Message #28 From:
Stock News Bot Date: March 8, 2007 08:13:00 AM
EFTI News Coral Gables Joins SolarDiesel Corporation / Nano Chemical Systems Holdings, Inc.'s ''Green-Now'' Team
TAMPA, Fla & SEAFORD, Del.--(BUSINESS WIRE)--The City Of Coral Gables, Florida, known worldwide as “The City Beautiful” has joined EarthFirst Technologies, Inc. ("EarthFirst" or "the Company") (OTCBB:EFTI) today in its “Green-Now” initiative by executing a Biodiesel Supply and Pilot Agreement with EarthFirst subsidiary EarthFirst America’s SolarDiesel Corporation (“SolarDiesel”). Coral Gables is the first Florida city poised to reduce carbon dioxide and other harmful petroleum diesel volatile organic compounds (“VOC”) and carcinogenic particulate (“PAH”) emissions from its municipal fleet by more than ONE MILLION POUNDS PER YEAR.
SolarDiesel will administer the pilot Agreement jointly with Nano Chemical Systems Holdings, Inc. (OTCBB:NCSH) in light of their pending merger and will utilize NCSH nano-technology advances. “We hope Coral Gables will use our patented palm oil based, moly-enhanced two cycle oil, motor oil and lubricants to obtain further CO2 reductions and environmental benefits,” remarked Dr. Matthew Zuckerman, NCSH CEO and President.
Coral Gables’ Mayor Don Slesnick made the following remarks about the historic Agreement:
“Coral Gables is proud to be on the leading edge of the international movement that advocates the enactment of environmentally friendly operational policies, plans and procedures.The City Commission recently adopted the Kyoto Treaty provisions which address the subject of mitigating the effects of global warming and which set forth recommended actions that are designed to reduce the emission of harmful gases into the atmosphere.One step to help ‘green’ our City’s automotive fleet is to reduce the dependency on petroleum products by converting vehicles from petroleum diesel to ‘biodiesel’ fuels.We are proud to participate in a pilot project with SolarDiesel that will test the use of alternate fuels in several City vehicles.The Commission is committed to keeping our hometown ‘The City Beautiful’.But, our ability to achieve that goal is dependent on a world-wide commitment to avoid the disaster of uncontrollable climate change.In that effort, we intend to ‘lead the way.’With that in mind, we eagerly await the results of the biodiesel experiment. If successful, we can begin the adaptation of our entire vehicular fleet to environment-sensitive energy sources.”
EFTI Chairman and CEO John Stanton explained why he believed SolarDiesel was selected as Coral Gables’ partner in the pilot program. “SolarDiesel does not just sell biodiesel. We have a technology team that performs a specific biofuels needs analysis of the customer’s fleet and other diesel usages. This team consists of a chemist, chemical engineer, environmental specialist, industrial engineer, attorney and strategic director. The team designs and then supervises the agreed biodiesel implementation program using SolarDiesel and customer infrastructure. The team then presents written recommendations and emission reduction calculations and long-term cost-comparison estimates and blending recommendations. I am aware of no other biodiesel company in the country that offers this service. We are working with other Florida government agencies and encourage City and County officials interested in a similar pilot or full-scale program to contact SolarDiesel’s Lisa Cataudella at 813-865-1124 or lcataudella@green-now.com.”
On March 17th SolarDiesel / Nano Chemical Systems Holding’s “E-Meter” will begin to show actual and potential CO2 and other emission reductions obtained by the city of Coral Gables’ use of SolarDiesel’s biodiesel. SolarDiesel and Nano Chemical will also post possible reductions that could be obtained by other U.S. cities converting to SolarDiesel’s biodiesel fuel. For example, based on published fleet size and consumption information, DADE COUNTY FLORIDA’S USE OF SOLARDIESEL FUEL IN A B-20 BLEND WOULD RESULT IN A CO2 REDUCTION OF APPROXIMATELY 50,000,000 POUNDS PER YEAR!!!
EarthFirst Technologies, http://www.earthfirsttech.com, is a specialized holding company engaged in researching, developing and commercializing technologies for the production of alternative fuel sources and the destruction and/or remediation of liquid and solid wastes, and in supplying electrical contracting services to commercial and government customers internationally. Through its subsidiary World Environmental Solutions Company (WESCO), EarthFirst markets solid waste remediation plants utilizing a proprietary Catalytic Activated Distillation (CAVD) process, which is a superior technology developed by EarthFirst to recycle rubber tires and other waste by heating the material without burning it. Through its subsidiary EarthFirst Americas, Inc.’s SolarDiesel Corporation, the Company is engaged in the global development, marketing and distribution of biofuels.
About Nano Chemical Systems Holdings, Inc.
Nano Chemical Systems Holdings, Inc. http://www.nanochemicalsystems.com has a wholly owned subsidiary, Sea Spray Aerosol, Inc. that produces aerosol products for its own formulas and creates private labeling for various customers. Sea Spray operates out of a 36,000 square foot facility that contains offices, research, warehouse and manufacturing operations. The Company is also engaged in enhancing the effectiveness of its product line using nanotechnology where applicable.
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statement of EFTI officials are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future EFTI actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and EFTI has no specific intention to update these statements.
