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Vega in Final Phase of Redesigned Green Valley Project

^{Published on 2009-11-30 06:45:25 - Market Wire}
 

LONDON--(Marketwire - November 30, 2009) - VEGA PROMOTIONAL SYSTEMS, INC. (PINKSHEETS: [ VGPR ]) provided the following update today on the Company's Green Valley Project.

Located in western Indiana, The Green Valley Project is a multifaceted green energy power production facility that is designed to convert inexpensive methane gas from an abandoned coal mine into electricity and thermal energy.

There are three phases to the project that must be completed in order to produce electricity. The first step was securing the rights to the methane gas from the Green Valley Mine. As recently announced, Vega has entered into a Gas Purchase Agreement with Chattanooga based, Tennessee Power Company to purchase the necessary methane gas to run the project. Tennessee Power Company owns the rights to the coal bed methane located in the 314 acre Green Valley coal mine.

The methane gas from the mine will be delivered through gas lines to the production facility located on the surface just above the mine. The second phase of the project was securing the production facility. The Company recently announced it has entered into a lease of the entire production site.

The methane has been tested and a successful demonstration project was in operation for approximately three years, proving the viability of utilizing the coal bed methane from the Green Valley Mine as a sole source fuel to generate electricity from natural gas reciprocating engine generator sets. Replacing the generator sets is phase three of the project. The Company's engineers will be meeting at the site the second week of December with representatives from recently chosen ARE Energy, a division of American Railroad Equipment to discuss the proposed delivery and set up of the new generator sets. Once the power production facility is restarted it will produce approximately 5 megawatts of power that will be sold to the local power company.

The Company will release additional details on The Green Valley Project as the project moves forward.

View this release in video format: [ http://www.vodnewswire.com/vodnewswire/news/vegapromosystems-20091130/ ]