SEATTLE, WASHINGTON--(Marketwire - 02/01/11) - ecoTECH Energy Group, Inc. (OTC.BB:ECTH - News), headquartered in Seattle, WA is a development-stage Renewable Bio-Energy Company which plans to manufacture biomass-fueled Power Stations that produce renewable and sustainable "green" energy products. ecoTECH specializes in the development and operations of thermal, 24/7, "firm" electricity supply from state of the art "zero-carbon-footprint" power stations which utilize proprietary ecoTECH technologies that have been continuously improved and fine-tuned by its senior management over the past 30 years. ecoTECH intends to build five Combined Heat and Power ("CHP") Power Stations across North America during the next five to seven years. Active negotiations are in process with site owners, fiber suppliers, municipalities, utility companies and energy brokers.
The Company is in the ground-breaking stage of three large projects located across North America, in both the U.S. and Canada. Using local wood waste biomass, these projects will provide electricity and fuel products to multiple communities, with excess energy production available to external utility companies and energy brokers which can be transferred easily via the Grid infrastructure. In addition to utilizing the Company's proprietary technologies, these projects will also incorporate proven technologies created by external parties with which the Company has partnered. ecoTECH's focus is within North America first, however, plans to pursue other world markets subsequently. The Company has evaluated a number of value added processes to provide maximum return on investments and meet market demands for biomass products. Using low cost heat and steam vented from the adjacent Power Station, biomass will be processed at temperatures ranging from 200 degrees to 320 degrees c in the absence of oxygen to produce torrefied pellets. Torrefied pellets or briquettes ("green fuel") will be produced for markets in Europe, North America and other areas where coal-fired power plants are seeking low carbon fuels. (Torrefied wood briquettes have higher energy content and none of the ash and mineral contaminants that are embedded in standard fossil coal). More information about the Company may be found at www.ecotechenergygroup.com.
Company: ecoTECH Energy Group, Inc.
Headquarters Address: 800 Fifth Ave., Suite 4100 Seattle, WA 98104
Main Telephone: 206-259-7867
Ticker: ECTH (OTCQB & OTCBB)
Standard & Poors Market Access Profile:
Type of Organization: Public
Industry: Energy/ Alternative Energy
Fiscal Year: December 31
Investor Relations: Phone: 213-254-2440
ecoTECH's management team consists of the following individuals:
Colin V. Hall, CEO, Chairman & Director
Born and educated in England with diplomas in design, graphics, technology and management, Mr. Hall is an innovative designer of chemical and pollution abatement processing systems and machinery. He has also designed and built thermal devices, power generation systems, gas transport systems, oil and water drilling rigs, materials handling systems (wood, municipal solid waste and other waste), heavy vehicles, transport and handling equipment, machinery and processing systems for the past 28 years. Colin Hall has patented devices for anti-jackknifing of heavy road trucks, anadromous fish devices and sono-chemical power generation.
Over the past 15 years his abilities have been directed towards the development of fully integrated systems for energy production and waste management, reduction and processing. He is a recognized expert in the design and development of environmental control & processing systems. He led the development and promotion of the Western Renewable Fuels project for four years in the 1990's. He designed the integrated waste-to-energy system, (the Mark V Phase Conversion Thermal Reactor), and has made many improvements on existing designs for components of environmental remediation systems.
Erik Odeen, CPA, CFE, CFO & Director
Erik Odeen is a seasoned executive with over 22 years experience in corporate management, financial leadership, international manufacturing & distribution operations, and public accounting. He manages a consulting practice which provides financial management and strategic-planning advisory services to both public and privately-held company clients. More recently, Erik's focus has been corporate restructuring and reorganization, SEC and BCSC reporting, resolving complex accounting issues, corporate fraud prevention and Sarbanes-Oxley compliance.
Mr. Odeen's public company experience ranges from start-up and development stage to Fortune 100 companies, including turn-around and M&A engagements. He serves on two public company Boards and also as an audit committee chairman. During his 13 year career with International Paper, Erik was instrumental in the planning and implementation of financial and operating systems, and served in senior-level management positions with a division of XPEDX, IP's $6 billion distribution arm. Erik earned a Bachelor of Business Administration in accounting and economics; holds an active CPA license in the state of California; and is an active member of the American Institute of Certified Public Accountants (AICPA), the Washington Society of CPAs (WSCPA), the California Society of CPAs (CalCPA), and the global Association of Certified Fraud Examiners (ACFE).
Stuart Mason, COO
In 1983, Stuart completed a five year industrial apprenticeship at a steel production facility, where he was qualified as a London Institute Certified Electrical and Electronics Engineer. After a decline in the European steel market, Stuart worked as an Operations Manager of a nationwide mobile equipment company. In 1998, after working for a short time in other parts of Europe, he immigrated to Canada, where he assumed the role of Western Regional Manager of Auramo Ltd. (a handling equipment supplier to the paper industry). In 2003 he was employed by Catalyst Paper Corporation as Technical Logistics Specialist. Stuart was responsible for supervising product damage prevention, training, transport utilization, supplier and warehouse audits, and specification of mobile and handling equipment.
As team leader and "trainer of trainers", Mr. Mason has designed and implemented material handling and damage control systems which have delivered millions of dollars in annual cost savings for companies he has represented. Mr. Mason was also responsible for ensuring the facilities were in compliance with North American Transportation Regulatory Guidelines.
Terry J. Ferguson, Executive VP Business Development, Director
Mr. Ferguson has over 30 years' experience in business management, sales and marketing; beginning in the Energy Conservation Industry in 1978, marketing products and services to homeowners and businesses to reduce energy consumption. In 1981, Mr. Ferguson co-founded SEI Industries Ltd., a word leader in design, development, manufacture and marketing of technologies for forest fire fighting.
The SEI Bambi Bucket helicopter fire-fighting system was the winner of the Manning Award for the best new technology in Canada in 1986. Other products included fuel and water delivery and storage systems for remote locations. Terry Ferguson is experienced in the computer industry, including sales and marketing of hardware, software and systems integration products and services. In the late 1990's Mr. Ferguson was instrumental in researching and analyzing costs, viability and logistics for several projects with the Biozyme Group, including a multi-vessel krill fishing project in the Antarctic and a fisheries waste recovery plant in Prince Rupert, BC.
John Matthews, Executive VP Engineering, Director
John Matthews was born and educated in the United Kingdom. He began working for Ford Motor Company as an apprentice, receiving a degree in mechanical engineering. Mr. Matthews has held various senior level positions with various manufacturing companies in the United Kingdom and Canada, and has developed extensive skills in precision, light and medium engineering. The products and equipment delivered to market in his career include commercial vehicles (buses & semi-trailers) as well as military and automotive components. This led Mr. Matthews to the delivery of various Just-In-Time cost reduction programs, while implementing his design talents to create innovative solutions to manufacturing problems. His main area of expertise is in technology, design for manufacturing and system process equipment production.
Mr. Matthews brings a wide range of technical management and manufacturing experience to the Company. He has worked with designer and ecoTECH CEO Colin Hall for over 30 years, gaining experience in Europe, North America and China, acting as technical liaison officer and executive engineer for a wide range of products and projects.
Anne Sanders, VP Administration, Director
Anne Sanders brings international business experience to the executive group. She owned and operated a successful Vancouver based travel agency through the late 1980's and early 1990's before switching careers into the public company sector. Ms. Sanders brings several years of administrative and public company law compliance expertise to the group. Her work encompasses public relations, investor relations, investment compliance for the Securities Exchange Commission, and filings in accordance with the requirements for disclosure in Canada and the USA.
Notice regarding forward-looking statements
This press release contains forward-looking statements that may be subject to various risks and uncertainties. Such forward-looking statements are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and may include statements regarding our future financial performance or results of operations, including expected revenue growth. Unless otherwise required by law, we undertake no obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events or otherwise after the date of this press release. Additional information concerning risks and uncertainties that would cause actual results to differ materially from those projected or suggested in the forward-looking statements can be found in the reports that we have filed with the Securities and Exchange Commission.