Kleangas Announces Strategy Going Forward
September 12 2014 - 3:14PM
eTeligis
TAMPA, FL(Eteligis Inc.)
TAMPA, FL, United States, via ETELIGIS INC., 09/12/2014 - -
Kleangas Energy Technologies, Inc. (OTC Pink: KGET) (PINKSHEETS:
KGET):
Dear Shareholders,
Every day, Kleangas receives e-mails and views posts from people
asking for news, information, and updates. I would like to take a
moment to update our shareholders on our direction as a
company.
We are going through a shift from a broker based income strategy
to a production based income strategy. The reason for this is a
good one for our company. We anticipated a robust brokerage season
that would generate significant revenue growth. What happened is
that the biomass pellet energy market is growing faster than anyone
anticipated. As a result there is insufficient production on the
market to sustain a brokerage system. We saw this coming, but it
has arrived sooner than we could get our production ramped. Due to
this increased demand we have not hit the brokerage goals we
originally planned. What it does mean is that we are poised to
plunge into a robust and strengthening market as our production
comes online.
Key to our production strategy was the acquisition of SCR. While
the wood pellet industry is strong and growing stronger, it is a
market which already has solid players. We will produce wood
pellets but it will be part of a larger pellet portfolio. There are
numerous sources of potential biomass that offer a more promising
future than wood. These are annual plants that can be cultivated in
a single year, versus trees which require multiple years of growth
prior to harvest. Many of these plants however, have no established
pelleting methodology in place. If we were going to pioneer new
sources of biomass for the energy pellet market we needed a strong
research component to accomplish that. That research component is
SCR. They have developed products that have bested every
competitive product on the market for animal bedding and kitty
litter they have faced. They have developed a potpourri line made
from paper pellets that has a longer lasting scent than their
competitors. They are well into testing that will bring their
pellets into the agricultural markets and the building materials
markets. This expertise and ability to think of ways to use a
pellet that no one has thought of before make them an invaluable
asset to our energy pellet business going forward.
SCR has two production lines scheduled to be operational in
early 2015. The plan is to have two additional lines in production
by mid-2015. We will then begin setting up energy pellet production
lines with new sources of biomass to take Kleangas Energy
Technologies into a thriving and rapidly growing biomass energy
pellet industry.
We have a great plan and a great strategy in place, and our
future is amazing.
Sincerely,
Bo Linton
CEO
And additional information can be obtained if you:
Like us on Facebook at www.facebook.com/kleangas, and
Follow us on Twitter at twitter.com/Kleangas
About Kleangas:
Kleangas Energy Technologies, Inc., is a company dedicated to
producing alternative clean technologies and products that promote
energy efficiency throughout a wide range of applications. Through
its wholly owned subsidiaries Kleangas manufactures and sells wood
pellets as an alternative to coal and a waste heat to electricity
patented technology. Green Day Technologies Inc. has licensed
patented waste heat to electric power generation technology and
works as a co-generator when installed on a primary electrical
generator unit. It is also powerful enough to serve as a primary
energy source. Green Day's subsidiary G-PEL also has pending
contracts to sell refuses and biomass derived pellets, which are
alternatives to producing electricity instead of the traditional
method of burning coal. Second Cycle Recycling subsidiary of
Kleangas creates pellets made from recycled paper to be used for
cat litter, animal bedding and a variety of other used to be
developed.
Safe Harbor Statement:
Safe harbor from liability established by the Private Securities
Litigation Reform Act of 1995. These forward-looking statements
generally can be identified by phrases such as Kleangas or KGET or
its management "believes," "expects," "anticipates," "foresees,"
"forecasts," "estimates" or other words or phrases of similar
import. Similarly, statements herein that describe the Company's
business strategy, outlook, objectives, plans, intentions or goals
also are forward-looking statements. All such forward-looking
statements are subject to certain risks and uncertainties that
could cause actual results to differ materially from those in
forward-looking statements.
CONTACT:
Kleangas Energy Technologies, Inc.
http://www.kleangas.com/
Telephone 1-727-330-3774
E-mail: info@kleangas.com
SOURCE: Kleangas
Energy Technologies, Inc.
Associated Documentation:
http://www.eteligis.com/ViewSubmission.aspx?submissionRequest=27782
- Link to submission on http://www.eteligis.com
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