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11/16/2009 5:15PM Vega Chooses ARE Energy to Provide Generators for Its "Green Valley Project"


Vega Chooses ARE Energy to Provide Generators for Its "Green Valley Project"
Date : 11/16/2009 @ 5:15PM
Source : MarketWire
Stock : Vega Promotional Systems, Inc. (VGPR)
http://ih.advfn.com/p.php?pid=nmona&cb=1258431447&article=40386155&symbol=NO%5EVGPR
Quote : 0.0301 0.0061 (25.42%) @ 4:16PM
Vega Chooses ARE Energy to Provide Generators for Its "Green Valley Project"

LONDON -- (Marketwire) -- 11/16/09 -- VEGA PROMOTIONAL SYSTEMS, INC. (PINKSHEETS: VGPR) today announced the Company has narrowed its search for power producing generators for its "Green Valley Project" to ARE Energy.

The "Green Valley Project" is a multifaceted green energy power production facility that converts inexpensive methane gas from an abandoned coal mine into electricity and thermal energy. During the recent three year demonstration project, three generator sets were installed onsite in order to prove the viability of utilizing coal bed methane from the Green Valley mine as a sole source of fuel to generate electricity. Prior to Vega becoming involved in the project, the three generators were returned to the manufacturer.

Vega recently announced the addition of Robert Chew to oversee the redesign of the Green Valley Project. One change that will be made is that the power generating capacity of the facility will be increased by 100% to generate approximately 5 megawatts of power. Mr. Chew has narrowed the search for replacement generators to ARE Energy, a division of American Railroad Equipment. The two companies are currently designing two generator sets for the project that would produce 5 megawatts of power.

Once operational, the power will be sold to the local power company.

Vega will provide additional details in the next few days concerning the delivery and set up of the generator sets.

View this release in video format: http://www.vodnewswire.com/vodnewswire/news/vegapromosystems-20091116/

CONTACT:

Vega Promotional Systems, Inc.

800-481-0186