RVPlus Enters $10.5 Million Material Agreement With West African Federal Government For ECCO2 Project
NEW YORK, Dec. 27, 2012 (GLOBE NEWSWIRE) -- RVPlus, Inc. (OTCQB:RVPL), holding company of ECCO2 Tech has and entered and reported a $10.5 million material agreement with the Ministry of Planning and Economic Affairs for the Republic of Liberia, which will provide goods and services that support carbon-emissions reduction, energy efficiency, in addition to supporting climate change, environment, forestry, social affairs, and agriculture.
Cary Lee Peterson, RVPlus Chairman-CEO and ECCO2 Corp founder comments, "ECCO2 has made significant progress in cooperation with Parties for business development and expansion within Africa. LINGS project will broaden the educational programs for research and development studies for climate change, social affairs, mitigation, and energy efficiency that are current active in Africa today. You can expect to see ECCO2's global alliance follow the lead of the pioneers proactive with the diversified and sustainable green solutions being utilized by ECCO2 Tech and partners in the marketplace today."
RVPlus, Inc. recently filed a quarterly report showing $8.66 million from accounts receivable as of October 31, 2012 and is projected to see $276.5 million in sales over the next year due to purchase agreements with foreign government parties reported a $297,117 deficit accumulated during the development stage from August 1, 2012 to October 31, 2012 and a financial risk remaining at a moderate status. In the past six months the company has made entry into three definitive material agreements with foreign government parties for goods and services, holding a total value of $1,950,000,000 (1.95 billion US dollars), which are associated to Civil Society Programs, collectively organized by United Nations affiliates and Parties. Thus, the company's subsidiary, ECCO2 Tech is designated as the exclusive vendor and supplier for each Civil Society Program for ten years from the affective date of both material agreements. The Liberia Institute for Global Studies ("LINGS") is a $750 million project in development stages that will consist of Africa's first green campus for grades 6-12, in addition to vocational trade courses for African students to attend classes online or in person at the campus that will be built in Liberia. Hon. Luo Harrison, Ag. Deputy Minister of Planning and Economic Affairs for the Republic of Liberia in Monrovia says, "LINGS project and ECCO2 Liberia Programme are the start of new solutions for economic and business development in West Africa to create innovative way to support for climate change, adaptation, mitigation, and education about our environment and encourage efficient uses of energy and agriculture within our communities. I see a great future for ECCO2 in West Africa, which shall enhance learning methods within West Africa's education system that can help our economy in the near future."ECCO2 Tech, subsidiary of RVPlus, Inc, is a. domestic and export provider for American manufactured green technologies that are sustainable, energy efficient and lower carbon-emission generated by transport and facilities to commercial and government agencies worldwide. The company also supplies ' green' products that enhance growth of crop and forestry, currently active in the West Indies, Latin America, and Africa. It has been over three years since a concept company in exploration stage, calling itself 'ECCO2', an acronym that means Environmental Control of Carbon Dioxide publicized its 'go green' theme. Long before ECCO2 was acquired by RVPlus in May 2012, ECCO2 had been seen in major publications as Forbes Magazine and The Wall Street Journal, in additional to several news articles about business activities with United Nations and foreign governments.
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