$KGET Receives Pellet Order for a Minimum of $10,000,000 and Potentially up to $20,000,000
TAMPA, FL, Jan 16, 2014 (Marketwired via COMTEX) -- Kleangas Energy Technologies, Inc. (OTCQB: KGET) is pleased to report that our Subsidiary Green Day Technologies, has received and accepted an order for between 5,000 to 10,000 Metric Tons of pellets to be delivered per month to South Korea. This one agreement runs for a full 12 month period and represents a minimum of over $800,000 to as much as $1,700,000 per month of income.
Green Day has several additional similar requests and expects more agreements to be processed over the next few months. Kleangas Energy's Subsidiary, Green Day, has secured the ability to deliver the quantities for this order and is in the process to greatly expand on production capabilities in the near term. As Green Day expands production capabilities, several more orders will be accepted. Demand for these pellets has been dramatically increasing and is expected to continue to do so due to the increasing environmental pressures to burn cleaner and more environmentally friendly products than coal and crude products.