TransAct Energy Corp Signs Land Purchase Agreement for Waste Optimization Plant in Guadalajara, Mexico
Z.E.W.O.P.™ Planned for Industrial Zone in El Salto, Jalisco Mexico
TransAct Energy Corp (TEGY) announced today that they have signed a conditional purchase agreement for an 18.4-hectare, greenfield, industrial site located in the industrial zone of El Salto, Jalisco Mexico. The site has access to a major ring-road to the east and a circulation road to the west that feeds into the free-way system. This will allow easy access from where the MSW is picked up in Tlaquepaque to the Zero Emissions Waste Optimization Plant (Z.E.W.O.P.™). Products leaving the plant will have the same easy road access going to market.
This site will now undergo technical reviews to assure its compatibility for the intended Z.E.W.O.P.™ including geotechnical, hydrogeological, seismic and environmental impact studies. The site was selected based on its perceived compliance with our intended uses.
Subject to the land being approved for use and ownership, TransAct will pay 202.7 Million Mexican Pesos (approximately $10.5 Million USD). The land is larger than required, the balance can be sub-divided off and resold.
“The Agreement marks a major milestone for TransAct. With the land now under contract, we can focus on moving forward with introducing the first ZEWOP to Mexico. Our next step will be to obtain the requisite permits and permissions,” says TransAct CEO, Rod Bartlett. “We hope to complete the purchase of the land by February, and begin site preparation shortly thereafter.”
About TransAct Energy Corp.
TransAct Energy Corp. is a Nevada organized company that owns proprietary technology called Zero Emissions Waste Optimization Plants (Z.E.W.O.P.™) which takes Municipal Solid Waste (MSW) and produces multiple products without any residuals returning to the environment. These by-products include 18 different product streams including potable water, fuels, heavy metals, scrap metals, aluminum, glass, waxes, sugars and carbon which may be resold back into the marketplace at a profit. The Company intends to develop its Z.E.W.O.P.™ technology in conjunction with municipalities globally who are facing waste-management growth while trying to alleviate environmental impacts. Please visithttp://transactenergycorp.com for more information or follow us on twitter at @transactenergyc.
Safe harbor: This press release contains certain statements that may include “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are often identified using forward-looking terminology such as “believes,” “expects,” “anticipate,” “optimistic,” “intend,” “will” or other similar expressions. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov . All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under applicable securities laws, the Company does not assume a duty to update these forward-looking statements.
Roderick C Bartlett
TransAct Energy Corp.