News: IGE Integrated Green Energy Solutions Executes Term Sheet With Envirotech Waste Recycling In...

Aug 16 (Reuters) - Integrated Green Energy Solutions Ltd (IGE) :

• IGES EXECUTED TERM SHEET WITH ENVIROTECH WASTE RECYCLING INC IN PHILIPPINES
• UNDER TERMS OF AGREEMENT, EWRI WILL HAVE 10% EQUITY STAKE IN PHILIPPINES PROJECT
• IN INDONESIA, CO HAS EXECUTED TERM SHEET WITH PT HASYA JAYA, UNDER WHICH PTHJ WILL BE PROVIDING 200 TPD IN FEEDSTOCK
• IGES WILL ESTABLISH ENTITY IN INDONESIA, AND WILL TAKE 90% EQUITY POSITION
• IN ADDITION PTHJ WILL BE RESPONSIBLE FOR ACHIEVING ENVIRONMENTAL PERMITS FOR SITE IN INDONESIA
• AS WITH PHILIPPINES OPPORTUNITY, CO FORECASTS INDONESIA PLANT CAN GENERATE SUBSTANTIAL PROFITS FOR SHAREHOLDERS