Kleangas Energy Has Letter of Credit for First Shipment Accepted by KGET's Bank -- Product Now Being Prepared for Delivery
March 04 2014 - 7:15AM
Marketwired
Kleangas Energy Has Letter of Credit for First Shipment Accepted by
KGET's Bank -- Product Now Being Prepared for Delivery
TAMPA, FL--(Marketwired - Mar 4, 2014) - Kleangas Energy
Technologies, Inc. (OTCQB: KGET) is pleased to report that it has
received the Letter of Credit (LOC) and now has everything in place
for processing first shipment on First Order. The logistics of
putting the LOC as well as several other factors to prepare this
first shipment took longer than originally anticipated. However,
all banking, shipping and all other aspects will be in place for
shipment and payment of product on these orders moving forward.
With all logistics in place now moving forward to deliver on
future orders, Kleangas Energy reiterates its focus on building out
and expanding its own pellet production. Building out internal
production will have a dramatic impact on profitability of future
shipments. Of particular importance is that testing of the hemp
pellets (see release of 02/28/2014) is underway and results are
expected very soon.
Bo Linton, CEO of Kleangas Technologies, Inc., stated, "It's
very exciting to see that we have the LOC in place and are now
preparing for the delivery of our first shipment on the first
order. I am in the process of rearranging my schedule so that I can
oversee every step of the process of delivery of the pellets to the
port of Los Angeles for shipment to our customer."
Kleangas:
Kleangas Energy Technologies is a company dedicated to producing
alternative clean technologies and products that promote energy
efficiency throughout a wide range of applications. Kleangas
private labels and markets Oxy-Hydrogen on-demand generators and
through its wholly owned subsidiaries sells wood pellets as an
alternative to coal and a waste heat to electricity patented
technology.
Safe Harbor Statement:
Safe harbor from liability established by the Private Securities
Litigation Reform Act of 1995. These forward-looking statements
generally can be identified by phrases such as Kleangas or KGET or
its management "believes," "expects," "anticipates," "foresees,"
"forecasts," "estimates" or other words or phrases of similar
import. Similarly, statements herein that describe the Company's
business strategy, outlook, objectives, plans, intentions or goals
also are forward-looking statements. All such forward-looking
statements are subject to certain risks and uncertainties that
could cause actual results to differ materially from those in
forward-looking statements.
Company Contact: Kleangas Energy Technologies, Inc.
http://www.kleangas.com/ Telephone 1-888-720-0806 FAX: 1-
888-720-0806 E-mail: info@kleangas.com
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