EcoSystem Executes Management Agreement with Global Ethanol

Targets Acquisition of Distressed Ethanol Assets

EcoSystem Corporation (ESYM:ecosystem corporation com
News , chart , profile , more
Last: 0.00+0.00+150.00%

3:58pm 05/07/2009

Delayed quote dataAdd to portfolio
Analyst
Create alert Insider
Discuss
Financials
Sponsored by:

ESYM 0.00, +0.00, +150.0%) today announced the execution of a management services agreement with Global Ethanol, LLC to provide corporate and plant management services to the company.

Glen Courtright, EcoSystem's president and chief executive officer said that "Our strategic plan involves the acquisition of operational renewable energy production assets that complement our technology development efforts. We are currently evaluating a number of qualified opportunities that have the infrastructure we need to implement and scale our technologies.

The execution of the agreement with Global Ethanol is the first step in executing these plans and accelerating our technology commercialization efforts. Global brings existing operational expertise and commodities management infrastructure that will be key to the successful operation of any facilities that EcoSystem may acquire. We look forward to working with Global's team"

Additional information regarding EcoSystem's acquisition and technology development plans will be provided later this month.

About Global Ethanol
Global Ethanol, LLC operates two corn based ethanol plants for a production total of 160mmgy located in Riga, MI and Lakota, IA. The company is experienced in construction, start-up, and operations and maintains a strong differentiator of all internalized functions and services with collective experience in ethanol production, plant management, grains procurement, ethanol marketing, risk management and project development.

About EcoSystem Corporation
EcoSystem is innovating new biological, chemical and physical technologies that are designed to resolve compelling ecological challenges while producing value-added carbon-neutral products. Additional information is available online at www.eco-system.com.

source: marketwatch