Alliance Acquires Process Technology Ownership
April 17 2008 - 6:00AM
Business Wire
Alliance Recovery Corporation (�Alliance� or the
�Company�)(OTCBB:ARVY) is pleased to announce that based upon
agreements with management, attorneys have been instructed to
prepare documentation allowing the Company to acquired the
ownership of thermal chemical process technology for the conversion
of rubber to oil, process gases and a commercial grade of carbon
black. The fuel oil from this process is subsequently utilized in
large reciprocating engines that drive alternators making
electricity for industrial and/or residential demand. The use of
this technology was previously licensed to the Company in 2002. The
transfer of ownership of the rubber waste to oil process technology
to the Company provides for the continued and uninterrupted use of
the technology regardless of circumstances. In a letter prepared by
third party consulting engineers, Resource International of
Ashland, Virginia pertaining to the cost of �Replacement
Technology� dated March 6, 2002, a process �most comparable in
technology� was estimated to �have a potential project cost of
$13,500,000.� Resource observed that, �At this time, there is no
tire processing technology that, in the opinion of Resource, is
comparable to the ARC technology in its simplicity or technical
approach.� Furthermore, it was also observed that, �The difference
in this technology is that the thermal breakdown of the whole
tires, the generation of oil and hydrocarbon feedstock, and the
production of carbon black are accomplished in the same reaction
vessel offering unique operational and cost efficiencies." As a
result of Alliance management�s continued monitoring of
developments in rubber waste processing technology, it is the
Company�s opinion, that as of this date, these operational and cost
efficiencies remain unique only to Alliance. About Alliance
Recovery Corporation We are a developmental stage company that
plans to construct a showcase �waste-to-energy� facility at one of
several sites currently being investigated by our engineering team
and ourselves. Our waste-to-energy facility will recover a fuel oil
as a result of a thermal chemical process that converts rubber
waste including used or scrap tires, to oil. Subsequently, the
recovered oil is used to fuel large reciprocating engines driving
alternators making electricity. Recovering a fuel oil from rubber
waste will contribute to fossil fuel conservation efforts and
ultimately help reduce the consumption of America�s energy
resources. In addition to the sale of electricity generated from
the recovered fuel oil, several additional valuable bi-products
produced in the thermal chemical conversion process will also be
sold into either domestic or international markets. Our processing
facilities can be located, constructed and operated to meet the
specific needs of the community and operated in an environmentally
friendly manner. For more information on our Company, please visit
the website at www.AllianceRecoveryCorporation.com. Safe Harbor
Statement This press release contains statements that may
constitute forward-looking statements, including the company's
ability to implement its business plan and the future strength of
the company's business and industry. These statements are based on
current expectations and assumptions and involve a number of
uncertainties and risks that could cause actual results to differ
materially from those currently expected. For additional
information about Alliance Recovery Corporation's future business
and financial results, refer to Alliance Recovery Corporation's
Annual Report on Form 10-KSB for the year ended December 31, 2007,
which was filed with the SEC on April 15, 2008, Alliance Recovery
Corporation's Q3 2007 Report filed with the SEC on November 13,
2007. Alliance Recovery Corporation undertakes no obligation to
update any forward-looking statement that may be made from time to
time by or on behalf of the company, whether as a result of new
information, future events or otherwise.
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