October 28, 2008
Burrtec Waste Selects ALT to Supply LNG to Second Location
Applied LNG Technologies USA, LLC ("ALT"), wholly owned subsidiary of PNG Ventures, Inc. (OTCBB:PNGX), today announced an agreement to supply liquefied natural gas (LNG) and fueling equipment to Burrtec Waste and Recycling Services for their fleet of 18 LNG refuse haulers used for residential, municipal, industrial and commercial waste management services at their Palm Desert, California location.
Founded in 1955, the Burrtec Waste family of companies is the largest privately held solid waste management organization in the State of California. Having already converted more than 50 percent of its fleet to either Liquefied Natural Gas (LNG) or Compressed natural Gas (CNG) fuels, the company received recognition, including the Natural Gas Vehicle Coalition Award, for their efforts and commitment to the environment. ALT has provided LNG to Burrtec at its Fontana, California, location for more than five years.
Burrtec Waste's utilization of LNG enables them to honor their commitment to provide the most cost-effective solution while meeting the needs of the communities they serve. Burning LNG reduces harmful emissions of smog-forming NOx by more than 30 percent and Greenhouse Gas emissions by more than 20 percent. Burrtec's use of clean-burning LNG will significantly reduce transportation costs and harmful emissions, allowing their fleet to run more efficiently and with less maintenance.
"Burrtec Waste seeks to utilize the best in technology and environmental efficiencies," said Kevin Markey, President and CEO of ALT. "We're here to help them improve, not only their bottom line, but the environment they operate in. We look forward to growing with them."
ALT's production facility located in Topock, Arizona, is wholly owned by Arizona LNG, LLC, sister company to ALT, and is a subsidiary of PNG Ventures, Inc. (OTCBB:PNGX). The Company produces and markets liquefied natural gas (LNG). The Company is focused on meeting the growing demand for alternative fuels in the domestic market. The Company's web site is www.altlng.com.
About Burrtec Waste Industries
Headquartered in Palm Desert, California, Burrtec Waste and Recycling Services serves the communities of Cathedral City, Coachella, Indian Wells, Indio, La Quinta, Palm Desert, Rancho Mirage, Salton Sea, Twentynine Palms, Yucca Valley as well as areas of unincorporated Riverside and San Bernardino County. The company provides collection, recycling, and disposal services to public sector, commercial, industrial and residential customers throughout this area. Burrtec Waste Industries, Inc., its sister company EDCO Disposal Corporation and other Burrtec affiliated companies collectively make up the largest privately held solid waste management organization in the State of California. Originally started by the Burr family in 1955, the Company is still owned and operated by the Burrs'. For more information visit the company's Website at www.burrtec.com or http://www.burrtecdesert.com/.
Forward-Looking Statements Disclosure
This press release may contain "forward-looking statements" within the meaning of the federal securities laws. In this context, forward-looking statements may address the Company's expected future business and financial performance, and often contain words such as "anticipates,""believes,""estimates,""expects,""intends,""plans,""seeks,""will," and other terms with similar meaning. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can provide no assurances that these assumptions will prove to be correct. In connection with the "safe harbor" provisions of the federal securities laws, including the Private Securities Litigation Reform Act of 1995, important factors that, among others, could cause or result in actual results and experience to differ materially from the Company's anticipated results, projections, or other expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements, risks, and uncertainties, and by reference to the underlying assumptions.