LAS VEGAS, NV--(Marketwire - 12/18/09) - QUADRA PROJECTS INC. (OTC.BB:QPRJ - News) ("Quadra" or the "Company"), its stock quoted on the OTCBB under the trading symbol "QPRJ," announced today that it is in ongoing negotiations to enter into a Joint Venture with Renewable Energy Capital LLC, a prominent company involved in solar energy installations and an undisclosed Supplier of tires, to establish a Waste Tire Conversion Plant capable of processing waste tires into marketable by-products.
Management states that this transaction will supercharge Quadra's world-wide efforts to be a leader in "Green Tech." Over the past several months, the Supplier of waste tires for the Plant has had the opportunity to combine with competitor companies but passed on all of them. When compared to the significantly lower capital cost, its production of higher quality by products, the higher rate of return and the proven commercial viability of the technology, the Supplier concurred there was no comparison.
Management of Quadra has taken a conservative approach forecasting revenues of the Plant. Nonetheless, with the cost and revenue synergies, Management of Quadra projects as attainable for the Joint Venture in the first twelve months after completion of the plant, revenues exceeding $30 million. The Joint Venture also contemplates expanding operations quickly after completion of the first Plant to take advantage of the unique opportunity that exists for the creation of "GreenTech" by-products.
The QES2000System is patented and Management of the Company is of the opinion that it is the most advanced prolysis and gasification system in the world, specifically designed to convert all organic waste such as palm husks (including used tires, plastic waste and municipal waste etc,) to valuable by-products such as N220 carbon black, biochar fertilizer, etc. and/or fuel oil or fuel gas for the production of electrical power, without any measurable environmental pollution or ash to be land filled. The QES2000 System is designed to meet the Global challenges of the 21st Century wherein natural resources are being exhausted, the petroleum industry is unstable and uncertain in terms of cost and supply and the world is seeing a degradation of the Global environment.
Because of the affordability of the QES2000 System, and the creation of significant revenue streams from the by-products, the return on investment is much greater than other competitive systems.
About QUADRA PROJECTS INC.
QUADRA PROJECTS INC. intends on becoming a leading green energy company focusing on environmentally friendly opportunities focusing on its leading waste to energy technology and other green industry opportunities existing world-wide.
Forward Looking Statements:
THIS RELEASE CONTAINS CERTAIN FORWARD-LOOKING STATEMENTS CONCERNING QUADRA'S OPERATIONS, ECONOMIC PERFORMANCE AND FINANCIAL CONDITION. THESE STATEMENTS ARE BASED UPON A NUMBER OF ASSUMPTIONS AND ESTIMATES, WHICH ARE INHERENTLY SUBJECT TO UNCERTAINTIES AND CONTINGENCIES, MANY OF WHICH ARE BEYOND THE CONTROL OF THE COMPANY, AND REFLECT FUTURE BUSINESS DECISIONS, WHICH ARE SUBJECT TO CHANGE. SOME OF THESE ASSUMPTIONS MAY NOT MATERIALIZE, AND UNANTICIPATED EVENTS WILL OCCUR WHICH CAN AFFECT THE COMPANY'S RESULTS.
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