Eco Ventures Featured in Biofuel Industry Research Report
GROVELAND, Fla., Nov. 15, 2012 /PRNewswire/ — Eco Ventures Group, Inc. (OTCBB: EVGI), an emerging producer of diversified sustainable alternative energy and resources, today announced the Company was featured, favorably, in a recent research report on the biofuel industry. That report, titled, “What Happened to Biofuel 1.0?” is available at http://seekingalpha.com/article/939371-what-happened-to-biofuel-1-0.
The research report is written by Randy Lewis, MBA, CFA, AVA, founder of The GSL Group (www.thegslgroupllc.com). Mr. Lewis is a highly accredited securities analyst with 13 years experience, and GSL specializes in valuation and business planning services. Excerpts from the report include:
“Earlier this summer, EVGI signed a definitive agreement to acquire Energiepark Suptitz GmbH, a German rapeseed oil producer (‘EPS’). EPS is also involved in brokering rapeseed oil and has some interests in solar and wood chips as well. What was 75% ownership, will now be 100%.”
“Regarding revenue, management is talking some big numbers, which include primarily EPS. FY 2013 revenue will be derived from:
- EPS operations which include the aforementioned
- A 3.6 million gallon biofuel facility to begin operations Q1 2013
- Another five million gallon facility to begin operations around the beginning of Q4 2013.”
“Things look more promising especially with the announcement last week of an expanded EPS deal for $121 million over the next 15 months. The contract with this existing customer was slated to account for about $15 million this year.”
“Furthermore, the balance sheet – read, ‘net assets’ – acquired from EPS might make the company ready for a senior exchange almost immediately.”
Eco Ventures provides the link to the report, and excerpts, as courtesy to its shareholders for informational purposes. The price targets, financial projections and other opinions contained in the report are strictly those of the analyst and not of Eco Ventures.
About Randy Lewis, The GSL Group
Founder of the GSL Group, LLC (www.thegslgroupllc.com). Mr. Lewis has more than 13 years experience in securities and portfolio analysis, as well as corporate financial advisory and strategic planning. GSL specializes in valuation and business planning services. Prior to forming GSL, he served as an equity analyst at SSI Investment Management, Inc., a $500+ million money management firm, specializing in sophisticated, hedged investment strategies, and serving institutional and high net worth clients.
Mr. Lewis has had several articles published, most notably in HFR Journal of Hedge Fund Research on the subject of merger arbitrage. He received his Bachelors Degree with honors in Finance from California State University, Fullerton, an MBA from the Anderson School of Management at UCLA and is a holder of the Chartered Financial Analyst (CFA) and Accredited Valuation Analyst (AVA) designations. He is also an assistant professor of business at Los Angeles Pierce College, as well as a member of the CFA Institute (CFAI) and the National Association of Certified Valuation Analysts (NACVA).
About Eco Ventures Group
Eco Ventures Group, Inc. (“EVGI”) is both acquiring and developing a portfolio of ecologically friendly businesses to provide renewable energy and related feedstock (www.ecoventuresgroup.com).
The Company on August 7 reported it had signed a Definitive Agreement to acquire EPS. EPS is a Germany-based diversified alternative energy feedstock, transportation, heat & solar power production company with approximately 50 employees — whose primary business is the production, processing and brokering of alternative energy feedstocks including rapeseed, palm oil and wood. The acquisition combines two renewable energy companies whose technology, bio fuel and grid-tied energy products will create a diversified international platform with important operating synergies.
Safe Harbor Statement
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: EVGI encourages those interested in our Company to rely only on information included in our filings with the United States Securities and Exchange Commission which can be found at www.sec.gov. Statements released by Eco Ventures Group, Inc. that are not purely historical are forward-looking within the meaning of the “Safe Harbor” provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the company’s expectations, hopes, intentions, and strategies for the future to include all those of its intended acquisition of Energiepark Suptitz, GmbH. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the company’s business prospects and performance. The company’s actual results could differ materially from those in such forward-looking statements. Risk factors include but are not limited to general economic, competitive, governmental, and technological factors as discussed in the company’s filings with the SEC on Forms 10-K, 10-Q, and 8-K. The company does not undertake any responsibility to update the forward-looking statements contained in this release.
Eco Ventures Group, Inc.
7432 E. Highway 50, Suite 101
Groveland FL 34736
Phone: (352) 557-4830
Tel: (561) 989-3600
SOURCE Eco Ventures Group, Inc.