International Power Group Signs Letter of Intent for Financing with Providence Financial Services for a Waste to Energy Plant In Mexico.WANTAGE, N.J. -- International Power Group, Ltd. (Pink Sheets: IPWG IPWG Internet Policy Working Group (FCC) IPWG Implementation Planning Working Group IPWG Interactive Privacy Working Group IPWG Interagency Project Working Group IPWG Internet Privacy Working Group IPWG Integrated Portfolio Work Group ) announced today that it has signed a Letter of Intent with Providence Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. to finance the building of a Waste-to-Energy plant in Encinada, Mexico. Upon successful financing IPWG would seek the services of Naanovo Energy Inc. (http://www.naanovo.com) to build the Energy plant. The financing would be collateralized by waste contracts currently held by International Power Group and TAT. Additional collateralization In medicine, collateralization, also vessel collaterlization and blood vessel collateralization, is the growth of a blood vessel or several blood vessels that serve the same end organ or vascular bed as another blood vessel that cannot adequately supply that end organ would be provided by the sale of energy, expected to be generated by production of this facility. Annual sales of electricity are projected to be one hundred million dollars ($100,000,000). About Naanovo Energy: Naanovo Energy, Inc. (Naanovo) is a global alternative energy company based in Calgary, Alberta, Canada with regional offices in Angelholm, Sweden, Portland, Oregon, USA, Aruba, Dutch Antilles and Dubai, United Arab Emirates United Arab Emirates, federation of sheikhdoms (2005 est. pop. 2,563,000), c.30,000 sq mi (77,700 sq km), SE Arabia, on the Persian Gulf and the Gulf of Oman. . Its recent amalgamation with two Swedish companies This is a list of Swedish companies: Companies
Municipal solid waste (MSW) is a waste type that includes predominantly household waste (domestic waste) with sometimes the addition of commercial wastes collected by a incineration incineration the act of burning to ashes. technology, as well as new and innovative waste heat to energy technologies, for the generation of electricity. Anovo AB and Add power AB are well-known in Sweden, one of the leading countries in the world for converting waste into energy, as the creators and patent holders of a majority of these technologies. The company believes its technologies are superior to all of their competitors. Until their amalgamation with Naanovo, Anovo AB and Add power AB focused all of their engineering and sales efforts in Sweden where they developed eight waste to energy plants and licensed their technology for many other projects. Since that time, Naanovo has dramatically expanded the company's sales efforts to include North America, South America, the Caribbean, Europe and Asia. Sales are expected to exceed $3 billion in 2005 and to double in 2006. At the same time, the company's modular plant and systems design philosophy is allowing it to rapidly expand production throughout the world and lower costs of key components and systems. This is also expected to significantly reduce plant and system construction time and costs while providing for expansion of these facilities on an as needed as needed prn. See prn order. basis without operational disruption. About Providence Financial Services: Providence Financial Services, L.L.C. ("PFS PFS, n post facilitation stretch; therapeutic approach utilized during proprioceptive neuromuscular facilitation in which the patient begins the stretch midway between the fully relaxed and fully stretched position and uses maximum level of effort to "), acts as a facilitator to provide financing, corporate structure and business advice. On average, each of the PFS partners has more than 35 years of experience in their respective areas of expertise and have arranged aggregations, financings and transactions of over one billion dollars per partner. Past transactions executed by the PFS partners have involved public companies, private concerns and government entities. About International Power Group, Ltd: International Power Group offers services that include the following: Waste Reduction; Remediation; Compaction and Shallow Burial of Hazardous Waste Hazardous waste Any solid, liquid, or gaseous waste materials that, if improperly managed or disposed of, may pose substantial hazards to human health and the environment. Every industrial country in the world has had problems with managing hazardous wastes. . The Company currently has contracts with Ecologia Siglo XXI, Ensambles de Mexico, Persianas de Mexico, Corporacion Internacional, Quistar, Hospital Santo Thomas and Internacional Del Monte for hazardous waste remediation in Mexico. The Company is dedicated to promoting cooperation among energy producing industries and nations through the advancement of environmentally friendly practices. Through its international contacts, the Company is uniquely positioned to address the various waste management needs of developing industrial nations as well as the waste disposal needs of industrial nations in Asia and the Pacific Rim. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Act Disclaimer: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. The Company's actual results, performance, and achievements may differ materially from the results, performance, and achievements expressed or implied in such forward-looking statements. |
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