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Feedback
Die Rakete in 2008?
Antwort auf Beitrag Nr.: 32.579.506 von Depotmanager04 am 27.11.07 11:20:18Kunstrasenhersteller vormals XL-Generation.
wer kann etwas zum Umtausch der shares sagen, zur Umfimierung der Firma und und und...?
gehandelt wird ja....
Trading Spotlight
keiner Investiert? still ruht der See; was wird kommen? 
Gehts jetzt endlich weiter? Ecolocap Solutions Inc.: Announcement
12-18-2007 04:15:00 PM
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MONTREAL, QUEBEC--(Marketwire - Dec. 18, 2007) - Ecolocap Solutions Inc. (OTCBB: ECOS) is pleased to announce that it has entered into a Memorandum of Understanding with United Best Technology Limited for the purchase of assets including intellectual property, knowledge, contacts, technology, and contracts it owns relating to the creation of Carbon Credits (CERs) under the Clean Development Mechanism as described under the Kyoto Protocol. The effective date of the Memorandum is the 7th of January 2008 and the execution of a definitive agreement and closing of the transaction is expected within 45 days of this effective date. During this 45 day period EcoloCap will conduct due diligence procedures and develop a definitive agreement for the transaction.
The price of the assets was set on September 7th, 2007 during ongoing negotiations. The total cost of the acquired assets will be three millions five hundred thousand restricted shares of the Company's Common Stock. The Memorandum of Understanding provides that the purchase price shares will be paid as the Seller delivers the acquired assets to the Company within a defined performance period. Among the assets United Best will be required to deliver during the performance period provided within the definitive agreement, will be contractual project commitments representing a yearly minimum production of Three Million Six Hundred Thousand CERs, that can be certified and traded as provided within the Kyoto Protocol.
Ecolocap Solutions Inc. also entered into an Agreement for the services of Dr. Tri Vu Truong to serve EcoloCap in the capacity of President and Chief Executive officer. This agreement has an effective date that is linked to the closing of the above transaction. Dr. Truong is highly experienced in the areas of expertise required by the Company's new business. He has worked in the environmental sector since 1970, upon completion of his B. Engineering degree, complemented by a Master's degree in Chemical Engineering in 1971 and a Ph.D. degree in Civil Engineering with Environmental Option in 1975. His professional career includes the realization of many major scientific and technical studies and projects. Dr. Truong was responsible in 1977 for the creation and operation of the Permits & Inspections Division of the Montreal Urban Community-Environment Department. He has taught several post-graduate courses at the prestigious Universite de Montreal's Ecole Polytechnique. As President of the Sodexen Environmental Engineering Group since 1981, Dr. Truong has managed numerous major environmental impact projects, including: Comparative study of the environmental impact of dust-palliatives (MTQ 1988, 1989, 1990); Environmental decommissioning of a polystyrene production complex (BASF, 1988-1990); Solid waste management study relating to the closure of the Miron landfill (Montreal, 1988-90), as well as various research & development projects in the area.
In Vietnam and other countries, Dr. Truong has led numerous studies, projects and training seminars in the fields of solid waste management and urban planning: Hanoi Solid Waste Management Master Plan for the period of 1995 - 2015 (1996-1998); Biomedical waste treatment (Morocco 2000); Watershed management, urban & industrial wastewater control (Cau River Basin Environmental Intervention Plan- (VietNam 2003)); Waste to Energy feasibilities study for Hanoi (2002-2003); Biogas enhanced Waste to Energy for Ho Chi Minh City (2004 -2005); Mega-landfill design for HCM city (2004-2006). Recently he has been actively involved in the implementation of 3 major CDM-CO2 investment projects in Viet Nam for the recuperation of biogas generated by landfills (2006-2007) as well as in CDM -CO2 for mini Hydro- power projects.
Alexander C. Gilmour, Chairman of the Board and acting Chief Executive Officer stated: "With the United Best Agreement, our Company is entering into a field that is being heralded in many quarters as the most important investment theme over the next decade. The New York Times reported "Carbon will be the world's biggest commodity market, and it could become the world biggest market overall". The retaining of Dr Truong assures us the service of one of the world's foremost authority on the methodology, design and implementation of emission reduction projects under the Kyoto mechanisms. This has to be a winning combination to create value for our shareholders." Mr. Gilmour continued, "It is apparent that the current environmental discussions in Bali appear to have reinforced the concepts established by Kyoto. Among the outcomes of the Bali meetings is that it now appears that major players who have not elected to participate in Kyoto will in two or three years participate in what I will call Kyoto II thereby insuring environmental progress through mechanisms such as those the Company is now focusing its activities upon".
Forward-Looking Statements
This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available competitive, financial and economic data and management's views and assumptions regarding future events. Such forward-looking statements are inherently uncertain. The Company cannot provide assurances that the matters described in this press release will be successfully completed or that the Company will realize the anticipated benefits of any transaction. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to: global economic and market conditions; the war on terrorism and the potential for war or other hostilities in other parts of the world; the availability of financing and lines of credit; successful integration of acquired or merged businesses; changes in interest rates; management's ability to forecast revenues and control expenses, especially on a quarterly basis; unexpected decline in revenues without a corresponding and timely slowdown in expense growth; the Company's ability to retain key management and employees; intense competition and the Company's ability to meet demand at competitive prices; relationships with significant suppliers and customers; as well as other risks and uncertainties, including but not limited to those detailed from time to time in the Company's SEC filings. The Company undertakes no obligation to update information contained in this release. For further information regarding risks and uncertainties associated with the Company's business, please refer to the risks and uncertainties detailed from time to time in the Company's SEC filings.
FOR FURTHER INFORMATION PLEASE CONTACT:
Me Claude Pellerin
Secretary
514-397-0575
cpellerin@mtllex.com
Source: Ecolocap Solutions Inc.
Hier kann man nur abwarten, was das Memurandum bringen wird. das Volumen ist heute nicht schlecht...wissen andere mehr? jetzt geht aber die Post hier ab...wo seit ihr? bin ich alleine hier?
wird morgen daran angeknüpft, wo wir heute stehen geblieben sind?
Antwort auf Beitrag Nr.: 32.819.376 von Depotmanager04 am 19.12.07 20:25:48Auch Investor Alert bringt sich gerade ein:
Ecolocap Solutions (WKN: A0M7UH) steigt in den lukrativen Markt der Schaffung von Emissionsrechten im Rahmen des Kyoto-Klimaprotokolls ein. So konnte das Unternehmen eine Absichtserklärung mit United Best Technology unterzeichnen, welche ermöglicht, Vermögenswerte einschließlich von geistigem Eigentum, Wissen, Kontakte, Technologie und Verträge bezüglich der Schaffung von Carbon-Emissionsrechten (CERs), zu erwerben. Die Absichtserklärung tritt am 7. Januar 2008 in Kraft; die Unterzeichnung einer definitiven Vereinbarung wird innerhalb von 45 Tagen nach Inkrafttreten der Absichtserklärung erwartet. Während dieses 45-Tageszeitraums wird Ecolocap eine Due-Diligence-Prüfung durchführen und eine definitive Vereinbarung im Rahmen der Transaktion entwickeln.
Der Kaufpreis für die Vermögenswerte wurde im Rahmen von Verhandlungen am 7. September 2007 vereinbart. Der Preis für die Vermögenswerte beläuft sich auf 3,5 Millionen Aktien des Unternehmens, wobei die Übertragung innerhalb einer bestimmten Vollzugsperiode stattfindet. Gemäß der Absichtserklärung werden die Aktien nach Übertragung der Vermögenswerte geliefert. Die Vermögenswerte schließen ein, dass sich United Best verpflichtet, innerhalb der Vollzugsperiode vertragliche Projektbeiträge zu erbringen, welche insgesamt jährlich 3,6 Millionen Emissionsrechte (zertifiziert und handelbar gemäß dem Kyoto-Klimaprotokoll) darstellen.
Unternehmenschef, Alexander C. Gilmour gab im Rahmen der neuen Nachricht bekannt: „Mit der Vereinbarung mit United Best konnte Ecolocap in einen Markt eintreten, welcher vielfach als der wichtigste Investitionsbereich des kommenden Jahrzehnts angesehen wird.“ Er fügte hinzu: „Die Klima-Konferenz von Bali hat die in Kyoto etablierten Konzepte bestärkt, Länder welche den Vertrag nicht ratifizierten, scheinen innerhalb der nächsten zwei bis drei Jahren den Verträgen von Kyoto beizutreten.“
Der Markt für Klimaschutz ist einer der lukrativsten Wachstumsmärkte überhaupt. Ecolocap hat diesen Trend erkannt und sich mit der Vereinbarung mit United Best Technologies bestens in diesem Markt positioniert. Mit 3,6 Millionen Emissionsrechten verfügt Ecolocap über ein riesiges Einnahmepotenzial. Bei einem Preis von rund 22 Euro je Emissionsrecht beträgt das mögliche Potenzial rund 80 Millionen Euro jährlich. Für ein kleines Unternehmen wie Ecolocap bedeutet eine solche Vereinbarung daher ein Volltreffer!
Die Ecolocap-Aktie befindet sich seit einigen Monaten wieder in einem deutlichen Aufwärtstrend. So konnte die Aktie seit den Tiefsständen um rund 300 Prozent zulegen und mit 1,88 US$ ein neues Zwischenhoch markieren. Nach den jüngsten Meldungen trauen wir Ecolocap eine weitere Kursrallye zu. Wir stufen die Aktie nach der jüngsten Meldung mit „Strong Buy“ ein und sehen das Kursziel auf mittlere Sicht bei 3 US$. Dies stellt ein Potenzial auf Basis des aktuellen Kurses von weit über 100 Prozent dar. Wir werden für Sie weiter über die Entwicklung bei Ecolocap am Ball bleiben.
Mit freundlichen Grüßen,
T. Rademacher
Chefredakteur
Investor Alert
Ecolocap Solutions (WKN: A0M7UH) steigt in den lukrativen Markt der Schaffung von Emissionsrechten im Rahmen des Kyoto-Klimaprotokolls ein. So konnte das Unternehmen eine Absichtserklärung mit United Best Technology unterzeichnen, welche ermöglicht, Vermögenswerte einschließlich von geistigem Eigentum, Wissen, Kontakte, Technologie und Verträge bezüglich der Schaffung von Carbon-Emissionsrechten (CERs), zu erwerben. Die Absichtserklärung tritt am 7. Januar 2008 in Kraft; die Unterzeichnung einer definitiven Vereinbarung wird innerhalb von 45 Tagen nach Inkrafttreten der Absichtserklärung erwartet. Während dieses 45-Tageszeitraums wird Ecolocap eine Due-Diligence-Prüfung durchführen und eine definitive Vereinbarung im Rahmen der Transaktion entwickeln.
Der Kaufpreis für die Vermögenswerte wurde im Rahmen von Verhandlungen am 7. September 2007 vereinbart. Der Preis für die Vermögenswerte beläuft sich auf 3,5 Millionen Aktien des Unternehmens, wobei die Übertragung innerhalb einer bestimmten Vollzugsperiode stattfindet. Gemäß der Absichtserklärung werden die Aktien nach Übertragung der Vermögenswerte geliefert. Die Vermögenswerte schließen ein, dass sich United Best verpflichtet, innerhalb der Vollzugsperiode vertragliche Projektbeiträge zu erbringen, welche insgesamt jährlich 3,6 Millionen Emissionsrechte (zertifiziert und handelbar gemäß dem Kyoto-Klimaprotokoll) darstellen.
Unternehmenschef, Alexander C. Gilmour gab im Rahmen der neuen Nachricht bekannt: „Mit der Vereinbarung mit United Best konnte Ecolocap in einen Markt eintreten, welcher vielfach als der wichtigste Investitionsbereich des kommenden Jahrzehnts angesehen wird.“ Er fügte hinzu: „Die Klima-Konferenz von Bali hat die in Kyoto etablierten Konzepte bestärkt, Länder welche den Vertrag nicht ratifizierten, scheinen innerhalb der nächsten zwei bis drei Jahren den Verträgen von Kyoto beizutreten.“
Der Markt für Klimaschutz ist einer der lukrativsten Wachstumsmärkte überhaupt. Ecolocap hat diesen Trend erkannt und sich mit der Vereinbarung mit United Best Technologies bestens in diesem Markt positioniert. Mit 3,6 Millionen Emissionsrechten verfügt Ecolocap über ein riesiges Einnahmepotenzial. Bei einem Preis von rund 22 Euro je Emissionsrecht beträgt das mögliche Potenzial rund 80 Millionen Euro jährlich. Für ein kleines Unternehmen wie Ecolocap bedeutet eine solche Vereinbarung daher ein Volltreffer!
Die Ecolocap-Aktie befindet sich seit einigen Monaten wieder in einem deutlichen Aufwärtstrend. So konnte die Aktie seit den Tiefsständen um rund 300 Prozent zulegen und mit 1,88 US$ ein neues Zwischenhoch markieren. Nach den jüngsten Meldungen trauen wir Ecolocap eine weitere Kursrallye zu. Wir stufen die Aktie nach der jüngsten Meldung mit „Strong Buy“ ein und sehen das Kursziel auf mittlere Sicht bei 3 US$. Dies stellt ein Potenzial auf Basis des aktuellen Kurses von weit über 100 Prozent dar. Wir werden für Sie weiter über die Entwicklung bei Ecolocap am Ball bleiben.
Mit freundlichen Grüßen,
T. Rademacher
Chefredakteur
Investor Alert
Sollte das Volumen heute ansteigen? Dann auch der Kurs?
Antwort auf Beitrag Nr.: 32.811.488 von Depotmanager04 am 19.12.07 09:53:15Habe mal etwas recherchiert
Mr. Pellerin is a corporate attorney and a partner in the law firm of Hovington Pellerin S.e.n.c. Since 2002, Mr. Pellerin has served as Director, President, Treasurer and Secretary of Capex Investments (Canada) Limited, an investments and financing corporation based in Montreal, Quebec. From 2001-2002, Mr. Pellerin served as a Secretary for Equilar Capital Corporation, an Ontario Corporation listed on the Toronto Stock exchange. Between 2002 and 2004, Mr. Pellerin served as Vice President for legal affairs for Manaris Corporation, a Nevada corporation listed on the OTCBB. Since 2003, Mr. Pellerin has served as Secretary of Gourmet Flash Inc., a Quebec corporation, and from 2004-2005 served as a Director to Canadian Security Agency (2004) Inc. Mr. Pellerin served as the Company's President, Secretary and Treasurer from June 17, 2005 until August 19, 2005, at which time he resigned as an officer but remained a director of the Company.
Mr. Pellerin is a corporate attorney and a partner in the law firm of Hovington Pellerin S.e.n.c. Since 2002, Mr. Pellerin has served as Director, President, Treasurer and Secretary of Capex Investments (Canada) Limited, an investments and financing corporation based in Montreal, Quebec. From 2001-2002, Mr. Pellerin served as a Secretary for Equilar Capital Corporation, an Ontario Corporation listed on the Toronto Stock exchange. Between 2002 and 2004, Mr. Pellerin served as Vice President for legal affairs for Manaris Corporation, a Nevada corporation listed on the OTCBB. Since 2003, Mr. Pellerin has served as Secretary of Gourmet Flash Inc., a Quebec corporation, and from 2004-2005 served as a Director to Canadian Security Agency (2004) Inc. Mr. Pellerin served as the Company's President, Secretary and Treasurer from June 17, 2005 until August 19, 2005, at which time he resigned as an officer but remained a director of the Company.
Auf was setzten die Käufer? Bin selbst natürlich auch sehr gespannt wie es weitergeht. Hallo ihr stillen Mitleser...sagt doch mal eure Meinung und wenn´s vom Wetter ist...
alles wieder nur ein Flop? keine INFOS, nichts kommt... gehandelt wird, aber auf welcher Basis? Hier kann man nur abwarten was kommt.
Naja, wer weiß was aus Ecolocap noch wird...
Item 1.01: Entry into a Material Definitive Agreement.
As of February 12, 2008, Ecolocap Solutions Inc. (“EcoloCap”) and United Best Technology Limited (“United”) entered into a Five (5) years renewable Service Agreement (the “Agreement”) pursuant to which United shall provide advice to undertake for and consult with EcoloCap concerning certain operational areas and shall review and advise EcoloCap regarding Carbon Credits (“CER”) and Clean Development Mechanism projects as well as EcoloCap’s overall progress, needs and condition in those areas, find, negotiate and close contracts and projects for a minimum of Three Million Six Hundred Thousand (3,600,000) CERs that could be certified, traded and delivered and to assist the execution of said contracts or projects by EcoloCap or one of its affiliates. To devote all its intellectual property, knowledge, technology and its contacts related to the CER and Clean Development Mechanism projects exclusively for the development of EcoloCap’s business in an exclusive and define territory. United for the exclusivity of its services was granted Three Million Five Hundred Thousand (3,500,000) restricted shares of EcoloCap’s Common Stock, out of said Three Million Five Hundred Thousand (3,500,000) restricted shares, One Million (1,000,000) restricted shares will be put in escrow as provided in the executed Escrow Agreement;
As of February 12, 2008, the December 7, 2007 Consulting Agreement (the “Agreement”) entered by and between Ecoloap Solutions Inc. (“EcoloCap”) and Sodexen Inc. (“Sodexen”) pursuant to which, Sodexen is providing the services of its representative, Dr. Tri Vu Truong (the “Representative”), who will serve EcoloCap for the “Engagement Period” in its capacity of President and Chief Executive officer (“CEO”), have been revised (the “Revised Consulting Agreement”) to reduce the “Engagement Period” to one year, and became effective as of February 1, 2008.
As of February 12, 2008, Ecolocap Solutions Inc. (“EcoloCap”), United Best Technology Limited (“United”) and Pellerin Attorneys (the “Escrow Agent”) entered into an Escrow Agreement (the “Escrow”) pursuant to which out of the Three Millions Five Hundred Thousand shares of Common Stock of EcoloCap issued to United granted under the Service agreement, One Million Shares will be deposited in escrow ( the “Escrow Securities”) and delivered within the Delivery Period as follow: Five Hundred Thousand when the first contracts or projects permitting the issuance of a total of Six Hundred Thousand CERs are delivered; One Hundred Thousand for the following contract or project permitting the issuance for each of an additional Six Hundred Thousand CERs. At the end of the prescribe period for the CER’s deliverance, all shares remaining in escrow, shall be cancelled.
The Board of Directors of EcoloCap have approved the execution of the Service Agreement and the Escrow Agreement as of February 14, 2008;
Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain officers; Compensatory Arrangement of Certain Officers.
As of February 14, 2008 the Board of Directors of Ecolocap Solutions Inc. have appointed Dr. Tri Vu Truong, as member of the Board.
Dr. Tri Vu Truong has been working in the environmental sector since 1970, upon completion of his B. Engineering degree, complemented by a Master's degree in Chemical Engineering in 1971 and a Ph.D. degree in Civil Engineering with Environmental Option in 1975. Dr. Truong was employed by the Montreal Urban Community between 1974-1980, and as Chief Engineer, he was instrumental in the creation and operation of the Permits & Inspections Division of the Montreal Urban Community –Environment Department. In 1980 Dr. Truong has joined Environmental Engineering firm Sodexen Group, and acted as President & CEO from 1994. In 2005 Dr. Truong, as consultant, has joined and acted as Vice President -Business Development, LBCD-Trow, a major Engineering group. Since 2007, Dr. Truong has joined as President & CEO, the Hong Kong based environmental consulting firm United Best Technology Limited .
Item 1.01: Entry into a Material Definitive Agreement.
As of February 12, 2008, Ecolocap Solutions Inc. (“EcoloCap”) and United Best Technology Limited (“United”) entered into a Five (5) years renewable Service Agreement (the “Agreement”) pursuant to which United shall provide advice to undertake for and consult with EcoloCap concerning certain operational areas and shall review and advise EcoloCap regarding Carbon Credits (“CER”) and Clean Development Mechanism projects as well as EcoloCap’s overall progress, needs and condition in those areas, find, negotiate and close contracts and projects for a minimum of Three Million Six Hundred Thousand (3,600,000) CERs that could be certified, traded and delivered and to assist the execution of said contracts or projects by EcoloCap or one of its affiliates. To devote all its intellectual property, knowledge, technology and its contacts related to the CER and Clean Development Mechanism projects exclusively for the development of EcoloCap’s business in an exclusive and define territory. United for the exclusivity of its services was granted Three Million Five Hundred Thousand (3,500,000) restricted shares of EcoloCap’s Common Stock, out of said Three Million Five Hundred Thousand (3,500,000) restricted shares, One Million (1,000,000) restricted shares will be put in escrow as provided in the executed Escrow Agreement;
As of February 12, 2008, the December 7, 2007 Consulting Agreement (the “Agreement”) entered by and between Ecoloap Solutions Inc. (“EcoloCap”) and Sodexen Inc. (“Sodexen”) pursuant to which, Sodexen is providing the services of its representative, Dr. Tri Vu Truong (the “Representative”), who will serve EcoloCap for the “Engagement Period” in its capacity of President and Chief Executive officer (“CEO”), have been revised (the “Revised Consulting Agreement”) to reduce the “Engagement Period” to one year, and became effective as of February 1, 2008.
As of February 12, 2008, Ecolocap Solutions Inc. (“EcoloCap”), United Best Technology Limited (“United”) and Pellerin Attorneys (the “Escrow Agent”) entered into an Escrow Agreement (the “Escrow”) pursuant to which out of the Three Millions Five Hundred Thousand shares of Common Stock of EcoloCap issued to United granted under the Service agreement, One Million Shares will be deposited in escrow ( the “Escrow Securities”) and delivered within the Delivery Period as follow: Five Hundred Thousand when the first contracts or projects permitting the issuance of a total of Six Hundred Thousand CERs are delivered; One Hundred Thousand for the following contract or project permitting the issuance for each of an additional Six Hundred Thousand CERs. At the end of the prescribe period for the CER’s deliverance, all shares remaining in escrow, shall be cancelled.
The Board of Directors of EcoloCap have approved the execution of the Service Agreement and the Escrow Agreement as of February 14, 2008;
Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain officers; Compensatory Arrangement of Certain Officers.
As of February 14, 2008 the Board of Directors of Ecolocap Solutions Inc. have appointed Dr. Tri Vu Truong, as member of the Board.
Dr. Tri Vu Truong has been working in the environmental sector since 1970, upon completion of his B. Engineering degree, complemented by a Master's degree in Chemical Engineering in 1971 and a Ph.D. degree in Civil Engineering with Environmental Option in 1975. Dr. Truong was employed by the Montreal Urban Community between 1974-1980, and as Chief Engineer, he was instrumental in the creation and operation of the Permits & Inspections Division of the Montreal Urban Community –Environment Department. In 1980 Dr. Truong has joined Environmental Engineering firm Sodexen Group, and acted as President & CEO from 1994. In 2005 Dr. Truong, as consultant, has joined and acted as Vice President -Business Development, LBCD-Trow, a major Engineering group. Since 2007, Dr. Truong has joined as President & CEO, the Hong Kong based environmental consulting firm United Best Technology Limited .
Antwort auf Beitrag Nr.: 33.525.218 von Depotmanager04 am 01.03.08 18:55:07Hier noch mal die Meldung von Reuters...
MONTREAL, QUEBEC, Dec 18 (MARKET WIRE) --
Ecolocap Solutions Inc. (OTCBB: ECOS) is pleased to announce that it has
entered into a Memorandum of Understanding with United Best Technology
Limited for the purchase of assets including intellectual property,
knowledge, contacts, technology, and contracts it owns relating to the
creation of Carbon Credits (CERs) under the Clean Development Mechanism
as described under the Kyoto Protocol. The effective date of the
Memorandum is the 7th of January 2008 and the execution of a definitive
agreement and closing of the transaction is expected within 45 days of
this effective date. During this 45 day period EcoloCap will conduct due
diligence procedures and develop a definitive agreement for the
transaction.
The price of the assets was set on September 7th, 2007 during ongoing
negotiations. The total cost of the acquired assets will be three
millions five hundred thousand restricted shares of the Company's Common
Stock. The Memorandum of Understanding provides that the purchase price
shares will be paid as the Seller delivers the acquired assets to the
Company within a defined performance period. Among the assets United Best
will be required to deliver during the performance period provided within
the definitive agreement, will be contractual project commitments
representing a yearly minimum production of Three Million Six Hundred
Thousand CERs, that can be certified and traded as provided within the
Kyoto Protocol.
Ecolocap Solutions Inc. also entered into an Agreement for the services
of Dr. Tri Vu Truong to serve EcoloCap in the capacity of President and
Chief Executive officer. This agreement has an effective date that is
linked to the closing of the above transaction. Dr. Truong is highly
experienced in the areas of expertise required by the Company's new
business. He has worked in the environmental sector since 1970, upon
completion of his B. Engineering degree, complemented by a Master's
degree in Chemical Engineering in 1971 and a Ph.D. degree in Civil
Engineering with Environmental Option in 1975. His professional career
includes the realization of many major scientific and technical studies
and projects. Dr. Truong was responsible in 1977 for the creation and
operation of the Permits & Inspections Division of the Montreal Urban
Community-Environment Department. He has taught several post-graduate
courses at the prestigious Universite de Montreal's Ecole Polytechnique.
As President of the Sodexen Environmental Engineering Group since 1981,
Dr. Truong has managed numerous major environmental impact projects,
including: Comparative study of the environmental impact of
dust-palliatives (MTQ 1988, 1989, 1990); Environmental decommissioning of
a polystyrene production complex (BASF, 1988-1990); Solid waste
management study relating to the closure of the Miron landfill (Montreal,
1988-90), as well as various research & development projects in the area.
In Vietnam and other countries, Dr. Truong has led numerous studies,
projects and training seminars in the fields of solid waste management
and urban planning: Hanoi Solid Waste Management Master Plan for the
period of 1995 - 2015 (1996-1998); Biomedical waste treatment (Morocco
2000); Watershed management, urban & industrial wastewater control (Cau
River Basin Environmental Intervention Plan- (VietNam 2003)); Waste to
Energy feasibilities study for Hanoi (2002-2003); Biogas enhanced Waste
to Energy for Ho Chi Minh City (2004 -2005); Mega-landfill design for HCM
city (2004-2006). Recently he has been actively involved in the
implementation of 3 major CDM-CO2 investment projects in Viet Nam for the
recuperation of biogas generated by landfills (2006-2007) as well as in
CDM -CO2 for mini Hydro- power projects.
Alexander C. Gilmour, Chairman of the Board and acting Chief Executive
Officer stated: "With the United Best Agreement, our Company is entering
into a field that is being heralded in many quarters as the most
important investment theme over the next decade. The New York Times
reported "Carbon will be the world's biggest commodity market, and it
could become the world biggest market overall". The retaining of Dr
Truong assures us the service of one of the world's foremost authority on
the methodology, design and implementation of emission reduction projects
under the Kyoto mechanisms. This has to be a winning combination to
create value for our shareholders." Mr. Gilmour continued, "It is
apparent that the current environmental discussions in Bali appear to
have reinforced the concepts established by Kyoto. Among the outcomes of
the Bali meetings is that it now appears that major players who have not
elected to participate in Kyoto will in two or three years participate in
what I will call Kyoto II thereby insuring environmental progress through
mechanisms such as those the Company is now focusing its activities upon".
Forward-Looking Statements
This press release contains "forward-looking statements" as defined in
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are based on currently available competitive,
financial and economic data and management's views and assumptions
regarding future events. Such forward-looking statements are inherently
uncertain. The Company cannot provide assurances that the matters
described in this press release will be successfully completed or that
the Company will realize the anticipated benefits of any transaction.
Actual results may differ materially from those projected as a result of
certain risks and uncertainties, including but not limited to: global
economic and market conditions; the war on terrorism and the potential
for war or other hostilities in other parts of the world; the
availability of financing and lines of credit; successful integration of
acquired or merged businesses; changes in interest rates; management's
ability to forecast revenues and control expenses, especially on a
quarterly basis; unexpected decline in revenues without a corresponding
and timely slowdown in expense growth; the Company's ability to retain
key management and employees; intense competition and the Company's
ability to meet demand at competitive prices; relationships with
significant suppliers and customers; as well as other risks and
uncertainties, including but not limited to those detailed from time to
time in the Company's SEC filings. The Company undertakes no obligation
to update information contained in this release. For further information
regarding risks and uncertainties associated with the Company's business,
please refer to the risks and uncertainties detailed from time to time in
the Company's SEC filings.
Contacts:
Me Claude Pellerin
Secretary
514-397-0575
cpellerin@mtllex.com
Copyright 2007, Market Wire, All rights reserved.
MONTREAL, QUEBEC, Dec 18 (MARKET WIRE) --
Ecolocap Solutions Inc. (OTCBB: ECOS) is pleased to announce that it has
entered into a Memorandum of Understanding with United Best Technology
Limited for the purchase of assets including intellectual property,
knowledge, contacts, technology, and contracts it owns relating to the
creation of Carbon Credits (CERs) under the Clean Development Mechanism
as described under the Kyoto Protocol. The effective date of the
Memorandum is the 7th of January 2008 and the execution of a definitive
agreement and closing of the transaction is expected within 45 days of
this effective date. During this 45 day period EcoloCap will conduct due
diligence procedures and develop a definitive agreement for the
transaction.
The price of the assets was set on September 7th, 2007 during ongoing
negotiations. The total cost of the acquired assets will be three
millions five hundred thousand restricted shares of the Company's Common
Stock. The Memorandum of Understanding provides that the purchase price
shares will be paid as the Seller delivers the acquired assets to the
Company within a defined performance period. Among the assets United Best
will be required to deliver during the performance period provided within
the definitive agreement, will be contractual project commitments
representing a yearly minimum production of Three Million Six Hundred
Thousand CERs, that can be certified and traded as provided within the
Kyoto Protocol.
Ecolocap Solutions Inc. also entered into an Agreement for the services
of Dr. Tri Vu Truong to serve EcoloCap in the capacity of President and
Chief Executive officer. This agreement has an effective date that is
linked to the closing of the above transaction. Dr. Truong is highly
experienced in the areas of expertise required by the Company's new
business. He has worked in the environmental sector since 1970, upon
completion of his B. Engineering degree, complemented by a Master's
degree in Chemical Engineering in 1971 and a Ph.D. degree in Civil
Engineering with Environmental Option in 1975. His professional career
includes the realization of many major scientific and technical studies
and projects. Dr. Truong was responsible in 1977 for the creation and
operation of the Permits & Inspections Division of the Montreal Urban
Community-Environment Department. He has taught several post-graduate
courses at the prestigious Universite de Montreal's Ecole Polytechnique.
As President of the Sodexen Environmental Engineering Group since 1981,
Dr. Truong has managed numerous major environmental impact projects,
including: Comparative study of the environmental impact of
dust-palliatives (MTQ 1988, 1989, 1990); Environmental decommissioning of
a polystyrene production complex (BASF, 1988-1990); Solid waste
management study relating to the closure of the Miron landfill (Montreal,
1988-90), as well as various research & development projects in the area.
In Vietnam and other countries, Dr. Truong has led numerous studies,
projects and training seminars in the fields of solid waste management
and urban planning: Hanoi Solid Waste Management Master Plan for the
period of 1995 - 2015 (1996-1998); Biomedical waste treatment (Morocco
2000); Watershed management, urban & industrial wastewater control (Cau
River Basin Environmental Intervention Plan- (VietNam 2003)); Waste to
Energy feasibilities study for Hanoi (2002-2003); Biogas enhanced Waste
to Energy for Ho Chi Minh City (2004 -2005); Mega-landfill design for HCM
city (2004-2006). Recently he has been actively involved in the
implementation of 3 major CDM-CO2 investment projects in Viet Nam for the
recuperation of biogas generated by landfills (2006-2007) as well as in
CDM -CO2 for mini Hydro- power projects.
Alexander C. Gilmour, Chairman of the Board and acting Chief Executive
Officer stated: "With the United Best Agreement, our Company is entering
into a field that is being heralded in many quarters as the most
important investment theme over the next decade. The New York Times
reported "Carbon will be the world's biggest commodity market, and it
could become the world biggest market overall". The retaining of Dr
Truong assures us the service of one of the world's foremost authority on
the methodology, design and implementation of emission reduction projects
under the Kyoto mechanisms. This has to be a winning combination to
create value for our shareholders." Mr. Gilmour continued, "It is
apparent that the current environmental discussions in Bali appear to
have reinforced the concepts established by Kyoto. Among the outcomes of
the Bali meetings is that it now appears that major players who have not
elected to participate in Kyoto will in two or three years participate in
what I will call Kyoto II thereby insuring environmental progress through
mechanisms such as those the Company is now focusing its activities upon".
Forward-Looking Statements
This press release contains "forward-looking statements" as defined in
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are based on currently available competitive,
financial and economic data and management's views and assumptions
regarding future events. Such forward-looking statements are inherently
uncertain. The Company cannot provide assurances that the matters
described in this press release will be successfully completed or that
the Company will realize the anticipated benefits of any transaction.
Actual results may differ materially from those projected as a result of
certain risks and uncertainties, including but not limited to: global
economic and market conditions; the war on terrorism and the potential
for war or other hostilities in other parts of the world; the
availability of financing and lines of credit; successful integration of
acquired or merged businesses; changes in interest rates; management's
ability to forecast revenues and control expenses, especially on a
quarterly basis; unexpected decline in revenues without a corresponding
and timely slowdown in expense growth; the Company's ability to retain
key management and employees; intense competition and the Company's
ability to meet demand at competitive prices; relationships with
significant suppliers and customers; as well as other risks and
uncertainties, including but not limited to those detailed from time to
time in the Company's SEC filings. The Company undertakes no obligation
to update information contained in this release. For further information
regarding risks and uncertainties associated with the Company's business,
please refer to the risks and uncertainties detailed from time to time in
the Company's SEC filings.
Contacts:
Me Claude Pellerin
Secretary
514-397-0575
cpellerin@mtllex.com
Copyright 2007, Market Wire, All rights reserved.
Ecolocap Solutions Inc.
OTC Bulletin Board: ECOS.OB
Apr 10, 2008 16:30 ETEcoloCap Solutions Inc. Update From Dr. Tri Vu Truong President and Chief Executive Officer
MONTREAL, QUEBEC--(Marketwire - April 10, 2008) - Dr. Tri Vu Truong President and Chief Executive Officer Stated "On February 1st 2008, upon accepting the new challenges of leading EcoloCap Solutions Inc. (OTCBB:ECOS), I expressed my commitment to make EcoloCap Solutions inc. (the "Company") a leader in an imperative world initiative: creating Renewable Energy sources and limiting the emissions of CO2. In my first sixty days as the CEO of EcoloCap, I am proud to inform you that we have made significant progress on many fronts while strengthening the company's future position in this rapidly growing field.
STARTING WITH THE BASICS
Over the last 2 months, we have been transforming EcoloCap's culture with a renewed sense of energy and urgency and setting the foundations required to build a robust and lasting company; we first launched the process of developing a solid network, then we immediately started to identify and secure projects that we deemed profitable and that could contribute to the superior financial performance of our company.
UNWAVERING COMMITMENT TO QUALITY OF LIFE
The essence of EcoloCap's mission is to apply our expertise and financial resources to projects that will positively contribute to the reduction of greenhouse gas while keeping in mind our shareholders' interests; we seek to contribute to the development of renewable energy, to alleviate the negative impact greenhouse gases cause to our environment, to restore the viability of the earth ecosystem and to improve the quality of life and especially that of future generations. Consistently EcoloCap is set to deliver tangible benefits measured both ecologically and economically.
CARBON: A NEW COMMODITY
The Kyoto Protocol (1997) transformed the social debate about sustainability by converting liabilities into assets: incentives like the Certified Emission Reduction (CERs) or "Carbon Credits" were designed to reduce emissions of greenhouse gases using free market mechanisms. This process has helped create the carbon market and has opened the door for new opportunities for companies like EcoloCap and for investors like you. EcoloCap is moving ahead to become a leader in the CER market, which is expected to grow exponentially in the next decade in an already very dynamic market like the USA and other countries' accession to similar system appears inevitable.
TANGIBLE RESULTS
When I joined EcoloCap as CEO we had already identified a number of projects in China, India, Vietnam, and Africa with a high potential for CER generation. At that time, I expressed my total trust in "our ability to take these projects to term, benefiting regional stakeholders while ensuring above average returns for our shareholders."
I am delighted to inform you that great strides have been made towards this end: to date, we have already identified several projects while we continue to pursue other promising contracts. In the next few weeks, I will make sure that you receive detailed information of these initiatives and, going forward, rest assured that you will always be kept abreast of all company developments.
As a forward-looking company, we have set extraordinary goals to achieve in order to remain competitive; we will continue our successful initiatives and make sure to always deliver the best results as part of our initial commitment to you. We are constantly looking for the best alternative and leveraging synergies is an integral part of our efforts to achieve efficiency. Our know-how, financial resources and assets are now aligned to sustain the EcoloCap's momentum and help the company move forward in this growing market full of opportunities".
Forward-Looking Statements
This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available competitive, financial and economic data and management's views and assumptions regarding future events. Such forward-looking statements are inherently uncertain. The Company cannot provide assurances that the matters described in this press release will be successfully completed or that the Company will realize the anticipated benefits of any transaction. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to: global economic and market conditions; the war on terrorism and the potential for war or other hostilities in other parts of the world; the availability of financing and lines of credit; successful integration of acquired or merged businesses; changes in interest rates; management's ability to forecast revenues and control expenses, especially on a quarterly basis; unexpected decline in revenues without a corresponding and timely slowdown in expense growth; the Company's ability to retain key management and employees; intense competition and the Company's ability to meet demand at competitive prices; relationships with significant suppliers and customers; as well as other risks and uncertainties, including but not limited to those detailed from time to time in the Company's SEC filings. The Company undertakes no obligation to update information contained in this release. For further information regarding risks and uncertainties associated with the Company's business, please refer to the risks and uncertainties detailed from time to time in the Company's SEC filings.
For more information, please contact
EcoloCap Solutions Inc.
Dr. Tri Vu Truong
President and CEO
514-876-3907
trivutruong2004@yahoo.ca
ich denke nur bla bla..
OTC Bulletin Board: ECOS.OB
Apr 10, 2008 16:30 ETEcoloCap Solutions Inc. Update From Dr. Tri Vu Truong President and Chief Executive Officer
MONTREAL, QUEBEC--(Marketwire - April 10, 2008) - Dr. Tri Vu Truong President and Chief Executive Officer Stated "On February 1st 2008, upon accepting the new challenges of leading EcoloCap Solutions Inc. (OTCBB:ECOS), I expressed my commitment to make EcoloCap Solutions inc. (the "Company") a leader in an imperative world initiative: creating Renewable Energy sources and limiting the emissions of CO2. In my first sixty days as the CEO of EcoloCap, I am proud to inform you that we have made significant progress on many fronts while strengthening the company's future position in this rapidly growing field.
STARTING WITH THE BASICS
Over the last 2 months, we have been transforming EcoloCap's culture with a renewed sense of energy and urgency and setting the foundations required to build a robust and lasting company; we first launched the process of developing a solid network, then we immediately started to identify and secure projects that we deemed profitable and that could contribute to the superior financial performance of our company.
UNWAVERING COMMITMENT TO QUALITY OF LIFE
The essence of EcoloCap's mission is to apply our expertise and financial resources to projects that will positively contribute to the reduction of greenhouse gas while keeping in mind our shareholders' interests; we seek to contribute to the development of renewable energy, to alleviate the negative impact greenhouse gases cause to our environment, to restore the viability of the earth ecosystem and to improve the quality of life and especially that of future generations. Consistently EcoloCap is set to deliver tangible benefits measured both ecologically and economically.
CARBON: A NEW COMMODITY
The Kyoto Protocol (1997) transformed the social debate about sustainability by converting liabilities into assets: incentives like the Certified Emission Reduction (CERs) or "Carbon Credits" were designed to reduce emissions of greenhouse gases using free market mechanisms. This process has helped create the carbon market and has opened the door for new opportunities for companies like EcoloCap and for investors like you. EcoloCap is moving ahead to become a leader in the CER market, which is expected to grow exponentially in the next decade in an already very dynamic market like the USA and other countries' accession to similar system appears inevitable.
TANGIBLE RESULTS
When I joined EcoloCap as CEO we had already identified a number of projects in China, India, Vietnam, and Africa with a high potential for CER generation. At that time, I expressed my total trust in "our ability to take these projects to term, benefiting regional stakeholders while ensuring above average returns for our shareholders."
I am delighted to inform you that great strides have been made towards this end: to date, we have already identified several projects while we continue to pursue other promising contracts. In the next few weeks, I will make sure that you receive detailed information of these initiatives and, going forward, rest assured that you will always be kept abreast of all company developments.
As a forward-looking company, we have set extraordinary goals to achieve in order to remain competitive; we will continue our successful initiatives and make sure to always deliver the best results as part of our initial commitment to you. We are constantly looking for the best alternative and leveraging synergies is an integral part of our efforts to achieve efficiency. Our know-how, financial resources and assets are now aligned to sustain the EcoloCap's momentum and help the company move forward in this growing market full of opportunities".
Forward-Looking Statements
This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available competitive, financial and economic data and management's views and assumptions regarding future events. Such forward-looking statements are inherently uncertain. The Company cannot provide assurances that the matters described in this press release will be successfully completed or that the Company will realize the anticipated benefits of any transaction. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to: global economic and market conditions; the war on terrorism and the potential for war or other hostilities in other parts of the world; the availability of financing and lines of credit; successful integration of acquired or merged businesses; changes in interest rates; management's ability to forecast revenues and control expenses, especially on a quarterly basis; unexpected decline in revenues without a corresponding and timely slowdown in expense growth; the Company's ability to retain key management and employees; intense competition and the Company's ability to meet demand at competitive prices; relationships with significant suppliers and customers; as well as other risks and uncertainties, including but not limited to those detailed from time to time in the Company's SEC filings. The Company undertakes no obligation to update information contained in this release. For further information regarding risks and uncertainties associated with the Company's business, please refer to the risks and uncertainties detailed from time to time in the Company's SEC filings.
For more information, please contact
EcoloCap Solutions Inc.
Dr. Tri Vu Truong
President and CEO
514-876-3907
trivutruong2004@yahoo.ca
ich denke nur bla bla..
EcoloCap Solutions Inc. Update From Dr. Tri Vu Truong President and Chief Executive Officer
MONTREAL, QUEBEC--(MARKET WIRE)--Apr 10, 2008 -- Dr. Tri Vu Truong President and Chief Executive Officer Stated "On February 1st 2008, upon accepting the new challenges of leading EcoloCap Solutions Inc. (OTC BB:ECOS.OB - News), I expressed my commitment to make EcoloCap Solutions inc. (the "Company") a leader in an imperative world initiative: creating Renewable Energy sources and limiting the emissions of CO2. In my first sixty days as the CEO of EcoloCap, I am proud to inform you that we have made significant progress on many fronts while strengthening the company's future position in this rapidly growing field.
STARTING WITH THE BASICS
Over the last 2 months, we have been transforming EcoloCap's culture with a renewed sense of energy and urgency and setting the foundations required to build a robust and lasting company; we first launched the process of developing a solid network, then we immediately started to identify and secure projects that we deemed profitable and that could contribute to the superior financial performance of our company.
UNWAVERING COMMITMENT TO QUALITY OF LIFE
The essence of EcoloCap's mission is to apply our expertise and financial resources to projects that will positively contribute to the reduction of greenhouse gas while keeping in mind our shareholders' interests; we seek to contribute to the development of renewable energy, to alleviate the negative impact greenhouse gases cause to our environment, to restore the viability of the earth ecosystem and to improve the quality of life and especially that of future generations. Consistently EcoloCap is set to deliver tangible benefits measured both ecologically and economically.
CARBON: A NEW COMMODITY
The Kyoto Protocol (1997) transformed the social debate about sustainability by converting liabilities into assets: incentives like the Certified Emission Reduction (CERs) or "Carbon Credits" were designed to reduce emissions of greenhouse gases using free market mechanisms. This process has helped create the carbon market and has opened the door for new opportunities for companies like EcoloCap and for investors like you. EcoloCap is moving ahead to become a leader in the CER market, which is expected to grow exponentially in the next decade in an already very dynamic market like the USA and other countries' accession to similar system appears inevitable.
TANGIBLE RESULTS
When I joined EcoloCap as CEO we had already identified a number of projects in China, India, Vietnam, and Africa with a high potential for CER generation. At that time, I expressed my total trust in "our ability to take these projects to term, benefiting regional stakeholders while ensuring above average returns for our shareholders."
I am delighted to inform you that great strides have been made towards this end: to date, we have already identified several projects while we continue to pursue other promising contracts. In the next few weeks, I will make sure that you receive detailed information of these initiatives and, going forward, rest assured that you will always be kept abreast of all company developments.
As a forward-looking company, we have set extraordinary goals to achieve in order to remain competitive; we will continue our successful initiatives and make sure to always deliver the best results as part of our initial commitment to you. We are constantly looking for the best alternative and leveraging synergies is an integral part of our efforts to achieve efficiency. Our know-how, financial resources and assets are now aligned to sustain the EcoloCap's momentum and help the company move forward in this growing market full of opportunities".
Forward-Looking Statements
This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available competitive, financial and economic data and management's views and assumptions regarding future events. Such forward-looking statements are inherently uncertain. The Company cannot provide assurances that the matters described in this press release will be successfully completed or that the Company will realize the anticipated benefits of any transaction. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to: global economic and market conditions; the war on terrorism and the potential for war or other hostilities in other parts of the world; the availability of financing and lines of credit; successful integration of acquired or merged businesses; changes in interest rates; management's ability to forecast revenues and control expenses, especially on a quarterly basis; unexpected decline in revenues without a corresponding and timely slowdown in expense growth; the Company's ability to retain key management and employees; intense competition and the Company's ability to meet demand at competitive prices; relationships with significant suppliers and customers; as well as other risks and uncertainties, including but not limited to those detailed from time to time in the Company's SEC filings. The Company undertakes no obligation to update information contained in this release. For further information regarding risks and uncertainties associated with the Company's business, please refer to the risks and uncertainties detailed from time to time in the Company's SEC filings.
Next >
© 2008 EcoloCap Solutions Inc.
All rights reserved. Legal notes
CER prices rise as carbon markets jump
The prices of Certified Emissions Reductions (CERs) continue to rise into June after a solid upward trend throughout May. New concerns over supply of the Kyoto CDM carbon credits, bullish signals on demand and the rising world oil price have combined to push up the price of issued CERs on the secondary market by almost 20 per cent since April 30.
On June 3, the price of the benchmark December 2008 CER futures contract hit €19 for the first time, closing at €19.04 on the European Climate Exchange. Dec 08s are up more than €3 in little over a month. Dec 09s closed at €18.55 and Dec 12s at €19.50.
The dominating influence on carbon markets overall in the past month has been the inexorable rise in the world prices of oil and gas. This has seen increasing demand for coal among European power generators, in turn driving up prices for EU carbon emissions permits (EUAs) to €27, themselves a major influence on the CER secondary-market.
This market, dominated by European buyers, has followed the EUA market up but there have also been other factors specific to CER demand and supply pushing up prices. Trading volumes have lifted, bringing an end to the flagging demand in the market up to April after the European Commission proposed in January there be no new allowance for the use of CERs in the next phase of the EU ETS.
Hints that Germany might campaign against the European Commission proposal on CERs post 2012 have helped boost buyer sentiment. Adding to demand expectations is the amendment of the leading climate change bill heading to Congress in the US, to allow the use of international Kyoto-standard offset credits in its proposed emissions trading scheme.
Although the Lieberman-Warner bill is unlikely to pass Congress this time around, it is at least a reflection of the latest consensus thinking among pro-climate-action politicians on how future US global warming policy should be shaped.
Analysts’ predictions that the flow of new issues of CERs will be tempered by the earthquake in central China have added to supply concerns. The bulk of worldwide CER supply currently comes from China, which accounted for 73 per cent of all CERs issued last year. Ongoing delays in the processing of issuances by the CDM Executive Board has also caused analysts to downgrade total supply forecasts for the Kyoto commitment period up to 2012.
It’s always hard to get a feel for how prices in the primary CER market are changing. This is due to the varying contractual conditions in purchase agreements for future CERs in carbon offset projects under development. But you can be sure project developers and financiers will be watching EUA and secondary CER market developments and raising price expectations in response.
From €8 to €14 appears to be the range currently, depending on the stage pf the development of the project, host country conditions and the type of technology involved.
SRC: http://www.carbonpositive.net/viewarticle.aspx?articleID=111
The following discussion of the financial condition and results of our operations should be read in conjunction with the financial statements and the related notes thereto included elsewhere in this Quarterly Report on Form 10-QSB for the period ended March 31, 2008 (this "Report"). This Report contains certain forward-looking statements and our future operating results could differ materially from those discussed herein. Certain statements contained in this Report, including, without limitation, statements containing the words "believes", "anticipates," "expects" and the like, constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). However, as we issue "penny stock," as such term is defined in Rule 3a51-1 promulgated under the Exchange Act, we are ineligible to rely on these safe harbor provisions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. We disclaims any obligation to update any such factors or to announce publicly the results of any revisions of the forward-looking statements contained or incorporated by reference herein to reflect future events or developments.
On November 13, 2007, we changed our name from "XL Generation International Inc." to "Ecolocap Solutions Inc." Our shares of common stock are traded on the Bulletin Board operated by the Financial Industry Regulatory Authority under the symbol ECOS.
Business Plan
The Kyoto Protocol established various exchange mechanisms in order to achieve its targeted reduction in carbon emission. In addition to the targets set by Kyoto, countries and companies not bound by the Kyoto Protocol are voluntarily creating national schemes and offsetting their emissions associated to their normal activities as part of their corporate responsibility.
Recognizing the opportunity these new mechanisms represent, we are developing an integrated development approach that focuses upon both existing and needed infrastructure facilities to produce substantial new value in the form of tradable CERs while at the same time maximizing alternative energy generation co-products. Our partners with owners of facilities emitting the harmful greenhouse gas as well as with all other environmental projects' owners in developing countries, to capitalize on the opportunities afforded by the emerging market in carbon credit trading turning potential liabilities into lucrative resources while maximizing available possibilities for clean and renewable energy production.
Our initial geographical focus will be Vietnam and China followed by expansions into Africa and Latin America. These areas have been identified by leading authorities as representing substantial opportunities for remediation of greenhouse gasses and therefore represent the greatest opportunities for the production of CERs. They also represent geographies in which we can develop efficient operating scale thereby enhancing potential profitability.
- 12 -
Results of Operations
For the Three Month Period ended March 31, 2008
Overview
We posted net losses of $3,737,033 for the three month period ended March 31, 2008 as compared to net losses of $690,511 for the comparable period of 2007. The loss resulted from the signature of an exclusive Service Agreement with United Best Technology Limited of Hong Kong. United will devote all their intellectual property, knowledge, technology and contacts related to the CER and Clean Development Mechanism projects exclusively for the development of EcoloCap business in an exclusive and define territory. United for the exclusivity of its services was granted Three Million Five Hundred Thousand (3,500,000) restricted shares of our common stock. The cost of the Agreement was accounted for under compensation expense.
Sales
For the three month period ended March 31, 2008we had no gross revenues. This compared to gross revenues of $7,019 for the same period of 2007.
Total Cost and Expenses
For the three month period ended March 31, 2008, we incurred total costs and expenses of $3,737,033. This compared to $697,530 for the same period of 2007. The increase in total cost and expenses resulted from the signature of an exclusive Service Agreement with United Best Technology Limited of Hong Kong. United will devote all their intellectual property, knowledge, technology and contacts related to the CER and Clean Development Mechanism projects exclusively for the development of EcoloCap business in an exclusive and define territory. United for the exclusivity of its services was granted Three Million Five Hundred Thousand (3,500,000) restricted shares of our common stock. The cost of the Agreement was accounted for under compensation expense. We decided to leave the manufacturing and distribution of environmentally sound artificial playing field surfaces and have currently developed an integrated development approach that focuses upon both existing and needed infrastructure facilities to produce substantial new value in the form of tradable CERs.
Selling, General and Administration
For the three month period ended March 31, 2008, we incurred selling, general and administration expenses of $153,475. This compared to $241,439 for the same period last year. The decrease was due to the layoff of all of the Company's staff. We have undertaken a review of corporate overhead and implemented measures to reduce corporate overhead to a level more sustainable in relation to current revenue volume and management's expectations.
Interest
We calculate interest in accordance with the respective note payable. For the three month period ended March 31, 2008, we incurred a charge of $81,830. This compared to $66,772 for the same period of the previous year. This increase mirrors the increase liabilities which we have assumed to finance its operations.
- 13 -
Liquidity and Capital Resources
At March 31, 2008, we had $231,637 in cash, as opposed to $166,470 in cash at December 31, 2007. Total cash requirements for operations for the three month period ended March 31, 2008 was $174,458. As a result of its new business plan, management estimates that cash requirements through the end of the fiscal year ended December 31, 2008 will be between $2.5 million to $3.5 million. As of the date of this Report, we do not have available resources sufficient to cover the expected cash requirements through the end of the second quarter of 2008 or the balance of the year. As a result, there is substantial doubt that we can continue as an ongoing business without obtaining additional financing. Management's plans for maintaining our operations and continued existence include selling additional equity securities and borrowing additional funds to pay operational expenses. There is no assurance we will be able to generate sufficient cash from operations, sell additional shares of Common Stock or borrow additional funds. Our inability to obtain additional cash could have a material adverse effect on our financial position, results of operations and our ability to continue its existence. If our losses continue and we are unable to secure additional financing, we may ultimately be required to seek protection from creditors under applicable bankruptcy laws.
At March 31, 2008, we had total assets of $237,639 compared to total assets of $166,470 at December 31, 2007. The increase is mainly due to money received from a stockholder.
At March 31, 2008, we had total current liabilities of $3,434,978 compared to total current liabilities of $3,116,402 at December 31, 2007. The liabilities are mainly due to (i) accrued operational costs and (ii) loan note from a shareholder.
EcoloCap Solutions Inc. is a party to a lease for its Montreal (the "Montreal Lease"), at a minimum annual rent of approximately $64,000 per year. The Montreal Lease expires in February 15, 2014.
On December 31, 2007, we received loans from Capex Investments Limited, a shareholder, in the amount of $3,019,332. In 2008, we received additional loans from Capex Investments Limited in the amount of $250,000. This loan carried an interest of 10% and is payable on demand as agreed in a memorandum of agreement executed by and between us and Capex Investments Limited on March 21, 2008 and effective as December 1, 2007.
Our financial condition raises substantial doubt about our ability to continue as a going concern. Management's plan for our continued existence includes selling additional stock through private placements and borrowing additional funds to pay overhead expenses while maintaining marketing efforts to raise our sales volume. Our future success is dependent upon our ability to achieve profitable operations, generate cash from operating activities and obtain additional financing. There is no assurance that we will be able to generate sufficient cash from operations, sell additional shares of common stock or borrow additional funds. Our inability to obtain additional cash could have a material adverse effect on our financial position, results of operations and our ability to continue as a going concern.
Off-Balance Sheet Arrangements
The Company is not a party to any off-balance sheet arrangements.
May 15, 2008
Mal allen Investierten ein schönes Wochenende gewünscht...ob mit oder ohne Fußball.Gibt es denn Investierte???
gehandelt wird schon, aber auf welcher Basis????
EcoloCap Solutions Announces 5 Hydro Power Projects in Vietnam to Reduce 3.1m Tons of CO2 Emissions
Market Wire, June, 2008
E-mail Print Link EcoloCap Solutions (OTCBB: ECOS) is pleased to announce the signing of five hydro power projects in Vietnam, in Eastern Asia, for an estimated reduction of 3.1 million tons of carbon emissions over the life of the agreement, convertible to tradable CERs under the Clean Development Mechanisms of the Kyoto Protocol. At today's market price, CERs are trading at some 20 Euros. The Company is also in the late phase of negotiation with a number of other carbon emission reduction projects in Eastern Asia as part of its strategy to expand its carbon credit program.
Related Results
EcoloCap Takes Over United Best Technology, Enters Carbon Credit Market.
Ecolocap Solutions Inc.: Announcement.
EcoloCap Solutions Inc. Update From Dr. Tri Vu Truong President and Chief Exe...
EcoloCap Takes Over United Best Technology, Enters Carbon Credit Market
Ecolocap Solutions Inc.: Announcement "We are extremely proud of the results obtained and the confidence that Vietnam has expressed by choosing our Company to participate in projects representing an investment of $135M US." declared Dr. Truong, president and CEO of EcoloCap. "This significant achievement highlights the results of the agreement with United Best Technologies and reaffirms the value of our strategy. We also are front-runners in a number of other important large-scale projects that should move EcoloCap to a phase of accelerated growth and increased value for our current and future shareholders".
"The signature of these projects is a clear demonstration of our team's expertise and ability to successfully deliver on projects benefiting regional and international stakeholders" says Mr. Alexander Gilmour, director and Chairman of the Board. "The commitment of Dr. Truong to steer the Company to a leadership position in the fields of reduction of emissions of CO2 and alternative sources of energy is reflected in the results obtained at this time and those that are in development".
ENERGY - THE ENGINE OF VIETNAM'S SUSTAINED GROWTH
With a growth rate that has averaged 7.5% over the last 10 years, Vietnam is engaged in the modernization of its economy through the support of export-driven industries; the government anticipates a significant rise in the demand for energy and is taking the right measures to increase its capacity for hydro power generation while respecting environmental concerns. EcoloCap is actively participating in the development of new projects in 5 provinces in Vietnam, most of them bordering the neighboring countries of Laos and China.
AN ENVIRONEMENTALLY SOUND ECONOMIC GROWTH
"With 68% of the population in the economically productive age, Vietnam is a tremendous center of opportunities for forward-looking companies actively participating in businesses that contribute to the global movement of global warming" ... "Similar in size and population to Germany, Vietnam's labor force is twice the size of that of Germany and is growing at an average of 1.5 million active workers each year. This gives an idea of the challenges and dynamic growth of that region; it is also a measure of the magnitude of opportunities opened to our Company to offer its know-how and expertise to efficiently manage Vietnam's fantastic natural resources for next generations to enjoy" concludes Dr. Truong.
DELIVERING LASTING RESULTS
EcoloCap Solutions is actively pursuing other opportunities with high viability to further consolidate the value stream and meet the expectation of all shareholders and future investors. The Company is concentrating most of its activity in Asia, one of the most productive regions of the world for CDM projects, and this strategy is bearing positive results. The Company is fully engaged in accelerating and sustaining its growth and is seeking innovative pathways that will position EcoloCap among the top global companies in this field and surely as a leader in the region.
Forward-Looking Statements
This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available competitive, financial and economic data and management's views and assumptions regarding future events. Such forward-looking statements are inherently uncertain. The Company cannot provide assurances that the matters described in this press release will be successfully completed or that the Company will realize the anticipated benefits of any transaction. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to: global economic and market conditions; the war on terrorism and the potential for war or other hostilities in other parts of the world; the availability of financing and lines of credit; successful integration of acquired or merged businesses; changes in interest rates; management's ability to forecast revenues and control expenses, especially on a quarterly basis; unexpected decline in revenues without a corresponding and timely slowdown in expense growth; the Company's ability to retain key management and employees; intense competition and the Company's ability to meet demand at competitive prices; relationships with significant suppliers and customers; as well as other risks and uncertainties, including but not limited to those detailed from time to time in the Company's SEC filings. The Company undertakes no obligation to update information contained in this release. For further information regarding risks and uncertainties associated with the Company's business, please refer to the risks and uncertainties detailed from time to time in the Company's SEC filings.
Market Wire, June, 2008
E-mail Print Link EcoloCap Solutions (OTCBB: ECOS) is pleased to announce the signing of five hydro power projects in Vietnam, in Eastern Asia, for an estimated reduction of 3.1 million tons of carbon emissions over the life of the agreement, convertible to tradable CERs under the Clean Development Mechanisms of the Kyoto Protocol. At today's market price, CERs are trading at some 20 Euros. The Company is also in the late phase of negotiation with a number of other carbon emission reduction projects in Eastern Asia as part of its strategy to expand its carbon credit program.
Related Results
EcoloCap Takes Over United Best Technology, Enters Carbon Credit Market.
Ecolocap Solutions Inc.: Announcement.
EcoloCap Solutions Inc. Update From Dr. Tri Vu Truong President and Chief Exe...
EcoloCap Takes Over United Best Technology, Enters Carbon Credit Market
Ecolocap Solutions Inc.: Announcement "We are extremely proud of the results obtained and the confidence that Vietnam has expressed by choosing our Company to participate in projects representing an investment of $135M US." declared Dr. Truong, president and CEO of EcoloCap. "This significant achievement highlights the results of the agreement with United Best Technologies and reaffirms the value of our strategy. We also are front-runners in a number of other important large-scale projects that should move EcoloCap to a phase of accelerated growth and increased value for our current and future shareholders".
"The signature of these projects is a clear demonstration of our team's expertise and ability to successfully deliver on projects benefiting regional and international stakeholders" says Mr. Alexander Gilmour, director and Chairman of the Board. "The commitment of Dr. Truong to steer the Company to a leadership position in the fields of reduction of emissions of CO2 and alternative sources of energy is reflected in the results obtained at this time and those that are in development".
ENERGY - THE ENGINE OF VIETNAM'S SUSTAINED GROWTH
With a growth rate that has averaged 7.5% over the last 10 years, Vietnam is engaged in the modernization of its economy through the support of export-driven industries; the government anticipates a significant rise in the demand for energy and is taking the right measures to increase its capacity for hydro power generation while respecting environmental concerns. EcoloCap is actively participating in the development of new projects in 5 provinces in Vietnam, most of them bordering the neighboring countries of Laos and China.
AN ENVIRONEMENTALLY SOUND ECONOMIC GROWTH
"With 68% of the population in the economically productive age, Vietnam is a tremendous center of opportunities for forward-looking companies actively participating in businesses that contribute to the global movement of global warming" ... "Similar in size and population to Germany, Vietnam's labor force is twice the size of that of Germany and is growing at an average of 1.5 million active workers each year. This gives an idea of the challenges and dynamic growth of that region; it is also a measure of the magnitude of opportunities opened to our Company to offer its know-how and expertise to efficiently manage Vietnam's fantastic natural resources for next generations to enjoy" concludes Dr. Truong.
DELIVERING LASTING RESULTS
EcoloCap Solutions is actively pursuing other opportunities with high viability to further consolidate the value stream and meet the expectation of all shareholders and future investors. The Company is concentrating most of its activity in Asia, one of the most productive regions of the world for CDM projects, and this strategy is bearing positive results. The Company is fully engaged in accelerating and sustaining its growth and is seeking innovative pathways that will position EcoloCap among the top global companies in this field and surely as a leader in the region.
Forward-Looking Statements
This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available competitive, financial and economic data and management's views and assumptions regarding future events. Such forward-looking statements are inherently uncertain. The Company cannot provide assurances that the matters described in this press release will be successfully completed or that the Company will realize the anticipated benefits of any transaction. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to: global economic and market conditions; the war on terrorism and the potential for war or other hostilities in other parts of the world; the availability of financing and lines of credit; successful integration of acquired or merged businesses; changes in interest rates; management's ability to forecast revenues and control expenses, especially on a quarterly basis; unexpected decline in revenues without a corresponding and timely slowdown in expense growth; the Company's ability to retain key management and employees; intense competition and the Company's ability to meet demand at competitive prices; relationships with significant suppliers and customers; as well as other risks and uncertainties, including but not limited to those detailed from time to time in the Company's SEC filings. The Company undertakes no obligation to update information contained in this release. For further information regarding risks and uncertainties associated with the Company's business, please refer to the risks and uncertainties detailed from time to time in the Company's SEC filings.
Ecolocap Solutions Inc.
OTC Bulletin Board: ECOS
Aug 20, 2008 09:30 ETEcoloCap Doubles its Number of Projects in Last Quarter
MONTREAL, QUEBEC--(Marketwire - Aug. 20, 2008) - EcoloCap Solutions (OTCBB:ECOS)
Dr Truong, President and CEO of EcoloCap, has returned from a successful three week tour of China and Vietnam and is proud to announce that the company has signed additional projects that effectively doubles the company's CER reserves with long term contracts. In addition, Dr Truong along with his team in China and Vietnam, have also signed preliminary agreements and numerous other projects that will increase the company's growth by a large margin.
In Vietnam, EcoloCap has signed agreements with one Biomass Valorization project and three new Hydro Power projects. In China agreements were signed with four large Industrial Improvements projects comprising of two steel mills, one cement production complex and one coal mine. So far, EcoloCap's total projects represents an annual production of 807,660 Carbon Credits (CERs) where each unit currently trades on the World Market at 19.71 Euros or US$29.04 . Most contracts are for a period of 17 years.
Dr Truong explains: "We have knowledgeable and well connected teams in both China and Vietnam presently evaluating a number of other projects where we have Letters of Intent or Agreements close to conclusion. These projects will effectively, again, double the CER reserve of EcoloCap's long-term contracts."
Dr Truong continues: "Our valuation methodology is comparable to oil and gas companies' that value their existing production and total proven reserves for the number of years they will extract oil from the ground. In our case, our 17 year contracts will produce UN certified Carbon Credits or CERs for that entire period. Applying a standard discount rate to our reserve of CERs for a 6 year period, EcoloCap has a Net Present Value of over $43M and aims to double its total reserve every six to nine months over the next two to three years, with an objective of accumulating 5 million CERs in our portfolio."
Company Mission:
Under the Clean Development Mechanism of the United Nations' Kyoto Protocol, EcoloCap lends it know-how, capital, technology, engineering, and on the ground operations management to governments and enterprises in developing countries in order to successfully reduce greenhouse gases for both capture and utilization, in the process acquiring UN certified Carbon Credits (CERs) at favorable cost, which are then sold on the world market at prevailing prices.
Forward-Looking Statements
This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available competitive, financial and economic data and management's views and assumptions regarding future events. Such forward-looking statements are inherently uncertain. The Company cannot provide assurances that the matters described in this press release will be successfully completed or that the Company will realize the anticipated benefits of any transaction. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to: global economic and market conditions; the war on terrorism and the potential for war or other hostilities in other parts of the world; the availability of financing and lines of credit; successful integration of acquired or merged businesses; changes in interest rates; management's ability to forecast revenues and control expenses, especially on a quarterly basis; unexpected decline in revenues without a corresponding and timely slowdown in expense growth; the Company's ability to retain key management and employees; intense competition and the Company's ability to meet demand at competitive prices; relationships with significant suppliers and customers; as well as other risks and uncertainties, including but not limited to those detailed from time to time in the Company's SEC filings. The Company undertakes no obligation to update information contained in this release. For further information regarding risks and uncertainties associated with the Company's business, please refer to the risks and uncertainties detailed from time to time in the Company's SEC filings.
For more information, please contact
EcoloCap Solutions Inc.
Nada Guirguis
Investor Relations
514-402-2538
775-993-2440 (FAX)
nada.g@ecolocap.com Click here to see all recent news from this company Privacy Statement | Terms of Service | Sitemap |© 2008 Marketwire, Incorporated. All rights reserved.
Your newswire of choice for expert news release distribution.
1-800-774-9473 (US) | 1-888-299-0338 (Canada) | +44-20-7562-6550 (UK)
OTC Bulletin Board: ECOS
Aug 20, 2008 09:30 ETEcoloCap Doubles its Number of Projects in Last Quarter
MONTREAL, QUEBEC--(Marketwire - Aug. 20, 2008) - EcoloCap Solutions (OTCBB:ECOS)
Dr Truong, President and CEO of EcoloCap, has returned from a successful three week tour of China and Vietnam and is proud to announce that the company has signed additional projects that effectively doubles the company's CER reserves with long term contracts. In addition, Dr Truong along with his team in China and Vietnam, have also signed preliminary agreements and numerous other projects that will increase the company's growth by a large margin.
In Vietnam, EcoloCap has signed agreements with one Biomass Valorization project and three new Hydro Power projects. In China agreements were signed with four large Industrial Improvements projects comprising of two steel mills, one cement production complex and one coal mine. So far, EcoloCap's total projects represents an annual production of 807,660 Carbon Credits (CERs) where each unit currently trades on the World Market at 19.71 Euros or US$29.04 . Most contracts are for a period of 17 years.
Dr Truong explains: "We have knowledgeable and well connected teams in both China and Vietnam presently evaluating a number of other projects where we have Letters of Intent or Agreements close to conclusion. These projects will effectively, again, double the CER reserve of EcoloCap's long-term contracts."
Dr Truong continues: "Our valuation methodology is comparable to oil and gas companies' that value their existing production and total proven reserves for the number of years they will extract oil from the ground. In our case, our 17 year contracts will produce UN certified Carbon Credits or CERs for that entire period. Applying a standard discount rate to our reserve of CERs for a 6 year period, EcoloCap has a Net Present Value of over $43M and aims to double its total reserve every six to nine months over the next two to three years, with an objective of accumulating 5 million CERs in our portfolio."
Company Mission:
Under the Clean Development Mechanism of the United Nations' Kyoto Protocol, EcoloCap lends it know-how, capital, technology, engineering, and on the ground operations management to governments and enterprises in developing countries in order to successfully reduce greenhouse gases for both capture and utilization, in the process acquiring UN certified Carbon Credits (CERs) at favorable cost, which are then sold on the world market at prevailing prices.
Forward-Looking Statements
This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available competitive, financial and economic data and management's views and assumptions regarding future events. Such forward-looking statements are inherently uncertain. The Company cannot provide assurances that the matters described in this press release will be successfully completed or that the Company will realize the anticipated benefits of any transaction. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to: global economic and market conditions; the war on terrorism and the potential for war or other hostilities in other parts of the world; the availability of financing and lines of credit; successful integration of acquired or merged businesses; changes in interest rates; management's ability to forecast revenues and control expenses, especially on a quarterly basis; unexpected decline in revenues without a corresponding and timely slowdown in expense growth; the Company's ability to retain key management and employees; intense competition and the Company's ability to meet demand at competitive prices; relationships with significant suppliers and customers; as well as other risks and uncertainties, including but not limited to those detailed from time to time in the Company's SEC filings. The Company undertakes no obligation to update information contained in this release. For further information regarding risks and uncertainties associated with the Company's business, please refer to the risks and uncertainties detailed from time to time in the Company's SEC filings.
For more information, please contact
EcoloCap Solutions Inc.
Nada Guirguis
Investor Relations
514-402-2538
775-993-2440 (FAX)
nada.g@ecolocap.com Click here to see all recent news from this company Privacy Statement | Terms of Service | Sitemap |© 2008 Marketwire, Incorporated. All rights reserved.
Your newswire of choice for expert news release distribution.
1-800-774-9473 (US) | 1-888-299-0338 (Canada) | +44-20-7562-6550 (UK)
Company Overview
Ecolocap Solutions, Inc. focuses in the business of reducing carbon emission. The company intends to develop an integrated development approach that focuses upon existing and needed infrastructure facilities to produce tradable certified emission reductions. It was formerly known as XL Generation International, Inc. The company is based in Montreal, Canada.
Phone:
514-397-0575
Fax:
Key Executives
Mr. Michel St-Pierre
Acting Chief Financial Officer
Age: 45 Total Annual Compensation: $100.0K Dr. Tri Vu Truong
Chief Executive Officer
Age: 61 Mr. Claude Pellerin
Secretary and Director
Age: 38
Compensation as of Fiscal Year 2007.Key developments
Ecolocap Solutions Inc. Signs Additional Projects
08/20/2008
Ecolocap Solutions Inc. announced that the company has signed additional projects that effectively doubles the company's CER reserves with long term contracts. In addition, the company in China and Vietnam, has also signed preliminary agreements and numerous other projects that will increase the company's growth by a large margin. In Vietnam, EcoloCap has signed agreements with one Biomass Valorization project and three new Hydro Power projects. In China agreements were signed with four large Industrial Improvements projects comprising of two steel mills, one cement production complex and one coal mine. So far, EcoloCap's total projects represents an annual production of 807,660 Carbon Credits (CERs) where each unit currently trades on the World Market at €19.71 or $29.04. Most contracts are for a period of 17 years.
Ecolocap Solutions Inc. Appoints Cherry Lim as Director
07/22/2008
Ecolocap Solutions Inc. announced that Ms. Cherry Lim, 42, was appointed Director of the Company's Board of Directors on June 30, 2008. Ms. Lim has more than 20 years of experience in manufacturing, telecommunications, and VC investments. Prior to joining Advanced ID Corporation earlier this year, Ms Lim was CEO of Tsing-Tech Innovations Co. Ltd.
Ecolocap Solutions Inc. Announces Board and Executive Changes
07/15/2008
On July 11, 2008, Mr. Alexander Clement Gilmour resigned as Chairman and member of the Board of Directors of Ecolocap Solutions Inc. Mr. Gilmour served on the Company's Board of Directors since August 19, 2005. Mr. Gilmour has not expressed any disagreement with the Company on any matter relating to the Company's operations, policies or practices. As of July 11, 2008, the company appointed Robert George Clarke as Chairman and member of Board of Directors. Since June 2000, Mr. Clarke has been Chairman and Chief Executive Officer of 7bridge Capital Partners.
Ecolocap Solutions, Inc. focuses in the business of reducing carbon emission. The company intends to develop an integrated development approach that focuses upon existing and needed infrastructure facilities to produce tradable certified emission reductions. It was formerly known as XL Generation International, Inc. The company is based in Montreal, Canada.
Phone:
514-397-0575
Fax:
Key Executives
Mr. Michel St-Pierre
Acting Chief Financial Officer
Age: 45 Total Annual Compensation: $100.0K Dr. Tri Vu Truong
Chief Executive Officer
Age: 61 Mr. Claude Pellerin
Secretary and Director
Age: 38
Compensation as of Fiscal Year 2007.Key developments
Ecolocap Solutions Inc. Signs Additional Projects
08/20/2008
Ecolocap Solutions Inc. announced that the company has signed additional projects that effectively doubles the company's CER reserves with long term contracts. In addition, the company in China and Vietnam, has also signed preliminary agreements and numerous other projects that will increase the company's growth by a large margin. In Vietnam, EcoloCap has signed agreements with one Biomass Valorization project and three new Hydro Power projects. In China agreements were signed with four large Industrial Improvements projects comprising of two steel mills, one cement production complex and one coal mine. So far, EcoloCap's total projects represents an annual production of 807,660 Carbon Credits (CERs) where each unit currently trades on the World Market at €19.71 or $29.04. Most contracts are for a period of 17 years.
Ecolocap Solutions Inc. Appoints Cherry Lim as Director
07/22/2008
Ecolocap Solutions Inc. announced that Ms. Cherry Lim, 42, was appointed Director of the Company's Board of Directors on June 30, 2008. Ms. Lim has more than 20 years of experience in manufacturing, telecommunications, and VC investments. Prior to joining Advanced ID Corporation earlier this year, Ms Lim was CEO of Tsing-Tech Innovations Co. Ltd.
Ecolocap Solutions Inc. Announces Board and Executive Changes
07/15/2008
On July 11, 2008, Mr. Alexander Clement Gilmour resigned as Chairman and member of the Board of Directors of Ecolocap Solutions Inc. Mr. Gilmour served on the Company's Board of Directors since August 19, 2005. Mr. Gilmour has not expressed any disagreement with the Company on any matter relating to the Company's operations, policies or practices. As of July 11, 2008, the company appointed Robert George Clarke as Chairman and member of Board of Directors. Since June 2000, Mr. Clarke has been Chairman and Chief Executive Officer of 7bridge Capital Partners.
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