Group, Inc. Receives Multi Million Dollar
Contract From One of Canada's Largest Supermarket Chains
ecoTECH will provide "Beyond Organic" Vegetables and Fish with power
generated with a "Net Zero Carbon Emissions" Combined Heat and Power Station
Jan 5, 2012-ecoTECH Energy Group, Inc. (OTCBB: ECTH), headquartered in Seattle,
WA, is pleased to announce that its proprietary biomass energy and fresh food
systems division has received a 5 year supply purchase contract of approximately
$12 million dollars per annum from one of Canada's largest supermarket chains.
ecoTECH has developed proprietary biomass to energy and has licensed proven
fresh food production systems that deliver quality and quantifiable advantages
in the sector of fresh fish and vegetable production without artificial chemical
or fossil hydrocarbon pesticides, herbicides or synthetic growth inducements
such as fertilizers and hormones, utilizing indoor aquaponics hydroponics &
aquaculture combined methodologies.
ecoTECH has introduced ancillary operations such as self-sustaining industrial
parks, complete with hydroponic greenhouses and aquaculture fish facilities to
complement its bio-energy division. The Company's economies of scale will be
maximized because these ancillary operations will be operated by using the
energy by products from the Company's CHP Power Station's output. ecoTECH's food
production is an essential service that will provide hundreds of newly created
jobs and an entirely new industry. ecoTECH's McBride facility will be capable of
producing over $50 million in food sales annually energized from its 5 MW power
station. The Company projects that after achieving full commercial operations in
3 years, the facility will yield an EBIDTA of 40-43% of revenue. The McBride, BC
facility will include a 24/7 Biomass fueled combined heat & power generating
facility. The complex consists of over 22 acres of Aquaponic production
facilities.
The company's 8K filing with the Securities and Exchange Commission pertaining
to this contract can be found at www.sec.gov
About ecoTECH Energy Group, Inc.
ecoTECH Energy Group, Inc. is a development-stage renewable energy company which
plans to manufacture biomass-fueled power stations that produce renewable and
sustainable "green" energy products. ecoTECH specializes in the development and
operations of thermal, 24/7, "firm" electricity supply from
"zero-carbon-footprint" power stations which utilize proprietary ecoTECH
technologies that have been continuously improved and refined over the past 30
years. ecoTECH intends to build five Combined Heat and Power Stations across
North America during the next five to seven years. More information about the
Company may be found at www.ecotechenergygroup.com
Notice regarding forward-looking statements
This press release contains forward-looking statements that may be subject to
various risks and uncertainties. Such forward-looking statements are made
pursuant to the "safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995 and may include statements regarding our future financial
performance or results of operations, including expected revenue growth. Unless
otherwise required by law, we undertake no obligation to publicly update or
revise any forward looking statements, whether as a result of new information,
future events or otherwise after the date of this press release. Additional
information concerning risks and uncertainties that would cause actual results
to differ materially from those projected or suggested in the forward-looking
statements can be found in the reports that we have filed with the Securities
and Exchange Commission.
Contact: ecoTECH Energy Group, Inc.
Investor Relations Ph: (213) 254-2440
email: ir@ecotechenergygroup.com