Petlife Pharmaceuticals Inc. (PTLF)

[Bang Bang]

Yeah, the 10k "likes" on FB was shocking to me. BTW- Here is the website for their "partner" Raptor Technology Group (explained in the below PR) http://www.raptortechnologygroup.com/


GROVELAND, FL., August 15th, 2011 - Eco Ventures Group, Inc (OTCBB: EVGI) announced today that it has signed a joint venture agreement with Raptor Technology Group, Inc. to commercialize its proprietary mineral recovery technology. Under the terms of the agreement, EVGI will provide funding, management and business development services to construct and operate an initial 10,000 ton per year mineral recovery facility utilizing this proprietary recovery process.

As of today, the infrastructure for a 10,000 ton per year facility has been constructed. This includes the permitting, plumbing and most of the necessary equipment to run the facility at full capacity. Initially, the plant will operate as a 5,000 ton per year facility. As EVGI completes the next phase of development, the plant will increase the production to full capacity processing 10,000 tons of ore per year. EVGI will use proprietary technology anticipated to process a ratio of 10 to 1 raw ore to concentrated ore. For example, processing 5,000 tons of concentrated ore is equivalent to processing 50,000 tons of raw ore.

The plant will utilize an advanced, proprietary separation and leaching technology that does not use hazardous chemicals to recover precious metals including, gold, platinum, palladium and rare earth elements. EVGI has an exclusive, long-term contract with a Utah mining company to supply the ore for this project.

This proprietary methodology of concentrating the ore body prior to processing is delivering promising returns from the labs. Initial testing of the contracted ore by an independent assay lab has produced significant results showing gold, platinum and palladium.

"This joint venture between EVGI and Raptor will be one of the keys to our success. Our company is focusing on a long-term plan to maximize the commercialization and production of both the technology and our ore contract. The initial claim represents more than 12,000,000 potential tons of ore to process. This unique minerals recovery technology, along with our current ore supply, has the potential to keep the plant running for many years," said Randall Lanham, CEO of Eco Ventures Group. "Precious metal prices have been at historically high levels and we expect that this agreement for mineral extraction will contribute a significant portion of EVGI's future revenues and projected profits," added Lanham.