Business & Finance
Business and Finance
Business and Finance
Wed, January 14, 2009 New Green Technologies Announces Filing of Final Permit Requirements for Plant Operations
TAMPA, Fla.--([ BUSINESS WIRE ])--New Green Technologies, Inc., (OTCBB:NGRN) announces that it has obtained the architectural drawings necessary to complete the installation of their 15 ton mobile waste to energy unit in Palm Harbor, Florida. NGRN expects to obtain permitting approval by January 19 and will commence construction at that time. NGRN anticipates the grand opening of its mobile plant by the middle of February.
Once completed, this plant will utilize a variety of different waste feedstocks including automobile shredder residue (ASR), carpet waste, citrus waste, tobacco waste, wood waste, agricultural wastes, and others to create oil and gas. It is anticipated that the results of running these feedstock through the Palm Harbor plant will show the viability of using the CAVD system as a means of profitable waste remediation.
About New Green Technologies, Inc.
New Green Technologies, Inc. (OTCBB: NGRN). New Green Technologies is currently focused on using its newly acquired technology to move forward in the bio-fuel and waste flow industries. With revolutionary technology, the Company can now make significant impact in the newly emerging bio-fuel and other waste industries. New Green Technologies primary technology is the Catalytic Activated Vacuum Distillation (CAVD) system which is an exclusively patented technology which allows waste products, such as DDG, carpet waste, algae, citrus waste, tobacco waste, municipal waste, and others, to be converted into a bio-fuel and gas. The Company has also acquired a plasma arc to energy technology along with a patented technology using waste water, fluid or gas flows to create electricity. NGRN's unique hydro and gas technology is being licensed to other parties for development.
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statement of NGRN officials are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future NGRN actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and NGRN has no specific intention to update these statements.
