|By Marketwired .||
|March 4, 2014 08:15 AM EST|
TAMPA, FL -- (Marketwired) -- 03/04/14 -- 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 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.