MONTREAL, QUEBEC--(Marketwire - 09/09/09) - EcoloCap Solutions Ltd. (OTC.BB:ECOS - News) ("Ecolocap") took effective control of Micro Bubble Technology inc. ("MBT") of Barrington, Illinois on September 8, 2009. Ecolocap acquired 1,100 shares of common stock of MBT which constitutes 55% of the outstanding common stock of MBT, in exchange for 54 millions restricted shares of Ecolocap's common stock.
Through a 50% ownership of Micro Bubble Technology Korea, MBT develops products and processes based on its Research & Development in the field of Nanotechnology ("MBT's business").
Michael Siegel, President and CEO of Micro Bubble and EcoloCap stated: "Over the last two years, we have researched markets worldwide, signed distribution agreements and built the base of our operation. The access to the public market through our agreement with EcoloCap (ECOS) will allow us to speed up our growth and return to our shareholders the returns expected."
MBT is preparing to launch its CNT Battery and continuing to market its EM-Fuel technology through direct sales and distribution agreements, some already signed, others in the final stages of completion in industries ranging from maritime to telecommunications.
Carbon Nano Tube Batteries ("CNT Batteries") marks a step forward in the energy storage market in the near-term by offering much superior performance compared to existing lead-acid and lithium-ion batteries. Several industries, including the telecommunications industry, have been receptive with either substantial orders or demonstrations of interest.
In independent laboratory testing, CNT Batteries have proven, for the same price as a traditional lead-acid battery, to deliver up to 8 times the reserve capacity of a lead-acid battery and 2.5 times that of a lithium-ion battery, while taking only ten minutes to recharge, as compared to five to 12 hours for standard batteries.
MBT has also developed a nanotechnology process that blends non-miscible liquids (oil and water) on a submicron level in order to create a new fuel product, the EM-Fuel. The EM Fuel has been tested over the past two years on internal and external combustion engines that burn kerosene, diesel, bio-diesel, waste oil, and heavy "bunker" oils. EM-Fuel has numerous diesel applications, including marine, wheeled vehicles, and open furnaces.
Laboratory and actual in use measurements have demonstrated a 25% reduction in cost for fuel and maintenance, while reducing particulate CO2 and NOx emissions by 60%. The M-Fuel can be used without any modification of the engine or furnace burning the oil.
Posted by Charbel on :
etrade says opening orders at this time cannot be accepted?? got to call the order in via phone? i thought it was 2009?? what happened to the tech?
Posted by Average Joe on :
Hit .24 .... up 42% on nice volume increase this morning !!
Posted by Average Joe on :
At .25 .... up 47% on great volume increase !!
Posted by Average Joe on :
Volume up 2800% over the 10-day volume average.
Posted by njrep732 on :
ecos is preaching power. its up 29.41% and is going up as we speak. Today is started with a new candle jumping 5 cents. presently its .22 cents a share. the suport is .2000, lower resistance is.2400, and the resistance is .3500. volume is 484,000 and the ten day average is 25,000,000. so were not looking for the to happen anytime soon. although, with todays change it should move slow and steady for a great run. do your DD and dont forget to take profits.
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Posted by Charbel on :
0.16 and going down???!!!!!
Posted by Average Joe on :
Company selling. Not much you can do about that .... imho
Posted by buckstalker on :
quote:Originally posted by Average Joe: Company selling. Not much you can do about that .... imho
Why else would there be two new posters on this thread with a combined 2 posts on this board = PUMPERS
Posted by Average Joe on :
quote:Originally posted by buck*******:
quote:Originally posted by Average Joe: Company selling. Not much you can do about that .... imho
Why else would there be two new posters on this thread with a combined 2 posts on this board = PUMPERS
TRUE. Good spot on that Buck. Although it did trade well until someone dumped 138,000 shares.