TAEC: New Production Facility in San Antonio, Texas
Todays Alternative Energy Corporation announced plans to open a production facility that will manufacture a new line of industrial strength, environmentally friendly biodegradable cleaning products for consumers. TAEC has chosen to locate the production facility in San Antonio, Texas to take advantage of its business friendly low operating cost environment, its prime location for distributing TAEC's cleaning products to retailers nationwide and its proximity to a highly skilled workforce. TAEC is currently reviewing and negotiating production facility proposals submitted by the final candidates and expects to reach an agreement and start building out the facility in July.
TAEC will manufacture cleaning products in the production facility using the Company's own scientific formulas that combine only natural ingredients and contain no ammonia, phosphates, dyes, artificial scents or toxins. The products are formulated to safely and naturally remove oil and grease. TAEC will launch the new line by offering a suite of household cleaners and has plans to extend the line by introducing new products for the commercial and industrial cleaning supplies markets.
Commenting on the announcement, David Bennett, TAEC CEO, said: "We are excited to announce plans to open TAEC's new production facility that will manufacture our line of powerful scientifically formulated green cleaning products. San Antonio is a community that is creating a green city, which mirrors our mission to provide consumers with potent eco-friendly biodegradable home cleansers. We look forward to starting production and launching sales to take advantage of growing consumer demand for green household cleaners."
About the Company:
TAEC operates a biodiesel division that intends to use extraction technology to convert waste cooking oil and grease into a biodiesel fuel ingredient sold to biodiesel fuel producers. TAEC's business is designed to eliminate environmental issues associated with disposing of waste cooking oil and grease. TAEC operates a cleaning division that will manufacture and sell a new line of industrial strength environmentally friendly biodegradable cleaning products that contain natural non-toxic ingredients made more powerful by TAEC's own scientific formulations.
Safe Harbor for Forward-Looking Statements
This document contains discussion of items that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although the company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ from expectations include, but are not limited to, lack of operating history and experience in the cleaning products market, history of losses, lack of employees, risks in maintaining intellectual property, market acceptance of our new products, competition from established green cleaning products, risks in establishing a manufacturing facility and being able to produce products in sufficient quantities and at economical prices, lack of working capital, debt obligations, general economic conditions in markets in which the company does business, extensive environmental and workplace regulation by federal and state agencies, other general risks related to its common stock, and other uncertainties and business issues that are detailed in its filings with the Securities and Exchange Commission.
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Todays Alternative Energy Corporation