Heartland Energy Receives First Shipment Of Ethanol Production Equipment
Posted on: Wednesday, 18 October 2006, 18:01 CDT
Heartland Energy Group Inc. (Pink Sheets:HEGP) announced today that it has received the first shipment of ethanol production equipment from Dogwood Energy, LLC. As part of a previously signed agreement, Heartland Energy will exclusively sell and market Dogwood's full line of ethanol stills and related ethanol products in the Louisiana territory. In addition, the agreement grants Heartland Energy, first option rights to the territories of Arkansas, Texas, and Oklahoma.
Under the agreement Flex Fuel America, Heartland Energy's product sales and marketing subsidiary, will represent Dogwood's full line of products including the home- and farm-based ethanol still, Bio-Diesel Production kit, and several ancillary alternative energy related products. Ethanol can be produced through a home-based distilling process utilizing ethanol stills. These stills enable the annual production of ten thousand gallons of ethanol for home-based stills and ten million gallons for larger commercial based stills.
Roy Thornhill, President of Heartland Energy Group, Inc., stated that: "Since the receipt of our first shipment, we've received an overwhelming consumer response in relation to our full product line. In addition, The Alexandria Town Talk, a local newspaper, has published our progress on their front page and has commended our rapid progress. I'm pleased with our direction and ability to be at the forefront of ethanol marketing."
Ethanol Industry:
The growing interest in ethanol, a clean, corn-based renewable resource, has paralleled the escalating price of gas and the urgent need to break the country's dependence on crude oil. Recently, the Big Three automobile manufacturers, GM (NYSE:GM), Ford (NYSE:F), and DaimlerChrysler (NYSE:DCX), appealed to Congress for incentives to increase the number of gas stations that offer blends of ethanol. Last year, Microsoft (NasdaqGS:MSFT) co-founder Bill Gates pumped $84 million into Pacific Ethanol (NasdaqGM:PEIX). Sir Richard Branson, chairman of the Virgin Group and worth an estimated $3 Billion, has plans to invest $300 to $400 million to produce and market this alternative fuel. Vinod Khosla, "guru" of Silicon Valley, co-founder of Sun Microsystems (NasdaqGS:SUNW), and one of ethanol's most vocal advocates, has personally invested millions in private companies involved in the development of ethanol.
About Dogwood Energy:
Dogwood Energy, LLC. is engaged in the business of manufacturing & distributing ethanol and biodiesel production equipment and products. We also offer educational seminars on the production of ethanol. By educating our customers, we hope to relieve US dependence on foreign energy sources.
About Heartland Energy Group, Inc.:
Heartland Energy Group, Inc. is a North American-based alternative fuel resource and service company, dedicated to developing the infrastructure for the delivery of ethanol (e85). Heartland seeks to eliminate North America's dependency on foreign energy sources by focusing on innovative engineering that will enable the mass distribution of ethanol. Heartland Energy Group will transcend the future of renewable energy resources, with the ultimate goal of creating a cleaner brighter energy solution for North America. For more information, visit us at www.HeartlandEnergyGroup.com.
Forward-Looking Statements:
Based on current expectations and assumptions, forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical experience and projections. Such forward-looking statements are inherently uncertain, and actual results may differ from those expressed or implied. Consequently, readers should not place undue reliance on any forward-looking statements. Heartland Energy Group, Inc. undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Source: Business Wire
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