NEW YORK, Feb. 5, 2013 (GLOBE NEWSWIRE) -- RVPlus, Inc., (OTCQB:RVPL) holding company of ECCO2 Tech has announced a partnership and letter of intent for a merger-acquisition, in pursuit to deploy and expand LINGS, a sustainable 'green' education program throughout Africa, Micronesia, Asia, West Indies, and Latin America founded last year. The projected sales revenue to be generated from the partnership with Intervisual Technology are in the billions due to eligible grants and debt financing from United Nations financial aid partners, who are encouraging the new addition to the ECCO2 Civil Society Programme. RVPlus, Inc. currently holds over $24 million in accounts receivable from invoicing for products and services rendered for active government contracts in Africa and West Indies, displaying significant growth from the Company's quarterly filing as of October 31, 2012, which shows $8.66 million from accounts receivable and $297,117 deficit accumulated from August 1, 2012 through October 31, 2012. The Company is in pending negotiations with lenders and private investors who will provide cash payments for the accounts receivable invoices. The Liberia Institute for Global Studies (also known as LINGS) is a $750 million project to construct the first green campus in West Africa, by and between ECCO2 Tech, ECCO2 Corp and West African federal government parties. Intervisual Technology will provide the educational products and services to LINGS physical and virtual learning applications on a subscription basis to support cost-effective learning for students in developing countries lacking sufficient financial resources for more schools, teachers, and regularly schedule classes. The overall objective is to provide sustainable educational tools and resources to enhance social development, women's rights, and further education on climate change and energy efficiency solutions that will preserve our agriculture, environment, and economy. RVPlus CEO, Cary Lee Peterson comments, "This deal has been in talks and in works for almost two years. There was much to negotiate and comprehend in the development stages of this engagement but I think now is the perfect opportunity to take our ideas into action to help educating the youth that will be taking care of the planet thirty to forty years from now, and generations to follow. Intervisual Tech offers an economically viable solution to school systems and governments that are growing fast and do not have the funding to hire more teachers and build new schools to provide a moderate learning environment for our children." RVPlus and Intervisual Technology plans include a completed merger-acquisition by April 2013 and launch of pilot LINGS projects within Guam, West Indies, Central America, and West Africa by Summer/Fall season 2013 For more details about RVPlus and ECCO2, go to http://www.ecco2tech.com .
RVPL Announces Partnership With Intervisual Tech In Pursuit To Expand LINGS Green Schools Program With ECCO2 Tech
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