Kleangas Energy Technologies Inc (KGET)
Hey all, Just a quick update on KGET. We saw a nice run at the open on strong volume, giving those who were quick enough to capture some nice gains. It has since pulled back and appears on Level 2 that it could be well supported here at $0.0032 . We could see a move higher off these levels. Make sure you keep watching KGET today. The volume is strong and the news (below) is good, so we could see a bounce here. All the best for the rest of today. The Team PennyStockGeneral.com >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> Morning all, Last night we introduced you to Kleangas Energy Technologies Inc (KGET). I hope you`ve had a chance to do your own due diligence and are ready to trade. KGET just announced some big news this morning which could heat things up today… Kleangas Energy Technologies, Inc. Acquires A Profitable Pellet Production And Electricity Generation Plant
Aug 07, 2014 (eTeligis.com via COMTEX) — TAMPA, FL, United States, via ETELIGIS INC., 08/07/2014 – – Kleangas Energy Technologies, Inc. (OTC PINK: KGET) is pleased to announce that It has signed a definitive Stock Purchase Agreement acquiring an expansive Clean Energy Company that has a production capacity of 15,000 MT (Metric Tons) of Pellets per year and generates approximately 2.4 MW (Mega Watts) of electricity. This acquisition brings into Kleangas a company generating over $1,500,000 in gross revenue and an EBITDA of more than $600,000. Both operations are green environmentally friendly operations generated out of this one facility.
The plant burns waste landfill gases to create electricity, which in turn is sold into the grid and purchased by major utilities. This electricity is purchased by the Utilities at a premium to fossil fuel produced electricity because it is clean/renewable energy. Each state is mandated to reach certain levels of clean energy within the next few years. Most states are not close to reaching these mandated levels so they in turn are will to pay a hefty premium for this clean energy.
This facility also uses the heat generated by the burning of the landfill gas to create wood pellets. Wood pellets are used as an alternative to coal as a fuel, which is burned to create electricity. This 20,000 sq. ft. facility sits on 5 acres of land. The current facility can be doubled in size. Enough Pellet lines can be added in to bring monthly pellet production to more than 5,000 metric tons per month. An additional facility can be cost effectively added to the land allowing for future pellet production to easy exceed more than 10,000 metric tons a month.
Mr. Linton CEO of Kleangas stated, "This acquisition fits perfectly within our core business of being a green energy company by producing electricity from landfill gas and using the heat from burning the landfill gas to create wood pellets. The land associated with this acquisition can allow us to double the facility from over 20,000 sq. ft. to over 40,000 sq. ft. which means we can double the electricity generated from 2.4 MW to almost 5MW and the pellets produced from 15,000 MT to over 30,000 MT. We are fortunate that we do not have to seek buyers for the electricity generated nor for the wood pellets produced due to the high demand for both products." To see this press release in full visit http://www.otcmarkets.com/stock/KGET/news
This kind of news is sure to bring investor interest into KGET and we could see a high volume day today. So if you are not yet ready, do so now, the opening bell is just around the corner. The Team PennyStockGeneral.com >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> Traders ,
As promised, our alert for tomorrow is Kleangas Energy Technologies Inc (KGET). KGET closed today at $0.0035 and is showing some signs of life after trending around these levels for several months. Today there was a small uptick in volume as it closed at highs of the day. Tomorrow we could see a continuation here as momentum traders jump on board and short sellers get squeezed. KGET`s 50 day moving average is around $0.004 which could act as some resistance, but a break through these levels could bring the 200 day moving average into play at around $0.007. And as you can see in the chart, KGET has established a strong base over the past few months at around $0.0030 – this could act as support and give traders confidence that the risk v reward is favorable.
Kleangas Energy Technologies, Inc., is a company dedicated to producing alternative clean technologies and products that promote energy efficiency throughout a wide range of applications. Through its wholly owned subsidiaries Kleangas manufactures and sells wood pellets as an alternative to coal and a waste heat to electricity patented technology. Green Day Technologies Inc. has licensed patented waste heat to electric power generation technology and works as a co-generator when installed on a primary electrical generator unit. It is also powerful enough to serve as a primary energy source. Green Day`s subsidiary G-PEL also has pending contracts to sell refuses and biomass derived pellets, which are alternatives to producing electricity instead of the traditional method of burning coal. Second Cycle Recycling subsidiary of Kleangas creates pellets made from recycled paper to be used for cat litter, animal bedding and a variety of other used to be developed. You can find out more about KGET on their website at www.kleangas.com
Kleangas Energy Technologies, Inc. Receives New Letter of Credit for Pellet Shipment to Busan Korea Accesswire (Thu 24 Jul) Kleangas Energy Technologies, Inc. Subsidiary Second Cycle Recycling Update Marketwired (Mon 14 Jul) Kleangas Energy Technologies, Inc. Subsidiary Second Cycle Recycling Developing Ecommerce Site Marketwired (Thu 19 Jun) Second Cycle Recycling Subsidiary of Kleangas Energy Technologies, Inc. Moving Forward Marketwired (Tue 17 Jun) And we are expecting a major announcement from the company tomorrow , which is sure to spice things up and make for a solid volume day of trading in KGET. Make sure you do your due diligence on KGET tonight and be ready to trade at the bell tomorrow. I will be sure to update you with any news I see in the morning. Until then, have a great evening.
The Team www.PennyStockGeneral.com
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