ecoSolutions Intl. Executes Letter of Intent
Date : 01/10/2011 @ 5:00PM
Source : Business Wire
Stock : ecoSolutions Intl. (ECOI)
Quote : 0.04 0.01 (33.33%) @ 9:43AM
ecoSolutions Intl. Executes Letter of Intent
Ecosolutions Intl (USOTC:ECOI)
Intraday Stock Chart
Today : Monday 10 January 2011
ecoSolutions Intl. (Pink Sheets:ECOI) announced today it has a fully executed Letter of Intent with SolCool One, LLC, “SolCool”, a private solar company.
SolCool has developed a direct current, solar air-conditioning unit for distribution to the communication and off-grid global markets. Systems are designed to substantially reduce energy costs while improving back-up power capability.
In October 2010 SolCool successfully sold a 6000 BTU system to Freeport McMoRan (NYSE:FCX), the largest publicly traded gold and copper producer in the world. Freeport McMoRan is utilizing the unit in a remote, off-grid location to cool equipment that monitors seismic activity.
“The future of energy management with large, power-consuming customers is growing exponentially, and SolCool is well positioned to market and sell its products directly into that segment,” ecoSolutions Intl. CEO Lawrence Adams stated. "The market for this and other SolCool energy products is growing exponentially as these types of companies turn to key vendors for Solar and off-grid solutions.”
SolCool is located in San Bernardino, CA. “We feel SolCool has a vast array of products ready for entry into this growing market demand, we look forward to a long and prosperous partnership,” Mr. Adams commented in closing.
FORWARD-LOOKING STATEMENT
This press release may contain forward-looking statements. The words "believe," "expect," "should," "intend," "estimate," and "projects," variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. These forward-looking statements are based upon the Company's current expectations and are subject to a number of risks, uncertainties and assumptions. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ significantly from those expressed or implied by such forward-looking statements are risks that are detailed in the Company's filings, which are on file with the U.S. Securities and Exchange Commission (SEC).
Do not believe a word I say, I am a mean old grumpy dummy who dislikes any type phony baloney. You want to make money, work for it, do your DD.
