Energy & Technology Corp., PKA Technical Industries & Energy, Corp., to Construct a $USD 450 Million Essential Commodity Sugar Mill and 76,500+ Acre Plantation
LAFAYETTE, LA--(Marketwire - 02/11/11) - Energy & Technology, Corp. ("Energy & Technology" or the "Company") (OTC.BB:ENGT - News), announced today that the Company hosted a delegation including the Honorable Al Haji Ibrahim Idris, Governor of Kogi State, Nigeria, the Honorable Abubaker Abdulkareem, Minister of Commerce and Industries, and Dr. Aaron Baba. Discussions included a review of ENGT's Confluence Sugar project budget and timelines.
According to Mr. Hicham Makkaoui, president of Confluence Sugar, the affiliate company of ENGT and the entity executing the project in Kogi State, "Planning is complete, including the Feasibility Study, and the site in Nigeria has been selected, allocated, and surveyed. Confluence Sugar is a $USD 450 million Essential Commodity Project encompassing a 76,500+ acre sugarcane plantation and mill being developed through a joint venture with the state government in Nigeria."
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About Energy & Technology, Corp.
As the holding company of Technical Industries, Inc., Energy Pipe, LLC, and Energy Technology MFG & Threading LLC, Energy & Technology, Corp. (OTC.BB:ENGT - News) is a technology and essential commodities provider including main source for rig, integrated systems, down hole tools, OCTG, linepipe, drillpipe, drilling tools and supply chain solutions. ENGT provides a comprehensive drilling system for parts, down hole tools, engineering, non-destructive testing, storage, maintenance and other products, and services. To learn more about ENGT visit: www.engt.com.
SAFE HARBOR STATEMENT
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors available from the Company. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Investors are urged to read the Annual Report on Form 10-K for the year ended December 31, 2009 and other documents filed by ENGT with the SEC.
For additional information, contact Chris Johnson, ph. - 337-984-2000