GROVELAND, Fla., Nov. 15, 2012 /PRNewswire/ -- Eco Ventures
Group, Inc. (OTCBB: EVGI), an emerging producer of diversified
sustainable alternative energy and resources, today announced the
Company was featured, favorably, in a recent research report on the
biofuel industry. That report, titled, "What Happened to Biofuel
1.0?" is available at
http://seekingalpha.com/article/939371-what-happened-to-biofuel-1-0.
The research report is written by Randy
Lewis, MBA, CFA, AVA, founder of The GSL Group
(www.thegslgroupllc.com). Mr. Lewis is a highly accredited
securities analyst with 13 years experience, and GSL specializes in
valuation and business planning services. Excerpts from the
report include:
"Earlier this summer, EVGI signed a definitive agreement to
acquire Energiepark Suptitz GmbH, a German rapeseed oil producer
('EPS'). EPS is also involved in brokering rapeseed oil and has
some interests in solar and wood chips as well. What was 75%
ownership, will now be 100%."
"Regarding revenue, management is talking some big numbers,
which include primarily EPS. FY 2013 revenue will be derived
from:
- EPS operations which include the aforementioned
- A 3.6 million gallon biofuel facility to begin operations Q1
2013
- Another five million gallon facility to begin operations around
the beginning of Q4 2013."
"Things look more promising especially with the announcement
last week of an expanded EPS deal for $121
million over the next 15 months. The contract with this
existing customer was slated to account for about $15 million this year."
"Furthermore, the balance sheet - read, 'net assets' - acquired
from EPS might make the company ready for a senior exchange almost
immediately."
Eco Ventures provides the link to the report, and excerpts, as
courtesy to its shareholders for informational purposes. The price
targets, financial projections and other opinions contained in the
report are strictly those of the analyst and not of Eco
Ventures.
About Randy Lewis, The GSL
Group
Founder of the GSL Group, LLC (www.thegslgroupllc.com). Mr.
Lewis has more than 13 years experience in securities and portfolio
analysis, as well as corporate financial advisory and strategic
planning. GSL specializes in valuation and business planning
services. Prior to forming GSL, he served as an equity analyst at
SSI Investment Management, Inc., a $500+ million money management
firm, specializing in sophisticated, hedged investment strategies,
and serving institutional and high net worth clients.
Mr. Lewis has had several articles published, most notably in
HFR Journal of Hedge Fund Research on the subject of merger
arbitrage. He received his Bachelors Degree with honors in Finance
from California State University,
Fullerton, an MBA from the Anderson School of Management at
UCLA and is a holder of the Chartered
Financial Analyst (CFA) and Accredited Valuation Analyst (AVA)
designations. He is also an assistant professor of business at
Los Angeles Pierce College, as well as
a member of the CFA Institute (CFAI) and the National Association
of Certified Valuation Analysts (NACVA).
About Eco Ventures Group
Eco Ventures Group, Inc. ("EVGI") is both acquiring and
developing a portfolio of ecologically friendly businesses to
provide renewable energy and related feedstock
(www.ecoventuresgroup.com).
The Company on August 7 reported
it had signed a Definitive Agreement to acquire EPS. EPS is a
Germany-based diversified
alternative energy feedstock, transportation, heat & solar
power production company with approximately 50 employees -- whose
primary business is the production, processing and brokering of
alternative energy feedstocks including rapeseed, palm oil and
wood. The acquisition combines two renewable energy companies
whose technology, bio fuel and grid-tied energy products will
create a diversified international platform with important
operating synergies.
Safe Harbor Statement
Safe Harbor statement under the Private Securities Litigation
Reform Act of 1995: EVGI encourages those interested in our Company
to rely only on information included in our filings with the
United States Securities and Exchange Commission which can be found
at www.sec.gov. Statements released by Eco Ventures Group, Inc.
that are not purely historical are forward-looking within the
meaning of the "Safe Harbor" provisions of the Private Securities
Litigation Reform Act of 1995, including statements regarding the
company's expectations, hopes, intentions, and strategies for the
future to include all those of its intended acquisition of
Energiepark Suptitz, GmbH. Investors are cautioned that
forward-looking statements involve risk and uncertainties that may
affect the company's business prospects and performance. The
company's actual results could differ materially from those in such
forward-looking statements. Risk factors include but are not
limited to general economic, competitive, governmental, and
technological factors as discussed in the company's filings with
the SEC on Forms 10-K, 10-Q, and 8-K. The company does not
undertake any responsibility to update the forward-looking
statements contained in this release.
Contact
Eco Ventures Group, Inc.
7432 E. Highway 50, Suite 101
Groveland FL 34736
Phone: (352) 557-4830
Email: info@ecoventuresgroup.com
Investor Contact:
Mirador Consulting
Frank Benedetto
Tel: (561) 989-3600
SOURCE Eco Ventures Group, Inc.
