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eCarfly Announces Terra Fuel Technologies to Merge with eCarfly, Agreements with WASTE MANAGEMENT to Be Reviewed
DALLAS--(BUSINESS WIRE)--
eCarfly, Inc. (PINK SHEETS: ECFL) is pleased to release today that Terra Fuel Technologies, (TFT) is proudly under merger negotiations with eCarfly. TFT is considered to be the leading standard within the technology industry as a prominent developer of secondary fuel source providers. Through existing business relations with WASTE MANAGEMENT, TFT is currently reviewing agreement possibilities for implementing the Co-Fuelling Engine Technology to the WASTE MANAGEMENT fleet of waste collection vehicles. Fleet trials from WASTE MANAGEMENT and other high profile organizations, will further guarantee the success of the Co-Fuelling Technology.
The Terra Fuel Technologies EDITek operates a secondary ethanol fuel delivery system, which vaporizes ethanol and introduces it into the air intake of the diesel engine with positive results, some of which are scientifically yet to be explained. The technology compromises the adaptation and modification of non-invasive components that make for a simple and cost effective installation, whether as a production line or retrofit. The TFT technology is an economically viable alternative that does not require any engine modifications and can potentially meet the operational and economic demands of major organizations with large diesel fleets.
Principal markets are North & South America, Europe and Oceania, however, markets based on renewable fuel requirements are emerging all over the world. The TFT commercialization strategy is focused first on introducing the technology into major fleets, particularly those that are publicly funded. Economics and legislation, particularly in the USA, are driving the use of alternative fuels, such as ethanol in diesel engines.
WASTE MANAGEMENT, the leading provider of comprehensive waste and environmental services in North America, holds a network of operations which includes 413 collection operations, 370 transfer stations, 283 active landfill disposal sites, 17 waste-to-energy plants, 131 recycling plants, 95 beneficial-use landfill gas projects and 6 independent power production plants. These assets enable WASTE MANAGMENT to offer a full range of environmental services to nearly 21 million residential, industrial, municipal and commercial customers. Successful fleet trails with a waste conglomerate like WASTE MANAGEMENT would tremendously increase market recognition and potentially generate massive revenues.
Website's for both eCarfly and TFT are presently under construction to form one united website that will function for both companies' needs. Web developments will be completed in the very near future.
"eCarfly is extremely honored to be merging with an industry leading company like Terra Fuel Technologies. Uniting forces with a company of its caliber will only bring positive results to our organization as well as to our market value. As described above, TFT holds one of the world's most sought after technologies, and has created a highly impressive and cost effective means to its implementation. Potential agreements as well as many showcases will ensure the long term success of our newfound venture with Terra Fuel Technologies. Websites for both companies are currently being developed by the same web group located out of Dallas, TX. Upon the completion of the site, the public will be able to access updated technology releases, project forecasts and all basic information regarding both companies. Our 8 day stretch of successful trading has been a very positive influence on the merger and we foresee this track record as a mere beginning to a bright future for eCarfly and our shareholders," stated Desmond Milligan, CEO of eCarfly, Inc.
Disclaimer:
Matters discussed in this press release are "forward-looking
I could tell you a bed time story about a man name Jedd. LOL
Should be in bed I have to hook up the plows and load salt in morning going to snow here tomorrow.
Ah were burning to midnight oil.
Just back filling.
I second that.
0.043 next
Good morning Phil
Bid at 0.0385 Ask at 0.04
Bid at 0.0385 Ask at 0.039
Anything is possible. Des could surprise us at any time.
Bid 0.038 Ask 0.0385
Next bump at 0.039 after that looks like 0.20. This thing is coming up slowly the way you want it to and back filling a long the way. When Des says the name of the company and earnings thats when she will blow wide open.
Good morning all.Looks like going to another good day.
If everything is as it seems be. The price needs to be 1.00 or more to be on the nasdaq.
Good enough.
Fwd: IDIOT OF THE WEEK.... could happen in Ione...
I think news at 6:00 am again.
Every thing is good. We tested our tredline today and bounced off back up.
ECFL Guarantees That CEO's Internal Stock Will Not Be Sold - eCarfly CEO to Transfer All Stock to Alternative Fuels Company Upon Merger Completion
DALLAS--(BUSINESS WIRE)--
eCarfly, Inc. (Pink Sheets:ECFL) announced today that Desmond Milligan, CEO of eCarfly, Inc., has publicly declared that all internal stock has and will continue to be withheld from any sales. In addition, Mr. Milligan announced that upon the completion of the merger with the Alternative Fuels Company (AFC), all internal stock will be transferred to the principals of the merging company and will be restricted for a two-year period thereafter.
In attempt to maintain the company's continually progressing stock value, Mr. Milligan has chosen to make public that he has withheld all his internal stock that was initially issued at the time that eCarfly became a publicly traded company. Upon the completion of the merger with the AFC, Mr. Milligan will complete necessary requirements with the SEC to properly transfer all internal stock into the ownership of the AFC's officers.
Due to Rule 144 of the SEC regulations, once the described stock has been transferred, principals of the AFC will not legally be permitted to sell any said stock into the open market for a period of two years (24 months). The two-year holding period will begin once the merger has been completed and all necessary documents have been signed. The Stock Purchase Agreement was submitted to the AFC on March 1, 2007 and remains on schedule to be reviewed and returned for any revisions by Friday, March 9th, 2007.
"Our primary objective at eCarfly is to take every measure possible to increase the value of our company and always remain creditable to our shareholders. I am pleased to announce that every share allocated since the inception of eCarfly have been withheld from any sales in the open market. I will continue to withhold any sales of internal stock to ensure the longevity of this successful increase in our stock value. As stated above, all shares will be transferred to the AFC once the merger has been successfully completed. In doing so, shareholders can rest assured that market flooding will not be a concern in our ongoing efforts to maintain a healthy increase in the value of our stock. We believe that our shareholders will find it very pleasing that without a single internal share sold, ECFL stock has traded over 200 million shares and risen over 700% as a direct result of merger discussions with the AFC. We will continue to release a balanced amount of press to update all our shareholders on the merger with the AFC," stated Desmond Milligan, CEO of eCarfly, Inc.
Source: eCarfly, Inc.
Maybe it needs the BLUE pill.
Speak for yourself Mona. LOL
It' the site.
This is true. Once they come out with projected earnings that will set the stock price.
It's pain in the arss.
This is running so slow. Christ I sound like Ed.
Maybe Ed knows how. LOL
Some of these guys were up all night. LOL
Today going to be very good.
Everything running on time.
Good morning all. Things looking very good.
Yea, My Grandmom faster than this and she is dead.
Very good.
Have a nice night talk latter.
Amen
Now you what Fox and Phil had to deal with.
You to mona.