SOURCE: EncounterCare Solutions
NORTH PALM BEACH, FL--(Marketwire - Jul 30, 2012) - EncounterCare Solutions, Inc. (PINKSHEETS: ECSL) announced today that its subsidiary, CyberFuels, Inc., has acquired certain assets from AlternaFuels, Inc. AlternaFuels, Inc. has commercialized a fuel product designed to replace the current formulation of gasoline. The proprietary patent-pending gasoline replacement product was developed over several years. The product is sold under the trade name Singular 96™. The fuel is an enhanced energy feedstock blended with methanol and gasoline. The product is manufactured in the United States and exported to Canada. Environmental Canada's Oil, Gas and Alternative Fuel Division (similar to the US EPA) has no regulations prohibiting or limiting the use of methanol blends in transportation fuels.
The initial delivery of the Singular 96™ occurred on May 25, 2012. Approximately, 800 vehicles were fueled with Singular 96™. The first customer is a group of 20 Federated Independent Stations (FIS) that are located outside of Montreal, Quebec. The price for this premium grade 96 Octane fuel was seven (7) cents a gallon below the local prevailing price for regular grade 87 Octane gasoline.
The assets purchased included all existing contracts, and intellectual property, including patents, pending patents and Trade Marks. Included in the acquisition is a $150 million contract for conversion of the twenty stations in Montreal to Singular 96™. Deliveries are underway and the schedule ramps up to 24 shipments per week within three weeks. CyberFuels has raised sufficient capital to fulfill the existing contracts.
The company expects to make additional information available regarding this contract and other company initiatives in an updated business plan that will be released in August.
About EncounterCare Solutions:
EncounterCare Solutions, Inc. (PINKSHEETS: ECSL), headquartered in Palm Beach Gardens, Florida is an integrated healthcare and Energy company that operates its business through three divisions, the Healthcare Technology Division, the Healthcare Services Division, and the Energy Division. ECSL's three operating businesses offer a broad range of proprietary healthcare technology, products and services, and energy that address several substantial target markets, including: the Healthcare Information Technology market, the Healthcare Telemedicine market and the Homecare market. The addition of Cyber Fuels adds a new and exciting area of business.
About AlternaFuels, Inc.
AlternaFuels comprises disruptive or transformational technologies that support energy independence based upon indigenous sources of potential energy that vary by state, region and country. The proprietary, patented and patent pending energy technologies of AlternaFuels share the common thread of changing the form of energy in novel chemical-physical processes, rather than biological processes, to amplify the amount of useful energy that can be harvested.
Certain statements and information included in this press release constitute "forward-looking statements" within the meaning of the Federal Private Securities Litigation Act of 1995. When used in this press release, the words or phrases "will likely result," "expected to," "will continue," "anticipated," "estimate," "projected," "intends," or similar expressions are intended to identify "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks, known and unknown, and uncertainties, including but not limited to, economic conditions, dependence on management, dilution to shareholders, lack of capital changes in laws or regulations, the affects of rapid growth upon the Company and the ability of management to effectively respond to the growth, demand for products and services of the Company, newly developing technologies, its ability to compete, conflicts of interest related to party transactions, regulatory matters, protection of technology, lack of industry standards, the effects of competition, and the ability of the Company to obtain additional financing. Such factors could materially adversely affect the Company's financial performance and could cause the Company's actual results for future periods to differ materially from any opinions or statements expressed within this press release.