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M-Fuel Could Save the City of Chicago $40M a Year Says EcoloCap CEO
May 26, 2011 4:52pm EDT
CHICAGO — In an interview with Capital Situation, Michael Siegel, CEO of EcoloCap Solutions of Chicago, (www.ecolocap.com), stated that numerous independent tests have proven the company’s M-Fuel technology to reduce consumption of diesel fuel up to 30% while reducing emissions by over 70%, without any modifications to diesel engines of buses and trucks.
Invented using nanotechnology, M-Fuel is an emulsion of diesel fuel, water and a proprietary additive, developed by EcoloCap’s Korean team over the last few years. The Company is presently marketing the technology worldwide, having orders and memorandum of understanding with, governments, transportation and utility companies in over ten countries.
Siegel stated: “Taking an example in our own backyard, the skyrocketing price of diesel fuel will cost Chicago and Chicago's transit agencies tens of millions of dollars more than anticipated this year, jeopardizing some proposed new services. With fuel costs rising and state funds scarce, the region's mass transit agencies face a budget season full of tough decisions that could create a bumpy ride for passengers. The City of Chicago, along with Pace, the CTA, and Metra spend an estimated $200M in diesel fuel each year. The use of EcoloCap’s M-Fuel would save a minimum of 20% or some $40M annually, and that’s using the most conservative of our projections.”
Siegel added: “Another factor is that under the 2003 Clean Air Act, emulsified diesel fuels with a minimum 12.5% water make users eligible for an additional $0.197 IRS Tax Credit. As a result, end users could save up to $1.00 a gallon on the cost of diesel fuel at today’s prices.”
“School busses are one of the most notorious emitters of pollution with a negative impact on health, but federal budget deficits have forced the demise of the “Clean Diesel School Buses Program” that was supposed to combat this problem. M-Fuel will not only reduce emissions to within acceptable limits, but reduce the cost of fuel, all without any capital expenditure on the part the school districts.”
At the Chicago Transit Authority, officials said preliminary figures indicate they would have to grapple with another budget shortfall next year. Talk of fare increases and possible service cuts could be back on the table, just months after a state bailout enabled them to avert imposing those measures this year.
EcoloCap Solutions Inc. is listed on the Bulletin Board symbol: ECOS
Thanks man for the IGXT heads up :) Big fan of the MMJ movement! I've also got one you might like in ECOS. Might seal an 80 million dollar sale in the next couple weeks according to an old 8k :)
We have a multi bagger from here IMO :D
This is a monster in the making :). Can't wait to hear about the potential 90 million dollar sale of M-Fuel by mid June.
When a self acknowledged flipper starts with the negative sentiment...you know its time to buy! XD
Little shake for the amateurs :D
lol you beat me to the punch! GLTY
BFHJ likes to do midnight PR's :D
Just added 500,000 lets rock!
IF we can break that .0155 wall created by NITE, I bet we see some coverage :D
Really digging the bid support @ .014
I think you are reading it correctly ;D. Very nice move by CBIS IMO
I wish the B/A spread wasn't so ridiculous :*(
Hope so! Dealership agreement sends us back to .04 at least IMO
Fingers crosses for a mitsubishi/dezer update! With a 10 million dollar line of credit they should be able to start making some deals! GLTY
Nice to see .0028 getting hit pre market :D
Good morning EVCA'ers. Lets go green today! GLTA
5/18/2011 Cannabis Science, Inc. (OTCBB: CBIS), a pioneering U.S. biotech company developing pharmaceutical cannabis products, is pleased to announce meetings with Thai Cannabis Corp. and senior government officials and advisors regarding environmental and commercial benefits of medical cannabis.
Cannabis Science and our associates in Thailand are constructing a business relationship that will allow for the necessary clinical trials to take place in Thailand with approval of the Thai governmental. The intent is to formalize a mutually beneficial partnership in the medical cannabis tourism industry. Concurrently, Thailand will serve as a staging ground for Cannabis Science to test and develop our products as we move toward our ultimate goal of U.S. FDA approved cannabis extract based medicines. The Thai people will benefit from our collaborative efforts in that income and knowledge generated by medical cannabis tourism will offset medical costs for the Thai people. It should be noted that Thailand ?? with a population of approximately 68 million ?? has a first class medical system that draws patients from around the world, so everyone can benefit from its integration of medical cannabis into modern health care.
Robert Melamede, Ph.D., Cannabis Science’s CEO stated, “It was amazing to meet with enlightened government officials who recognize the health, environmental, and commercial benefits of hemp and medical cannabis. Thailand now leads the world in having created intelligent policies so that the Thai people, and others from around the world, will benefit from the health promoting properties of the cannabis plant that have been so foolishly suppressed by American led policies of fear and ignorance.”
About Cannabis Science, Inc.
Cannabis Science, Inc. is at the forefront of pharmaceutical grade medical marijuana research and development. The Company works with world authorities on phytocannabinoid science targeting critical illnesses, and adheres to scientific methodologies to develop, produce and commercialize phytocannabinoid-based pharmaceutical products. In sum, we are dedicated to the creation of cannabis-based medicines, both with and without psychoactive properties, to treat disease and the symptoms of disease, as well as for general health maintenance.
Forward Looking Statements
Forward Looking Statements; This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement containing works such as "anticipate," "seek," intend," "believe," "plan," "estimate," "expect," "project," "plan," or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations regarding the use and development of cannabis-based drugs. Cannabis Science, Inc. does not undertake any duty nor does it intend to update the results of these forward-looking statements.
Cannabis Science Inc.Dr. Robert J. Melamede,President & CEO1-888-889-0888info@cannabisscience.comorInvestor RelationsMark J. Friedman1-877-431-CBIS (2247) info@cannabisscience.comwww.cannabisscience.com
Really like the MXMI news :D
I have bids in as well :D. Lets see who gets filled first!
Will be adding a TITAN load on TYTN as soon as it bottoms out :D
Bottom = .0028??
One more questions for you :D. Would that example not also work for the bid? annddd it is nice to see that everyone has been playing on the ASK since yesterday!
.0155 break sends this :D
What do you think about MAXM being ON the bid?
NITE/AUTO back on the hunt for shares!
The CNG Foton Trucks might be my favorite thing about EVCA. Lets see if they can't ink a commercial sales agreement with a transportation company or the government.
Just my spidey senses ;)
They did it yesterday too with .0045 :(. I think some shorts got burned and are working overtime. Dangerous if you ask me with the CEO returning next week!
I am hearing rumors of news tomorrow, lets hope the rumor is true!! I also have dry powder tomorrow, I am quite excited!!
CGFIA looking like easy $$$ :D
Thanks for the news update!
We had some very strong bid support EOD yesterday..lets see if it continues today!
Very massive bid support here. I am impressed. I think we move up from here. Last post of the day but it is looking good! My PR senses are tingling...
Edit: As everyone knows buy low sell high...chart screams buy based on that philosophy.
Right here is a very critical point for the DAY. Holding long without a worry :D
Very nice rebound!
Uh oh, going to test much lower :(
Added here @ .0036. I think we bounce!
Someone is trying to scare you out with stacking the ASK. Once it breaks we run BIGLY :D
.004 break sends this :D
MM's thinning out for a move...
Shhh don't wake everyone up yet! I still want to add at these levels for as long as possible.
Here is something cool though
Stockholder's Equity of +$4,324,064
LOL
And what is our market cap again?
I think if enough bid support comes in at .012 we will bounce. If not, hold the line at .01!