Eco Ventures Group Announces Purchase Order With Agri Liquid Products
GROVELAND, FL., December 21st, 2011 - Eco Ventures Group, Inc (OTCBB: EVGI)announced today that it has received a "Blanket Purchase Order for 120 days following first fuel production" from Agri Liquid Products of Sandy Hook, Mississippi. The purchase order agrees to purchase all EVGI's initial 3.6 million gallon per year production. The purchase order is for ASTM Fuel only and EVGI must begin production by March 28, 2012. EVGI is in the process of completing its biofuel production facility in Groveland, Florida. ASTM Fuel is currently selling at an average price of $3.35 per gallon. At current market prices, the purchase order is valued at approximately $12 million dollars.
"This is an important purchase order for EVGI. This confirms our commitment to the bio fuel market and to our business model in build additional facilities," said Randall Lanham, CEO of Eco Ventures Group.
Eco Ventures Group, Inc. is a family of ecologically friendly and economically sound businesses committed to providing for society's minerals, energy and renewable resource needs.
EVGI concentrates on two core business activities. EVGI's Eco Minerals Recovery Group specializes in the extraction of precious metals from ore bodies and reclaimed mine tailings, and Eco Energy Group will focus on the production of advanced biodiesel from recovered cooking oils and oil rich plants.
Eco Ventures Group, Inc.
7432 East Highway 50
Groveland, FL. 34736
Phone: (352) 557-4830
Statements made about our future expectations are forward-looking statements and subject to risks and uncertainties as described in our most recent filings made with the US Securities and Exchange Commission, and are subject to change at any time. Our actual results could differ materially from these forward-looking statements. We undertake no obligation to update publicly any forward-looking statement.