Ecoloclean Industries, Inc. Announces Plans to Expand Operations Into South Texas Empowerment Zone
CRYSTAL CITY, Texas, March 9, 2009 /PRNewswire-FirstCall via COMTEX/ —
Ecoloclean Industries, Inc. (Pink Sheets: ECCI) announced today plans to expand its Texas Operations into the Futuro Empowerment Zone in South Texas. The expansion is part of the Crystal City’s, Texas plan to install a 600 acre Industrial Park to create 2,000 to 15,000 new jobs under Congress’s new “green" jobs program. Ecoloclean’s move gives it the ability to manufacture its newer Electro-Coagulation systems and a new proprietary Hi-Temperature Plasma System for sales to the oil and gas industries, municipal and industrial water and wastewater treatment plants, pulp and paper mills, mining and mineral processing plants, refineries, etc. The Plasma Technology will be licensed under a National Manufacturing and Sales/Distribution arrangement with the Licensor.
Ecoloclean Industries, Inc. currently shares its headquarters with an oilfield drilling and service company in Dimmit County, Texas near Crystal City, Texas. The new facility will be sized at 10,000 square feet and will house a new corporate office, a state-of-the-art water and wastewater laboratory, manufacturing space, and will be situated in the new Crystal City Eco-Industrial Park.
The Crystal City Eco-Industrial Park and tenants will benefit from State, Local, and Federal Funding and other Empowerment Zone benefits such as caps on capital gains taxes, employment tax credits for investors who invest in job creation in the Federal Empowerment Zone.
The Ecoloclean Industries, Inc. expansion is a 6.8 M project utilizing funds from the Futuro Empowerment Zone, Crystal City, USDA Rural Development Authority, the Texas Workforce Commission and Ecoloclean’s own investment capital. The project is currently awaiting completion of due diligence by the Crystal City Economic Development Corporation. Final Approval and bond inducement resolution by the Crystal City City Council at its March 17, 2009 Meeting.
Royis Ward, President and CEO stated that this expansion will add significant shareholder value to Ecoloclean Industries, Inc. and its Stockholders.
Further updates will be provided.
FORWARD LOOKING SAFE HARBOR STATEMENTS: To the extent that this release discusses any expectations concerning future plans, financial results or performance, such statements are forward looking within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities and Exchange Act of 1934, as amended, and are subject to substantial risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and reflect only management’s beliefs and expectations based upon presently available information. These statements and other forward-looking statements are not guarantees of future performance and involve risks and uncertainties.
The Company assumes no obligation to update any of the forward-looking statements contained in this release.
ABOUT ECOLOCLEAN INDUSTRIES, INC:
Ecoloclean Industries, Inc. is the owner of two wholly owned subsidiaries, Ecoloclean Industries, Inc. and World Environmental Technologies, Inc. and utilizes various remediation techniques and technologies. Ecoloclean Industries, Inc. provides environmental waste remediation to treat and remove impurities in contaminated wastewater and/or polluted liquids and solids for a variety of industries, but not limited to, refineries, paper mills, petroleum and petrochemical industries. Ecoloclean Industries, Inc. has merged equipment and personnel in its subsidiaries to maximize the utilization of company resources.
For more information about the Company, please visit http://www.ecoloclean.com.