Great DD so BLVT indirectly partner with ECSL (share price 51 cents)
EncounterCare Solutions, Inc. (ECSL) announced today that its subsidiary, CyberFuels, Inc., has acquired certain assets from AlternaFuels, Inc. AlternaFuels, Inc. has commercialized a fuel product designed to replace the current formulation of gasoline. The proprietary patent-pending gasoline replacement product was developed over several years. The product is sold under the trade name Singular 96™. The fuel is an enhanced energy feedstock blended with methanol and gasoline. The product is manufactured in the United States and exported to Canada. Environmental Canada's Oil, Gas and Alternative Fuel Division (similar to the US EPA) has no regulations prohibiting or limiting the use of methanol blends in transportation fuels.
The initial delivery of the Singular 96™ occurred on May 25, 2012. Approximately, 800 vehicles were fueled with Singular 96™. The first customer is a group of 20 Federated Independent Stations (FIS) that are located outside of Montreal, Quebec. The price for this premium grade 96 Octane fuel was seven (7) cents a gallon below the local prevailing price for regular grade 87 Octane gasoline.
The assets purchased included all existing contracts, and intellectual property, including patents, pending patents and Trade Marks. Included in the acquisition is a $150 million contract for conversion of the twenty stations in Montreal to Singular 96™. Deliveries are underway and the schedule ramps up to 24 shipments per week within three weeks. CyberFuels has raised sufficient capital to fulfill the existing contracts.
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