NewYorkerASA
07.05.2009, 20:50
EcoSystem Executes Management Agreement with Global Ethanol
Targets Acquisition of Distressed Ethanol Assets
May 7, 2009 1:45:00 PM
Copyright Business Wire 2009
Email Story Discuss on ZenoBank
View Additional ProfilesNEW YORK--(BUSINESS WIRE)-- EcoSystem Corporation (OTC Bulletin Board: ESYM) today announced the execution of a management services agreement with Global Ethanol, LLC to provide corporate and plant management services to the company.
Glen Courtright, EcoSystem's president and chief executive officer said that "Our strategic plan involves the acquisition of operational renewable energy production assets that complement our technology development efforts. We are currently evaluating a number of qualified opportunities that have the infrastructure we need to implement and scale our technologies. The execution of the agreement with Global Ethanol is the first step in executing these plans and accelerating our technology commercialization efforts. Global brings existing operational expertise and commodities management infrastructure that will be key to the successful operation of any facilities that EcoSystem may acquire. We look forward to working with Global's team"
Additional information regarding EcoSystem's acquisition and technology development plans will be provided later this month.
About Global Ethanol
Global Ethanol, LLC operates two corn based ethanol plants for a production total of 160mmgy located in Riga, MI and Lakota, IA. The company is experienced in construction, start-up, and operations and maintains a strong differentiator of all internalized functions and services with collective experience in ethanol production, plant management, grains procurement, ethanol marketing, risk management and project development.
About EcoSystem Corporation
EcoSystem is innovating new biological, chemical and physical technologies that are designed to resolve compelling ecological challenges while producing value-added carbon-neutral products. Additional information is available online at www.eco-system.com. (http://www.eco-system.com./)
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of EcoSystem Corporation and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully, and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Source: EcoSystem Corporation
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EcoSystem Corporation
Phone: +1 937 291-1067
Fax: +1 937 260-4491
Email: investorrelations@eco-system.com
Web: www.eco-system.com (http://www.eco-system.com/)
or
CEOcast
Inc.
Gary Nash
212-732-4300
Targets Acquisition of Distressed Ethanol Assets
May 7, 2009 1:45:00 PM
Copyright Business Wire 2009
Email Story Discuss on ZenoBank
View Additional ProfilesNEW YORK--(BUSINESS WIRE)-- EcoSystem Corporation (OTC Bulletin Board: ESYM) today announced the execution of a management services agreement with Global Ethanol, LLC to provide corporate and plant management services to the company.
Glen Courtright, EcoSystem's president and chief executive officer said that "Our strategic plan involves the acquisition of operational renewable energy production assets that complement our technology development efforts. We are currently evaluating a number of qualified opportunities that have the infrastructure we need to implement and scale our technologies. The execution of the agreement with Global Ethanol is the first step in executing these plans and accelerating our technology commercialization efforts. Global brings existing operational expertise and commodities management infrastructure that will be key to the successful operation of any facilities that EcoSystem may acquire. We look forward to working with Global's team"
Additional information regarding EcoSystem's acquisition and technology development plans will be provided later this month.
About Global Ethanol
Global Ethanol, LLC operates two corn based ethanol plants for a production total of 160mmgy located in Riga, MI and Lakota, IA. The company is experienced in construction, start-up, and operations and maintains a strong differentiator of all internalized functions and services with collective experience in ethanol production, plant management, grains procurement, ethanol marketing, risk management and project development.
About EcoSystem Corporation
EcoSystem is innovating new biological, chemical and physical technologies that are designed to resolve compelling ecological challenges while producing value-added carbon-neutral products. Additional information is available online at www.eco-system.com. (http://www.eco-system.com./)
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of EcoSystem Corporation and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully, and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Source: EcoSystem Corporation
----------------------------------------------
EcoSystem Corporation
Phone: +1 937 291-1067
Fax: +1 937 260-4491
Email: investorrelations@eco-system.com
Web: www.eco-system.com (http://www.eco-system.com/)
or
CEOcast
Inc.
Gary Nash
212-732-4300