WASTELECTRIC

Under 10 year service agreement with several municipalities [for $8MM plus yearly revenue], the company will build primarily a municipal solid waste [MSW] & Industrial waste recycling plant in Alajuela, Costa Rica, and the business model is based on the 3R [Reduce, Reuse and Recycle] principle of the waste management law of the country. All recyclable materials will be collected from the installed advanced MRF [material recovery facility] system & sold to buyers like Coca Cola, Florida Bebidas, ... and others [$25 MM a year or more in revenues, based on historical market performance]. Next, the plant will produce engineered fuel called RDF [Refuse Derived Fuel] using non-recyclable plastics, papers and cardboards, textiles, wood fractions, rubbers, etc. RDF will be used for waste-to-energy applications that meet both US EPA and EU environmental regulation standards. The company has received a off take contract for the RDF from a large cement company in Costa Rica. The organic faction for the waste will go to landfill for a short while until the parent company builds and commissions its waste-to-energy plant, which has received all permits but the environmental approval is pending. [Ultimately both the RDF and organic waste will become the feedstock for the WtE plant. This WtE project is a separate project that is not ready for funding yet.] MRF Technology: Well established throughout the world, especially in developed countries, with proven track records of success. Municipalities and waste management companies in the US and Europe are the major users of this technology. The turnkey system will be fully bonded/insured for performance guarantee. The project has acquired all permits including environmental license to proceed with construction permit.More