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Feb. 17, 2012, Seattle, WA - ecoTECH Energy Group, Inc., headquartered in Seattle,
WA, is pleased to announce that it has received a non-dilutive debt
financing package from Corpfinance International Limited (CFI) to
fund 60% or $55 Million CDN dollars of ecoTECH Energy Group (Canada)
Inc.'s 5MW Power Plant and Aquaponic project in McBride B.C.
Colin Hall, Chairman and CEO of ecoTECH commented, "We are pleased to
receive this commitment from CFI, one of the largest capital pools in
Canada and look forward to building our operations in McBride, B.C.
We believe that this project will be the start of a major
regeneration of the industry in the area and that the economic
opportunities to attract businesses will be ample. We are working
with Corpfinance to complete the confirmatory due diligence process
and to receive final approval of CFI's investment committee."
ecoTECH continues to receive political support from the Village of
McBride and its Mayor Mike Frazier. The Village of McBride is
continuing to work with the members of the Robson Valley Hydro Task
Force in British Columbia to ensure development of the McBride
Eco-Industrial Park and provide feasible solutions for the power
transmission line. More information about the Village of McBride can
be found at
http://www.mcbride.ca.
About Corpfinance International Limited (CFI)
CFI is partly owned by the Canada Life Assurance Company which is a
wholly owned subsidiary of The Great-West Life Assurance Company. CFI
has previously provided financing for numerous successful power
projects in British Columbia (including Rutherford Creek, Furry
Creek, McNair Creek, Zeballos Lake and Boston Bar as well as other BC
Projects under construction: Tyson Creek) and across Canada, and we
look forward to successfully financing the Bremner and Trio Creeks
Hydroelectric Projects. More information about CFI and its parent
company can be found at
http://www.corpfinance.ca and
http://www.greatwestlife.com.
About ecoTECH Energy Group, Inc.
ecoTECH Energy Group, Inc. is a development-stage renewable energy
company which plans to manufacture biomass-fueled power stations that
produce renewable and sustainable "green" energy products. ecoTECH
specializes in the development and operations of thermal, 24/7,
"firm" electricity supply from "zero-carbon-footprint" power stations
which utilize proprietary ecoTECH technologies that have been
continuously improved and refined over the past 30 years. ecoTECH
intends to build five Combined Heat and Power Stations across North
America during the next five to seven years. More information about
the Company may be found at
www.ecoTECHenergygroup.com.
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