Good Afternoon Members! KGET saw gains of 15% this morning on some nice trading action! Can we see more gains today! Keep a very close eye on it ! Today`s Breaking News:
Kleangas Energy Technologies, Inc. Acquires A ProfitablePellet 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.” Our Latest Alert is: KGET , KleanGas Energy Technologies Inc.
The chart on this Sub-Penny Ticker has been on an extremely oversold pattern for sometime now… with recent company developments, many more traders have begun to put this ticker on their radars! Even more! With a PPS of just .0035, the recent uptick in volume and buying seems to indicate shares are being accumulated in anticipation of a HUGE REVERSAL, and any burst in volume could send the PPS moving to the upside VERY Quickly.
We are looking forward to today`s action and are truly recommending KGET as a solid trade! ~~~~~~~~~~~~~~~~~~~~~~~~~~
About KGET 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.
G-Pel G-Pel Inc., provides cleaner alternatives to coal in the form of RDF pellets. RDF Pellets can be used for heating plant boilers and for the generation of electricity.
They can also act as a good substitute for coal and wood for domestic and industrial purposes. The important applications of RDF are found in the following spheres:
Cement kilns, RDF power plants, Coal-fired power plants, Industrial steam/heat boilers, Pellet stoves.
Green Day Technologies Green Day Technologies, Inc. mission is to employ Green Technologies (clean technologies) to produce Renewable and Sustainable Energy for a cleaner planet while conserving the Earth`s natural environment. Our cost effective Green Energy Technologies will efficiently help to curb the negative impacts of humans on the Earth for our generation and generations to come.
GDT Tribal GDT Tribal Services, a division of GDTTek, Inc., has been established to serve both the Native American Tribal communities, and act as liaison to the general business community that wants to provide commercial solutions for Tribal initiatives.
Kleangas Energy Technologies, Inc. Subsidiary Second Cycle Recycling Update 8:15 AM ET 7/14/14 | Marketwire Kleangas Energy Technologies, Inc. (OTCQB: KGET) subsidiary Second Cycle Recycling, (SCR) has signed 2 new clients for its document destruction services. SCR continues to expand its message that shredding is not a safe method for the destruction of important documents. Pelleting ensures the complete destruction of the content of any and all sensitive documents that must comply with all privacy laws.
Don Willis EVP of SCR stated, “Besides SCR acquiring new business clients for document destruction SCR is also approaching local government agencies to offer them the benefit of SCR`s services. SCR is now working on developing additional products created out of shredded paper and bringing those products it market.” ~~~~~~~~~~~~~~~~~~~~~~~~~~
KGET Chart ~~~~~~~~~~~~~~~~~~~~~~~~~~
Best Regards, PennyDreamers.com ~~~~~~~~~~~~~~~~~~~~~~~~~~
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