Haiti

Haiti Government and ECCO2 Corp Enter $1.5 Billion Dollar Cleantech Project Discussions to Reduce Carbon Emissions and Stimulate Economy

PORT AU PRINCE, HAITI--(Marketwire - September 6, 2010) - Haitian Senate president Kely Bastien and environmental innovators ECCO2 Corp (www.ecco2usa.com) have entered into talks regarding the launch of the "ECCO2 Haiti Project" in efforts to reduce carbon emissions and stimulate the Haitian economy following the catastrophic earthquake earlier this year. This clean development mechanism (CDM) will be achieved by installing ECCO2's patented technologies within all 133 communes that make up the nation.

Senate president Bastien says, "We are happy to open discussions of economic development for the ECCO2 Haiti Project and getting the operation active. The ECCO2 Haiti Project can serve as an example for the rest of the world in the fight against global warming."

The Republic of Haiti has been a member of the Kyoto Protocol since 2005 and currently has an estimated national carbon footprint of 10 million metric tons per year according to current statistics. The ECCO2 Haiti Project is expected to offset as much as 80 million metric tons of carbon emissions over the next 10 years. The carbon emission offsets will generate certified emission reduction (CER) credits holding a current value of about $1.5 billion dollars (USD). The carbon credits will be sold to various trading firms and investment banks to finance the ECCO2 Haiti Foundation; a not-for-profit organization whose primary focus is to further economic development in Haiti using environmental initiatives as its catalyst.

President of ECCO2 Corp, Cary Lee Peterson, comments, "The ECCO2 Haiti Project opens up vast employment opportunities and potential economic growth as Haiti continues to restore its infrastructure. While many have turned a blind eye towards them since the disaster, we are honored to be an active part of rebuilding the new Haiti."

Although final details of the ECCO2 Haiti Project are still in discussions, Haitian Prime Minister Jean-Max Bellerive and ECCO2 Corp are set to complete negotiations within the next few weeks to launch the program.

About ECCO2 Corp:

ECCO2 Corp is a not-for-profit sister company of DBS Distributors, Inc. f/k/a Fuel Concepts Pty Limited who are worldwide manufacturers and distributors of the ECCO2 / ECO Systems product line. The company's patent technologies have been used by government agencies over the past 9 years, reducing greenhouse gases output by motor vehicles and fossil fuel generators all over the world. The ECCO2 (Environmental Control of Carbon Dioxide) Project was launched in July of 2010 as a multi-billion investment plan with various banks and private investors with interests to develop and trade over 400 million carbon emission offset futures through use of ECCO2 / ECO Systems products used in CDM projects worldwide from 2010 through 2020. (For more details visit www.ecco2usa.com or www.ecco2haiti.com).

For Further Information, contact:
Wendy Collins Squirewell
TEL: (512) 650-1028
Email: Email Contact

http://www.marketwire.com/press-release/Haiti-Government-ECCO2-Corp-Enter-15-Billion-Dollar-Cleantech-Project-Discussions-Reduce-1314224.htm

http://www.marketwire.com/mw/search.do?params=&grpSearch=C&companyid=75350