EcoloCap Signs Agreement with GFE Biofuels S.A. (GFE) to Operate and Distribute in Central America. GFE Orders the First NPU-60 and Additive.


Barrington, IL. (PRWEB) August 01, 2012

July 31, 2012, EcoloCap Solutions Inc. (OTCBB-ECOS) is pleased to announce that it has signed a distribution/operation agreement with GFE Bio Fuels S.A a company organized under the laws of Costa Rica and having its principal office at Liberia, Guanacaste to operate and distribute ECOS diesel/water emulsion (M-Fuel) production equipment (NPUs) as well as EcoloCaps proprietary additive, to initially cover certain countries of Central America, and then extend to other areas based on minimum target achievement.

The NPU-60 has a production capacity of 60 metric tons of M-Fuel/day (18,000 gallons) and represents a purchase price of some $ 850,000. The NPU-60 consumes $ 4500 a day of additive when in full production. The GFE purchase order of the NPU-60 includes a two months supply of additive.

States Michael Siegel, President and CEO of EcoloCap: This agreement will open the Central American market in a very short time frame. Independent tests demonstrate that our M-Fuel technology will reduce the consumption of diesel and other heavy oil by up to 30% and further reduce particulate emissions by over 90%, and NOx by 60%. Costa Rica being a very environmentally conscious country and at the same time dependent on HFO and Diesel for power generation, M-Fuel represents the answer to drastically reduce harmful emissions and cost of fuel. This contract represents over $ 7,500,000 in revenue for EcoloCap over the 12 month following the signature of this contract.

Joseph Black President and CEO of GFE Biofuels S.A, Costa Rica states: We at GFE Biofuels S.A (GFE) are pleased to announce the signing of an Exclusive Purchase and Distribution Agreement with EcoloCap Solutions Inc., encompassing all EcoloCap products and technology. The exclusive territories include Costa Rica, Nicaragua, and Panama as well as some specifically targeted customers in other countries. GFE has big plans for this product once the commissioning of the first NPU-60 and field testing have been successfully completed in Costa Rica with a target date of the end of 2012.

GFEs team has conducted extensive market studies and created a network of customer bases in Central and Latin America, Canada, and the Bahamas. GFE is opening discussions with our partners and client base in these regions to prepare them for the use of this new technology.

The M-Fuel Product Model offering is a no brainer providing low cost solutions to a huge problem every country on this planet is faced with: