EncounterCare Solutions Subsidiary, CyberFuels, Acquires Certain Assets of AlternaFuels
July 30 2012 - 9:00AM
Marketwired
EncounterCare Solutions, Inc. (PINKSHEETS: ECSL) announced today
that its subsidiary, CyberFuels, Inc., has acquired certain assets
from AlternaFuels, Inc.
AlternaFuels, Inc.
has commercialized a fuel product designed to replace the current
formulation of gasoline. The proprietary patent-pending gasoline
replacement product was developed over several years. The product
is sold under the trade name
Singular 96™. The
fuel is an enhanced energy feedstock blended with methanol and
gasoline. The product is manufactured in the United States and
exported to Canada. Environmental Canada's Oil, Gas and Alternative
Fuel Division (similar to the US EPA) has no regulations
prohibiting or limiting the use of methanol blends in
transportation fuels.
The initial delivery of the Singular 96™
occurred on May 25, 2012. Approximately, 800 vehicles were fueled
with Singular 96™. The first customer is a
group of 20 Federated Independent Stations (FIS) that are located
outside of Montreal, Quebec. The price for this premium grade 96
Octane fuel was seven (7) cents a gallon below the local prevailing
price for regular grade 87 Octane gasoline.
The assets purchased included all existing contracts, and
intellectual property, including patents, pending patents and Trade
Marks. Included in the acquisition is a $150 million contract for
conversion of the twenty stations in Montreal to Singular 96™. Deliveries are underway and the schedule
ramps up to 24 shipments per week within three weeks. CyberFuels
has raised sufficient capital to fulfill the existing
contracts.
The company expects to make additional information available
regarding this contract and other company initiatives in an updated
business plan that will be released in August.
About EncounterCare Solutions:
EncounterCare Solutions, Inc. (PINKSHEETS: ECSL), headquartered in
Palm Beach Gardens, Florida is an integrated healthcare and Energy
company that operates its business through three divisions, the
Healthcare Technology Division, the Healthcare Services Division,
and the Energy Division. ECSL's three operating businesses offer a
broad range of proprietary healthcare technology, products and
services, and energy that address several substantial target
markets, including: the Healthcare Information Technology market,
the Healthcare Telemedicine market and the Homecare market. The
addition of Cyber Fuels adds a new and exciting area of business.
www.EncounterCare.com
About AlternaFuels, Inc.
AlternaFuels comprises disruptive or transformational
technologies that support energy independence based upon indigenous
sources of potential energy that vary by state, region and country.
The proprietary, patented and patent pending energy technologies of
AlternaFuels share the common thread of changing the form of energy
in novel chemical-physical processes, rather than biological
processes, to amplify the amount of useful energy that can be
harvested.
Safe Harbor: Certain statements and
information included in this press release constitute
"forward-looking statements" within the meaning of the Federal
Private Securities Litigation Act of 1995. When used in this press
release, the words or phrases "will likely result," "expected to,"
"will continue," "anticipated," "estimate," "projected," "intends,"
or similar expressions are intended to identify "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Such statements are subject to certain risks,
known and unknown, and uncertainties, including but not limited to,
economic conditions, dependence on management, dilution to
shareholders, lack of capital changes in laws or regulations, the
affects of rapid growth upon the Company and the ability of
management to effectively respond to the growth, demand for
products and services of the Company, newly developing
technologies, its ability to compete, conflicts of interest related
to party transactions, regulatory matters, protection of
technology, lack of industry standards, the effects of competition,
and the ability of the Company to obtain additional financing. Such
factors could materially adversely affect the Company's financial
performance and could cause the Company's actual results for future
periods to differ materially from any opinions or statements
expressed within this press release.
For more information contact: Brian Pybus 561-282-1870
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