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Biomass Secure Power Inc. Receives Purchase Agreement from LG International Corp.
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Date Line: Biomass Secure Power Inc. - Canada - Abbotsford - 5/18/2011 (eTeligis.com)
Biomass Secure Power Inc. Receives Purchase Agreement from LG International Corp.
ABBOTSFORD, British Columbia, May 18, 2011 -- Biomass Secure Power Inc. (OTC:QB: "BMSPF") (the "Company") is pleased to announce that it has received a purchase agreement from LG International Corp. The agreement calls for Biomass Secure Power Inc. to provide LG International Corp with biomass pellets commencing in 2012. The term of the purchase agreement is for ten years and will provide Biomass Secure Power Inc. with an estimated annual gross income of $37,500,000.
LG International Corp is the second largest conglomerate company in South Korea.