|By Marketwired .||
|May 1, 2014 06:15 AM EDT||
SAN ANTONIO, TX -- (Marketwired) -- 05/01/14 -- TransAct Energy Corp. (OTCQB: TEGY) received confirmation of a three-hundred thousand dollar ($300,000 USD) payment towards a "Phase One Engineering Review" of its Zero Emissions Waste Optimization Plant (Z.E.W.O.P. ) from the newly formed Puebla, Puebla, Mexicowaste consortium. The payment is the first step towards a partnership to build a Z.E.W.O.P. in Puebla, MX. The engineering review is to be conducted by an internationally recognized engineering firm that will confirm the feasibility of the Z.E.W.O.P. to process the Puebla, Municipal Solid Waste ("MSW") as represented by TransAct Energy.
TransAct's representations include processing waste without emissions to land, air or water and that all waste is reclaimed into useable products. The engineering review will include "Front End Engineering Design" (FEED), mass and energy, preliminary layout, services interconnect, Process and Instrumentation Diagrams (PID) and the engineering report with final recommendations.
Metropolitan Puebla has a population over 2,668,347 people and generates over 1800 metric tons of MSW per day. Located 131 km south-east of Mexico City, Puebla is an important cultural and industrial city in Mexico. The consortium has been established to represent Puebla MSW stakeholders in an effort to eliminate using landfills, contamination of ground water and green house gas emissions from the MSW.
"The Engineering Review is the first step to confirm TransAct's ability to eliminate incineration and landfills for MSW in the Municipality of Puebla. We have worked hard to get to this point," says Rod Bartlett, CEO of TransAct Energy. "We are very excited for what it means to our shareholders and more importantly the world."
About TransAct Energy Corp.
TransAct Energy Corp. is a Nevada organized company trading on the OTCQB as TEGY. TransAct has set out to eliminate the impact of humans waste on the environment by capturing all of the resources in our refuse using innovations in process and technology. We do this by developing and implementing technologies that provide useable energy in sustainable ways.
Visit TransAct's website www.transactenergycorp.com, follow them on twitter transactenergycorp@transactenergyc and contact them for more information about Transact Energy.
Safe Harbor This press release contains certain statements that may include "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects," "anticipate," "optimistic," "intend," "will" or other similar expressions. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under applicable securities laws, the Company does not assume a duty to update these forward-looking statements.