Coal Investing News » Vega’s Georgia Manufacturing Plant to Produce Bio-Coal

Vega's Georgia Manufacturing Plant to Produce Bio-Coal

March 25, 2010 @ 12:43 pm In Coal Company News

Vega Promotional Systems, Inc. (PINKSHEETS: VGPR) reported that its Georgia manufacturing plant will produce bio-coal.

The press release is quoted as saying:

The Company recently announced it has entered into an agreement with Austrian-based ECEM Salzburg Energy and Environment Consulting GmbH to sell 100% of the bio-coal produced at the Company's Georgia facility. ECEM will resell the product to power companies throughout Europe. The five year deal will generate approximately $17 million in annual revenue to Vega.

Click here to access the entire press release ^[1]

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[1] Click here to access the entire press release: http://www.marketwire.com/press-release/Vegas-Georgia-Manufacturing-Plant-to-Produce-Bio-Coal-for-European-Power-Companies-1137718.htm